Category: Money
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Ripple Launches First Tokenized Money Market Fund On XRP Ledger
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Ripple Labs has introduced the first money market fund tokenized on the XRP Ledger (XRPL). the initiativein partnership with Archax and UK-based asset manager abrdn, demonstrates significant progress in tokenizing real-world assets (RWA) and expanding the institutional decentralized finance (DeFi) ecosystem of the XRP ledger. Ripple enters the RWA sector…
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UN climate talks to focus on money to help poor nations cut carbon pollution
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Breadcrumb links PMN BMN Business Article writer: Associated Press Seth Bornstein Posted on November 11, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content BAKU, Azerbaijan (AP) — An elaborate two-week international poker game…
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Crypto Mixer Jailed For 12.5 Years After $400M Money Laundering Conviction
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The founder of a cryptocurrency mixing platform will end up in a US prison cell and return to his home country for 12.5 years after a federal court ruled that the owner of the cryptocurrency company was guilty of money laundering. This ruling serves as a reminder that the US…
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FTX sues Scaramucci to recoup money SBF put into showy investments
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FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort to recover money for the bankrupt company’s creditors. The lawsuit against the former White House communications director is one of 23 filed in Delaware bankruptcy court on Friday. The plaintiffs…
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Chainlink Hits $13.5 For The First Time Since July – Smart Money Accumulation?
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This article is also available in Spanish. Chainlink (LINK) has rallied impressively over the past few days, surpassing the critical $13 resistance level and posting a notable gain of 35%. This latest breakout has sparked optimism among analysts and investors, as LINK has faced strong resistance around the $13 level…
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Ethiopians snub money transfers, use M-Pesa to buy airtime, data
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While Kenyans use M-Pesa to send and receive cash and pay for goods and services, Ethiopians have taken a different tack. Safaricom expected rapid adoption in a cash-based economy with low credit card penetration and many rural markets needing connectivity. Instead, Ethiopians mainly use M-Pesa to buy airtime and data,…
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Money in NCAA sports has changed life for a few. For many athletes, college degree remains the prize
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Breadcrumb links PMN BMN Business Article writer: Associated Press Cheyenne Mumphrey, Michael Marott, and David Brandt Published on November 8, 2024 • Last updated 24 minutes ago • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article…
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French whale betting on Trump is only doing it for the money
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A French trader who bet $30 million on betting site Polymarket on Donald Trump winning the presidential election said he had no political motive for doing so. In an interview with the Wall Street Journalthe alleged whale referred to himself as “Theo” and said he placed his bets on Trump…
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Money market account rates today, November 1, 2024 (up to 5.05% APY return)
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Between March 2022 and July 2023, the Fed raised its benchmark interest rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed cut the federal funds rate by 50 basis points in September. So, deposit rates—including interest rates on money market accounts—began to…
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Forget Vampires and Werewolves—The Scariest Costume This Halloween Is a Money Printer
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Follow Mark on X. Ah, Halloween. The only night of the year we’re supposed to be afraid of things that go bump in the night. You know, your classic cast of characters: Dracula, Frankenstein’s monster, your weird neighbor who leaves his Christmas lights on all year long. But here’s the…
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Forget Vampires and Werewolves—The Scariest Costume This Halloween Is a Money Printer
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Follow Mark on X. Ah, Halloween. The only night of the year we’re supposed to be afraid of things that go bump in the night. You know, your classic cast of characters: Dracula, Frankenstein’s monster, your weird neighbor who leaves his Christmas lights on all year long. But here’s the…
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Russia fines Google $20 Decillion – more than all the money in the world
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A Russian court has fined Google an astronomical $20 trillion — an amount that significantly exceeds the world’s total money supply — after the tech giant banned accounts belonging to several pro-Kremlin TV channels on YouTube. The case, which has captured global attention due to the unprecedented number of people…
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Money Electric: Being Distracted By Nonsense
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Follow Aaron on our or X. This weekend, I finally got to watch Money Electric, the HBO documentary that “reveals” Bitcoin Core contributor Peter Todd as the real identity behind Satoshi Nakamoto. It’s been three weeks now and I’ve already been forgotten about in the 24 hour social media cycle,…
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Money Electric: Being Distracted By Nonsense
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Follow Aaron on our or X. This weekend, I finally got to watch Money Electric, the HBO documentary that “reveals” Bitcoin Core contributor Peter Todd as the real identity behind Satoshi Nakamoto. It’s been three weeks now and I’ve already been forgotten about in the 24 hour social media cycle,…
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Money market fund yields soften on falling rates
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Returns on popular money market funds (MMFs) fell as interest rates retreated from record levels, indicating lower returns from an asset class often sought by retail or individual investors. MMF is a type of mutual fund that invests in high-quality, short-term debt instruments, cash and cash equivalents. Although they are…
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Ethereum Whale Activity Spikes To 6-Week High – Smart Money Accumulation?
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This article is also available in Spanish. Ethereum has seen a sharp decline, falling more than 13% since Monday, raising concerns among investors who expected a breakout. This sudden pullback, which took ETH’s price as low as $2,380 on Friday, has injected a sense of unease into the market, leaving…
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Which Exchange Does Big Money Prefer?
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Here’s what the on-chain data says regarding which cryptocurrency exchanges are currently the platform of choice for Bitcoin whales. Bitcoin exchanges are ranked according to their pedigree of whales In new mail On X, CryptoQuant Community Manager Maartunn discussed which exchange is currently number one in Bitcoin exchange whale ratio.…
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Which Exchange Does Big Money Prefer?
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Here’s what the on-chain data says regarding which cryptocurrency exchanges are currently the platform of choice for Bitcoin whales. Bitcoin exchanges are ranked according to their pedigree of whales In new mail On X, CryptoQuant Community Manager Maartunn discussed which exchange is currently number one in Bitcoin exchange whale ratio.…
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Ireland To Draft Urgent Crypto Laws Ahead Of EU’s Crackdown On Money Laundering
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Ireland appears to be taking rapid action to implement new cryptocurrency regulations in anticipation of upcoming EU anti-money laundering (AML) and counter-terrorism financing (CTF) standards. Finance Minister Jack Chambers Announce to the Cabinet that urgent legislation will be drafted to update the country’s cryptocurrency regulations before new EU laws come…