Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A St Petersburg court has seized €463mn worth of assets belonging to Italy’s UniCredit, the European lender with the second-biggest exposure to Russia, according to court documents. The seizure marks one of the biggest such…
Rockaa/E+ via Getty Images By Marc Dummer, Client Portfolio Manager | Mike Reidy, Director, Client Portfolio Manager As inflation proves stickier than anticipated, the role of real assets in a diversified portfolio becomes increasingly important for inflation mitigation. Historical data and recent trends underscore that real assets not only shield against inflationary pressures but also…
CHUNYIP WONG/iStock via Getty Images Introduction After discussing Warehouses De Pauw (OTCPK:WDPSF) here on Seeking Alpha, I wanted to have a closer look at other European REITs that are flying under the radar. Montea Comm. VA (OTCPK:MONSF) also is a Belgian REIT focusing on warehouse and logistics properties, which are predominantly located in Belgium and…
Today, one of the largest bitcoin mining companies in the world in terms of hash rate, Genesis Digital Assets (GDA), announced that it will gain access to 36 MW of power from the Tarbush data center in West Texas, adding 1 EH/s to its total hash rate capacity. GDA, which was founded in 2013 and…
RiverNorthPhotography Investment Thesis T. Rowe Price (NASDAQ:TROW) is a fundamentally solid asset manager with a long track record of outperforming relative benchmarks which has led to consistent growth in assets under management. Despite short-term challenges driven by rising interest rates which as led to net outflows over the past few years, I believe interest rate…
JuSun Income stocks have largely missed out on the market rally over the past 6 months, and while it’s easy to get FOMO and want to chase high-flyers like Super Micro Computer (SMCI) or Nvidia (NVDA), I continue to prize real cash flows over paper gains on stocks with speculative valuations. Hence, I believe that…
Marhsa Blackburn (R-TN), the longest-serving United States Senator representing the state of Tennessee, will speak at the National Press Club in Washington D.C. for the second-annual Bitcoin Policy Summit hosted by the Bitcoin Policy Institute (BPI). According to a press release sent to Bitcoin Magazine, Blackburn will participate in a fireside chat focused on the…
stanciuc By Jason Callan, Senior Portfolio Manager, Head of Core and Core Plus, Co-Head of Structured Assets; Ryan Osborn, CFA, Senior Portfolio Manager, Co-head of Structured Assets As interest rates rose, U.S. consumers remained resilient due to robust balance sheets, but will this last? While cracks are beginning to appear, we see potential opportunities within…
Yuichiro Chino/Moment via Getty Images Deals and Financings I-Mab (IMAB) will become a completely US-based company with operations in Rockville, Maryland and San Diego, divesting itself of I-Mab Biopharma (Hangzhou), an unconsolidated affiliate (see story). I-Mab Hangzhou will acquire rights to I-Mab’s drug assets in Greater China (eftansomatropin alfa, felzartamab, uliledlimab, givastomig, and lemzoparlimab) for…
ismagilov By Mike Larson, Editor-in-Chief, MoneyShow Transcript Larson: Hello and welcome to our latest MoneyShow Money Masters Podcast segment. I’m Mike Larson, editor in chief at MoneyShow. And today I’m speaking with Charlie Shrem, a long-time fixture in the cryptocurrency world. He is editor of the Crypto Investor Network, a network of investors buying and…
TOLGA AKMEN/AFP via Getty Images Despite rebounding sharply over the past few weeks, shares of Liberty Global (NASDAQ:LBTYA) (NASDAQ:LBTYK) (NASDAQ:LBTYB) have had a pretty lackluster 12 months, losing around 10% of their value and underperforming U.S. telecoms (IYZ) by a decent margin in that time. Source: Seeking Alpha Liberty’s European telecoms businesses have faced a…
Rows of Solar Panels in Florida csfotoimages Emera Incorporated (OTCPK:EMRAF) (EMA.TO) (TSX:EMA:CA) is a Canadian-based electric utility often overlooked and misunderstood by utility sector investors. I have been a shareholder for almost 10 years and have followed the company since it started playing equity banker for sister Canadian utility Algonquin Power (AQN) in 2010. I…
The introduction of DeRec aims to unite the Web3 ecosystem and establish new industry standards, ensuring a painless and secure process for digital asset recovery across various wallets. Hedera and Algorand blockchains have joined forces to establish a groundbreaking protocol known as the DeRec Alliance. This new interoperability recovery standard is set to enhance the…
Tippapatt Originally published on November 21, 2023 By May Tong, CFA, Portfolio Manager, Asset Allocation; Jessica Bush, CFA, Portfolio Manager; Ben Rotenberg, CFA, CAIA, Portfolio Manager Real assets vs. nominal assets: Assessed through a three-dimensional lens Economic growth, inflation, and interest rates are key factors in assessing the performance of real vs. nominal assets. Isolating…
