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The total value locked in decentralized finance (DeFi) projects is hovering around $62 billion as of mid-August, down from a peak of over $250 billion in December 2021. Capital is fleeing the crypto space amid war, soaring inflation and whatever other surprises 2022 may still have in store for us. However, unlike previous crypto bull runs, it was not just …

Everyone needs food, but agricultural production tends to be concentrated in the larger countries as well as those with the most accommodating climate in their growing areas. Population size is also crucial because most agricultural production is still consumed locally or locally, despite the rapid growth of international trade in agricultural products, The four major food-producing countries in the world …

What is intellectual capital? Intellectual capital is the value of the knowledge, skills, business training of a company’s employees, or any proprietary information that can provide the company with a competitive advantage. Intellectual capital is considered an asset and can be broadly defined as the collection of all informational resources available to a business that can be used to generate …

“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, accepting payments and interacting with …

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 the Northern District of Illinois. …

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 also higher than expected. Both …

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 on Thursday, the government agency …

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 that bank charges a fee, …

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 6% by the end of …