Cost basis is the original value of an asset, usually the purchase price, adjusted for stock splits, dividends and returns of capital. The cost basis is used to calculate returns on an asset or portfolio and, for tax purposes, capital gains.
What is the Crapo Bill? The term Crapo bill refers to an economic bill signed into law in 2018 that loosens some of the Dodd-Frank Act restrictions on Wall Street reform and consumer protection. The bill, officially called the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2115), was sponsored by Mike Crapo, a U.S….
Bitcoin (BTC) first drew attention to the proof-of-work (PoW) consensus algorithm, a process that demonstrated users could maintain a secure, decentralized blockchain if only at the expense of large amounts of energy. As history would have it, Bitcoin grew in popularity and faced trouble scaling to accommodate the sheer number of transactions needed. Recognizing the…
Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M’s featuring content from the Bored Ape Yacht Club (BAYC). KINGSHIP is a group made up of three BAYC NFT hodlers and one Mutant Ape Yacht Club (MAYC) owner. As part of the deal, the avatars depicted…
Coinbase Global (COIN), the parent company of the largest crypto exchange in the United States, launched a new crypto-derivatives exchange in Bermuda, to trade products that aren’t allowed in the U.S. amid a lack of regulatory certainty. Key Takeaways Coinbase has opened a new, international exchange for trading crypto perpetual futures in Bermuda. Perpetual futures…
Live Rachel Morgan Cautero worked as an energy reporter at a daily newspaper during the height of the fracking craze, editor of several luxury lifestyle publications, and even as a reporter and several major publications in New York City. (She even interviewed Melania Trump once, but that’s another story.) Currently, her job is to help…
How Financial Advisors Manage Small Business Assets Areas of Asset Management Tasks Optimizing Cash Flow: Track income and expenses. Forecast cash flow to anticipate shortfalls and surpluses. Strategize over ways to improve cash flow, such as negotiating better payment terms with suppliers or offering discounts for early customer payments. Investment Management: Identify investment…