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“#Hester Ford, oldest person in America, dead at 116” America’s oldest person has died, but she left behind quite a legacy — not the least of which are some 120 great-great-grandchildren. Hester Ford, of Charlotte, North Carolina, died at the age of 116, according to WBTV. Born in 1904 in Lancaster, South Carolina, Ford grew…
“# After a remarkable run, social media sentiment sours on DOGE ” It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end. The digital…
“# The crypto FBAR: Implications beyond ” The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency…
“# Cathie Woods’ Ark buys a further $110M worth of Coinbase shares ” Three exchange-traded funds, or ETFs, offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase Global Inc. (COIN) to their positions on Thursday, April 15. According to a report from Reuters, the Ark Innovation…
“# Massachusetts regulator seeks to revoke Robinhood’s broker-dealer license ” Massachusetts’ securities regulator is seeking to revoke the broker-dealer license of cryptocurrency-friendly stock trading app Robinhood in the state. William Galvin, the head of the state’s securities division, said in a new administrative complaint that Robinhood has “continued a pattern of aggressively inducing and enticing…
“# Mick Jagger is using NFTs to raise money for indie music venues ” The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic. In an announcement from the music legend on Thursday, Jagger said he had started…
“# Finance officials pour cold water on cryptocurrency amid Coinbase celebrations ” Finance officials from both sides of the globe are taking the opportunity to criticize the value and utility of cryptocurrencies as media focus intensifies on the space following Coinbase’s direct listing on the Nasdaq. Bank of Korea governor Lee Ju-yeol said cryptocurrencies had…
“# Nearly 75% of professional investors see Bitcoin as bubble: survey ” Bank of America released a new survey that found that the majority of professional investors are not very optimistic about the world’s largest cryptocurrency. Nearly 75% of respondents in the April BofA Fund Manager Survey said that they see Bitcoin as a “bubble,”…
“# US Senate votes to confirm Gary Gensler as SEC chair ” Voting mostly along party lines, the U.S. Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC. In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or…
“# CEO says PayPal’s crypto commerce may reach $200M volume in just months ” As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future. Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s…