Daily Archives: August 4, 2022, 11:12 am

BlackRock Teams Up With Coinbase in Crypto Market Expansion – Bloomberg

BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin, taking the world’s largest asset manager into a cryptocurrency market hammered by plunging prices and government investigations. *** Top BlackRock clients will be able to use its Aladdin investment-management system to oversee their exposure to Bitcoin along with other portfolio…

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A Focus on Victims’ Rights Leads to Investor Payouts in Credit Suisse Case – WSJ

For two decades, federal prosecutors have aggressively prosecuted companies and executives that pay bribes to win business overseas, most often through use of the Foreign Corrupt Practices Act, an antibribery law passed in 1977. But rarely have they sought to identify specific victims of corruption. That’s starting to change. After a surprise appearance by aggrieved investors in a bribery case…

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Virginia pension fund invests in crypto lending in bid to boost returns | Financial Times

A $6.8bn Virginia pension fund is looking to boost its returns by investing in crypto lending markets despite a crisis in the sector that has pushed several companies into bankruptcy and left retail investors with heavy losses. The Fairfax County Retirement Systems recently gained approval from its board of trustees to begin investing in “yield farming” in which investors lend…

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No Investor Should Be Buying Single-Stock ETFs – Bloomberg

Issuers of exchange-traded funds plan to roll out a wave of single-stock ETFs. These funds, a handful of which are already available, will bet against individual stocks or amplify their daily moves or both. Needless to say, single-stock ETFs have not been greeted with enthusiasm. Regulators are sounding alarms about their risks. Financial advisers are warning investors to stay away. CNN…

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