With about 425 million owning crypto and more than 80 percent of G20 countries moving towards enabling digital assets, Coinbase is confident the industry will unlock economic freedom to billions of users. The cryptocurrency industry has continued to evolve with the market needs and the fast-changing global regulatory landscape. The trillion-dollar industry is preparing for…
Bitcoin Maxis are patting themselves on the back after the launch of the Taproot Assets protocol for Bitcoin and Lightning. And they’re quite right to do so. Lightning Labs mainnet Alpha launch last month was big news. Up till now Ethereum and Tron dominated smart contracts. Now with this latest protocol Bitcoin is poised to…
Binance surveyed 1,172 of its registered users in jurisdictions where it is allowed to operate and found that 45 percent rely on crypto to earn an extra income. Binance Holdings Ltd, the leading cryptocurrency exchange by daily traded volume and globally registered users, recently surveyed its registered users to understand top use cases for crypto…
ridvan_celik/E+ via Getty Images My last article on Afentra plc (OTCPK:STGAF) in August 2022 looked at the sale and purchase agreements signed with the government of Angola in April 2022 for 20% of oil production block 3/05 in shallow water offshore Angola. The deal completion was much anticipated but more than a year and a…
Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets. Leading United States cryptocurrency exchange by registered users and average daily traded volume Coinbase Global Inc (NASDAQ: COIN), has continued to widen its global market reach with Binance Holdings Ltd under…
Latin America has identified that regulated, blockchain-based financial services will soon be the order of the day. The world of finance, as we have it today, has changed drastically, and stablecoins and tokenized data may be at the center of this change. So much so, that what used to be a difficult task for businesses…
The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims…
The bill shows that New Jersey is following New York’s lead by establishing a comprehensive crypto framework. A new bill in New Jersey aims to regulate digital assets and virtual currencies as securities. The bill, introduced by Democratic Assemblymember Herb Conaway, Jr., specifies the conditions under which a digital asset would be considered a security…
Richard Teng announced that Binance will remain user-focused, will work closely with regulators, and collaborate with its partners to ensure seamless adoption of crypto assets and blockchain technology. After more than 18 months, Bitcoin (BTC) price has risen above $41,000 following heightened demand by institutional investors and more crypto regulatory clarity in different jurisdictions including…
Elena Bionysheva-Abramova/iStock via Getty Images The Q3 Earnings Season has come to an end and one of the first companies to report its results was Gold Royalty Corporation (NYSE:GROY). Overall, the company had a better quarter sequentially with a lower adjusted net loss and much higher total revenue and land agreement proceeds, as well as…
At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion. A Delaware bankruptcy court has granted FTX’s administrators permission to sell the defunct exchange’s trust assets. The approval comes about four weeks after the administrators filed a motion requesting the sale of the assets as part of…
franckreporter In my thesis on United States Cellular (USM) in August where I valued the company at $5.67 billion, I had evoked the possibility of the company being acquired by either T-Mobile (NASDAQ:TMUS), AT&T (T), or Verizon (VZ), or as part of a consortium of acquirers. This was after the wireless carrier started exploring strategic…
bin kontan Almost two years ago, I recommended purchasing American Assets Trust (NYSE:AAT) for its solid business model and its expected recovery from the coronavirus crisis. No-one could have predicted that a war in Ukraine would emerge about a month after that article. Due to the sanctions imposed by the U.S. and European Union on…
Dragon Claws We previously covered Costco Wholesale Corporation (NASDAQ:COST) in September 2023, discussing its similarity to the Apple Inc. (AAPL) stock, with both stocks boasting exemplary support from existing members/ users and long-term shareholders. We had also reckoned that the COST management might soon raise its membership fees, based on its upcoming six-year anniversary, naturally…
Deutsche Börse intends to further use cloud computing to accelerate the development of its digital post-trading platform D7 and a crypto trading platform to ensure sustainable future growth prospects. The Web3 market and blockchain technology have triggered a fast shift in the global financial system from the traditional stock market to digital assets and tokenization…
The bill, if passed, will prevent undue government interference in the crypto sector, and also support self-custody wallets. A new crypto bill has been introduced to the United States Senate to give crypto holders more power over their assets. Senator Ted Budd (R-NC) introduced the “Keep Your Coins Act” to the 118th Congress on Tuesday….
