Venmo, a versatile financial application, provides a range of features, including peer-to-peer (P2P) money transfers and cryptocurrency transactions. Serving as a comprehensive financial tool, Venmo enables users to seamlessly handle transactions, including the option to participate in digital currencies like Bitcoin (BTC). The app is designed to simplify financial operations and assist users in navigating
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Receive free UK interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest UK interest rates news every morning. The Bank of England has held interest rates at 5.25 per cent after a knife-edge vote that is likely to signal the peak of borrowing costs in this cycle. Following better
Adult content creators have continued to shift towards decentralized versions of OnlyFans and Patreon, after recent payment difficulties and the ever-present threat of being de-platformed. Leon Lee, founder and CEO of Only1 — a decentralized version of OnlyFans — tells Cointelegraph there has been a recent power shift from intermediaries to content creators, thanks to
An ongoing legal battle over Florida’s attempts to take over the Miami-Dade Expressway Authority isn’t showing signs of abatement. Four years after Gov. Ron DeSantis signed off on a bill that sought to dissolve the toll road authority, known as MDX, and replace it with the state-managed Greater Miami Expressway Agency, or GMX, both parties
Municipals were steady Wednesday as U.S. Treasuries were mixed fiollowing the Fed’s decision to hold interest rates. Equities ended the trading session down. As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point
If you’re contemplating where to buy a house and settle in, you shouldn’t only take into consideration the city and state. Factors that are significant in their relation to homeowning, such as property taxes and school districts, operate on a smaller, more detailed level than the city-level. Therefore, shopping for homes in terms of ZIP
Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July. This bullish temperament is not reflected in institutional activity, however.
The U.S. Federal Reserve Building in Washington, D.C. Win Mcnamee | Reuters Today, the Federal Reserve will publish its latest economic forecasts. There will be an intense focus on the Summary of Economic Projections, which is the Fed’s own estimates for GDP growth, the unemployment rate, inflation and the appropriate policy interest rate. The summary will
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense. Applications to refinance a home loan jumped 13% last week
Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. UK inflation was lower than expected in August, falling to 6.7 per cent from 6.8 per cent in July, rather than increasing on the back of higher petrol costs. The drop in almost
Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently “under an attack.” The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice. The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT
Moody’s Investors Service revised the outlook on the New York Metropolitan Transportation Authority to positive from stable “based on the significant increase in state tax support that will offset the post-COVID ridership losses and structurally balance projected budget gaps.” The positive outlook “reflects the significant improvement in MTA’s financial forecast due to the state-authorized increase
Municipals were weaker Tuesday as triple-A yields rose in sympathy with U.S. Treasuries. Equities ended the session down ahead of the close of the Federal Open Markets Committee meeting Wednesday. Triple-A yields were cut two to seven basis points, depending on the scale, while UST yields rose four to six basis points, pushing the two-,
The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Justin Sullivan | Getty Images Check out the companies making headlines before the bell: Carnival, Royal Caribbean— The cruise lines both gained about 2% after being upgraded by Truist. The Wall Street firm moved
JLL released its Construction Trends and Mid-Year Outlook several days ago, updating its 2023 Construction Outlook published in March. The new report, with its updated set of projections, highlights several hurdles the industry faces during a time of enormous economic uncertainty. Specifically, the report examines general construction industry health, along with the state of the
Our weekly roundup of news from East Asia curates the industry’s most important developments. Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore. From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center
Receive free Canada updates We’ll send you a myFT Daily Digest email rounding up the latest Canada news every morning. Canada’s prime minister has said there are “credible allegations” that India’s government was involved in the fatal shooting of a prominent Sikh leader in British Columbia, citing intelligence from national security services. Justin Trudeau on
Municipal bonds were little changed and lightly traded along with U.S. Treasuries as participants prepare for a lighter muni new-issue week amid the Federal Open Market Committee meetings. Equities were mixed. “Investor confidence has been boosted by outsized yields not seen for more than a decade,” Nuveen Head of Municipals Daniel Close and Chief Investment Officer
Georgia Gov. Brian Kemp has suspended his state’s gasoline tax for one month as prices at the pump continue to increase. Kemp cited high fuel costs and persistent inflation when he declared a legal state of emergency last week and signed an executive order suspending Georgia’s 31.2 cents-per-gallon tax on gas and 35-cents-per-gallon tax on
Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. The partnership, announced on Sept. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press