In 2019, Adam Moelis embarked on a mission to revolutionize the way Americans save money through his fintech startup, Yotta. However, what started as a noble endeavor soon turned into a nightmare for thousands of customers who found themselves unable to access their funds due to a dispute between Yotta’s banking partners, Synapse and Evolve
Money
The Municipal Bond market experienced a surge in issuance in May, surpassing $40 billion for the first time since 2016. The current volume of $43.957 billion in 866 issues represents a significant increase of 46.9% from the previous year. This surge in issuance can be attributed to several factors, including Federal Reserve policy uncertainty, pent-up
The Metropolitan Washington Airports Authority is gearing up to bring $829.4 million of airport system revenue and refunding bonds to the market. This strategic move comes as part of their yearly plan to either take advantage of refunding opportunities or meet new money requirements. Senior Vice President for Finance and CFO, Andrew Rountree, highlighted that
Warren Buffett, often referred to as the Oracle of Omaha, achieved some of his best returns in the early days of his investment career. He once boasted that he could easily produce a 50% annual return if he was managing only $1 million. This claim was backed by his success in the 1950s, when he
As we delve into the realm of decentralized finance (DeFi) in the year 2024, it is evident that a significant surge of capital has been flowing into this sector. According to the latest report by Binance Research, the total value locked (TVL) in DeFi has experienced a staggering 75.1% increase year-to-date, soaring from $54.2 billion
In a recent event that has caught the attention of the cryptocurrency community, a Bitcoin holder mistakenly transferred 90% of their BTC stash to an address believed to be linked to the mysterious figure of Satoshi Nakamoto. This unfortunate incident occurred when the user was trying to sacrifice an ordinal for the PUPS token, resulting
BofA’s analysis highlights a positive outlook for the Indian Rupee (INR) as the country approaches elections. Strong improvements in the current account and debt capital flows have bolstered confidence in the currency. This optimism is reflected in long INR positions and carry trades funded by low-yielding currencies. However, investor focus is now shifting towards the
In a recent statement made by Michael Saylor, the founder of MicroStrategy, he emphasized the role of Bitcoin in saving investors from the depreciation of fiat money. Saylor highlighted Bitcoin’s store-of-value status, recognizing its ability to protect wealth in a volatile economic environment. Bitcoin, the world’s leading cryptocurrency, recently surpassed the $67,000 price mark, reaffirming
Chinese authorities have recently announced new measures to support state-owned enterprises in buying unsold apartments, aimed at providing more funding for developers to complete construction on pre-sold properties. This support marks Beijing’s latest effort to address issues in the massive real estate sector. The central bank of China has pledged to provide 300 billion yuan
Interactive Brokers (Nasdaq: NASDAQ:IBKR) has recently expanded its offerings in the United Kingdom by introducing cryptocurrency trading to its platform. This new addition allows both individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK) to trade a variety of crypto assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). With