Finance

Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the …

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What are primary reserves? Primary reserves are the minimum amount of cash legally required to operate a bank.Primary reserves also include legal reserves housed at a Federal Reserve Bank or other correspondent bank. Uncashed checks are also included in this amount. The legal primary reserve requirement may or may not be the binding constraint on banks’ ability to increase the …

Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin (BTC) continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge. Speaking on CNBC’s Squawk Box on Monday. the global investment management CEO said Bitcoin was still too much of “an early adopting technical asset” which would …

Beneficiary selection is one of the key elements of estate planning: without the right name on the right dotted line, assets can end up in the hands of those the deceased did not intend to receive. All assets need the correct beneficiary(ies), usually dictated by a will. A person who inherits the assets of the original owner’s Individual Retirement Account …

Live Tom Barkley is a seasoned writer and editor specializing in the global economy, financial markets and the environment. For 15 years at Dow Jones and The Wall Street Journal, Tom covered a range of financial markets and policy issues. He helped lead coverage of the 2008 global financial crisis as the Washington bureau’s senior international trade and finance reporter. …

After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls’ dream of recouping the $1.2 trillion support, last seen on June 10, became even more distant. Total crypto market cap, USD billion. Source: TradingView The worsening conditions are not exclusive to crypto markets. The price of WTI …

Imaginez si l’épicerie, le fournisseur de téléphonie mobile et la plus grande entreprise nationale de construction appartenaient tous à la même entreprise. Vous pouvez acheter à peu près n’importe quoi et ne jamais avoir à enrichir des concurrents. C’est essentiellement la situation au Mexique, où réside l’une des personnes les plus riches du monde, Carlos Slim Helú. Comment il a …

What is negative arbitrage? Negative arbitrage is the lost opportunity when bond issuers take on the proceeds of debt offerings and then hold that money in escrow for a period of time (usually in cash or short-term cash investments) until that the money can be used to finance a project or to repay investors. Negative arbitrage can occur during a …

According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person’s poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019. The patent consists of a data generation request upon user submission that a person has gone missing. The proposal is …