FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer

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 on Twitter on Thursday, sometimes …

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What You Need to Know About Capital Gains and Taxes

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 at different rates, which should …

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Prospectus Definition

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 wealth of relevant information about …

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Independent Tether attestation reveals 58% decrease in commercial paper holdings

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 report revealed a 58% decrease …

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What Book Value Means to Investors

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 value investors. But does book …

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Face Value Definition

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, usually in denominations of $1,000. …

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3 strategies investors might use to trade the upcoming Ethereum Merge

The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected “hardfork” token The first strategy …

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Property Manager Definition

What is a property manager? A property manager is a person or company who is hired to oversee the day-to-day operations of a real estate unit. Property owners and investors typically hire property managers when they are unwilling or unable to manage properties themselves. The cost of hiring a property manager is often deductible from the income generated by the …

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3 Shark Tank Failures That Made Millions

CNBC shark tank brought entrepreneurs and their pitches to the airwaves, creating great television. Watching the show, it’s obvious that not everyone is cut out for the business world. It takes a lot of patience, time and of course money. But to succeed, you also need a great idea and knowing how to pitch it to investors, called “sharks” on …

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