Crypto News 

Cryptocurrency Forensics Firm Elliptic Ties $400M in XRP to Illicit Activities

“Cryptocurrency forensics and analysis firm Elliptic has tied about $400 million worth XRP tokens to illegal transactions” writes Ana Alexandre for cointelegraph.com. The tool is meant to help cryptocurrency exchanges and other financial institutions mitigate their regulatory and reputational risks.XRP is gaining increasing traction in the APAC region among financial institutions and banks.”.  Source: cointelegraph.com

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News 

How European Retail Banks are Riding the Wave of New Technology

“Retail banking is in the midst of change and technology is driving transformation, connecting physical and digital environments” reports finextra.com. Incumbent banks, challengers and neobanks are also focused on developing online and mobile banking services to meet the needs of the consumer, like the chatbot for retail customers, a conversational banking platform that most financial institutions (FIs) have launched.What retail banks are doing is challenging the status quo by adopting emerging technologies to combat issues that traditional financial institutions have faced for decades. This is just a drop in the ocean…

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GBP News 

Why centrist politics can no longer explain the world

“With public institutions dysfunctional and liberal democracy hollowed out, liberalism no longer looks like an ideology that can explain the world: its basis falls away” writes Katrina Forrester for theguardian.com. But the problem may be a deeper one: that the categories of mainstream politics as we know it can no longer explain the world.Such defensiveness is not novel: liberalism has often been a negative sort of politics – a politics of second best that protects against worse scenarios.What would help liberalism make sense again is the rebuilding of those public…

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News 

Microsoft updates terms on data privacy amid EU probe

“BRUSSELS (Reuters) – Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European Union institutions failed to protect data in line with EU law” writes Midwest Communications Inc for 95kqds.com. The EDPS, the EU’s data watchdog, opened an investigation in April to assess whether Microsoft’s contracts with the European Commission and other EU institutions met data protection rules.In a statement on its website addressing the issue, Microsoft said: “We will increase our data protection responsibilities for a…

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Crypto News Platforms 

Blockchain.com Launches Crypto Lending Services for Institutions

“Crypto platform Blockchain.com on Thursday unveiled its crypto lending business which was brewing behind the curtains for months” writes Arnab Shome for financemagnates.com. According to Bloomberg, the crypto lending industry significantly surged in the last couple of years, touching $5 billion. Meanwhile, the company also jumped into the crypto trading business in July by launching an exchange in an over-crowded market.The platform launched the new service in August for a handful of its clients and it is targeted only to the institutions.The company laid off dozens of its employees amid…

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News 

Three U.S. colleges with returns on investment that exceed $2 million — and none are Ivy League institutions

“Institutions with the highest returns after 10 years yield $1 million, and sometimes $2 million, after 40 years, exceeding the median 40-year returns of private institutions” writes Personal Finance Editor for marketwatch.com. Colleges that award associate’s degrees and certificates show the highest returns on investment 10 years after enrollment.Two public four-year institutions, Maine Maritime Academy and the U.S. Merchant Marine Academy, rank in the top 10 colleges with the best long-term returns, while two four-year private colleges, St.The institutions with the lowest long-term economic value include theological institutions, beauty schools…

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News 

The top 3 colleges in America with returns on investment of over $2 million — and none are Ivy League institutions

“Institutions with the highest returns after 10 years yield $1 million and, sometimes, $2 million after 40 years, exceeding the median 40-year returns of private institutions” writes Personal Finance Editor for marketwatch.com. Colleges that award associate’s degrees and certificates show the highest returns on investment 10 years after enrollment.Two public four-year institutions, Maine Maritime Academy and the U.S. Merchant Marine Academy, rank in the top 10 colleges with the best long-term returns, while two four-year private colleges, St.Those colleges that predominantly offer certificates or associate’s degrees have the highest return…

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Crypto Futures News 

Bakkt Opens Its Bitcoin Custody Warehouse to “All Institutions”

“Now, its bitcoin arm Bakkt has opened the doors of its custody services to all the institutions of the world” writes unknown author for blockonomi.com. Bakkt also revealed in October that it was launching the “the first regulated options contract for bitcoin futures” on December 9th.Fledgling though it may be, Bakkt saw some celebration last week after the firm set a new all-time high for intraday trades of its monthly bitcoin futures product.Since launching back in September, the exchange has facilitated more than 12,000 bitcoin worth of trades involving its…

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News 

N.J. colleges that serve minority students could lose federal funding

“Booker and Menendez said there was no reason to deny funding for the minority serving institutions in favor of a larger bill” writes Jonathan D for nj.com. But that program expired Sept. 30, and funding will run out at the end of next September unless Congress acts.Peter’s University, one of the minority serving institutions in New Jersey that received federal funds, and was the first person in his family to go to college. Source: nj.com

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Markets News Stocks 

Don’t count on investors’ cash coming off the sidelines to boost stock prices

“Add this all up and I see considerable, structural risk aversion among all investors, individuals and institutions alike” writes Howard Gold for marketwatch.com. It’s that both institutions and individuals have made a huge move into bonds — investing $2.7 trillion since January 2006.Some of that cash may well go into buying stocks, and would help drive the market higher, as this column noted in September.Pension funds need low-risk instruments such as bonds and cash to make regular payouts and balance out the risk of stocks, which they must own for…

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