Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar with the matter” told Bloomberg in a Feb. 10 report that the exact motive behind the probe is currently unclear. An NYDFS
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The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Coldcard Q1, which features a QWERTY keyboard and QR code scanner. Coinkite details that the battery-powered device utilizes the same security model as the Coldcard Mk4. Coinkite Introduces the Coldcard Q1 Over the past three months, companies have unveiled new
Citigroup was dropped Thursday from an upcoming $3.4 billion Texas bond sale after being recently barred from underwriting government debt in the state. The Texas Natural Gas Securitization Finance Corporation board reconstituted the deal’s underwriting syndicate, removing Citigroup as a co-manager. Last month, the Texas Attorney General’s Office announced it will no longer approve any
Municipals were mixed Thursday as inflows into muni mutual funds returned, while U.S. Treasuries were weaker, and equities ended down. The three-year muni-UST ratio was at 53%, the five-year at 54%, the 10-year at 60% and the 30-year at 87%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the three at
Ask a savvy pet owner or parent what their favorite brand of rug is and there’s a good chance they’ll say it’s Ruggable. This brand is known for its machine-washable chenille rugs that aren’t merely practical, they’re comfortable and beautifully designed. Ruggable offers hundreds of options in a variety of sizes, shapes (including circular and
Median rents in Manhattan hit a new record in January as a strong job market and limited supply of apartments lifted prices. The median rental price rose 15% to $4,097 from the year-earlier month — the highest ever in January, according to a report from Douglas Elliman and Miller Samuel. The average rent in Manhattan
Credit Suisse has reported its biggest annual loss since the 2008 financial crisis, laying bare the scale of the challenge the bank faces in restoring its fortunes. The lender on Thursday reported a SFr1.4bn ($1.5bn) loss for the fourth quarter, as investment banking revenues slumped and clients pulled money from the group’s wealth management business.
Despite concerns over a bubble and regulation, biotech investing remains very hot for investors. It doesn’t hurt that even with the recent sell-off the space is easily outperforming broad indexes so far in 2015. But with added risks, it might be time for investors to consider an ETF approach to the space so that one
We’ll talk about diversification, Warren Buffett’s famous Berkshire Hathaway portfolio, as well as the academic study that thought it had this question answered only later to be challenged. Some people only have a handful, some people use funds to hold hundreds and hundreds. In this video, we will weigh up the opportunity cost of diversification
choja | E+ | Getty Images The solar technology company Nextracker priced its initial public offering just above its stated $20 to $23 per share range, people with knowledge of the transaction told CNBC. The order book for Fremont, California-based Nextracker was “well subscribed,” meaning demand allowed the company to exceed expectations on pricing, sources
Municipals were weaker in secondary trading, with the largest cuts seen on the short end, while a $1.2 billion deal from the New York City Transitional Finance Authority took focus in the primary. U.S. Treasuries were better, and equities ended in the red. The three-year muni-UST ratio was at 54%, the five-year at 55%, the
Local Wisconsin governments would receive a 20% share of the state’s sales taxes for a $576 million funding infusion and the ability — with voter support — to raise the sales tax under a plan Gov. Tony Evers will include in his proposed biennial budget next week. Evers initially made the pledge on revamping of
In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other
Artist name: Justin AversanoLocation: Los AngelesDate minted first NFT: Feb. 15, 2021Which blockchains? Ethereum Bio: Unintentionally, the healing process of losing his twin sister at birth sparked Justin Aversano’s career to become the poster child for NFT photography. His most famous collection, “Twin Flames,” has 5,900 ETH in total sales volume on OpenSea and multiple
In this article CMG FTNT UBER ENPH TRIP ILMN Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Uber — The
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates continued to fall last week, and both current homeowners and potential homebuyers reacted swiftly. Total mortgage application volume, including refinances and loans to purchase a home, jumped 7.4%
Ukrainian president Volodymyr Zelenskyy has arrived on a surprise visit to the UK on Wednesday as Britain unveils plans to provide Kyiv with more weaponry and assistance — including training for Nato-standard jets. Zelenskyy, who was greeted by UK prime minister Rishi Sunak on landing at Stansted airport, will address parliament in only his second
Today I’m going to share with you how you can stay safe while trading options. A lot of people think options are much riskier than stocks, but this is not necessarily the case. You can make options trading very safe and customize your trades based on your own personal needs. Check it out! Also, our
The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down. According to a Feb. 7 Bloomberg report, the prosecutor’s office in Seoul said the reports “aren’t false” regarding members of its team
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