investing

One of the most prominent names in crypto defaulted on $47 million USDC debt, Coinflex says

Crypto exchange CoinFlex’s chief executive Mark Lamb said Tuesday that it issued a notice of default to Roger Ver, an early crypto investor and founder of Bitcoin.com, alleging that Ver failed to meet a margin call and owes the exchange $47 million USDC. Lamb made the comments on Twitter after Ver tweeted Tuesday rumors that …

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Bank of America clients sold last week’s stock-market rally while buying ETFs

Bank of America clients sold the stock-market rally last week but were buying exchange-traded funds across styles in a tough year for equities, according to BofA Global Research. The bank’s clients were net sellers of US stocks for a third straight week, BofA equity and quant strategists said in a research note dated June 27. …

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Bank of America clients sold last week’s stock-market rally while buying ETFs

Bank of America clients sold the stock-market rally last week but were buying exchange-traded funds across styles in a tough year for equities, according to BofA Global Research. The bank’s clients were net sellers of US stocks for a third straight week, BofA equity and quant strategists said in a research note dated June 27. …

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Here’s how much the average working boomer has saved for retirement

Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture isn’t so much bleak as devastating. Less than half …

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Hackers steal $ 100 million from California cryptocurrency firm

The unidentified thieves hit a “bridge” – a program that allows for the transfer of cryptocurrency – the victimized firm, Harmony, announced on Twitter Thursday night. “Harmony is working around the clock as we continue our investigation alongside the FBI and multiple cyber security firms,” ​​said the firm, which specializes in blockchain technology that underpins …

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You’ll know the bear market is nearing an end when anxious investors push the ‘panic’ button

The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: the US stock market hasn’t yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of pessimism and despair on Wall Street. But that bearishness seems a mile wide and …

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Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice

Crypto platform Voyager Digital Ltd. VOYG, -52.50% shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto hedge fund Three Arrows Capital for failure to repay its loan. Voyager’s exposure to Three Arrows includes 15,250 bitcoin, or about $315 million based …

Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice Read More »