Earlier this month, Benoit Coeure, a well-known central bank policymaker, sounded an alarm for central banks to act now on minting their own central bank digital currencies (CBDCs). In a speech, the former European Central Bank economist who leads innovation at the Bank of International Settlements (BIS) warned that rapidly mushrooming cryptocurrencies will challenge the business models of international banking — if monetary authorities don’t quickly act. As China moved on Friday to… Source link
Read More »El Salvador’s bitcoin move puts best, worst crypto impulses on display: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, September 8, 2021 A country’s embrace of bitcoin puts 2 competing crypto visions on display Tuesday marked what one observer called the “start of a new world,” as El Salvador officially became the first country to accept bitcoin as legal tender. The eagerly anticipated move is a big test of cryptocurrency’s staying power, and… Source link
Read More »Taco Bell to ‘Defy’ COVID, puts futuristic spin on new restaurant coming in 2022
Taco Bell (YUM) is stepping into the future latest restaurant design. Dubbed “Taco Bell Defy,” the food giant is doubling down on trends amplified during the COVID-19 pandemic, namely digital ordering and delivery. The location is expected to debut in Brooklyn Park, Minnesota, but won’t actually open its doors until the summer of 2022. According to the company, the new design concept was developed by Minneapolis-based Vertical Works, and includes a drive-thru experience with four lanes…. Source link
Read More »ASU puts Adam Breneman on leave amid football probe
Arizona State is facing NCAA scrutiny over alleged recruiting violations stemming from last year. (Photo by Kevin Abele/Icon Sportswire via Getty Images) The NCAA investigation into Arizona State’s football program is expanding, as sources confirmed to Yahoo Sports that the organization has begun reaching out to recruits mentioned in the dossier of documents that detailed potential recruiting violations in the Sun Devils’ program. Yahoo Sports has learned that Mark Strothkamp, a veteran of… Source link
Read More »Bitcoin Drops as Investors Buy $22K and $20K Puts
Bitcoin is falling a day after the options market saw increased demand for out-of-the-money or lower strike put options at $22,000 and $20,000. The leading cryptocurrency was trading at a three-week low of $30,700 at press time, representing a 3.5% drop on the day. The decline has flipped the crucial 50-week simple moving average (SMA) support of $32,250 into resistance. On Sunday, 500 contracts of the $22,000 put option expiring on Dec. 31 changed hands via the institution-focused… Source link
Read More »Solid Insider Buying Puts These 2 Stocks in Focus
For the retail investor, making sense of the markets and finding the right investment is naturally the key to long-term profits. For many such investors, the strategy of choice is following the insiders. While ‘insiders’ may have a bad sound, suggesting below-board dealing to score dishonest wins, it really means something much simpler, and fundamentally honest. Insiders are corporate officers, in positions of trust with their companies, and their offices give them access to information… Source link
Read More »Musk ‘trolling’ puts brakes on bitcoin’s rebound
By Tom Westbrook SINGAPORE (Reuters) -Bitcoin slipped 4% on Friday after Tesla boss Elon Musk was at it again – this time firing off a few tweets that appeared to lament a breakup with the cryptocurrency. Tesla’s big position in bitcoin and Musk’s large personal following often set crypto markets on edge whenever he tweets, and the price fell after he posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup. Musk followed that up by posting a breakup comic strip… Source link
Read More »Elon Taketh Away – Bitcoin Continues Fall as Options Traders Pile Into Puts
Most cryptocurrencies are down Monday, prompting a flurry of activity in the options markets as traders reposition themselves amid increased volatility. Bitcoin (BTC) trading around $44,211 as of 21:00 UTC (4 p.m. ET). Losing 2.8% over the previous 24 hours. Bitcoin’s 24-hour range: $42,269-$46,462 (CoinDesk 20) Ether (ETH) trading around $3,376 as of 21:00 UTC (4 p.m. ET). In the red 1% over the previous 24 hours. Ether’s 24-hour range: $3,142-$3,587 (CoinDesk 20) Bitcoin dumps, rest of… Source link
Read More »Coinbase Listing Puts Spotlight on Nasdaq As Bitcoin Booms
(Bloomberg) — Nasdaq Inc., an exchange that has never hosted a major direct listing, is about to try its hand on the most valuable company to go public using one.Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. While Slack Technologies Inc., Palantir Technologies Inc. and most recently Roblox Corp. all listed on the New… Source link
Read More »Google puts limits on which apps can see what’s installed on an Android device
Bloomberg Yellen Signals Scrutinizing Hedge Funds a Renewed FSOC Focus (Bloomberg) — President Joe Biden’s council of financial regulators signaled a sharpened focus on hedge funds and whether their trading poses dangers to markets.Treasury Secretary Janet Yellen, speaking at a Wednesday meeting of the Financial Stability Oversight Council, said the group has revived a task force on hedge funds so agencies can better “share data, identify risks and work to strengthen our financial… Source link
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