Month: September 2019

Ripple, the leader in enterprise blockchain solutions for cross-border payments, today launched operations in Iceland to further expand its presence in Europe. In addition, the company welcomes a new team of engineers with its acqui-hire of Icelandic crypto trading firm Algrim. Ripple is on an acquisition streak—last week, the company announced its acquisition of Logos,
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Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now
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As we enter the fourth quarter, municipals continue their remarkable performance with the market continuing to follow trends of demand outstripping supply and inflows into the asset class. “The classic law of physics — a body in motion stays in motion, is how I would describe the inflows,” Jim Colby, senior municipal strategist and portfolio
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BlackRock CEFs renew share repurchase programs In this week’s Weekly Closed-End Fund Roundup, we noted that BlackRock announced the renewal of share purchases in its closed-end fund line-up. According to the press release: Certain BlackRock Closed-End Funds Announce Renewal of Share Repurchase Programs September 05, 2019 05:30 PM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–BlackRock Advisors,
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A Sonder living room. Sonder As Airbnb prepares to become a publicly traded company in 2020, the home-sharing marketplace is signaling a huge appetite for high-quality supply. It’s a move from helping everyday homeowners build small businesses to also propelling a handful of professionals to large ones. Startups have appeared with offerings ranging from a
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A prolonged Michigan budget battle would hit the state’s charter schools the hardest, according to S&P Global Ratings. The Republican-led Michigan legislature approved $59.9 billion in state spending in budget bills while axing a controversial 45-cents-a-gallon fuel tax hike proposed by Gov. Gretchen Whitmer, setting the stage for a budget battle. Charter schools are vulnerable
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Recent highly publicized flops by supposedly disruptive companies could be painting an unpleasant picture ahead for innovation, at least in how it’s viewed in the financial markets. Investors have turned thumbs-down on high-profile companies including WeWork, Uber and Tesla. Industries including marijuana, vaping and bitcoin all have seen big price drops following a spate of
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Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its
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The Federal Aviation Administration awarded $986 million in grants this week in the fifth dispersal from a $3.18 billion program aimed at renovating the nation’s airports to improve safety. More than 350 airports in 44 states, Micronesia, and Puerto Rico were awarded grants, the majority less than $1 million. Construction and rehabilitation projects will help
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Nearly all top 10 alternative cryptocurrencies by Market Capitalization have hit their respective 6-month lows after bitcoin’s rapid price slide dragged the rest of the markets into the red on Tuesday. Litecoin (LTC), EOS (EOS), Binance Coin (BNB), and Stellar (XLM) dropped to their lowest point in over 6-month shortly after BTC’s major sell-off forced traders
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Let’s start with the idea that every asset is perfectly priced, and thus, it is impossible to generate alpha. Let the scenario soak in: every asset’s price, in every part of the world, perfectly reflects all available information. It then becomes obvious that we won’t be able to generate higher risk-adjusted returns. Choosing a company
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