Finance

What is a credit card dump? A credit card dump is a type of crime in which the criminal makes an unauthorized digital copy of a credit card. This type of crime has been around for decades, but has seen greater public awareness in recent years due to the growing prevalence of credit card forgery,…

Voyager Digital Holdings’ committee of unsecured creditors has filed a motion to object to the firm’s proposal to keep its employees by paying them monetary awards for staying in the company. On August 2, Voyager Digital filed a motion to the United States Bankruptcy Court in the Southern District of New York to approve the…

China’s economy has grown at a breakneck pace over the past few decades to become the second largest in the world, as measured by nominal GDP. China, the most populous country in the world, has long been a manufacturing and exporting powerhouse. But the COVID-19 pandemic in 2020 reduced China’s growth in the short term….

Fidelity Investments is the nation’s fourth-largest mutual fund manager with more than $4.3 trillion in assets under management, as of March 31, 2022, the most recent information available. Fidelity serves 40 million individual investors through more than 500 mutual funds and ETFs. A fund’s quality can be approximated using Morningstar’s star ratings, which range from…

On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was revealed that the project had just as little as 15 wrapped Ether (wETH) worth $23,715 to pay back lenders. Approximately 15,000 ETH was lent using…

What is Premium Income? Premium income can refer to the proceeds an investor derives from writing (selling) options contracts or the income an insurer derives from payments from policyholders. In both cases, premium income comes from the sale of risk protection to a buyer. Investors can sell options for premium income through several strategies that…

What is the Indonesian Rupiah (IDR)? The Indonesian rupiah (IDR) is the official currency of Indonesia, a Southeast Asian country made up of thousands of small islands. Indonesia was a Dutch colony until 1942 when it was invaded by Japan during World War II. After the war, Indonesia gained independence in 1945. The rupiah was…

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…

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…