Bitcoin has evolved in recent years into a speculative investment for individuals seeking alpha from alternative assets and a possible hedge against global uncertainties and weakness in fiat currencies. Bitcoin (BTC) is a digital floating exchange that is pegged to the U.S. dollar like in foreign exchange (forex). However, unlike gold, there is no underlying physical
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Regulation is among the most important factors affecting bitcoin price. The cryptocurrency’s rise has been arrested every time a government has cracked the policy whip, with countries taking varying approaches to bitcoin regulation. For example, in November 2019, bitcoin sank to an all-time low when China accelerated a crackdown on cryptocurrency businesses, mirroring what happened
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There are two ticker symbols for Alphabet Inc. on the NASDAQ stock exchange: GOOG and GOOGL. There’s little price difference between the two – as of June 11, 2021, it was $2,513.93 versus $2,430, respectively—still, what gives? The short answer is a stock split, but a longer answer is an attempt by the co-founders of Google, Sergey Brin,
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Official representation between Hong Kong and Taiwan is set to end this year as mounting political tensions threaten one of the region’s most important trade and investment relationships. The number of staff in Taiwan’s representative office in Hong Kong has dwindled over the past two years as the territory has stopped issuing visas, with the
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Germany’s Green party adopted an election manifesto on Sunday that vowed to transform the country’s economy and fast-track its transition to carbon neutrality by 10 years to 2035. Pledging to turn Germany into a “socio-ecological market economy”, Annalena Baerbock, the party’s candidate for chancellor, this weekend proposed a “pact with German industry”. Companies that became
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Israel’s parliament is poised to vote in a new government later on Sunday, ending Prime Minister Benjamin Netanyahu’s 12-year grip on power after four elections and two years of political paralysis. The vote will mark a historic change in the Jewish state’s leadership, replacing its longest-serving premier with Naftali Bennett, an ultranationalist whose Yamina party
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Dominant Strategy Solution vs. Nash Equilibrium Solution: An Overview Game theory is the science of strategic decision-making in situations that involve more than one actor. These can include actual games or real-life situations like military battles, business interactions, or managerial decisions. According to game theory, the best strategy for an individual may or may not
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Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry. On a personal level, many entrepreneurs take big risks to leave stable jobs to throw their efforts (and sometimes their own money) into launching
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Amtrak, which is officially called The National Railroad Passenger Corporation, is a passenger railroad provider that runs short-distance (under 750 miles) and long-distance trains between more than 500 destinations in 46 states and in three Canadian provinces. It operates more than 300 trains daily over 21,400 miles of track. Amtrak only owns about 623 miles
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E-Books vs. Print Books: An Overview In the last several years, e-books have become a mainstay of the publishing industry. However, the demise of printed books as a result of the introduction of e-books has not materialized as predicted. According to the Association of American Publishers, e-book sales in the U.S. declined slightly to $983
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Milton Friedman and John Maynard Keynes are as integral to the story of economics as Adam Smith and Karl Marx. What Keynes wrought, Friedman undid, and supporters of the free market are deeply in debt to this Chicago school academic for his effort. In this article, we will look at the life and contributions of
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The peer-to-peer digital currency bitcoin made its debut in 2009, ushering in a new era of cryptocurrency. While tax authorities, enforcement agencies, and regulators worldwide are still debating best practices, one pertinent question—is bitcoin legal or illegal? The answer—depends on the location and activity of the user. Bitcoins are not issued, endorsed, or regulated by any
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When portfolio managers talk about strategies for success, they often refer to risk diversification and money management. These strategies separate investors who are successful because of knowledge and skill from those who are merely lucky. Now, don’t be mistaken: luck isn’t a bad thing to have. But having the foundational skills will ultimately lead to
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In July 2011, the Consumer Financial Protection Bureau (CFPB), a federal government agency, began collecting consumer complaints about credit cards. Since then, it has expanded to collecting complaints about mortgages, bank accounts, student loans, consumer loans, credit reporting, money transfers, and debt collection. If you have a complaint about one of these financial services, here’s
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