Month: September 2019

Crypto industry leaders are taking the initiative to help firms in the space avoid falling foul of securities rules. In a company blog post, Coinbase announced it’s co-founded the Crypto Rating Council, a member-only organization purposed with assisting cryptocurrency companies determine if they comply with current U.S. federal securities law. Coinbase is joined at launch by
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VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019. In connection with
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Mismanagement of real-property related taxes and collection by New York City’s Department of Finance may be shortchanging the Metropolitan Transportation Authority of a key revenue stream, according to city Comptroller Scott Stringer. Stringer said his audit revealed weaknesses and errors in DOF operations related to the documentation, billing and collection of the real property transfer
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The last six months have been tough for the energy sector, including the energy infrastructure space. The Global X MLP ETF (MLPA), which gives investors exposure to 20 of the leading midstream master limited partnerships, has come under pressure. But I think its weakness could be a buying opportunity. The oil and gas production will
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Nearly all top 10 alternative cryptocurrencies by Market Capitalization have hit their respective 6-month lows after bitcoin’s rapid price slide dragged the rest of the markets into the red on Tuesday. Litecoin (LTC), EOS (EOS), Binance Coin (BNB), and Stellar (XLM) dropped to their lowest point in over 6-month shortly after BTC’s major sell-off forced traders
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A prolonged Michigan budget battle would hit the state’s charter schools the hardest, according to S&P Global Ratings. The Republican-led Michigan legislature approved $59.9 billion in state spending in budget bills while axing a controversial 45-cents-a-gallon fuel tax hike proposed by Gov. Gretchen Whitmer, setting the stage for a budget battle. Charter schools are vulnerable
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Over the last week, shares of the ProShares K-1 Free Crude Oil Strategy ETF (OILK) have dropped in line with the larger moves of the crude markets with a fall of about 5%. It is my belief that this drop in the price of OILK represents a buying opportunity for investors in the ETF and
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Recent highly publicized flops by supposedly disruptive companies could be painting an unpleasant picture ahead for innovation, at least in how it’s viewed in the financial markets. Investors have turned thumbs-down on high-profile companies including WeWork, Uber and Tesla. Industries including marijuana, vaping and bitcoin all have seen big price drops following a spate of
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Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its
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The Federal Aviation Administration awarded $986 million in grants this week in the fifth dispersal from a $3.18 billion program aimed at renovating the nation’s airports to improve safety. More than 350 airports in 44 states, Micronesia, and Puerto Rico were awarded grants, the majority less than $1 million. Construction and rehabilitation projects will help
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For the fourth week in a row, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $27.3 billion for Lipper’s fund-flows week ended September 25, 2019. Fund investors were net purchasers of money market funds (+$37.8 billion), municipal bond funds (+$1.6 billion), and taxable fixed income funds (+$427
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Vancouver, British Columbia–(Newsfile Corp. – September 26, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) today announced the closing of a non-brokered private placement financing (the “Financing“) of 500,000 units of the Company (each, a “Unit“) at a price of CDN$0.45 per Unit, with each Unit being comprised of one common
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