Finance

Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam nonfungible tokens (NFTs) sent by scammers. According to a Thursday blog post from the Phantom team, the new feature is accessible via the Burn Token tab in the Phantom wallet app, allowing users to receive a minuscule deposit of Solana…

Telecommunications companies use various technologies to transmit information globally. Some of the largest companies in the telecommunications industry provide landline and wireless telephone services, as well as data and video Internet communications. The telecommunications industry is changing rapidly. Traditional technologies such as the landline telephone, radio and television once dominated the world of telecommunications, but…

After Intel (INTC) and Qualcomm (QCOM) reported disappointing results, semiconductor company Advanced Micro Devices (AMD) is expected to report results later today. The company is expected to report higher revenue and net profit in the second quarter as shipments improve on easing supply chain bottlenecks and buoyant demand for chips. The consensus estimate is AMD…

FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a “high-risk activity” prohibited by the exchange. Reports of blocked transactions on FTX began appearing…

A crucial part of investing is managing the amount of tax you will have to pay on your winnings. Taxes are sometimes overlooked or an afterthought, but capital gains (depending on the type of security and the period of ownership) can have a significant impact on investment results. Different types of capital gains are taxed…

What is a Prospectus? A prospectus is an official document required and filed with the Securities and Exchange Commission (SEC) that provides details of an investment offer to the public. A prospectus is filed for stock, bond and mutual fund offerings. The prospectus can help investors make more informed investment decisions because it contains a…

An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter’s performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022. Tether had previously announced a commitment to decreasing its commercial paper holdings by the end of August 2022. Data from the…

Profits, debt and assets are the building blocks of any public company’s financial statements. For disclosure purposes, the companies break these three elements down into more precise numbers that investors can review. Investors can calculate valuation ratios from these to help compare companies. Of these, book value and price-to-book ratio (P/B ratio) are must-haves for…

What is face value? Par value is a financial term used to describe the nominal or dollar value of a security, as quoted by its issuer. For shares, the par value is the original cost of the share, as shown on the certificate. For bonds, this is the amount paid to the holder at maturity,…