Category: Featured
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Boomer Wealth Soars as Younger Generations Struggle
Boon for Existing Homeowners Younger individuals who haven’t had sufficient time to save money or buy a home are not experiencing the same level of wealth growth. However, for existing homeowners, it has been a significant advantage. Federal Reserve data from Q3 2023 reveals that Americans aged 55 and above now own 72% of the […]
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Forge Global Sees Growing Opportunity in Private Stock Market for Employees and Investors
The Lucrative Stock Option Pool In privately held companies, employees and founders own significant percentages of the total stock option pool. Startup employees and other private company workers typically own 10% to 15% of the stock, whereas founders often have a 50% stake. The remaining shares are held by investors. For instance, when Uber Technologies […]
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Epic Games Store Breaks Barriers with Adults Only Rating for Blockchain Games
A Positive Move Towards Mainstream Acceptance Justin Edwards, head of gaming at Telos, believes that Epic Games’ decision is a positive step towards gaining mainstream acceptance and adoption of web3 games. Edwards stated, “There has been quite a bit of tension and resistance around web3 gaming from the more traditional gaming industry. This move by […]
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Space Tourism and Rocket Launch Technologies: Top Space Stocks for 2024
Virgin Galactic Holdings Inc. Justus Parmar, CEO of Fortuna Investments, an advisory company focused on space investments, believes that Virgin Galactic Holdings Inc. (SPCE) is worth paying attention to due to its market cap of $1.06 billion and cash balance of $1.1 billion. Parmar suggests that if the company can cut costs, execute successful launches, […]
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Stock Market Rally Halts with Biggest Drop in Months, Bulls Hope for Refresh
Concerns of a Shaky Foundation However, bearish investors argue that this pullback may indicate that the market rally was built on unstable grounds. The Dow Jones Industrial Average (DJIA) plummeted by 475.92 points or 1.3% on Wednesday, marking its most substantial one-day percentage drop since October 3. Similarly, the S&P 500 (SPX), which had reached […]
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2024 Crypto Market Predictions: AI-Blockchain Integration, Tokenization, and the Rise of Stablecoins
The Convergence of AI and Blockchain Technology The convergence of AI and blockchain has become increasingly prevalent in the crypto industry. Cardano’s launch of Girolamo, a generative chatbot that combines AI and blockchain, exemplifies this trend. Girolamo boasts an array of capabilities, such as image generation and interpretation. Elon Musk’s Grok AI has also captured […]
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Regulators Seek Global Crypto Oversight: FSS Head to Meet SEC Chair
Regulatory Cooperation Aims at Global Crypto Oversight Lee Bok-hyun, head of South Korea’s Financial Supervisory Service (FSS), is scheduled to discuss the regulation of cryptocurrencies with the United States Securities and Exchange Commission (SEC) chair, Gary Gensler. The upcoming meeting, set for January, aims to address the evolving landscape of the crypto market and the […]
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Former FTX CEO Denied Sentencing Delay Amid Ongoing Legal Battle
The Sentencing Delay Request Denied In the ongoing legal case against former FTX CEO Sam Bankman-Fried (SBF), United States District Court Judge Lewis Kaplan has denied a request to adjourn his upcoming sentencing hearing. SBF is currently facing multiple charges, including wire fraud, securities fraud, and money laundering conspiracy. On December 20, 2023, SBF’s lawyer, […]
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Phishing Attack on Ledger Exposes Users to Malicious Software; Tether Freezes Funds
Ledger’s Response and Commitment In response to this incident, Ledger has released a statement on a popular social media platform, X, addressing the concerns of affected users and outlining their commitment to resolving the situation. The company acknowledges that approximately $600,000 worth of assets were impacted by the phishing attack. With the utmost dedication, Ledger […]
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Reaching Highs: S&P 500 Nears Record as Global Fund Manager Sentiment Improves
Global Fund Managers Express Optimism In line with the market’s positive performance, Bank of America’s latest survey reveals that sentiment among global fund managers is the strongest it has been since January 2022. This renewed optimism is evident in the charts below, depicting the rise in fund managers’ sentiment. Despite the improvement in sentiment, the […]