Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities. In a Friday filing with the Southern District of New York court, Chastain’s legal team from Greenberg Traurig filed a…

Investor sentiment remains near multi-year lows after the worst first half of the year for markets in fifty years, but the recent rally from mid-June lows may ease investor anxiety. That’s according to Investopedia’s latest survey of reader sentiment for our daily newsletter. While 55% of respondents say they are at least somewhat “worried” about…

As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most recent episode of NFT Steez, Alyssa Expósito and Ray Salmond spoke with Aron Beierschmitt, the CEO of Laguna Games and founder…

Within the spectrum of financial instruments, preferred shares (or “preferreds”) occupy a unique place. Due to their characteristics, they straddle the line between stocks and bonds. Technically, they are equity securities, but they share many characteristics with debt securities. Preferred shares are sometimes called hybrid securities. In this article, we take a look at preferred…

What is relationship banking? Relationship banking is a strategy used by banks to build customer loyalty and provide a single point of service for a range of different products and services. A bank customer may start with a simple checking or savings account, but relationship banking involves a personal or professional banker offering products designed…

The European stock markets and the United States equities markets are both deep in the red on Aug. 22 as investors fear that aggressive rate hikes may not be off the table. Another thing keeping investors nervous could be the upcoming Jackson Hole economic symposium, which is scheduled to begin on Aug. 25. Investors are…

When working with an individual client, a financial advisor should consider the client’s willingness and ability to take risk. Every situation is different: some wealthy clients may be risk averse, while those with fewer assets may be hungry for a chance at high returns. An appropriate portfolio must take into account both the will of…

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Bitcoin (BTC) drifted near $21,000 on the Aug. 22 Wall Street open as the new week began without a rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView European commodity surge hammers euro Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to summon a comeback after last week’s 11.6% losses. The pair put in…