P&G Investors Challenge CEO Over Forest Destruction Concerns By Stand Earth, Popular Resistance. October 14, 2020 P&G Investors Challenge CEO Over Forest Destruction Concerns2020-10-142020-10-14https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/pandg-e1602698233656.jpg200px200px Above photo: Stand Earth. At the Company’s Annual Meeting. In win for advocacy groups, 67% of shareholders split from company’s recommendation and vote yes on key proposal to protect boreal forest of Canada, tropical forests in Southeast Asia. Washington – In a shocking move by Procter & Gamble’s shareholders that defied the company’s own recommendations, two-thirds of Procter & Gamble (P&G) shareholders voted “yes” at the company’s annual meeting on Tuesday, October 13, to pass a proposal […]
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Three hundred investors have ponied up funds for the initial public offering (IPO) of crypto exchange INX, according to Etherscan. Source link
As the U.S. presidential election gets closer, market “predictions” are showing up in stocks from energy to private prisons. How markets are trading the U.S. presidential election in November. A look at what different stock and other market preferences suggests about who Wall Street expects to win the 2020 election, including: Source link
This week the U.K.’s Financial Conduct Authority (FCA), which regulates the country’s financial services, issued a ban on the sale of crypto derivatives and ETNs to retail investors. While this may not seem particularly material to crypto asset markets overall – U.K. retail investors weren’t that much into crypto derivatives anyway, and the market hardly reacted at all – it is worth paying attention to for the alarming message contained within. This message loudly says: “We don’t like crypto assets.” In case you think I’m exaggerating, the policy statement opens with the sentence: “There is growing evidence that cryptoassets are causing […]
Ether’s recent price drop has failed to deter investors from accumulating the cryptocurrency, on-chain data indicates. Source link
China’s sovereign debt is set to be added in another benchmark bond index, World Government Bond Index (WGBI), possibly bringing from $100 to $150 billion worth of foreign investment to the world’s second largest bond market. In a landmark decision announced on Thursday, British index provider FTSE Russell said Chinese government bonds will be added to the key index that includes mostly developed economies from October next year. The inclusion of around $1.5 trillion out of China’s $16 trillion bond market is set to be additionally confirmed in March 2021. Also on rt.com China’s yuan strengthens against US dollar, could grow […]
As decentralized finance (DeFi) balloons to a roughly $10 billion market, infrastructure builders are coming up with ways to reduce the associated risks. Announced Wednesday, wallet and custodial technology provider Trustology has added a “DeFi Firewall” to its suite of institutional-investment tools. The “Firewall” is basically a set of rules or filters selected by a fund, specifying which DeFi protocols or decentralized exchanges they consider kosher. With DeFi’s liquidity mining opportunities driving adoption and demand, investors from a more traditional or institutional background want some of this action. At the same time, they have to be able to show that funds […]
Investors accuse NVIDIA of bungling the chipmaker’s response to 2017’s mining hardware boom. Source link
Daily Beast: Lev Parnas and David Correia, former associates of Rudy Giuliani who were at the heart of President Donald Trump’s impeachment scandal, were charged Wednesday with conspiring to defraud investors via an insurance company titled “Fraud Guarantee.” VT has been told that Devin Nunes worked with Parnas extensively through Derek Harvey., his aide. “The records show that Parnas, who Rudy Giuliani used to communicate with Ukrainian officials, texted with Rep. Devin Nunes’ aide, Derek Harvey, extensively throughout 2019. And the messages provide key new evidence that Nunes’ team was aware of and involved in Trump’s efforts to pressure Ukraine to […]
ParaSwap has raised $2.7 million in seed funding from 32 investors including Blockchain Capital, Alameda Research, CoinGecko and more. Source link
One of the interesting things about cryptocurrency investors is that they really do look at the world very differently from many of their counterparts in traditional finance. The thinking goes something like this: The efforts of governments and central banks to repair the economy are doomed to fail, and likely to make the situation worse. There is no point in moving to a defensive investment strategy, because prices for digital assets are going to the moon. Every time the stock market goes up, it just validates the reality that the dollar is being debased by trillions of dollars of central-bank money printing. […]
The pair allegedly left victim’s funds in an escrow service that was actually their money-laundering front. Source link
