New housing starts have hit a five-year low, while mortgage rates reached another record low last week. These two factors could lead to a reduction in the housing supply, which in turn will push up prices. As with the financial crisis of 2007-8, the downturn will likely have a long-term negative effect on home building. […]
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New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities. Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on Paxos’ own private version […]
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New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments. On Jan. 8, the New Hampshire House of Representatives accepted a motion from the General Court’s Executive Departments and Administration Committee stating that the tax bill was “inexpedient to legislate” and should be removed before it […]
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New Jersey Office of Homeland Security and Preparedness Director Jared Maples predicted Wednesday that domestic terrorists will increasingly turn to bitcoin. Speaking during a U.S. House Financial Services Committee monetary policy sub-committee hearing in Washington, Maples said domestic terrorists find value in bitcoin and other cryptocurrencies’ security and masked movements. “They’re seeing the effectiveness of […]
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New York Governor Andrew Cuomo wants to give the Department of Financial Services (NYDFS) more powers in regulating certain licensed entities, including cryptocurrency startups. Cuomo presented his 2020 “State of the State” report on Wednesday, a 321-page list of proposals including a new look at exemptions that currently exist for certain consumer financial products and […]
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New York City Mayor Bill De Blasio is raking in an astronomical salary as he runs for president in the Democratic primary – and lets his office sit vacant. | Source: Stephen Maturen / Getty Images / AFP You might not know it, but New York City Mayor Bill De Blasio is (still) running for […]
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NEW YORK, NEW YORK – AUGUST 31: Nick Kyrgios of Australia embraces Andrey Rublev of Russia shake after being defeated in their Men’s Singles third round match of the 2019 US Open. Blame Call of Duty for the loss. | Souce: Matthew Stockman/Getty Images/AFP By CCN Markets: Nowadays, video games are blamed for every unfortunate […]
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New data reveals Bitcoin’s true value is way less than you probably think – but that’s not necessarily a bad thing for BTC. | Source: Shutterstock Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of Bitcoin’s worth? Not much. […]
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