Author: Charlotte

Bitcoin has crossed the $80,000 mark for the first time since mid-May on renewed optimism about the crypto market. The world’s biggest cryptocurrency rose about 4 per cent to reach $80,246 on Tuesday morning, according to data from CoinMarketCap.Bitcoin rallied throughout last week, although it remains well below its peak of about $126,000 hit in October. It received a boost after the US Treasury on Wednesday said it would double the size of its repurchases of long-dated securities to at least $4 billion per round over the next quarter. Washington might even further boost its Treasury buybacks.”Bitcoin’s roughly 23 per…

Treasury Secretary Scott Bessent might win points with his boss, President Trump, for his intervention in the market for U.S. Treasuries — doubling its buybacks to at least $4 billion — but he will earn no points from the bond vigilantes. The history of such market interventions is littered with failures. Given Bessent’s participation in the Soros raid on the pound in 1992, when the Bank of England and the U.K. Treasury were forced to devalue sterling, one would have thought that Bessent knew that markets have a way of outsmarting government officials. The Treasury is engaged in a new version…

Yes, the IRS taxes NFTs as property, and that single fact drives everything else. Creators who mint and sell generally owe ordinary income tax (and often self-employment tax); collectors who buy, hold, and flip owe capital gains or losses on each sale. Art-like or “collectible” NFTs may be subject to a higher long-term capital gains tax rate than the standard brackets, and marketplaces now issue Form 1099-DA, so the IRS sees more of your activity than it did two years ago. Three things to do this week: Log every transaction with a date, USD value, and wallet address. Save the…

BS EDIT: Retail derivatives: A losing proposition Business Standard Source link

8M Real Estate is said to be in talks to buy the shophouses, which are in areas such as Duxton and Tras Street[SINGAPORE] Talks are under way for the sale of a portfolio of about 50 conservation shophouses in Singapore, at a price expected to be about S$500 million.The shophouses, predominantly on sites with 99-year leasehold tenure, are in locations such as Duxton Road, Duxton Hill, Tras Street, Craig Road and Neil Road – all within the Tanjong Pagar Conservation Area.Most of the properties are understood to be on land with remaining land tenures of about 61 or 62 years.…

Subscribers of Value Research Fund Advisor can conveniently invest in the low-cost direct plan of DSP Conservative Hybrid Fund – Direct Plan through the Value Research Fund Advisor website. Alternatively, mutual funds can also be purchased directly from the respective fund house’s website. For example, DSP Conservative Hybrid Fund – Direct Plan can be bought from the DSP Mutual Fund website. In such a case, if you are investing in multiple funds from different fund houses, you will need to transact separately on each fund house’s website. The third option is to invest offline, by seeking assistance from a mutual…

Japanese financial services group SBI has led a $68 million Series C funding round for Fasset, elevating the digital asset-focused Islamic neobank to unicorn status just 90 days after its previous venture capital raise.The round values Fasset at $1 billion and brings the company’s total funding to date to over $150 million. This figure includes a $51 million Series B round closed in May.Other known investors supporting Fasset include Investcorp, Arz Portföy, and Speedinvest, alongside a number of company partners.SBI has been working with Fasset through its international transfer arm, SBI Remit, since June. This partnership focuses on the bank…

Shortly after the opening bell, we will buy 100 shares of Intel at roughly $97.97. Following the trade, Jim Cramer’s Charitable Trust will own 1,300 shares of INTC, increasing its weight in the portfolio to about 3.20% from 3%. After gaining 10% in Tuesday’s session, Intel shares are down slightly in premarket trading following a strong AMD quarter that failed to exceed a high bar. But with the AI trade on better footing and AMD confirming that central processing unit (CPU) demand is growing well beyond internal expectations, we’re scooping up more Intel shares to further build out the position…

Nigeria’s ongoing macroeconomic reforms have delivered notable improvements in key economic indicators, but the extent to which these gains are translating into stronger business activity, investment, and productive capacity remains a critical policy question. In this edition of the Economy and Politics conversation, anchored by Ottoabasi Abasiekong, Dr Muda Yusuf, CEO, Centre for the Promotion of Private Enterprise (CPPE), provides a private-sector perspective on the reforms, examining developments in inflation, GDP growth, foreign exchange stability, interest rates, and overall business confidence.While acknowledging the improvements in macroeconomic stability, Dr Yusuf notes that the benefits have been uneven across the economy, with…

September FTSE 100 futures rise 15 points Bitcoin gains 4.7% and reaches US$81,104 Gold up around 14% during August ASX 200 advances 0.7% to 9,163 Most major Asian indices trade higher 7.15 am: FTSE futures point to positive London opening September FTSE 100 futures gained 15 points, or 0.14%, to 10,898.5, pointing to a modestly higher start for London. The contract traded between 10,878.5 and 10,899.5, compared with Monday’s settlement of 10,883.5. The cash FTSE 100 closed Monday 37.76 points higher at 10,854.32. Bitcoin provided the strongest overnight move, climbing 4.7% to around US$80,700 after reaching US$81,104 – its…