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Digital Assets: MicroStrategy’s Saylor, El Salvador’s Bukele Both Buy The Bitcoin Dip

November 30, 2021

Path-breaking corporate bitcoin investor MicroStrategy (NASDAQ: MSTR) said in a filing Monday that it purchased approximately 7,002 bitcoins for about $414.4 million in cash, or $59,187 per coin, between October 1 and November 29 – a classic ‘buy-the-dip’ operation as financial markets reel from the implications of a new, highly mutated virus.

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Peter Thiel and Others Pony Up $50M for Wind and Solar Powered Crypto Mining in Texas

October 16, 2019

Layer1 is building a chips-to-substation crypto mining facility in Texas that will run on renewable energy.
Never mind that crypto mining is best undertaken in cool climes – Iceland, for instance. But Layer1 has an ace up its sleeve – a proprietary new technology for cooling the chips that mine cryptocurrencies. So the Layer1 crypto mining facility lies 150 miles west of Midland, Texas.

Is WeWork running out of money? Yes.

Is a WeWork Bailout on Tap?

October 16, 2019

A WeWork bailout could be coming from JPMorgan or Softbank. Two weeks after the office-sharing giant pulled its IPO, its cash position has deteriorated. CNBC reports that the two banks are examining a plan to offer debt and equity to WeWork.

French Pension Fund Dodges U.S. Treasury Market

October 15, 2019

ESG Concerns Shun the World’s Most Liquid Market A French pension fund and several other ESG funds are shunning the U.S. Treasury market. The funds found fault this week with the United States government and listed reasons for divestment. According to Bloomberg, ESG funds at Erste Asset Management, Joh. Berenberg Gossler, and Union Investment are…

JP Morgan Asset Management

JP Morgan: Fund Flows May Point to Higher Recession Risk

October 14, 2019

JP Morgan suggests that retail investors and consumers are losing confidence in the U.S. economy. The bank cited the outflows of capital from the equity markets and the rush of capital into bonds as a reason. In 2019, $683 billion has moved into bond funds. Meanwhile, stock funds have seen outflows of $177 billion. These figures come from the Investment Company Institute, EPFR, and Bloomberg.

Libra Association Dealt A One-Two-Punch: Defections, And Now, The G7

October 14, 2019

Last week, eBay, Visa, Mastercard, and Stripe followed PayPal out of the Libra Association; now, the G7 warns against digital currencies.
Last week, fears of regulatory uncertainty (and repercussions) probably forced eBay, Visa, Mastercard, and Stripe to depart the Libra Association. They followed on the heels of PayPal, which walked out earlier.

Nubank, the Brazilian Fintech, Hits a Purple Patch

October 14, 2019

Brazilian fintech startup Nubank has added three million users since August this year.
Speaking at the Brazil Investment Forum in Sao Paulo, Nubank founder and CEO David Vélez said the fintech now had 15 million users.

Temasek Will Sit Out the Saudi Aramco IPO on Environmental Concerns

October 12, 2019

Singapore’s Temasek Holdings will not invest in Saudi Aramco’s mega-IPO, sources said, according to Bloomberg.
Temasek, which focuses on sustainability and environmental, social and governance principles, will, therefore, be unable to participate in the Saudi Aramco IPO. Moreover, it has a 2030 target to reduce the carbon footprint of its portfolio companies by 50%.

Kroll Bond Rating Agency Conference Recap in New York City

October 11, 2019

The Kroll Bond Rating Agency and New York University’s Stern School of Business joined forces recently to hold their very first credit conference. The conference included keynote talks from several thought leaders. The list includes Stanford Graduate School of Business professor Darrell Duffie, President of the Boston Fed Eric Rosengren, and NYU Stern professor and bankruptcy guru Edward Altman.

Madison Dearborn Partners Eyes Eighth Fund, Sets $4.5 Billion Goal

October 11, 2019

Madison Dearborn Partners, a Chicago-based private equity giant, is launching its eighth fund. The company wants to raise $4.5 billion. The figure would top the $4.4 billion it raised for its a fund just three years ago. 

Bitcoin Options to be Highly Popular with Asian Traders, Miners: CME Group

October 10, 2019

CME Group’s forthcoming launch of Bitcoin options will likely be lapped up by Asian crypto players.
Asian crypto traders and miners, along with European speculators and hedgers, already account for nearly half of the trading of CME’s bitcoin futures product. Bitcoin options, used along with futures, would allow these players to fine-tune the management of their exposure and risk to the cryptocurrency.

Facebook CEO Mark Zuckerberg Will Testify Before House Financial Services Committee

October 10, 2019

Facebook CEO Mark Zuckerberg will testify before Congress about his firm’s cryptocurrency project. Zuckerberg will speak before the House financial services committee on the launch of Libra.

Wall Street Journal

Blackstone Sells Last Building from Famous 2007 Real Estate Deal

October 10, 2019

The Wall Street Journal says that Blackstone has sold the last office building it purchased in 2007. The building was part of their $39 billion purchase of Equity Office Properties Trust. That purchase was the largest real estate deal in history.

