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“Art is not a thing, it is a way,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, the way is inspired by Bitcoin, its code, its philosophy and its imagery. In some cases, it’s even inspired by memes. Bitcoin has become a “lifestyle,” for some Bitcoin artists, that inspires their way of doing business,…
The United States Securities and Exchange Commission (SEC) has indicted 11 people for creating and promoting a fraudulent crypto pyramid and Ponzi scheme. The authority issued a press release on August 1, stating that the $300 million crypto-pyramid scheme involved perpetrators from multiple countries. The lawsuit was filed in the United States District Court for…
Key points to remember Adjusted EPS was 10.18 versus analysts’ expectation of $8.92. Revenue exceeded analysts’ expectations. Organic growth in assets under management over the full year is in line with analysts’ forecasts. What happened BlackRock released adjusted EPS for the fourth quarter of fiscal 2020 that beat analysts’ expectations. Revenue for the quarter was…
The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies. FDIC issued a Friday press release disclosing cease and desist letters for cryptocurrency exchange FTX US and websites SmartAssets, FDICCrypto, Cryptonews and Cryptosec. In the letters, which were issued…
The benefits explained No monthly fees on deposit accounts – CIT Bank does not charge monthly fees on its checking, savings and money market accounts. Reimburses ATM fees up to $30 per month – Since the bank does not have its own ATMs, it does not charge customers when they use another bank’s ATM. If…
It was a Friday evening in August 2011. Financial professionals were kept awake after Standard & Poor’s (S&P) announced that the US debt rating had been downgraded from AAA to AA+. The news sent shockwaves across the world, and those vibrations were felt even more the following Monday, which left the market down more than…
The pressure on crypto is growing swiftly in the Philippines. After a recent series of controversial moves from the state regulators and local think tanks, the country’s central bank published a warning to the citizens, discouraging them from engaging in any operations with unregistered or foreign crypto exchanges. The announcement itself doesn’t sound menacing but…
The benefits explained Low minimum deposit requirements – To open a BrioDirect money market account, all you need is $100. If you wish to place a larger amount in a certificate of deposit (CD), the minimum amount is $500. No monthly fees – You won’t have to worry about keeping a certain amount of money…
Key points to remember Adjusted EPS was -$2.53 versus analysts’ expectation of -$2.29. Revenue exceeded analysts’ expectations. The load factor was below consensus estimates. What happened Delta reported mixed results for the fourth quarter of 2020, with a quarterly load factor that fell short of analysts’ forecasts by a considerable margin. On an adjusted basis,…