The virtual currency known as Bitcoin is a form of "money" covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday.
The court declined to dismiss criminal charges against Larry Dean Harmon, the operator of an underground Bitcoin trading platform, for running an unlicensed money transmitting business under D.C. law and for laundering money under federal law.
The ruling will likely have minimal impact on how Bitcoin is treated by the market, but establishes parameters on how the District of Columbia regulates cryptocurrency in money transmission. It also brings the D.C. rule in line with how federal and state authorities treat Bitcoin for the purposes of anti-money laundering purposes.
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Investments in bioproducts surge as Geltor nabs new money – TechCrunch
The manufacturer of a vegan collagen, Geltor , has raised a new round of financing — $90 million, according to people familiar with the company.
It’s another sign of the newfound viability of sustainability and cell-based, vegetarian replacements for animal products.
Geltor’s chief executive Alexander Lorestani declined to comment on the new round, and sources did not disclose who the lead investor was.
The company had previously raised capital from SOS Ventures, IndieBio, Fifty Years, Cultivian Sandbox Ventures, Starlight Ventures, New Crop Capital, Baruch Future Ventures and FTW Ventures, according to information in Crunchbase .
Money market fund yields are dropping, prompting Vanguard and BlackRock to waive fees for
Good news for investors: Some large firms such as Fidelity and Vanguard, the Malvern-based mutual fund giant, are waiving some fees on money market funds.
The bad news: That's because yields are so low on money market funds that without a fee waiver, the returns might drop below zero.
Blame the Federal Reserve for this conundrum, as yields fall below the expenses of running a money market fund, said Jeffrey DeMaso, head of research at Adviser Investments and co-editor of a Vanguard newsletter.
Now Available: Your Money Goes Further With Samsung Money by SoFi - Samsung US Newsroom
Samsung Electronics America, Inc., announced that starting today, consumers in the U.S. can sign-up for and access Samsung Money by SoFi : a mobile-first money management experience. Launched in partnership with SoFi, a leading fintech company, Samsung Money by SoFi brings a cash management account, accompanying Debit Mastercard and exclusive benefits to Samsung Pay.
Samsung Money by SoFi is now available to Samsung Pay users in the United States. Samsung Pay users can get started by tapping the Money tab in the Samsung Pay app. The exclusive discounts on Samsung products on Samsung.com will be available in the coming weeks.
For more information about Samsung Money by SoFi, please visit https://www.samsung.com/us/samsung-pay/ .
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New money helps expand homeless services in Anchorage
Beans Cafe and Alaska Behavioral Health are both of the recipients of millions of dollars in grant money awarded by organizations like the Alaska Mental Health Trust Authority and the Rasmussen Foundation.
The grants went out for a number of mental health projects in the state, but Beans and ABH are using their awards to bolster navigation and outreach services to get people off the streets and into housing.
At the Alaska Mental Health Trust Authority, CEO Mike Abbott said grants they awarded throughout fiscal year 2020 added up to about $24 million. Last quarter , which amounted to over $900,000, is particularly important because of the pandemic.
Bloomberg - Are you a robot?
Small business aid money sent to charter schools draws scrutiny | KUTV
A "brawl" could be coming among players over guaranteed money - ProFootballTalk
There’s optimism that the NFL and NFL Players Association will work out a deal regarding the financial aspects of pro football in a pandemic. There’s concern regarding the ability of the players to resolve one important aspect of the financial equation.
Most NFL players have non-guaranteed salaries. Most first-round picks get four years of fully-guaranteed salaries; most second-round picks have two years of full guarantees. Star players in the early years of their veteran contracts usually have fully-guaranteed contracts.
Happening on Twitter
As we have been saying and the cases keep proving....all existing applicable laws apply to Bitcoin BSV and the alts… https://t.co/ioFJYeiP0i CalvinAyre (from Antigua and Barbuda) Fri Jul 24 20:30:18 +0000 2020
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