Exchange virtual money
New York’s powerful banking regulator announced Thursday its first license for a Bitcoin exchange, extending its influence over the growing but little-regulated virtual currency industry. New York City-based itBit Trust Co. was the first company dealing in so-called crypto-currency to receive a trust license from the state Department of Financial Services (DFS). ItBit immediately announced […]
The death of the hedge fund industry has been highly exaggerated.
January is death-to-the-hedge-fund-industry month, according to the popular press. That’s right, folks, you heard it here first: The hedge fund industry, according to the popular press, CNBC, FOX Business, Bloomberg and, of course, the Wall Street Journal and Financial Times have all written the eulogy for he hedge fund industry. “Death to Hedge Funds” is […]
SOCIALIZE AND SHOP SANS SMARTPHONE
Apartment 32 opened last night its SoHo flagship store on West Braodway. It’s flagship retail store is laid out to look like a swank apartment and the store’s employees are referred to as “residents” and shoppers as “house guests”. There is also a “house rule” where customers are asked to “leave your [smartphone] at the […]