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FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multibillion-dollar crypto giants spiraled into bankruptcy this year. FTX’s main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of
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The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday. The company said it projects potential gains of
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Municipals sold off across the yield curve amid elevated selling pressure as the first day of the Federal Open Market Committee meeting began Tuesday, with the one-year muni well above 2.5% and the 10-year surpassing 3%. U.S. Treasuries were weaker and equities ended down. Triple-A benchmark yields rose eight to 10 basis points, depending on
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Puerto Rico Electric Power Authority bondholders asked the bankruptcy court Monday to dismiss the proceedings as a step to appointing a receiver for the authority after the Oversight Board abruptly ended mediation Saturday morning. The bondholders may get to choose the receiver for the authority, which could “set affordable and sustainable electricity rates sufficient for
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While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.”  Buterin shared his thoughts in a Sept. 17 post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said
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Here’re seven steps to investing in your first stock. If you’ve never placed a trade in your life, don’t worry. These are the simple steps that you will help you understand the stock market and what it takes to become a successful trader. #stockmarket #investingstocks #tradingbeginners #firststock #learntrading #tradingstocks Posted at: https://tradersfly.com/blog/getting-started-in-the-stock-market-and-investing ? Newsletter &
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Lukas Walton Builders Vision, the investing and philanthropy platform of billionaire Lukas Walton, has shifted its $1 billion endowment into what it calls “impact investments,” leading a broader shift in family offices to connect their investing and giving. Chicago-based Builders Vision will announce today that its Builders Initiative Foundation has moved 90% of its endowment
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Puerto Rico’s government is taking steps to restructure Municipal Finance Agency bonds and other government debt. Puerto Rico’s Fiscal Agency and Financial Advisory Authority, which oversees debt for the administration of Gov. Pedro Pierluisi, on Friday told The Bond Buyer it would seek to restructure the MFA bonds and other non-bonded debt.  To pursue a
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