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“#Bitcoin surges 5% as optimism grows for SEC approval of ETF” Bitcoin is surging amid hope that the Securities and Exchange Commission is close to approving an exchange-traded fund that incorporates the digital coin. Bitcoin was trading at about $57,500 on Thursday morning, up 5 percent over the previous 24 hours, according to Coinbase data. …
“#Coinbase to launch NFT marketplace by end of year” Coinbase wants in on the NFT boom. The largest US crypto exchange is launching a marketplace for the one-of-a-kind digital collectibles by the end of this year, Coinbase said on Tuesday. Users will be allowed to buy, sell and create NFT, or so-called non-fungible tokens, through…
“# 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…
“# Building a better stock market: Tokenized shares bridge trading gap on blockchain ” The dramatic short squeeze of the stock of video game retailer GameStop this January was the moment when r/WallStreetBets finally transformed from a humble Reddit forum into a financial force that can no longer be ignored. But lost among the memes,…
“#Bitcoin spikes 10 percent as crypto fans celebrate ‘Uptober’” The price of Bitcoin spiked 10 percent early Friday as the cryptocurrency market bounced back from a bruising September. Bitcoin was trading at 48,226.57 late Friday afternoon, up about 10.5 percent from $43,650 at midnight, and 11.2 percent from the period 24 hours prior, according to…
“#Former Merrill Lynch CEO Dave Komansky dead at 82” There was a time when it didn’t matter what school you went to or whether you had a fancy MBA. If you were smart and hungry, you could have a career on Wall Street — and even run a big firm. Dave Komansky, the former longtime…
“#Biden the latest in Wall Street’s presidential losing streak” Oops, they did it again. Wall Street has a notoriously horrible record in recent years of backing presidential candidates who sound good on paper but ultimately turn out to be duds. Add Joe Biden to the list. Not only are C-suite executives at the big investment…
“#Goldman populist pay flap led in part by son of $108B fund bigwig” The populist uprising at Goldman Sachs over junior banker pay was led by a first-year employee with a rather princely background. The son of TPG Capital Vice Chairman Jonathan Coslet was one of the ringleaders behind a PowerPoint presentation that went viral…
“#Bitcoin plunges amid stock wordlwide market sell-off” Bitcoin tumbled to its lowest price in over a month on Monday as US stocks got slammed by a sharp selloff amid fears about the Chinese property market. The world’s most popular cryptocurrency was trading below $43,800 mid-morning on Monday, down about 7.5 percent over the previous 24…
“#Eric Adams talks nice on business, tough on crime” As he awaits the November general election that’ll likely make him the city’s 110th mayor, Eric Adams continues to sound the right notes on New York’s future and economic recovery. Last week, the Brooklyn Democrat promised a new, pro-business era at City Hall, telling a group…