Bitcoin’s illiquid supply may reach 8.3 million by 2032.
Bitcoin’s Illiquid Supply Could Reach 42% by 2032 Fidelity, the asset management firm, suggests that by 2032, a significant portion of Bitcoin’s supply—around 42% or roughly 8.3 million BTC—might become illiquid. This insight comes from a report published by Fidelity, where they identified two groups contributing to this illiquid supply. Essentially, to qualify as illiquid, […]
Trump invests $500 million in charter schools in a groundbreaking move
Record Investment in Charter Schools by Trump Administration The Trump administration has announced a substantial $500 million investment aimed at supporting charter schools, which comes in response to a noticeable drop in traditional public school enrollments across the country. The Department of Education stated, “Following the upcoming 2024 national assessment of educational progress, we’re looking […]
Nevada plans to spend $375 million to expand high-speed internet access.
Nevada’s Broadband Equity Initiative Proposal Submitted Governor Joe Lombardo has revealed that the final proposal for Nevada’s broadband equity, access, and deployment (BEAD) will be sent to the National Communications and Information Management for formal approval. This initiative, along with prior investments, aims to bring reliable high-speed internet to nearly 50,000 homes, businesses, and community […]
Kirk’s assassination leads to White House plea for $58 million in additional security measures
White House Requests Additional Security Funding Following Assassination The White House is asking Congress for more security funding for both itself and the judicial department in light of the assassination of conservative activist Charlie Kirk, according to Fox News Digital. Specifically, the request includes an additional $58 million in security funds. A spokesperson confirmed this […]
Josh Flagg purchased a fully furnished home in the Hamptons for $8.6 million.
Josh Flagg Purchases Luxury Home in East Hampton Josh Flagg has recently added another stunning property to his collection, this time in the upscale George Ca area of East Hampton. After just a week of consideration, he went ahead and bought a newly constructed six-bedroom home. The “Million Dollar Listing Los Angeles” star, along with […]
Investor managing $900 million believes there’s an investing tip everyone should learn: ‘I wish it was taught more in high school’
Mohnish Pabrai, a prominent value investor overseeing approximately $900 million through his Pabrai Investment Fund, has emphasized a straightforward mathematical idea that he believes everyone involved in investing should understand: the rule of 72. In recent discussions, particularly on the podcast CEO’s Diary hosted by Stephen Bartlett, Pabrai underscored the significance of this financial principle. […]
IRS alert: Heeding this guidance led to a $162 million loss for taxpayers
It’s quite common for people to look for ways to lower their tax bills with the IRS. However, following bad advice from unreliable sources can lead to serious issues, possibly costing you a lot of money. The IRS has reported a rise in fraudulent tax schemes being spread through social media. Many of these scams […]
New York City’s concealed ‘noise cameras’ have issued $1.7 million in fines
Many cities have introduced “noise cameras” to monitor loud motorcycles and other vehicles, resulting in over $1.7 million in fines in recent years. Brooklyn City Councilman Lincoln Restler mentioned that constituents are actually requesting more cameras on their streets. He’s observed a significant increase in noise complaints lately, prompting his own investment in a $40,000 […]
ANZ acknowledges ‘unconscionable conduct’ in bond trading and accepts a A$240 million fine
ANZ Group Faces Record Penalty for Regulatory Failures SYDNEY (Reuters) – ANZ Group has agreed to pay $240 million, marking the largest fine ever imposed by Australian corporate regulators. This penalty comes in response to a series of systemic failures, particularly concerning how the bank handled transactions involving government bonds. Joe Longo, chairman of the […]
Church leaders in Georgia charged with fraud scheme of $22 million aimed at veterans
Federal authorities have charged the founders of the American House of Prayer and some leaders from the Christian Church of Prayer, alleging that this Georgia-based organization ran a scheme that defrauded U.S. military members and veterans out of about $22 million over several years. Following these serious allegations, the FBI executed a raid near Augusta, […]