Bumper Finance Rockets into Top 10 Biggest DeFi Derivatives Protocols on Launch of Liquidity Provision Program; Over $9m TVL Achieved in First 24 Hours – Yahoo Finance
LONDON, UK / ACCESSWIRE / July 22, 2021 / Bumper Finance, the radically innovative decentralised finance (DeFi) protocol which protects the price of crypto assets against volatility, last week launched their liquidity provision program, which saw $9.8m deposited in the first 48 hours of going live, making it the tenth largest DeFi derivatives protocol by […]
Term SOFR gets cautious blessing for derivatives – Risk.net
A term version of the secured overnight financing rate, or SOFR, will be permitted for use in derivatives contracts according to best practices laid out by the group charged with weaning US markets off Libor, but its use will be limited to ‘one-and-done’ hedging of a narrow band of cash instruments – something market participants […]
‘Midnight in the Switchgrass’ Review: Sordid and Derivative – The New York Times
“Midnight in the Switchgrass” is the first feature directed by Randall Emmett, whose trademark as a producer — according to a sprawling career overview in New York magazine earlier this year — has been a rash of low-budget movies starring misleadingly top-billed actors like Bruce Willis. “Switchgrass” is superior to those Emmett productions (“Reprisal,” “Survive […]
Princeton Office of Finance Appoints Minority-Owned Asset Management Firm. Will Others Follow Suit? – Higher Education – Diverse: Issues in Higher Education
July 21, 2021 | : Princeton University’s Office of Finance and Treasury signaled its commitment to working with minority-owned financial firms this week when it announced that it had entrusted Ramirez Asset Management of New York, part of the oldest Hispanic investment firm in the U.S., with investing 50% of its latest bond proceeds. After […]
Western Alliance Bank Unveils Franchise Finance Team to Focus on Restaurant Industry – QSR magazine
Western Alliance Bank, Member FDIC, one of the country’s top-performing banking companies, welcomes a new Franchise Finance group that will focus on building relationships with leading restaurant operators and franchisees across the nation. The team of veteran bankers focused solely on the restaurant finance market joins Western Alliance Bank’s growing set of specialized banking groups […]
Bitcoin price hits $32K but derivatives metrics still show signs of weakness – Cointelegraph
There’s no doubt that the last couple of months have been bearish for Bitcoin (BTC), but throughout this entire period, derivatives indicators have been relatively neutral. This could be because cryptocurrencies have a strong track record of volatility, and even 55% corrections from all-time highs are expected. After two months of struggling to sustain the […]
Bitcoin’s 50% Drop From Peak Hammers Crypto Loans, Derivatives – Yahoo Finance
(Bloomberg) — The 2021 Bitcoin bubble is deflating and hitting a $1.3 trillion industry built on to-the-moon speculation and rampant leverage. The damage from the latest selloff is spreading across the world of crypto loans, options and futures — wiping out money-spinning strategies from the famous basis trade to yield farming. Even with Wednesday’s rebound, […]
Finance Chiefs Are Still Trying to Replace Excel With New Tools – The Wall Street Journal
Finance chiefs are still trying to get employees to move away from Microsoft Excel, the ubiquitous spreadsheet program loved and loathed by accounting professionals. While many still see it as a helpful tool, some CFOs say finance teams rely on it too much, often for tasks that Excel isn’t well-suited to handle. That can lead […]
Stock market news live updates: Stocks claw back prior day’s losses, post gains of nearly 2% in bargain-hunting rally as COVID fears wane – Yahoo Finance
Stocks rallied on Tuesday, with Wall Street recouping most of the previous session’s steep losses, as bargain-hunting momentarily counterbalanced rising COVID-19 infections. On Monday, major benchmarks suffered their worst declines of 2021, overwhelming quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more […]
DeFi Derivatives Protocol Vega Raises $43M in CoinList Token Sale – Yahoo Finance
Decentralized derivatives trading protocol Vega raised $43 million in a community token sale on CoinList, it said Tuesday. The Gibraltar-based project, which launched in 2019 and is expected to go live for trading in Q4 of this year, is a layer 2 solution for trading derivatives in a decentralized fashion. Vega’s software will allow users […]