Share to Twitter Share to Linkedin Alex Konanykhin is a brave soul. He started a cryptocurrency project at the start of a war in Ukraine, decades-high inflation in the U.S. and Europe, Fed monetary tightening, and the potential for food shortages driving up commodity prices. He seems to have anticipated the meltdown of the traditional coins as his February 23 press release touts Unicoin as the “solution to the high volatility of cryptocoins.” His idea stems from a notion popularized by Warren Buffet, a famous Bitcoin BTC bear, who said that cryptocurrency has no value because it isn’t backed by anything. Cryptocurrencies are not backed by the good faith and credit of a nation, let alone the start-up founders or their venture capitalist investors. It isn’t backed by hard assets either. It’s not like Dogecoin DOGE is backed by Shiba Inu SHIB dog breeders or anything – less dogs, higher Doge. It’s literally a joke coin worth tens of billions … [Read more...] about Brave Souls: ‘Unicorn’ Crypto Project Ties Value To Equity In Emerging Growth Companies
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Share to Twitter Share to Linkedin Back in the mists of time - 2017 to be precise - the then Business Secretary Greg Clark announced ambitious plans to catapult Britain to the forefront of the global electric vehicle battery manufacturing industry. At the heart of his initiative was the establishment of the Faraday Challenge - essentially a series of government-sponsored competitions designed to promote research and development. This was good news for startups working in the field. So, how are things going five years on? Well, according to a report published this week by the Green Finance Institute , there is still a window of opportunity for the U.K. to become a significant player in this market. But - and this is a very big but - that won’t happen without finance. As things stand at the moment, the EV battery industry is worth around $41 billion with China holding about 85 percent of the market share. According to the GFI report, the market value is … [Read more...] about Upping The Voltage: Why Britain’s Electric Vehicle Battery Startups Need Financial Support
Reverse mortgages can provide much-needed cash for seniors whose net worth is mostly tied up in the value of their home. A reverse mortgage is a loan for homeowners who are age 62 or older and have considerable home equity . It allows these seniors to borrow money against the value of their home and receive funds as a lump sum , a fixed monthly payment, or a line of credit . The entire loan balance becomes due and payable when the borrower dies, moves away permanently, or sells the home. However, there have been some issues associated with reverse mortgages. Aside from the potential for scams targeting the elderly, reverse mortgages have some legitimate risks . Despite recent reforms, there are still situations when a widow or widower could lose the home upon their spouse’s death. There also have been instances in which reverse mortgages have been advertised using false claims. For example, a California-based reverse mortgage broker falsely told potential … [Read more...] about What’s Prohibited in Reverse Mortgage Advertising?
The Capital Market Supervisory Board (CMSB) under the Securities and Exchange Commission (SEC) has resolved to disallow securities-issuing companies or "investment companies" from offering new securities to the public to protect investors' interests. Ruenvadee Suwanmongkol, secretary-general of the SEC, said the resolution at the board's most recent meeting on Tuesday is to prevent investment companies from legal infringement, including regulatory arbitrage. The board defined investment companies as companies that allocate more than 40% of their assets to passive investment, or investing without participating in management. This includes investment in securities, digital assets and futures contracts, but investment with the purpose of hedging would be excluded. Under the new ruling, only non-investment companies would be able to offer newly issued securities to the public. However, financial businesses are exempted from the ruling, including commercial banks, financial … [Read more...] about Investment firms in the crosshairs