November 16, 20240 Comments

Bitwise Seeks to Convert $1.3B Crypto Index to ETP

Bitwise Seeks to Convert $1.3B Crypto Index to ETP Bitwise Asset Management has announced that NYSE Arca has filed a Form 19b-4 to uplist the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an ETP, joining a growing trend of crypto asset managers seeking to convert investment vehicles into exchange-traded structures. “Bitwise believes that ETPs are among the most efficient, convenient, and useful vehicles for providing crypto exposure,” Bitwise

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November 16, 20240 Comments

What is Rachel Reeves’ plan for pension funds?

Reuters Chancellor Rachel Reeves says she wants pension schemes to “fire up the economy” Plans for a major shake-up of pension funds have been announced by the chancellor, Rachel Reeves. She wants to create pension “megafunds” by merging the UK’s 86 council schemes, using the set-up in Canada and Australia as a model. Other proposals suggest pension schemes need to reach a certain size or pool together. Larger funds could

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November 16, 20240 Comments

Southwest Airlines plane struck by bullet before departure in Dallas By Reuters

(Reuters) – A Southwest Airlines (NYSE:) plane preparing for departure at Dallas Love Field airport was struck by a bullet late on late Friday, prompting the aircraft to return to the gate, the airline said in a statement. “Southwest Airlines Flight 2494 was set to depart for Indianapolis when a bullet apparently struck the right side of the plane, just below the flight deck, as the crew was preparing for

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November 16, 20240 Comments

Spot Bitcoin ETF Options Get Green Flag from CFTC, Is $100K Imminent This Week?

The U.S. Commodities and Futures Trading Commission (CFTC) has finally given the ‘green flag’ for the approval for spot Bitcoin ETF options trading. This clears the path for the listing of Bitcoin options products, which will give the BTC ETFs greater exposure on Wall Street. However, there’s still one last approval left to come from the Office of the Comptroller of the Currency (OCC). CFTC Clears Path for Spot Bitcoin

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November 16, 20240 Comments

Archegos’ Bill Hwang deserves 21 years in prison, US says

By Jonathan Stempel NEW YORK (Reuters) -Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. In a late night court filing, prosecutors from the U.S. Attorney’s office in Manhattan also asked that Hwang be subjected to a $12.35 billion

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November 16, 20240 Comments

Jake Paul wins fight against Mike Tyson by unanimous decision

Social media star Jake Paul defeated boxing legend Mike Tyson in a highly anticipated fight with an age difference of over three decades between the two contenders. The Friday night win for the YouTuber-turned-pro-boxer was streamed on Netflix from the home of the Dallas Cowboys in Texas. Paul defeated Tyson by unanimous decision after the two fighters went eight full rounds, with each round two minutes. Tyson came out strong,

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November 16, 20240 Comments

Amazon launches Temu rival with ‘crazy low’ prices

Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect “crazy low prices” on Haul products that are “worth the wait” of up to two

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November 16, 20240 Comments

Amazon shuts down secret project to develop fertility tracker

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon has discontinued a secretive effort to develop an at-home fertility tracker, according to internal documents and people familiar with the matter. The company had been working to launch a fertility monitoring device and companion smartphone app for the past four years as part of a project codenamed

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