Share to Twitter Share to Linkedin Bitcoin BTC has found its feet this year after a rocky 2022 that saw a steep price crash and the emergence of serious regulatory concerns . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has climbed to around $28,000 per bitcoin, up from under $17,000 at the beginning of the year. The combined bitcoin, ethereum and crypto market has added over $300 billion amid rising expectations of a Federal Reserve u-turn and institutional financial giants quietly expanding into crypto . Now, some of the biggest bitcoin, ethereum and crypto bulls are predicting the ongoing banking crisis that's spread to German giant Deutsche Bank could have primed bitcoin for a fresh break out. It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free … [Read more...] about ‘Massive Shock’—New Bank Crisis And $300 Billion Fed Pump Has Primed Bitcoin After Huge Crypto And Ethereum Price Rally
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Navigating New Waters, Charting Routes In The Data Lakehouse
Share to Twitter Share to Linkedin Data is fluid. Information is fluid because it moves in between applications, services, functions, tools and the database systems it resides in. Information is fluid because it is increasingly channelled in real-time in contemporary data streaming environments - and information is fluid because it is constantly changing and morphing its form, value and structure across the many types of data that we now seek to manage in business. Information is also fluid because we channel some of it into data lakes, a term used to describe the pool of largely unstructured data that a business may not make immediate use of… but does still identify as potentially valuable. From the data lake we then get the data lakehouse , a hybrid term used to denote some of the structures we would find in a more ordered data warehouse with the expansiveness and lower cost functionality of the data lake. But, finding our way around the data … [Read more...] about Navigating New Waters, Charting Routes In The Data Lakehouse
Recently Appointed Executive Chef Harrison Cheney Brings New Nordic Influence To Michelin Starred Restaurant Sons & Daughters
Share to Twitter Share to Linkedin Dining at San Francisco's Michelin-starred restaurant Sons & Daughters is an intimate experience, one in which refined hospitality and attention-to-detail meets new Nordic inspired cuisine prepared with an emphasis on both seasonality and sustainability. Recently appointed Executive Chef Harrison Cheney brings to Sons & Daughters over 14 years of formidable culinary experience, having spent a quarter of his culinary career at two Michelin-starred Gastrologik in Stockholm. Before that, he worked with acclaimed Michelin-starred chefs Phil Howard at The Square in London and Michael Tusk at Quince, and at The Ledbury at Notting Hill. Since becoming Executive Chef, he's introduced an impressive 18 course tasting menu that truly takes diners on a culinary journey, one that takes ingredients at their very peak of ripeness and refines them in exceptional ways that bring out the essence of their being. An example? The … [Read more...] about Recently Appointed Executive Chef Harrison Cheney Brings New Nordic Influence To Michelin Starred Restaurant Sons & Daughters
CFTC Sues Binance for “Willful Evasion” of Federal Law; CEO Unfazed
The Commodity Futures Trading Commission filed suit Monday against Binance CEO Changpeng Zhao (CZ) and three entities that operate the Binance platform, charging them with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. Key Takeaways According to a suit filed by the CFTC in the U.S. District Court for the Northern District of Illinois, Binance solicited U.S. users for millions in revenue. The complaint names Binance, its CEO Changpeng Zhao, and its former compliance officer Samuel Lim. Prices of both Bitcoin and BNB dropped after the lawsuit was announced. CEO Changpeng Zhao appears unfazed. In its complaint, the derivatives regulator said Binance failed to comply with its obligations by not registering properly. As part of the complaint, Binance's former compliance officer, Samuel Lim, is charged with aiding and abetting Binance's violations. The CFTC has been investigating Binance since at least 2021 for failing to prevent … [Read more...] about CFTC Sues Binance for “Willful Evasion” of Federal Law; CEO Unfazed
How Starbucks’ New CEO Is Trying To Brew Employee Trust
Share to Twitter Share to Linkedin When Starbucks’ incoming CEO, Laxman Narasimhan, joined the company last October, he made an interesting (but very deliberate) choice about where to spend his time. Narasimhan donned one of the company’s signature green aprons and proceeded to attend 40 hours of training to become a certified Starbucks barista. When he officially took over the reins as CEO in March, Narasimhan indicated that he’d continue to serve as a barista for four hours a month, each time in a different Starbucks location. (He also pointedly noted that he expected his senior executives to do the same.) How and where a new CEO (or any leader, for that matter) spends their time says a lot about their priorities. You’ll typically find new, public company CEOs visiting with institutional investors, meeting with Wall Street analysts, huddling with the Board of Directors, etc. But attending a full week of frontline staff training? That’s generally not on … [Read more...] about How Starbucks’ New CEO Is Trying To Brew Employee Trust
Year-End Tax Tips After Crypto’s Dismal 2022
Share to Twitter Share to Linkedin What Happened It has been a rough 2022 for cryptocurrency holders who had to face the collapse of luna and its associated stablecoin terraUSD, the meltdown of several digital-asset exchanges, and a brutal financial winter that cut the market value of all coins and tokens to $800 million from the January high of $2.4 trillion. With the year coming to an end, U.S. investors–most of whom are likely to be sitting on losses – have some room to optimize their tax situations and get ready for the upcoming filing season. Anyone following crypto knows how volatile the market can be. Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices. Key Concepts Below are some strategies and best practices you can follow before the end of the year to save on taxes and have a smoother filing experience in … [Read more...] about Year-End Tax Tips After Crypto’s Dismal 2022
Savers And Investors Are Flocking To Money Market Funds.
