Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed “up and to the right,” he addressed concerns with Libra and the recent drop-out of major banking and business players. In short? He’s not
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A year after a lower court restructured the Puerto Rico Sales Tax Restructuring Corp. (COFINA) bonds into new bonds, a case attempting to overthrow the restructuring is actively moving forward in an appeals court. At stake is a restructuring of senior and subordinate COFINA bonds with original par value of $17.6 billion. Investors started selling
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Illinois expects $750 million in budgetary relief over the next three years through consolidation measures, healthcare savings from new labor contracts, interest savings on overdue bills, and improved collections announced by Gov. J.B. Pritzker ahead of his fiscal 2021 budget address. “For the coming year, our efficiencies and initiatives will yield at least $225 million
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A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images Americans are moving much less frequently. Mobility is actually at a record low. That is fueling strong growth in the home remodeling market. But not all renovation investments yield equal payback. Overall remodeling returns are
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The State of New York has blocked dismissal of a lawsuit accusing several major banks of wrongdoing in the variable-rate market, effectively preventing those banks from using the argument that has offered success to them in several similar lawsuits filed around the country. The office of New York Attorney General Letitia James notified the Supreme
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B2C2, a London-based over-the-counter (OTC) market maker, is sharing its data and allowing transactions on the Los Angeles-based exchange aggregator SFOX. The partnership began at 10 a.m. Eastern time (15:00 UTC) Wednesday. It offers traders more access to price discovery in a thinly traded cryptocurrency market that lacks transparency. It also allows traders to view comparative
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A pedestrian walks past a stock ticker at a Fidelity Investments office in Boston, Massachusetts. Brian Snyder | Reuters Thanks to record-breaking markets and more retirement savings, there are a record number of 401(k) and IRA millionaires in the United States. Fidelity has released its quarterly analysis of retirement trends, which has become increasingly relevant
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The American Securities Association has thrown its hat into the ring as it plans to become increasingly involved in municipal market issues in the near future. The ASA told The Bond Buyer that it has plans to become more involved in fixed income and infrastructure lobbying following a letter sent to the Securities and Exchange
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Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
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The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is preparing to unveil new regulations around cryptocurrencies, Treasury Secretary Steven Mnuchin said Wednesday. Speaking during a hearing before the Senate Finance Committee, Mnuchin said FinCEN, the nation’s financial crimes watchdog, is preparing to roll out some “significant new requirements” around cryptocurrencies, though he did not
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