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Bond trustee UMB Trust has hired Lighthouse Management Group to serve as a receiver for a defaulted mining project.AdobeStock A Florida mining project that defaulted on its municipal bonds was put into receivership. The United States District Court for the Middle District of Florida appointed Lighthouse Management Group, Inc., to be the receiver for the
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At 9am on Saturday morning, a group of women spread across the busiest street in central Kyiv and stopped traffic to observe a minute of silence. A loudspeaker counted 60 ticks before blaring the opening lines of the national anthem — “Ukraine’s glory and freedom have not yet perished”. Drivers and passengers stepped out of
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<img src=”https://public.flourish.studio/visualisation/21870451/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were quiet Friday ahead of an $11 billion new-issue calendar as U.S. Treasury yields fell and equities ended up. The bond market’s attention has shifted from inflation and tariffs to economic growth issues, said BofA Global Research’s Yingchen Li and Ian Rogow. “Weak January retail sales and a
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“It is totally counter-intuitive that a Republican district would be thinking about eliminating a tool that finances the very infrastructure and economic development and affordable housing in their district,” said Toby Rittner president and CEO of the Council of Development Finance Agencies. ”But this is a math game. The President wants certain things, and they have
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Dave Sanchez has been head of the SEC Office of Municipal Securities since 2022. While Dave Sanchez, director of the Securities and Exchange Commission’s Office of Municipal Securities has repeatedly expressed concern regarding joint powers authorities, there is no certainty of following enforcement action although that risk always can be heightened in situations where bond
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In this article SOL.CM= DOGE.CM= Follow your favorite stocksCREATE FREE ACCOUNT A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images The Securities and Exchange Commission issued long sought after guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law. Meme coins “typically have limited or
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Tennessee Gov. Bill Lee’s proposed fiscal 2026 general fund budget is 9% higher than the existing fiscal 2025 general fund budget.Bloomberg News Tennessee Gov. Bill Lee’s proposed fiscal 2026 budget includes $930 million in bonds in what may be the first of several years of increased state bonding. The bonds would be general obligation bonds
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Litecoin (LTC) demonstrated a V-shaped recovery of 20% after dropping to $106 on Feb. 25. After a brief decline below the 50-day and 100-day exponential moving averages (EMAs), the altcoin has regained a bullish position and is currently outperforming a majority of assets within the crypto market. Litecoin 1-hour chart. Source: Cointelegraph/TradingView Litecoin has “one
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Litecoin (LTC) has outperformed the broader crypto market vastly in the last 24 hours, rising over 9% to reach $127.85 on Feb. 27. LTC/USD four-hour price chart. Source: TradingView In contrast, the crypto market’s combined valuation has dropped by 3% amid a sour risk-on mood led by underwhelming Nvidia earnings and US President Donald Trump’s
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Stablecoins issued by traditional financial institutions may face challenges in gaining significant market adoption, according to Matt Hougan, chief investment officer at Bitwise. “TradFi stablecoins will find it harder than they think to win market share,” Hougan said in an X post on Feb. 26. Hougan referred to the newly announced stablecoin plans by Bank
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THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit. On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap
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XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants wondering whether XRP’s price could drop further in the coming days. XRP/USD daily chart. Source: Cointelegraph/TradingView XRP price levels to watch under $2.40 XRP’s latest
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The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token. House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News
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Bitcoin’s sell-off continued for a third consecutive day as the price dropped to lows not seen since Nov. 11, 2024. At the peak of the correction, BTC (BTC) briefly traded at $82,256 before finding buyers but data suggests that further downside could occur before the market stabilizes.  Independent market analyst Scott Melker posted the following
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Bitcoin mining company Core Scientific unveiled plans for a $1.2 billion data center expansion in partnership with artificial intelligence startup CoreWeave. The announcement followed the company’s fourth-quarter 2024 earnings report, which showed a net loss of $265 million. On Feb. 26, the Bitcoin (BTC) mining company published its fourth quarter and full-year results for 2024.
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Bitcoin’s (BTC) price has taken a major hit this week, with analysts speculating on its next move after a tumultuous period. As of Feb. 27, the cryptocurrency is down 3% over the last 24 hours and 10% over the last seven days.  Traders and analysts believe in the potential for Bitcoin to drop further, specifically