Share to Twitter Share to Linkedin Cash has been crowned king yet again. Investors and savers are piling into cash as a safe haven from the banking turmoil that has rocked the industry these last few weeks. Since the collapse of Silicon Valley Bank (SVB), investors have transferred over $300 billion into money market funds bringing the total to a record-breaking $5.4 trillion . Until recently, money market funds didn’t produce enough returns to lure investors away from the stock market or depositors away from savings accounts. For the last 10 years, the S&P 500 had an average yearly return of 9.82%. Compare that to Vanguard’s VMFXX 0.78% return and it’s no wonder catchy phrases like “cash is trash” caught on with investors. No too long ago, keeping more than three months of expenses in a savings account was considered unwise because of the opportunity cost compared to investing. However, nothing lasts forever. In times of market uncertainty and … [Read more...] about Savers And Investors Are Flocking To Money Market Funds.
Elon Musk Expects About $20 Billion Loss on Twitter Investment
Twitter may be worth half of what Elon Musk paid for it, a sign that the social platform's legal struggles could be taking a toll. Key Takeaways Elon Musk has said Twitter can be profitable as early as the second quarter. In a leaked memo, Musk said the company was worth $20 billion. The company is facing costly legal battles as former employees, vendors, and regulators. Regulators in the U.S. and European Union are also unhappy with the social media firm's practices. Musk claims Twitter can be profitable by the second quarter after he made sweeping changes to the company after he purchased it last year for $44 billion. However, the Tesla ( TSLA ) founder said the company is likely worth half that figure, in a memo reviewed by the Wall Street Journal Sunday. Twitter is facing headwinds from advertisers as they pull back in an uncertain economy, dragging down the company's valuation. Changes made under Musk's guidance have also shaken the confidence of … [Read more...] about Elon Musk Expects About $20 Billion Loss on Twitter Investment
The Diminishing Returns Of Tighter Fine Particle Standards
Share to Twitter Share to Linkedin Justice Stephen Breyer warned in 1993 that “well-meaning, intelligent regulators, trying to carry out their regulatory tasks sensibly, can nonetheless bring about counterproductive results” by trying to exorcise the “last ten percent” of a pollutant, even as the costs of doing so soar. The Environmental Protection Agency’s (EPA) recent proposal setting National Ambient Air Quality Standards (NAAQS) for fine particles (PM 2.5 ) may be the poster child for that warning. It chases diminishing marginal returns while constraining investments in activities important for other goals, including modernizing infrastructure and combatting climate change. Section 109 of the 1970 Clean Air Act requires EPA to set primary NAAQS at a level that is ‘‘requisite to protect the public health” with “an adequate margin of safety.” The statutory language Congress penned more than 50 years ago is less than 700 words long, but it has spawned … [Read more...] about The Diminishing Returns Of Tighter Fine Particle Standards
Putting The 2022 Stock Market Decline In Perspective
Share to Twitter Share to Linkedin Jonathan Dash is founder of Dash Investments . As CIO, he is responsible for the firm’s Investment Management and Asset Allocation decisions. Last year's stock market performance was not what anyone would have wanted, but it was to be expected. For those keeping score, it was the largest yearly decline since 2008 . That could be catastrophic for someone who initially invested in January 2022 with just a one-year time horizon. But most investors don't invest for a one-year period. They invest with their sights set on a long-term goal 10, 20 or 30 years out. But even for someone who started investing just three years ago, their average annual return at the end of 2022 would have been 8.22% . For someone who began five years ago, their average annual return would have been 9.11% . A 10-year horizon ending in 2022 would have generated a 12.4% average annual return. You see where I'm going with this. In a … [Read more...] about Putting The 2022 Stock Market Decline In Perspective