Dec 11, · Massachusetts Mutual Life Insurance Company (MassMutual) has invested $ million in Bitcoin and purchased a minority stake in NYDIG, a Bitcoin Author: Shivdeep Dhaliwal. Dec 11, · Massachusetts Mutual Life Insurance Co. has purchased $ million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. In this episode, NLW looks at recent news that MassMutual had purchased $ million in bitcoin (BTC, +%) for its general account, as well as made a $5 million minority investment in $
100 million btcMassive Year-Old Insurance Company Bought $M in Bitcoin - CoinDesk
A number of countries have already banned the virtual currencies even as other pass stringent regulations designed to limit its use as a legal tender. However, that has not stopped people from coming up with ways to bypass the regulations all in the effort of using the virtual currency.
Unlike in the past, Bitcoin is no longer considered a fad, but a cryptocurrency with the potential to stick around much longer. It remains to be seen if it will ever replace fiat currencies. This article was originally posted on FX Empire. Instead, the would-be recipients will have to claim the amount when they file their taxes this year, according to the IRS. Senate seat in Georgia to Raphael Warnock, a defeat that -- coupled with an expected victory for Jon Ossoff -- will hand Democrats control of the upper chamber.
The double blow cost more than bruised egos. For more articles like this, please visit us at bloomberg. The fears of what would happen from Democratic wins in Georgia's race failed to pan out, aside from tech taking a few hits. Here's what's happening instead and why. Consolidation could soon be flying into the boardrooms of the major airlines as they look to survive the COVID pandemic. While Tesla bulls are betting the stock's insane run will continue following a Democratic Senate sweep in Georgia, some Tesla option traders are dumping massive amounts of call options on Wednesday.
Why It's Important: Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader.
Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock. Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there's no surefire way to determine if an options trade is a standalone position or a hedge.
In this case, given the relatively large size of the largest Tesla option trades, there's certainly a possibility they could be an institutional hedge on a large position in Tesla stock. Tesla Investors Cashing In: Wednesday's big option trades come after Tesla reported a record , vehicle deliveries in the fourth quarter, up That number exceeded analyst estimates of , vehicles.
For the full year of , Tesla delivered , vehicles. Tesla had previously said it would "comfortably exceed" , vehicle deliveries in Tesla investors are hoping Democrats in control of the White House and Congress will provide a significant tailwind for clean energy stocks.
Tesla bulls can't be upset about option traders cashing out on what could potentially be massive trading gains on these calls after Tesla's historic run. Benzinga does not provide investment advice. All rights reserved.
JPMorgan analysts see Bitcoin reaching 6, levels in the long term should private sector investments into the cryptocurrency match those in gold. Price Action: Bitcoin traded 5. The stock market turned mixed after a pro-Trump mob stormed Capitol Hill.
Bloomberg -- Alibaba Group Holding Ltd. Alibaba fell 3. The State Department, Department of Defense and Treasury Department are among authorities involved in the deliberations, according to people with knowledge of the talks. The discussions focus in part on how such a move might affect capital markets, the Wall Street Journal reported earlier Wednesday. Imposing a ban on the two companies would mark the most dramatic escalation yet by the Trump administration, given the sheer size of the two firms and the difficulty unwinding positions.
After the Biden administration starts, the policy could change again. On Tuesday, Trump signed an order banning U. It will be up to Biden to decide whether to enforce that policy once it takes effect.
Hasty measures have at times sown confusion in markets and prompted price swings, such as when the New York Stock Exchange reversed course twice this week on a decision to delist three Chinese telecommunications companies. Treasury Secretary Steven Mnuchin disagreed with its decision to give the companies a reprieve. The order bans trading in the affected securities starting Jan. And if the U. The potential U. In recent months, officials blocked Ant Group Co.
Closer scrutiny of mergers and acquisitions could add uncertainty over the growth of large internet firms within China. Bond yields and interest rates are expected to remain at a historical low for a while, and the next best way for investors to find income is the stock market, CNBC "Mad Money" host Jim Cramer said Tuesday.
According to the former hedge fund manager, it's still possible to get an income with a degree of safety in the current environment. Dividends are like rewards that companies pay for holding a stock. Fast-growing companies like Amazon. He put together a diversified portfolio of nine high-yielding dividend stocks that have a strong balance sheet.
Cramer thinks the stock is a good performer and is likely to go higher due to polyethylene's rising price. The company has a great pipeline of drugs and two blockbuster drugs that are "growing like crazy," as per Cramer. The company has a steady cash flow. They have a strong balance sheet and Cramer thinks the company will do well under the Biden administration as it will be difficult to acquire new wells, making the existing ones more valuable.
Verizon Communications Inc. Cramer called it a slow and steady grower. Biden promised checks "immediately" if Democrats won Senate control — and they have.
Financial markets are gyrating on Wednesday as results from two Georgia Senate races point toward Democratic control of the House, Senate and presidency. Bloomberg -- Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party. Companies from Alibaba Group Holding Ltd. Covid has only served to strengthen his grip, fueling a war-like campaign to steer the economy back on track and snuff out perceived threats to national security.
Authorities then forced his online finance titan to cap loans and devise a plan to hive off its most lucrative businesses. The government also launched a probe into alleged anti-competitive practices at Alibaba. An insurance company buys bitcoin for its general account. This needs fed approval. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Related Articles.
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