Stacy Hoffman

Following the Bank of England’s latest interest rate decision and updated economic forecasts, traders and investors are reevaluating their predictions for when the central bank will reduce interest rates. Previously, many had been waiting for indications that would give them insights into when cuts may commence. The Bank of England’s benchmark rate affects the…

The article discusses Bill Ackman, founder of Pershing Square Capital Management, who is known for his unconventional approach to investing by holding significant stakes in a small number of companies for the long term. Ackman’s strategy has led to impressive returns for his investors, beating the S&P 500 by almost twice over the past…

As the popularity of Bitcoin continues to grow globally, the method used to introduce it to newcomers plays a significant role in its widespread adoption. While some ardent supporters advocate for a “Bitcoin only” stance, this aggressive attitude could potentially impede discussions and dissuade prospective adopters. Instead, a “Bitcoin first” approach, which emphasizes education…

In addition to learning the Bob Ross method of painting, a new series called “The Joy of Painting with Nicholas Hankins: Bob Ross’ Unfinished Season” is providing viewers with a chance to see seven previously unseen paintings created by Ross before his death in 1995 due to cancer. These works were kept hidden for…

The U.S. Securities and Exchange Commission (SEC) proposed a little-known rule, known as SAB 121, that requires digital asset custodians to treat the assets they hold for clients as a liability on their own balance sheets and hold additional capital to offset those liabilities since 2022. The rule has been heavily criticized by the…

According to the latest bi-weekly market update presented by CoinDesk Indices (CDI), the performance of the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI) showed mixed results. Eight out of the twenty index members ended the day with higher closures compared to the previous Friday. However, there was a significant difference…

The case between Kraken and the SEC revolves around the latter accusing the former of failing to register as a broker, clearinghouse, or exchange in violation of securities laws. Kraken disputes these claims, arguing that the cryptocurrencies listed in the SEC’s complaint should instead be classified as commodities rather than securities. In response, the…

Following a prolonged downtrend since hitting an all-time high in March, Bitcoin’s recent slump has shown signs of approaching a bottom, according to market analysis firm Santiment. The company stated that traders exhibited weak “buy the dip” interest during Bitcoin’s latest decline to around $60,200. This signals the potential proximity of a bottom, as…

According to recent statistics, half of Americans who have applied for a loan or financial product since the Federal Reserve began increasing interest rates in March 2022 have been denied. This is due to banks tightening lending standards for all types of consumer loans, including credit cards, personal loans, and auto loans, according to…

The WNBA is planning on expanding to Toronto, Canada with a new franchise. The announcement was made by Canadian news outlet CBC, who cited four unnamed sources with knowledge of the deal. The Kilmer Group, led by Canadian billionaire Larry Tanenbaum, will reportedly own the team and it is set to begin playing in…