Author: SmartWealthNews.com
“Get your $TRUMP now,” came the message from America’s president-elect three days before his inauguration. The commander-in-chief’s meme cryptocurrency, the aggregate value of which has so far peaked at almost $15bn, is far from the only sign of the administration’s ardour for digital assets. One new government department (DOGE) has been christened after another meme coin. It is now quicker to list people close to the president who do not have significant financial interests in crypto than those who do. For anyone not paying attention, an executive order on January 23rd made things clear: digital assets, it announced, would play…
Trump’s $500 billion AI project is smoke and mirrors — and bad economics. China’s AI thunderbolt doesn’t help. Source link
Cboe BZX Exchange Inc. filed 19b-4 with the U.S. SEC, a proposed rule change to amend the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH) to permit in-kind creations and redemptions. According to the 19b-4 form, the ARK Bitcoin and 21Shares Ethereum ETFs will now be allowed to process creations and redemptions in-kind rather than in cash only. All other representations will remain unchanged. Nate Geraci, president of the ETF Store Inc., explained that individuals (retailers) will not be able to do in-kind creations and redemptions. Only authorized participants (APs) will have access to the service. …
New stamp duty rules are set to come in from April which could catch out many homebuyers and leave them paying thousands more than planned. Currently, first-time buyers do not pay any stamp duty on homes costing up to £425,000, while the threshold for other buyers is £250,000. But from 1 April 2025, the threshold for first time buyers will drop to £300,000. Meanwhile for buyers who are not first-time purchasers, it will be slashed in half to £125,000. Home buyers will need to act by the start of February to have a chance of beating the costs, writes property expert…
Gold is one of the largest financial assets in the world with an average daily trading volume of $183 billion, and its value has seen explosive growth in recent years. At the start of 2000, gold was priced at just $460 per ounce when adjusted for inflation. By August 2021, that number had ballooned to roughly $1,815 per ounce. But not all investors are in love with gold. Warren Buffett has spoken out numerous times on his doubts, calling it an asset with “no utility.” “It doesn’t produce anything and that’s why from a long-term perspective, it’s a hard asset…
This article was written byFollowAbout My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I’ve been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.Analyst’s Disclosure: I/we have no stock,…
AT&T’s stock is rising after the company’s fourth-quarter earnings Monday showed 482,000 postpaid phone net additions Source link
Robert Kiyosaki highlighted Gresham’s and Metcalfe’s Laws as the key to Bitcoin’s value. The U.S. government’s growing Bitcoin reserves may boost demand and influence market trajectory. As Bitcoin [BTC] continues to gain traction, Robert Kiyosaki, renowned financial analyst and author of the book “Rich Dad Poor Dad,” highlighted BTC’s superiority over the U.S. dollar. Robert Kiyosaki on Bitcoin vs. U.S. dollar In a recent X post, Kiyosaki underscored his optimism for the cryptocurrency, citing Gresham’s Law and Metcalfe’s Law as fundamental principles reinforcing Bitcoin’s long-term value and utility. Beginning with Gresham’s Law, he explained, “When BAD money enters a system…
The Renters’ Rights Bill legislation that prohibits ‘bidding wars’ could have an adverse effect on the market, Goodlord chief executive William Reeve has warned. Reeve said an unintended consequence would be for landlords to ‘overprice’ their properties due to the expectation that they will be negotiated down. He added there was a similar scheme in New Zealand that was ultimately scrapped due to this effect. Reeve was speaking at a gathering of industry leaders hosted by lettings platform Goodlord, which featured NRLA chief executive Ben Beadle, Propertymark chief executive Nathan Emerson, the British Property Federation’s director of policy Ian Fletcher, and…
Prices for the American dream home have skyrocketed. The U.S. housing market has been an unlikely beneficiary from Covid-19. The pandemic encouraged city dwellers to move to the suburbs as families looked for home offices and bigger yards. “Everybody expected housing to really sort of dry up with the rest of the economy,” said National Association of Home Builders CEO Jerry Howard. “And in fact, the opposite has happened. People who have been sort of scared out of the cities by the pandemic.” With homeowners unwilling to sell, a record low supply of homes for sale has forced buyers into…