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At least two entities invoiced Telegram for commissions from selling the company’s tokens in the summer of 2018, months after the company’s initial coin offering (ICO), newly released documents show.  The U.S. Securities and Exchange Commission (SEC), which filed the documents Friday in its ongoing court case against Telegram, said the evidence of post-ICO sales
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LedgerX announced Friday that co-founder and former chief technology officer Zach Dexter has been named the new CEO of the bitcoin derivatives company. The company suspended CEO Paul Chou and COO/CRO Juthica Chou last month, with no explanation. The two were also co-founders of the company. Depository Trust and Clearing Corporation vice chairman Larry Thompson
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Investment management fees for exchange traded funds (ETFs) and mutual funds are deducted by the ETF or fund company, and adjustments are made to the net asset value (NAV) of the fund on a daily basis. Investors don’t see these fees on their statements because the fund company handles them in-house. Management fees are just
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Former Deutsche Börse chief financial officer Thomas Eichelmann has been named new chairman of Wirecard after his longstanding predecessor Wulf Matthias resigned “for personal reasons” with immediate effect, the German payments provider announced on Friday night.  Wirecard has been facing questions over its accounting practices for months after the Financial Times reported concerns raised by
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California Gov. Gavin Newsom prioritized programs to combat homelessness, prevent wildfires and make healthcare more affordable as he unveiled his $222.2 billion 2020-21 budget Friday. The expansive budget included much more than his stated trio of priorities. The budget proposal anticipates a surplus for the seventh time in eight years even as spending increased by
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The iShares Dow Jones US Home Construction ETF (ITB) is trading within two points of 2018’s bull market high after east coast builder Lennar Corporation (LEN) reported better-than-expected fourth quarter profits and revenues. That stock rose 5% after the news but pulled back when it guided first quarter earnings per share (EPS) just below modest
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Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved to be a reliable price indicator in the past.  The leading cryptocurrency is currently trading above $7,700, having hit eight-month lows below $6,500 in mid-December. While the bounce is encouraging, the cryptocurrency remains trapped in a six-month-long
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Do you have one of those bosses who think you should be available at all hours, making you miss your daughter’s soccer game? Having a career and life can be a challenge. Maybe it’s more money you’re after, or maybe you’re aching to work from home and avoid the cubicle nine-to-five.  Chances are that when
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A power plant with about 14% of Puerto Rico’s electrical power generating capacity will probably be down for about a year or more, the Puerto Rico Electric Power Authority executive director said. José Ortiz made the prediction about the Costa Sur power plant on Wednesday. PREPA’s Costa Sur plant, pictured, may be out of service
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Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Shares of KB Home fell more than 1.5% in extended trading after the company reported lighter-than-expected revenue for its fourth quarter. The homebuilder posted $1.31 in earnings per share and $1.56 billion in revenue. Analysts expected $1.29 in earnings per
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Lantern House Related Companies A new development along the High Line in lower Manhattan is igniting interest ahead of its imminent sales launch early this year. Being built by Related Companies, Lantern House, named for its uniquely-shaped bay windows that resemble the antique-style lighting fixture, is the first residential project in the United States from
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Visa and Mastercard are evolving into exciting, modern fintech companies. But do the stocks have strong growth and income characteristics? Visa: https://www.zacks.com/stock/quote/V?cid=CS-YOUTUBE-FT-VID Mastercard: https://www.zacks.com/stock/quote/MA?cid=CS-YOUTUBE-FT-VID PayPal: https://www.zacks.com/stock/quote/PYPL?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
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Ethereum developer Virgil Griffith has been indicted by a grand jury for conspiracy to violate the International Emergency Economic Powers Act (IEEPA) after speaking at a cryptocurrency conference hosted by the North Korean government last April. Griffith was initially arrested on Thanksgiving at Los Angeles Internation Airport after FBI Special Agent Brandon M. Cavanaugh alleged
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Stock prices tick up and down constantly due to fluctuations in supply and demand. If more people want to buy a stock, its market price will increase. If more people are trying to sell a stock, its price will fall. The relationship between supply and demand is highly sensitive to the news of the moment.
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Global investors pumped a record amount of cash into fixed-income funds for the week ending Wednesday, after the threat of war prompted them to seek shelter in safe havens. Fixed income mutual funds and exchange traded funds around the world took in $23.2bn, the largest total in data going back to 2001, according to EPFR
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If bitcoin is digital cash and ethereum is digital law, Urbit is digital land.  The highly ambitious cloud computing project imagines nothing less than a rewiring of the internet, allowing users, not corporations, to own their online identities and data. While most blockchain projects rely on Amazon Web Services and other behemoths for essential infrastructure,
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After a dramatic start to 2020, bitcoin is down today for the second straight day. Markets Daily is back with the news moving markets over the last 24 hours, plus a look at Nakamoto.com’s troubled launch and how it relates to ‘Bitcoin Maximalism’. Later, Brad breaks down a new paywalled report on the upcoming bitcoin
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