One day many years ago, I found myself stuck in traffic and noticed a peculiar sign. It said something about the construction that was going on — the very thing that was hampering my commute.
It said all this construction was being funded by a bond. This was before I had ever started my career in finance, so bonds were an unfamiliar thing. But when I began my investment career, I soon realized that I could actually invest in these things. And the more I learned, the more I was ecstatic.
After all, If you can’t beat ’em, might as well make money off them…
A single Bitcoin (CRYPTO: BTC) transaction worth over $2 billion was processed for under $1.
What Happened: According to data from Blockchain.com, more than 44,500 BTC worth $2,011,009,391 moved from one anonymous crypto wallet to another for as little as 78 cents in transaction fees.
An international transfer of the same size would typically involve a transfer fee of between 1% and 3%. Even a transfer fee of 1% on a $2-billion transfer would cost at least $20 million and take between one and four days to process.
Despite surging to a record high of $62 earlier this....More>>>
Shares of Seven Stars Cloud Group (NASDAQ:SSC), also known as Ideanomics, rose on Tuesday after the blockchain company announced a deal with a leading auto financing company in China. The stock was up about 10.1% at 12:45 p.m. EDT.
Seven Stars has signed a three-year deal with First Auto Loan to provide two financing campaigns, one in China and another across other markets. The financing will support rideshare vehicles throughout China, going through both Seven Stars’ blockchain ecosystem and traditional financial distribution channels.
Google — owned by Alphabet Inc (NASDAQ:GOOG,NASDAQ:GOOGL) — announced that it would be selling its restaurant review company Zagat.
The tech giant said it will be selling the restaurant review juggernaut to The Infatuation, a review site that was founded in 2009 by former music executives. It is unclear how much Google is selling Zagat for, but the company first acquired the recommendation service in 2011 for $151 million.
Hot Tech Stocks For 2019: JA Solar Holdings, Co., Ltd.(JASO)
[By Garrett Baldwin]
The clouds of doubt hanging over Wynn Resorts (NASDAQ:WYNN) regarding allegations of sexual misconduct against the casino operator’s founder and former chairman Steve Wynn may soon be breaking, and none to soon.
Wynn Resorts reached a settlement with Nevada gaming regulators that has it admitting guilt for failing to act on the allegations even though executives and the board were aware of the misconduct.
While a serious admission, Wynn will not need to make more changes than it already has, and its gaming license in the state will no longer be in jeopardy. It still must....More>>>