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“#Stephen Cloobeck looks to rehab image amid legal fight with OnlyFans ex” Junk bond king Michael Milken could help timeshare tycoon Stephen Cloobeck rehabilitate his image after a failed and highly litigated relationship with Only Fans star Stefanie Gurzanski. The real estate mogul — who made $2.2 billion when he sold Diamond Resorts in 2016…
“#Activist hedge fund wants Macy’s to mimic rival Saks’ online strategy” An activist hedge fund that took a stake in Macy’s is is pushing the department-store giant to follow its upscale rival Saks Fifth Avenue’s online playbook, The Post has learned. In March, Saks separated its bricks-and-mortar business from its online division, with the latter…
“# Elliptic raises $60M to advance crypto analytics service ” Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic…
“# Billionaire Bill Miller advocates for Bitcoin, but doubtful on altcoins ” Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the rise of Bitcoin (BTC) during a recent conversation with author William Green but voiced skepticism around many of the altcoins birthed during 2017. Miller subscribes to the…
“# Do you still compare Bitcoin to the tulip bubble? Stop! ” To compare Bitcoin (BTC) to the Dutch tulip bulb bubble is to perpetuate a fallacy. Technology evolves more rapidly than nature, and decentralized networks have more financial utility than a bouquet. Bitcoin is a technology, tulips are plants, and no discerning person would…
“# Survivorship bias has led to an imbalance in the crypto ecosystem ” With success comes a survivor bias ― the logical error of concentrating on people or things that made it past a selection process while overlooking those that did not ― as well as, potentially, a superiority complex ingrained in those who survived….
“# Compound unanimously passes proposal to repair bug ” Compound Finance announced the passing of Proposal 064 on Thursday, titled the “Fix COMP Accrual Bug.” The proposal states that this update will attempt to “patch the bug introduced in Proposal 62 and pessimistically allow COMP reward withdrawals until the bad COMP accruals can be fixed.”…
“# Stader Labs completes $4M funding raise to expand crypto staking ” Stader Labs, a cryptocurrency staking management platform, announced on Thursday a $4 million financing round to accelerate development across multiple blockchains — including Ethereum, Near and Polkadot — as well as broadening its marketing campaigns. The funding raise was conducted by Pantera Capital,…
“# MoneyGram launches USDC settlement using the Stellar blockchain ” Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. Per a 6 Oct. announcement, MoneyGram has integrated support allowing crypto wallets connected…
“# Arab Bank has chosen Tezos to facilitate institutional custody service ” Arab Bank Switzerland announced Tuesday that it will integrate staking, trading and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations and high net-worth individuals. The 50-year old establishment partnered with…