Senators strong-arm Visa, Mastercard, and Stripe on Libra: “…expect a high level of scrutiny.”

October 10, 2019

Facebook’s Libra stablecoin project received another jolt when US Senators wrote an “or…else” letter to certain Libra Association members.
Senators Brian Schatz (D-HI) and Sherrod Brown (D-OH) wrote to the CEOs of Visa, Mastercard, and Stripe, urging them to be wary of their participation in Facebook’s Libra Association.

PitchBook-NVCA Venture Monitor: VC Investing Declined in Third Quarter

October 10, 2019

PitchBook-NVCA Venture Monitor released its examination of venture capital flows for the third quarter of 2019. The report says that American VC shops invested $28.2 billion in 2,265 transactions during the quarter. This figure suggested a continued decline in deal flow among venture capitalists.

Bitwise Asset Management

SEC Rejects Bitcoin ETF Proposal from Bitwise

October 10, 2019

The Securities and Exchange Commission (SEC) rejected Bitwise Asset Management’s efforts to launch a bitcoin exchange-traded fund (ETF). The agency said that Bitwise’s proposal failed to meet legal requirements tied to market manipulation and other concerns. However, the SEC blamed NYSE Arca instead of Bitwise for the rejection.

#Fuelherfuture: Crowdfunding Platform Kiva Hits $1 Billion In Lending to Female Entrepreneurs

October 9, 2019

Crowdfunding loans platform Kiva celebrates the $1 billion mark in lending to women entrepreneurs with a tie-up with Pepsi.
Kiva, the crowdfunding loans platform, created a new initiative, #FuelHerFuture with Pepsi. From October 7 to October 13, 2019, Pepsi will provide a credit of $25 to anyone who makes a loan on the Kiva platform. The credit must be utilized to lend to a female borrower of their choice.

Digital Currency

Federal Reserve’s Harker: The Fed Will Have a Digital Currency (One Day)

October 7, 2019

Digital currency may come to the Federal Reserve in the future. Philadelphia Federal Reserve President Patrick Harker expects that the U.S. central bank will begin issuing a digital currency.

John McAfee - John McAfee

John McAfee Invents Something on Blockchain

October 7, 2019

McAfeeDex is poised to launch on Monday. Bitcoin advocate John McAfee announced the launch of his latest crypto project on Friday.

Elizabeth Warren and Hedge Funds

Elizabeth Warren: Everything is Wrong with Private Equity, Everything

October 6, 2019

The “Elizabeth Warren War on Private Equity” hit a new stride after the Democratic candidate took aim at PE firms that own or back for-profit colleges. Recently, Senator Warren (D-Mass) and Representative Mark Pocan (D-Wisc.) co-signed a 30-page letter to six private equity firms about investment in these colleges. The Democrats asked several questions about the schools’ marketing, tuition costs, federal aid practices, profits, graduation rates, and related legal actions.

Peter Thiel’s VC Firm is Suing “Winnie Cooper’s” Sister

October 5, 2019

Crystal McKellar played Becky Slater on The Wonder Years. Her older sister is Danica McKellar, who played Winnie Cooper. And today, she faces a breach of contract lawsuit from Peter Thiel’s Mithril Capital Management. Put on your seatbelt…

Finablr And Samsung Pay Announce New Fintech Money Transfer Service

October 4, 2019

For the first time in the US, a Samsung Pay user can transfer money internationally to 47 countries using their mobile.
Finablr, a UK-based and listed fintech, has partnered with Samsung Electronics to offer secure cross-border payments within Samsung Pay, the native mobile wallet. The consumer simply initiates the Money Transfer tool inside the app.

State Street on Blockchain: The Trickle of Digital Assets Will Soon Turn Into A Flood

October 4, 2019

State Street, the huge custody bank which holds assets of over $30 trillion, may soon see a flood of blockchain-based digital assets. According to Jay Biancamano, State Street’s head of digital assets and blockchain in capital markets, historically illiquid assets may soon use the blockchain to become more liquid.

The DailyAlts Playbook – October 3, 2019

October 3, 2019

Today, the DailyAlts Playbook talks Trump tariffs on the things we love, Libra’s woes, the ESG Gold Rush, and a special lunch with Bill Ackman.

The Dow was flat on Thursday and unable to get any footing after a massive downturn yesterday. The markets continue to raise concerns about economic data and growth while monitoring ongoing trade developments. With trade dominating the headlines, let’s dive into the two related stories driving sentiment.

Why McAfee Expects Bitcoin to Touch $1 Million by 2020

October 2, 2019

John McAfee explains in a Forbes interview why he thinks Bitcoin will climb to $1 million by 2020.
McAfee’s bitcoin prediction, famously made in 2017, is still alive and kicking despite the stomach-wrenching volatility in the value of the cryptocurrency.
John McAfee is a colorful tech personality who founded computer firm McAfee Associates. He is also a 2020 United States presidential campaigner.