Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet. Nailwal’s venture firm, Symbolic Capital, is backed by cryptocurrency protocols, exchanges, crypto-focused auditing firms and other venture capital investors, the company disclosed Thursday. Symbolic’s fund has…
The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs are designed to take advantage of the hype behind cryptocurrency booms to beguile impressionable investors. Ponzi schemes have become rampant in the sector primarily due to the decentralized nature of blockchain technology which…
What is watered stock? Watered-down stocks referred to shares of a company that were issued at a value far in excess of the implied value of a company’s underlying assets, usually as part of a scheme to defraud investors. The last known case of watered-down stock issuance occurred decades ago, as the structure and regulation…
What is term to maturity? The term to maturity of a bond is the length of time the owner will receive interest payments on the investment. When the bond matures, the principal is repaid. Key points to remember The term to maturity of a bond is the period during which its owner will receive interest…
American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression. The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Tuesday. A key talking point was the potential of…
If you’re looking to buy or refinance a home, you’ll find a wide range of mortgage lenders to choose from. They offer many similar products, but the details are slightly different in each case. How to find the right one for you? To help you narrow down the field, we’ve researched the most important characteristics…
What is water damage liability insurance? Water damage liability insurance refers to a type of policy that provides financial protection to a person or business that unintentionally causes water damage to the property of another. For individuals, water damage liability insurance and its cost are usually included in renter’s, homeowner’s and condominium’s insurance policies. Key…
Following United States President Joe Biden’s announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin (BTC) supporter proposed an alternative method to pay off the loans. Dennis Porter, the CEO of the non-profit organization called Satoshi Action Fund, tweeted that there’s…
Citi Mortgage is the mortgage lending subsidiary of Town, a global financial services company. It offers a variety of mortgage products to buy or refinance your home, including conventional, jumbo, FHA, and VA loans. The benefits explained Relationship pricing for Citi customers: New and existing Citi customers can qualify for lower interest rates or a…