[Insider Monkey, UnSplash] In this article, we discuss the 10 penny stocks Robinhood traders are buying in 2021. Robinhood Markets, the California-based financial technology firm that owns popular stock trading application Robinhood, is expected to debut on the stock market in the coming months, targeting a record market valuation of […]
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[Axios] The U.S. is starting a national conversation arounda central bank digital currency (CBDC). Why it matters: Several other countries have already experimented with or released early versions of CBDCs. Such a pivot could aid underbanked populations, and help make banking and monetary policy more efficient. Driving the news: The Senate Banking […]
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[NBC NEWS, GETTY] The meme of an excited Shiba Inu named Kabosu is officially the most expensive meme NFT ever sold. “Doge,” the image of an excited-looking Shiba Inu considered one of the internet’s most iconic and renown memes, has sold as a nonfungible token, or NFT, for $4 million, […]
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[CNBC, Getty Images] Investors may trade cryptocurrency outside of the work week, allowing for after-hours price swings. Fluctuations happen on weekends due to less volume, margin trading and other factors, experts say. Weekend drops may have significant effects as regulators weigh long-term plans for digital currency. Cryptocurrency is known for […]
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[CNBC] Nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies, according to the CNBC Millionaire Survey. The results highlight a new generational divide in wealth creation from crypto, with younger investors able to earn vast fortunes from the surge in the prices of bitcoin, ether […]
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[CNBC, Intel] Within a decade, quantum computing is expected to be able to hack into cell phones, bank accounts, email addresses and bitcoin wallets. “The National Institute of Science and Technology (NIST) has been working on a new standard for encryption for the future that’s quantum proof,” said Fred Thiel, […]
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[The Motley Fool, Getty Images] Unlike the “people’s currency,” these companies offer tangible growth that can make investors rich. Stocks have been a wealth-creating machine for more than a century. Over the very long term, the stock market has averaged an annual return, with dividend reinvestment, of about 7%. That […]
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[CNN, Sotheby’s] One of the last gold coins ever struck for circulation in the US sold for a record $18.9 million in New York on Tuesday.The exceptionally rare 1933 “Double Eagle” is now the most valuable coin ever to appear at auction, almost doubling the previous world record, according to […]
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[Forbes] Nayib Bukele, the President of El Salvador, instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities: El Salvador made a splash this week by becoming the first country to make Bitcoin legal tender. Last night on a Twitter Spaces room hosted by […]
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[Yahoo! Finance, Shutterstock] The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: […]
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