Hedge fund manager Arca is stepping up its campaign to overhaul Gnosis, claiming the decentralized exchange and prediction market platform has deviated from its original mission. The post describes Gnosis’ $12.5 million 2017 token sale (which valued the project at $300 million) as an “interest-free loan.” After borrowing the money, the team “failed to deliver the products laid out in its fundraising whitepaper,” Arca contends. The products Gnosis created generate value only for its management, Arca claims. In that article, Köppelmann is quoted as saying Gnosis “had already been working on an alternative path for the GNO token, which we think […]
Despite three “51% attacks” in a month, Ethereum Classic’s price has demonstrated strong resilience. Though down a bit for the past month, its persistence may indicate that security is not a top priority for investors rushing to join a bull run in the crypto market. However, some warn that unless it improves its blockchain and makes it safer, additional attacks on Ethereum Classic could trigger a market sell-off and lead to a collapse of its digital asset. For a blockchain network’s security, a “51% attack” is pretty much as bad as it gets. That’s when a single entity gains control of […]
Bitcoin’s options market retains long-term bullish bias despite the recent price pullback, data shows. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
In a week in which we are yet again reminded how sharply sentiment can shift in crypto asset markets, it’s appropriate to look at the role volatility plays in our narratives, our portfolios and our psyches. I also want to examine what volatility is not, as its specter takes on a disproportionate influence in times of turmoil. This confusion is not unique to crypto markets – volatility is misunderstood across all asset groups. As with virtually all market metrics, however, it has particular nuances when applied to our industry. Setting the table First, let’s review what we mean by volatility. Technically, it […]
Bitcoin is in bear territory for the third straight day and investors are still looking to DeFi to capture gains during the dump. Bitcoin (BTC) trading around $10,606 as of 20:00 UTC (4 p.m. ET). Slipping 0.90% over the previous 24 hours. Bitcoin’s 24-hour range: $9,894-$10,081 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since September 2.Source: TradingView Bitcoin’s price dropped below $10,000 Friday, sliding as low as $9,894 on spot exchanges such as Coinbase. “It’s not the best look for BTC from a momentum and positive volume standpoint, to be […]
Investors dumped technology shares and drove all US stock market indices sharply down after a previous day’s high note. Oil and gold also dropped, as analysts struggled to explain the cause behind the sell-off. The Dow Jones Industrial Average dropped by over 1,000 points before bouncing back on Thursday, closing down 808 points at 28,292.73, for a 2.8 percent loss. The S&P 500 dropped 3.5 percent to close at 3,455.06, while the Nasdaq composite was down 5 percent, at 11,458.10. It was the worst single-day loss for Dow and S&P since June, and the biggest drop for Nasdaq since March. The […]
A U.S. lawsuit that alleged the Tezos ICO was an unregistered securities sale has been settled for $25 million. Source link
When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily. On today’s edition of The Breakdown’s Long Reads Sunday, our selections have to do with one of the hottest topics in central banking: yield curve control. “What Is Yield Curve Control?”The first piece is from the St. Louis Federal Reserve and is a primer on YCC, including past U.S. implementations as well as versions from Japan and Australia. “Market Jitters Show How Much Fed Medicine Matters”Our second piece is an op-ed about how dramatically markets reacted to this small detail from the Federal Open […]
Musk has faced several lawsuits, one for falsely claiming that he was going to take Tesla private, another for denigrating a British diver, and still another over his and his directors’ hefty compensation packages. Tesla Inc. shareholders have been advised to vote against re-electing Elon Musk as Tesla’s chief executive because of his enormous compensation package and tweets that sometimes get him in trouble. The UK-based investment advisory Pensions Investment Research Consultants (PIRC) wrote in a Tuesday report, seen by The Guardian, that Musk’s pay deal “unfairly enriches” the company’s founder. Musk, who embarked on a quest to get rid of […]
Some of the smartest investors in the crypto space share how they think the larger macro context is shaping interest in bitcoin and digital assets. Earlier this month, Messari hosted the Mainnet virtual summit. At that event, NLW moderated a session called “Macro Investors Sound Off!” featuring BlockTower Capital’s Ari Paul, Blockchain Capital’s Spencer Bogart and Arca’s David Nage. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and […]
Over the past years, as China seeks to achieve its own development goals, the Asian giant has been making moves to increase global access to its industries, loosening restrictions on foreign companies operating in the country. As the COVID-19 pandemic continues to sweep the world, impacting the global economy and triggering market uncertainty, an increased number of foreign businesses are reportedly investing in China, particularly favouring such sensitive industries as finance and technology, reports CNBC, citing leading independent research provider Rhodium. “Over the past 18 months, we have recorded levels of foreign M&A (mergers and acquisitions) into China that were not […]
