Category: Business

Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020

A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB…

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation. Bitcoin slid to the lowest point of the year at $28,800 per unit on Thursday…

7 Financial Numbers You Should Keep Track Of

I have a laundry list of potential article ideas. About 637 of them to be exact at the time of this writing. I keep them in a spreadsheet on a tab labeled “article ideas” next to the tab where I…

Biden’s economic centrism isn’t exciting, but right for these divisive times

In an age of hyperpartisan politics, the Biden presidency offers a welcome centrism that might help bridge the divides. But it is also Biden’s economic centrism that offers a chance to cut through what has become an increasingly polarised approach…

The rise and rise of Aldi: two decades that changed supermarket shopping in Australia

Twenty years ago, on January 25 2001, a virtually unknown German supermarket chain quietly opened its first stores in Australia. The two stores – one in Sydney’s inner-west suburb of Marrickville, the other in the outer south-west, near Bankstown Airport…

World’s Largest Asset Manager Blackrock to Invest in Bitcoin Futures

Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures. Blackrock Gets Into…

Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’

A bitcoin (BTC) strategist and investor remain skeptical towards the Ethereum protocol, considering it an “unfinished product.” Lyn Alden, an advisor for the dollar cost averaging BTC investing app Swan Bitcoin, believes the network lacks a concrete model, “other than…

Millionaire Interview Update 8

Today I have an update for you from a previous millionaire interview. I’m letting three years pass from the initial interviews to the updates, so if you’ve been interviewed, I’ll be in touch. 😉 Today we chat with Millionaire 27.…

Ideology triumphs over evidence: Morrison government drops the ball on banking reform

Political pressure forced the federal government in 2017 – when Scott Morrison was treasurer – to call the royal commission into misconduct in the banking, superannuation and financial services sector. Commissioner Kenneth Hayne delivered 76 recommendations to reform the industry…

European Parliament Petitioned to Create Crypto Crime Compensation Fund

A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion. Petition’s Author Represents Victims in the Bitsane Alleged Scam Case…

The economy can’t guarantee a job. It can guarantee a liveable income for other work

When the coronavirus pandemic hit Australia in March 2020, the Morrison government took bold and imaginative action. The most notable examples were its income support programs – JobKeeper, paying a A$750 weekly subsidy to employers to keep workers on the…

Grayscale’s Michael Sonnenshein Says Institutional Investors ‘Looking for Broad Exposure’ as Company Raises $700 Million in One Day

Grayscale CEO Michael Sonnenshein says institutional investors are also exhibiting a growing interest in diversifying their investments by choosing other crypto assets besides bitcoin. Sonnenshein, who was recently appointed to the CEO position, made the comments just before the revelation…

Biden picks Warren allies to lead SEC, Consumer Financial Protection Bureau

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC). Why it matters: Both…