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Avalanche is making it easier to spend cryptocurrency in the real world with the launch of the Avalanche Card, a new crypto-backed credit card that works anywhere Visa is accepted. The card, developed in partnership with Rain, allows users to make purchases using USDC, USDT, Wrapped AVAX (wAVAX), and AVAX without needing to convert crypto into fiat first. It aims to remove the complexities of crypto payments, offering a seamless and familiar experience for users. “With the Avalanche Card, your cryptocurrency is a tool for empowerment,” said John Wu, President of Ava Labs. “As digital assets garner mainstream adoption, leading…
Check out the companies making headlines in premarket trading. Super Micro Computer — Shares soared 21% after the technology company met the Nasdaq’s listing deadline to report financial results for the most recent fiscal year to the Securities and Exchange Commission. The firm said it has “regained compliance” with the Nasdaq for its filling requirements. General Motors — Shares popped almost 4% after announcing an increase of its quarterly dividend by 25% to 15 cents per share. The automaker also initiated a $6 billion share repurchase plan, with $2 billion in buybacks slated for the second quarter. Anheuser-Busch InBev —…
Receiving an inheritance can be complex, especially if it involves cross-border transfers. Diya (name changed), a 60-year-old woman, found herself in a difficult situation when her father passed away in February 2023. She had dual US and Norway citizenship and an Overseas Citizen of India (OCI) card, and had been living in Norway with her husband for more than seven years. Her parents lived in the US for 20 years before moving back to India during the covid-19 pandemic. With her father gone, her 85-year-old mother was living alone in Coorg. This meant Diya had to manage her father’s assets…
Schaaf’s comments sound very similar to ECB President Christine Lagarde’s stance against Bitcoin in central bank reserves. Meanwhile, Bitcoin’s recent price drop below $90,000 triggered a sell-off in US spot ETFs and sent Strategy’s stock plummeting. This caused some concerns about the sustainability of its aggressive Bitcoin accumulation strategy. Despite volatility, analysts are still optimistic about Strategy’s long-term prospects. GameStop received a proposal from Strive Asset Management urging it to also allocate its cash reserves into Bitcoin.ECB Adviser Criticizes Bitcoin’s Economic UtilityAn adviser to the European Central Bank (ECB) recently reiterated the institution’s negative stance on Bitcoin (BTC), and countered…
As a taxpayer, it is important to make investment before March 31 to be able to claim tax exemption. Although taxpayers will be unable to claim tax benefits for their investments if they opted for the new tax regime. However, in the old tax regime, taxpayers can still claim tax exemption so long as investment is done on or before March 31.These are some of the investments one can make under the old tax regime to be able to claim following tax benefits:HRA exemption: Under the old tax regime, House Rent Allowance (HRA) is exempted under section 10(13A) for salaried individuals.…
Investopedia / Illustration by Alice Morgan / Getty Images Bitcoin has now fallen below $87,000 after hitting a new all-time high above $109,000 last month. Economic uncertainties about inflation and tariffs are weighing on cryptocurrency markets. One analyst suggests bitcoin’s price will drop further, urging investors not to buy the dip just yet. Solana-based memecoins are taking much of the blame in terms of the overall crypto market’s recent struggles. One analyst has claimed this is the end of the “memecoin boom.” Bitcoin (BTCUSD) fell below $87,000 Tuesday—a sharp drop from the $95,000 level at which it was trading two…
Check out the companies making headlines in extended trading: Super Micro Computer – The embattled server maker popped more than 20% in extended trading after Super Micro submitted long-awaited financial filings to the Securities and Exchange Commission. The company filed its updated and audited report for fiscal 2024 and its statements for the first two quarters of fiscal 2025. Nasdaq gave Super Micro until Feb. 25 to submit its filings or else face delisting. Jack in the Box — The fast-food chain surged more than 10%. The company reported fiscal first-quarter operating earnings of $1.92 per share, while analysts polled…
If you are planning to invest in a mutual fund, then the better way to do is through an SIP (systematic investment plan) instead of lumpsum.An SIP can help you average out the cost of acquisition of mutual fund units, thus maximising your chances of earning higher returns.There are some investors, meanwhile, who believe that investing in an SIP on a particular date makes a difference to wealth creation. For instance, does it matter whether the date of SIP is 7th or 15th?Well, there are several theories on it but the experts do not support any of those.Time over timingOne…
Bitcoin is currently trading at a price of $87,261, a dramatic reversal for the world’s largest cryptocurrency that some predicted would hit $1 million later this year. “The brutal sell-off happening in crypto is not unexpected, considering we’ve just seen the biggest hack in our history — if not the history of all financial markets,” said Charles Wayn, co-founder of the Web3 firm Galxe. Wayn added that last week’s Bybit hack was unlikely to “hold back” Bitcoin and other cryptocurrencies in the long-term. Market volatility has also been compounded by renewed concerns over President Donald Trump’s proposed global tariffs, which…
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017.Tom Williams | CQ Roll Call | Getty ImagesDemocrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against the moves that the Trump administration and Elon Musk have taken to neutralize the Consumer Financial Protection Bureau.Guests at the event included a retired military veteran helped by the agency, a mortgage broker who said the CFPB has helped curb industry abuses, and the bureau’s former head…