A languid Wednesday in traditional markets affected bitcoin as well although it’s been a steady six weeks where the world’s first cryptocurrency outperformed most traditional assets. Bitcoin (BTC) was trading around $9,265 as of 20:00 UTC (4 p.m. ET), slipping 1.3% over the previous 24 hours. At 00:00 UTC on Wednesday (8:00 p.m. Tuesday ET), bitcoin was changing hands around $9,500 on spot exchanges such as Coinbase. It then dipped 1.6% to as low as $9,348. The price is now below its 10-day and 50-day moving averages — a bearish signal for market technicians who study charts — but with little […]
David G Leibowitz is Global Macro Portfolio Manager, CIO Lebo Capital Management, and co-founder of LeboBTC Ledger Group. I started my 39-year career as a Wall Street trader in the summer of 1981, watching the end (or the beginning, depending on your point of view) of the debt super-cycle, as Fed Chair Paul Volker raised the Federal Funds rate to 20% to cripple the 1970s energy-led inflationary spiral. Central bank actions – the raising and lowering of interest rates to fuel lagging economies or tame overly strong ones – were the backbone of my ability to identify trends, articulate value and […]
Bitcoin has entered the seasonally bullish month of June on a positive note, but its recent gains look pale compared to that of ether (ETH), as the Ethereum blockchain approaches a key new iteration. Bitcoin, the top cryptocurrency by market value, rose by over 8% last week and ended May with a 9.5% gain. That came after bitcoin jumped by nearly 35% in April, according to CoinDesk’s Bitcoin Price Index. Meanwhile, ether’s price rose by 16% last week and 12% for the month of May. Growth in ether’s non-price metrics, too, has been impressive compared to those for bitcoin. For instance, […]
US Firms Shield CEO Pay As Pandemic Hits Workers, Investors By Jessica DiNapoli and Ross Kerber, Reuters. May 31, 2020 US Firms Shield CEO Pay As Pandemic Hits Workers, Investors2020-05-312020-05-31https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/whpng-e1590953388840.png200px200px Above photo: Christopher Nassetta, the President and CEO of Hilton, participates in a meeting between U.S. President Donald Trump and tourism industry executives on coronavirus (COVID-19) response within the Cabinet Room of the White House in Washington, U.S., March 17, 2020. Reuters/Leah Millis/File Photo. New York/ Boston – Sonic Automotive Inc (SAH.N), which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed […]
With bitcoin’s price losing altitude again, small investors appear to be seeking exposure to the top cryptocurrency by market value. Prices fell by 9.8% last week to register bitcoin’s biggest weekly decline since the second week of March, according to CoinDesk’s Bitcoin Price Index. A two-week low of $8,630 was registered early on Monday, with prices last seen at $8,730 – down over 11% from the post-halving high of $9,960 registered on May 18. Despite the price drop – or perhaps because of it – the number of addresses holding smaller amounts of bitcoin has continued to rise. The number of unique […]
Famed Silicon Valley venture capital firm Andreessen Horowitz (a16z) stirred up some discussion last week by dividing crypto history into cycles that look something like this: The price goes up, which leads to new interest, which triggers new ideas and use cases, which leads to new startups and funding, which leads to product launches that bring in more people. Rinse and repeat. This would pass as a simple “hunh, cool” if it weren’t for their recent fund raise. Crypto Fund II hoped to reach $450 million; in April, the firm announced that the raise closed at $515 million. Given that […]
Investors in Telegram’s TON project are in discussion to sue the company after it abruptly shuttered the blockchain effort earlier this week, according to four individuals familiar with the situation. It’s not the ambitious project being shut down that upset investors but the options they were given: Take back 72% of their investment immediately, in accordance with a contract amendment from 2019, or loan the funds to Telegram for a year and get back 110% in April 2021. Telegram spent $405 million from the $1.7 billion token sale proceeds developing both TON blockchain and its messaging app, but those expenditures brought […]
According to a press release, Miami resident Daniel Fingerhut; Israeli nationals Tal Valariola and Itay Barak; and the latter two’s companies Digital Platinum Limited, Digital Platinum Inc. and Huf Mediya conducted a five-year-long trading scheme, promising investors massive profits without actually delivering between 2013 and 2018. The alleged fraud took place in two phases, with the first offering binary options services and the second involving digital assets like bitcoin and ethereum. The CFTC named a number of other entities and individuals it claims are affiliated with the defendants. “The fraudulent solicitations promised free access to automated trading software that purported to […]