Following the collapse of Terra Luna and FTX last year, the UK policymakers have committed to introducing a new regulatory regime for crypto assets and stablecoins to ensure sustainable and secure mainstream adoption. The United Kingdom policymakers have in the past year worked closely with different financial institutions and other stakeholders in formulating detailed regulatory…
Gold has played a vital role in economics and politics, influencing much of human financial activity through shifts in economic systems. It has proven versatile and stable across upheavals and social changes. It even became a vital tool in global trade and currency exchange as we know it today. In the 19th century, gold was…
Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar. Bitcoin layer-2 infrastructure firm Lightning Labs has officially launched the mainnet of Taproot Assets, a protocol that supports the issuance of stablecoins and real-world assets on the Bitcoin and Lightning networks. According to an official announcement, the mainnet release…
Bitcoin-focused company Lightning Labs has launched the Taproot Assets mainnet alpha daemon. Simply put, Taproot Assets uses Bitcoin’s technology to handle, create, and delve into stablecoins and other assets. Think of it as a modern financial tool, backed by Bitcoin’s known security and decentralized features. The current version, Taproot Assets v0.3, enables developers to transform…
The initiative follows the introduction of a roadmap proposed in a synthesis paper by the IMF and FSB, aimed at fostering international policies and regulations for crypto assets With the growing participation of investors in the crypto market, the group of G20 Finance Ministers and Central Bank Governors (FMCBG) have agreed to work on a…
The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months. The mainstream adoption of Bitcoin (BTC) by institutional investors has put the gold market on notice with a possible decoupling in the coming few years. According to a report by…
Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth…
Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31, 2023, is correct. Joel…
BlackJack3D Abstracting Crypto’s Complexities Crypto has become a divisive term, where it seems investors are either passionately supportive or dismissive of this emerging asset class. Yet we’ve also noticed that very few actually understand this technology. While Bitcoin captures the most attention, its limited use cases make it an outlier vs other digital assets. We…
DieterMeyrl Thesis Kinross Gold Corporation (NYSE:KGC) is a major gold miner with assets in the United States, Canada, Brazil, Chile, and Mauritania. KGC produces 2 million oz of gold annually from its flagship mines, Tasiast, Paracatu, and La Coipa. Kinross’s project pipeline has a Manh Choh project expected to come into production in 1H24 and…
Matteo Colombo Investment Summary Lithium was one of the many investment buzzwords of 2021—’22 when the spot price of the battery metal completed a meteoric rise of CNY 22,921/tonne to its peak of CNY 592,443/tonne by November ’22, rising some 2,480%. Naturally, the equity stock of all the lithium majors—especially the Australian names—followed in lockstep,…
samvaltenbergs/E+ via Getty Images Thesis I love mines and banks. However, investing in favorite industries is easier when approached as an art of exclusion. In other words, instead of asking why to invest, we have to ask why not to invest. Assessing a mining stock as uninventable is not a simple task. The company`s presentations…
Celsius Network was perhaps one of the worst-hit firms when the crypto winter struck in 2022. Bankrupt crypto lender Celsius Network has accused Indianapolis-based EquitiesFirst Holdings of owing it some undisclosed amounts. That is according to a September 6 adversary complaint that was filed by Celsius. Although sealed, the title of the docket under which…
JuSun Investing in stocks doesn’t have to be a popularity contest, as there is plenty of value to be had in underfollowed names. For one reason or another, these names may not share the limelight with their better-known counterparts, and that’s not a bad thing, since that creates opportunities as one can buy their overlooked…
The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers from North Korea. According…
stevelenzphoto/iStock via Getty Images Investment Thesis Thryv Holdings (NASDAQ:THRY) is the largest independent producer of Yellow Pages in the United States. It doesn’t take a genius to understand that this is a disastrous business and that it is basically a melting ice cube where time plays against it. This is exactly why I believe this…
Genesis Digital Assets (GDA), one of the worlds largest Bitcoin miners in terms of hash rate, has announced the inauguration of its new mining facility situated in the northern reaches of Sweden, according to a press release sent to Bitcoin Magazine. The data center’s capacity is currently 8 megawatts (MW), with plans for further expansion “in…
While the primary focus is on cryptocurrencies, the RCMP acknowledges the importance of including NFTs in its approach. In Canada, the Royal Canadian Mounted Police (RCMP) and Shared Services Canada (SSC) are collaborating to develop a groundbreaking digital asset solution aimed at streamlining the seizure and storage of crypto and Non-Fungible Tokens (NFTs) from multiple…
Drew Angerer Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) opened the books for the conglomerate’s Q2 2023/ 1H 2023 period on Saturday, 5th August, comfortably beating consensus expectations with $10.04 billion of operating profit. Interestingly, Berkshire posted a strong second quarter despite Buffett’s warning earlier this year that he expects the majority of Berkshire’s businesses to…
As per the preliminary audits, the estimated losses are already north of $42 million with assets worth $100 million under risk. Curve Finance, the Ethereum-based second-largest decentralized exchange (DEX) after Uniswap, suffered a major exploit on Sunday, July 30. The exploit happened typically due to a vulnerability in its programing language Vyper. Due to the…