Bitcoin briefly dropped below the $90,000 mark on Monday as investors continued to dump growth-oriented assets such as crypto and tech stocks. The price of the flagship cryptocurrency fell nearly 1% at $93,737.97 to start the week, according to Coin Metrics. Earlier, it fell as low as $89,259.00. Bitcoin is down 9% in the past week….
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses,…
Zinger Key Points Dr. Robert Murphy, the chief economist at Infineo, shared his thoughts on the evolution of blockchain in life insurance and the broader financial landscape during the Benzinga Fintech Awards, where his company was recognized as Best Insurtech Company. Dr. Murphy highlighted Infineo’s efforts to digitize the life insurance industry and how blockchain technology could reshape it…
With Bitcoin approaching $100,000 as we go to press, many of your clients may ask if they should add cryptocurrency to their portfolios. Some may be irked that they’ve been sitting on the sidelines for so long while cryptocurrencies such as Bitcoin have gained over 100% this year (over 30% since the presidential election) and about 1,100% over the…
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years. The department store chain, which also operates Bloomingdale’s and Bluemercury cosmetics chain in addition to its namesakes stores, was expected…
