Author: Anthony M. Orbison

Proof of Workforce, joined by Santa Monica Vice Mayor Lana Negrete, will showcase the Santa Monica Bitcoin Office at the upcoming California Municipal Revenue and Tax Association (CMRTA) Annual Conference on October 9-10. They will present a case study on the innovative municipal office, the first of its kind in the U.S.Launched in July 2024 after a unanimous city council vote, the Santa Monica Bitcoin Office aims to educate residents about Bitcoin’s potential while identifying industry partnerships to support economic recovery and job creation.”Proof of Workforce is excited to share our experiences and insights with other municipal leaders at the…

America’s smallest banks face potentially destructive losses from climate-related weather disasters, according to a first-of-its-kind report from a climate change nonprofit. And they’re not even aware of the risk. Property damage from floods, wind, storm surges, hail, or wildfires threatens a collective $2.4 billion across nearly 200 national banks, averaging 1.5% of these banks’ total portfolio value, according to First Street. Most of this risk is concentrated amid small regional or community banks. In fact, nearly one in three regional banks face significant climate risk. But large institutions aren’t immune, with one in four facing such risks too, the report…

Josh Weinstein has said it before and he’s going to say it again.The president and CEO of Carnival  (CCL)  was speaking to analysts in June after the world’s largest cruise company reported second-quarter earnings.Related: Carnival Cruise Line blames parents in dining room disputeCarnival posted record revenue, operating profit and booking levels for the quarter and Weinstein wanted to make sure everyone saw the big picture.  “You have heard me say this before,” he said during the company’s earnings call. “This is not pent-up demand; it is the compounding effect of building increased consideration in our cruise brands over time and…

Oil Prices Soar, Impacting Forex Markets: What to Expect The price of oil has been making headlines in recent weeks, and its impact on the foreign exchange (forex) market has been significant. As prices continue to rise, market analysts and investors are scrambling to understand the implications on global currency markets. In this article, we’ll delve into the factors driving oil prices, the impact on the forex market, and what traders can expect in the coming weeks. Causes of Rising Oil Prices The sudden surge in oil prices can be attributed to a combination of factors, including: Global supply concerns:…

How to Trade Like a Pro: A Beginner’s Guide Trading in the financial markets can be a thrilling and rewarding experience, but it can also be intimidating and overwhelming for beginners. With so many different markets, instruments, and strategies to navigate, it’s easy to feel like you’re drowning in a sea of complexity. However, with the right guidance and approach, anyone can learn to trade like a pro. In this article, we’ll provide a beginner’s guide to help you get started on your trading journey. Understand the Basics Before you start trading, it’s essential to understand the basics of trading…

MicroStrategy CEO Michael Saylor announced on September 20 that it has purchased an additional 7,420 bitcoins for approximately $489 million. The company now holds over 252,000 Bitcoin, acquired for $9.9 billion. Since 2020, MicroStrategy has adopted a Bitcoin-focused corporate strategy, taking advantage of Bitcoin’s potential as an inflation hedge and store of value. The company has accumulated over 252,000 bitcoins worth more than $15 billion, substantially increasing shareholder value.MicroStrategy has borrowed money by issuing convertible senior notes to fund its Bitcoin purchases. It recently raised over $1 billion through note offerings, partly to acquire more Bitcoin. Other public companies have…

As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s price. Historically, the U.S. stock market has shown notable trends around election periods. Given Bitcoin’s correlation with equities and, most notably, the S&P 500, these trends could offer insights into what might happen next.S&P 500 CorrelationBitcoin and the S&P 500 have historically held a strong correlation, particularly during BTC’s bull cycles and periods of a risk-on sentiment throughout traditional markets. This could phenomenon could potentially come to an end as Bitcoin matures and ‘decouples’ from equities and it’s narrative as a speculative asset. However there’s…

The U.S. Securities and Exchange Commission (SEC) has just granted approval for the listing and trading of options on BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT).BREAKING: 🇺🇸 SEC approves options for BlackRock's spot #Bitcoin ETF. pic.twitter.com/g7R8rSLRI1— Bitcoin Magazine (@BitcoinMagazine) September 20, 2024 The approved options on the iShares Bitcoin Trust will be physically settled, meaning that when the option is exercised, Bitcoin will be delivered to fulfill the contract. These American-style options can be exercised at any time before the expiration date, providing flexibility for traders. According to the SEC, the listing will follow the same rules as…

Bhutan has illustrated how Bitcoin and the mining process can bring forth tremendous revenue, with the country making $750M from mining Bitcoin. After being publicly condemned by governments worldwide, Bitcoin (BTC) emerged as a popular asset. Several developing nations have developed a new interest in cryptocurrency, with Bitcoin taking charge.Despite its modest GDP of $3 billion, the East Himalayan Kingdom of Bhutan has shown developing nations how Bitcoin mining can improve economies. According to a recent report by Arkham Intelligence, Bhutan was seen holding a staggering 13,029 BTC. This is worth about $758 million. Less than 900,000 people live in…

By Scott Murdoch and Himanshi Akhand (Reuters) -Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove (OTC:) with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in cash and 0.0422 new REA shares giving Rightmove an implied value of 770 pence per share. Shares of REA, which is 62% owned by Rupert Murdoch’s News Corp (NASDAQ:), dropped 1.52% on Monday. Rightmove did not immediately respond to a request for comment on the new non-binding bid outside normal…