Kidnappers Now Accepting Cryptocurrencies

Cryptocurrencies promise to make all kinds of payments easier, including, it now appears, paying a ransom. In December the New York District Attorney announced an arrest in a kidnapping.  “This case demonstrates the increasingly common intersection between cyber and violent crime — the defendant is charged with coordinating an elaborate kidnapping, armed robbery, and burglary to gain access […]

Opinion: Plain Old FOMO Pushing Wall Street Toward Crypto

Goldman Sachs, the venerated investment banking firm whose chiefs dominate policy and sit on important financial boards in government, may not have jumped into cryptocurrency market. Chances are, it was pushed. Wall Street already has a big problem with fear of missing out, or FOMO. Now it appears that a decision to enter the Bitcoin […]

Gundlach: Bond Bull Market Teeters as Stock Sell-off Signals Change

Bond guru Jeff Gundlach, founder of  DoubleLine Capital, not long ago said that the bond bull market would end if yields on the 10-year U.S. Treasury approached 3%. Yields already have crossed the 2.6% level, which Gundlach predicted would be a negative headwind for stocks. Currently, the 10-year is sitting just beneath this level due to […]

Financial Regulator FINRA Zeroes in on High-Risk Brokers

The Financial Industry Regulatory Authority (FINRA) has taken new steps to identify and weed out high-risk brokers. Under pressure from both investors and lawmakers, the industry-run regulator has created a dedicated examination unit. The unit already has identified between 100 and 200 rogue reps. This is a significant improvement over previous FINRA security measures, which […]

UK Royal Mint Launches Gold-Backed Cryptocurrency

One argument of cryptocurrency skeptics is that the market is based on new, unproven technology. Blockchain technology might be considered new, although it has been around since 2008. Now, skeptics are being forced to admit the technology isn’t unproven. One of the world’s oldest businesses is adopting it. The Royal Mint has announced the creation of Royal Mint Gold, […]

Why Now is the Optimum Time to Invest in Frontier Markets

Global financial analysts are advising enterprising investors to consider investing in burgeoning frontier markets via exchange traded funds (ETFs), bonds and to a lesser degree, mutual funds. Financial analyst David Dali, a strategist for Matthews Asia, said that investors who take strategic advantage of frontier markets right now are primed to profit in the future.  […]

Big Banks Go Robo for Wealth Management in 2018

JPMorgan Chase will begin offering robo-advisor wealth management in 2018. The tentative launch date is March for their new financial technology advisement services. Chase is not the only financial industry giant to begin offering robo-advisor services either. In 2017 Merrill Lynch, Morgan Stanley and Wells Fargo successfully launched versions of their own robo-advisor services. Robo-advisors are […]