There’ve been more than a few events this past year that have complicated, if not outright challenged, the usual, everyday, whip-out-your-credit-card-and-pay mentality when it comes to spending.
In 2014, NYU professor David Yermack called bitcoin a “marginally useful,” money-like commodity popular among hackers and “opponents of the banking system.” Just yesterday, a fifth National Football League star announced he’d take at least a portion of his compensation in BTC.
Bitcoin is the latest chapter in this shared imagining, a new, digital good that bypasses the sovereign issuer and presents the world with a freely accessible standard.
In 2018, at the tail end of that year’s supercycle, the St.
Although introduced to the world as digital, peer-to-peer cash, bitcoin had not yet taken up that role, the Fed economists said.
The journalist Brett Scott argued that bitcoin has been successfully branded as a deflationary good by financially conservative fearmongers.
It was designed to be fungible, to be broken down into small units of account and to be easily transferable and stored.
The Federal Reserve hasn’t released an accounting of the current crypto supercycle, yet, so it’s difficult to say whether the central bank’s thinking on bitcoin has changed.
Northern Illinois University associate professor Craig Warmke pushes back against the idea that bitcoin exists as a chunk of code.
HSBC Holdings PLC beat quarterly profit forecasts and released $400 million it had set aside to cover bad loans caused by the pandemic, as rapid vaccine rollouts in the United States and Britain raise hopes for an economic recovery.
General Electric Co’s turnaround plans looked dead in the water to many last spring when its lucrative jet engine business became another victim of the coronavirus pandemic as global air travel dried up.
Basecamp’s leadership seems to be following in the footsteps of Coinbase CEO Brian Armstrong, who in 2020 declared his company apolitical .
The low support, not including abstentions, for the non-binding proposal comes after the Office of the Illinois State Treasurer urged other shareholders to vote “No” on the company’s pay practices, namely because J&J sets aside certain litigation costs when calculating executive compensation, including from the U.S.
That would bolster profit at a time when questions abound as to how sustainable the market flurry will be and the slow pace of vaccination in some countries clouds the outlook.Barclays could beat analysts’ profit forecasts with releases, although such a move is more likely in the second quarter when there’s greater clarity on the success of vaccines, according to Citigroup Inc.GreensillWhile Credit Suisse is front and center when it comes to Greensill Capital, the Swiss lender isn’t the only bank exposed to the fallout from the implosion of the supply chain finance firm.
The Series D funding round is structured as a $225 million investment, with another $300 million equity commitment from SoftBank available at Exscientia’s discretion.“Exscientia’s innovative use of AI to discover and design better quality drugs with greater efficiency has the potential to create important medicines faster than ever before,” SoftBank Investment Advisers’ Managing Partner Eric Chen said in the statement.The company says it has more than 20 projects in development, including two currently in clinical trials, and has partnered with firms including Bristol-Myers Squibb, Bayer AG, and Sanofi, as well as several biotech firms, Chief Financial Officer Ben Taylor said in an email.The investment is SoftBank’s latest in the U.K.
AMC Entertainment Holdings Inc.
So while another blow of as much as $4 billion is likely in the second quarter from the elimination of factoring, that will be excluded from its cash-flow numbers.“We will take great pains as we go through the year to explain it in a way that represents our underlying operating reality,” Culp said.Busy QuarterThe results cap a busy quarter in which GE announced the $30 billion air-leasing deal with AerCap.