Crypto News 

Crypto Hedge Fund Pantera Capital Seals $130 Million for Third Crypto Venture Fund

“Crypto hedge fund Pantera Capital has already sealed $130 million out of a $175 million target for its third crypto venture fund” writes Marie Huillet for cointelegraph.com. Healy revealed the fund’s activities to date, outlining that: “Our third blockchain venture fund has invested $30 million into nine portfolio companies.For Pantera’s debut fund in 2013, the firm had raised $13 million, rising to $25 million for its second.In December, the hedge fund published a newsletter warning that a quarter of its ICO projects could be found to be in violation of…

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Markets News 

7 investments to make with your tax refund

“The average federal tax refund is about $2,800, although some taxpayers may receive slightly less this year under the new tax law” writes Aol Staff for aol.com. Here are seven stocks or ETFs to invest your tax refund in for the long term.This fund’s top holdings include Microsoft Corp. (MSFT), Apple (AAPL), Amazon.com (AMZN) and Berkshire Hathaway Class B (BRK/B), to name a few.This fund’s top holdings include tech behemoths Apple and Microsoft as well as consumer discretionary companies like Amazon and Home Depot (HD). Source: aol.com

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News Stocks 

Morgan Stanley is bullish on Intel for the first time in 7 years

“Intel Corp. shares gained nearly 3% Friday morning after Morgan Stanley turned bullish on the stock for the first time in seven years” writes Emily Bary for marketwatch.com. Intel’s stock has gained 12% over the past three months, as the Dow Jones Industrial Average has risen 6.4%.Intel’s stock has gained 94% over the past seven years, as the Dow Jones Industrial Average DJIA, +0.69%  , which counts Intel as a component, has risen 101%.Read also: AMD stock gains after Intel CEO announcement suggests ‘an opening for AMD’ Despite the upgrade,…

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News Regulators 

Fed’s Clarida says central bank may adopt ‘makeup’ strategy after inflation undershoots

“Richard Clarida, the vice chairman of the Fed and its highest-ranking economist, laid out the possible inflation strategy as he described the communications review the central bank is undertaking” writes Senior Economics Reporter for marketwatch.com. At the conference, Wall Street economists pressed Fed officials on whether the central bank could even achieve an overshoot of its inflation target if it adopted the strategy.The vice chairman of the Federal Reserve on Friday laid out the possibility the central bank will allow inflation to run above target if prices have grown too…

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Crypto News Reviews 

Bitcoin News Digest Friday, February 22, 2019

Bitcoin on track for its best week in two months Bitcoin prices rose on Friday, clawing back losses from the previous session putting the cryptocurrency on track for its best week in two months.   CME Bitcoin Futures Volume Soars Amid Buoyant Price The Bitcoin price caused CME Group to set new daily trading records for its Bitcoin Futures this week, the company confirmed citing its public statistics. The Bitcoin price caused CME Group to set new daily trading records for its Bitcoin Futures this week, the company confirmed citing…

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Markets News 

Wall St. set to bounce on signs of trade progress

“Shares of trade-sensitive companies such as Boeing Co rose 0.6 percent and Caterpillar Inc 0.8 percent in premarket trading” reports businessinsider.com. “The market has shifted from economic worries encountered yesterday to the possibility of a breakthrough in the trade talks,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.Traders work on the floor of the NYSE in New York Thomson Reuters By Shreyashi Sanyal (Reuters) – U.S. stock index futures pointed to a higher open on Friday on signs of progress in the ongoing trade talks…

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News Oil 

Exxon, Microsoft strike cloud computing agreement for U.S. shale

“Exxon has pledged to increase its Permian Basin production to 600,000 barrels of oil equivalent per day (boepd) by 2025” reports businessinsider.com. But the partnership is the industry’s largest in cloud computing, Exxon said in a statement.The company’s fourth-quarter Permian production was 300,000 barrels of oil and gas per day, up 93 percent from a year ago. In January at the Consumer Electronics Show in Las Vegas, Exxon announced an agreement with International Business Machines Corp to explore the potential for quantum computing in energy and manufacturing.The technology would allow…

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News Regulators 

Experts fear a 1960s-style rerun of the Fed letting inflation build up

“Not only should the Fed worry about higher inflation, it must be alert to declining inflation expectations, he said” writes Senior Economics Reporter for marketwatch.com. The New York Fed president said the Fed should review its 2% inflation target to make sure it takes account for expectations moving in both directions.The U.S. central bank has clearly become less worried in the last few months about the economy overheating due to tight labor markets.Williams said the central bank must be “vigilant” about inflation moving up or down and how the public…

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News Regulators 

Fed’s Williams says Phillips Curve linking inflation to employment is ‘alive and kicking’

“The relationship between employment and inflation known as the Phillips Curve is “alive and kicking,” said New York Fed President John Williams on Friday” writes Senior Economics Reporter for marketwatch.com. Not only should the Fed worry about higher inflation, it must be alert to declining inflation expectations, he said.The Fed has traditionally been worried that low unemployment will lead to rising inflation.Williams said the Fed should review its 2% inflation target to make sure it takes account for expectations moving in both directions.Williams said the central bank must be “vigilant”…

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