Month: August 2021

The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also has the option to purchase an additional 180,000
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Jeff Hyland, co-founder of Beverly Hills-based Hilton & Hyland luxury brokerage and Forbes Global Properties (launched December 2020), is an internationally recognized expert on luxury real estate. Hyland launched Hilton & Hyland in 1993 with Rick Hilton. Together, they have grown the business into a global name and Los Angeles’ top luxury real estate brands.  With a 2020 annual
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FTX.US, the United States-based affiliate of Sam Bankman-Fried’s cryptocurrency exchange FTX, is acquiring crypto derivatives platform LedgerX for an undisclosed amount. FTX.US’ owner West Realm Shire Services announced on Aug. 31 that the company had executed a sale and purchase agreement to acquire LedgerX’s parent company Ledger Holdings. The deal is expected to close, pending satisfaction
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Municipals were little changed to a touch weaker on Monday, underperforming a slightly better U.S. Treasury market while the S&P 500 and Nasdaq rallied. The New York City Transitional Finance Authority priced $950 million of future tax-secured bonds for day one of a two-day retail order period. Nearly all categories of municipals appear poised to
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Puerto Rico Gov. Pedro Pierluisi is expanding the Earned Income Tax Credit program for the island, which along with another expansion of a federal program, will likely aid the island’s economy, experts said. The federal government will provide $612 million a year for 10 years for the expanded credit, if the local government continues to
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The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange. Dubai is likely to benefit from the expanding crypto market in the Middle East as local regulators increasingly accept blockchain-related technologies, Stonberg said in a Sunday Bloomberg interview. The UAE
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Speaking in a recent interview, subprime short investor and billionaire portfolio manager John Paulson criticized the volatile nature of digital assets, while advocating for investments in traditional safe-havens such as gold. The co-founder of Paulson & Co, a New York-based firm launched in 1994, Paulson was a historic beneficiary from the U.S. housing financial market collapse
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The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as he prefers to call them, are not currencies because they fail to meet the standard of what constitutes a currency. Crypto and the Currency Test
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