Celsius reported Monday that all “withdrawals, swaps, and transfers between accounts” had been halted, citing “extreme market circumstances. “It is not difficult to define “severe market conditions,” as several deserving candidates are. This includes the sudden downfall of the TerraUSD stablecoin and last Friday’s announcement of a 40-year-high monthly inflation rate of 8.6 per cent….
The issue The price of Bitcoin rose somewhat this week as investors thought the worst of the cryptocurrency liquidity issue had passed. According to Coin Metrics, Bitcoin had increased 13.63 per cent for the seven-day trading week that began on Sunday, putting it on track for its best week since October. The price reached a…
The Biden administration has offered to forgive approximately $6 billion in federal student loan debt for around 200,000 students who believe their college cheated them. Previously, the government authorized $25 billion in debt forgiveness for 1.3 million debtors. There are over 43 million Americans who have federal student loans. What is going on? Many of…
The leading indices completed the holiday-shortened week on a high note, with a recent relief rally racking up substantial gains during the four days. What is short selling? A short sale is an investment or mercantilism technique that bets on the value of a stock or other securities falling. It’s a complicated methodology that should…
Overview Last week, investors at Citigroup, Wells Fargo, Bank of America, and Goldman Sachs supported motions proposing that the companies discontinue any more financing for fossil-fuel projects. Every one of the proposals failed horribly, with hardly more than 10% of the support. Regardless of the defeat, the votes were remarkable examples of a strategy local…
Risks that might jeopardize your retirement It’s critical to plan for the unexpected when it comes to retirement. Any variety of post-retirement dangers, such as the unexpected loss of a spouse, a protracted sickness, stock market performance, a bankrupt retirement account, or even unanticipated longevity, can derail even the best-laid retirement plans. The risk of…