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James Royal - 4 it's - 1 shiba - 1 Pepe - 1 Bitcoin - 1 Satoshi Nakamoto - 1 Nakamoto - 1 Altcoins Altcoins - 1
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Search resuls for: "James Royal"


13 mentions found


☆ Setting aside $10 a day could help you save over $1 million for retirement—but you have to start early
  + stars: | 2024-07-25 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +1 min
Although the thought of saving $1 million or more by the time you reach retirement age may seem overwhelming, the process doesn't have to be — especially if you start early. Instead of focusing on the total, try paying attention to your savings rate, which is the percentage of your annual pre-tax income you're contributing to your retirement investment account. But your savings rate is something you can control. Fidelity recommends a savings rate of at least 15%, inclusive of any employer match. To that point, you can begin your retirement savings journey by setting aside just $10 a day, or $70 a week.
Persons: it's, James Royal Organizations: Fidelity, CNBC
☆ This type of coin is 'among the riskiest of cryptocurrencies,' investing expert says—here's what to know
  + stars: | 2024-05-29 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +4 min
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France. As meme stocks like GameStop temporarily surged this month, it appears meme coins are having a moment as well. But before you consider investing in cryptocurrency, it's important to understand the difference between meme coins, altcoins and bitcoin. And although every meme coin is an altcoin, every altcoin isn't necessarily a meme coin. "Meme coins are among the riskiest of cryptocurrencies because they seem to emerge from nowhere and information about them can be sparse," he says.
Persons: shiba, Pepe, Bitcoin, Satoshi Nakamoto, Nakamoto, Altcoins Altcoins, James Royal, you'll Organizations: GameStop, U.S ., CNBC, Federal Trade Commission Locations: Paris, France, cryptocurrency, stablecoins
☆ Gen Z investors sway harder to the beat of rising inflation and higher interest rates than their older peers. But passive investing beats pro trading, says an analyst.
  + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com   time to read: +2 min
Gen Z outpaces all other age groups in active stock trading, according to a Bankrate survey. However, a Bankrate analyst says they should become more passive investors. Gen Z investors aren't just bailing out of the market either. The same survey notes that Gen Z investors aren't just bailing out of the market. Over half, or 53%, of Gen Z investors said they expect to invest in stock-related investments in 2023, compared to just 19% of Gen X investors and 9% of baby boomer investors.
Persons: Z, Gen, Gen Z, James Royal, — Organizations: Service, CFA Institute, Financial Industry, Authority Investor Education Foundation Locations: Wall, Silicon, Canada
☆ Higher interest rates, inflation push Gen Z investors to trade stocks on emotion. That may be bad, experts say
  + stars: | 2023-08-23 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
Almost 9 in 10 young investors have actively traded stocks this year due to higher interest rates and inflation, according to a new Bankrate survey. "If younger investors trade in and out of the market, that's almost guaranteed to underperform," said James Royal, a Bankrate analyst who conducted the research. The Federal Reserve started raising interest rates aggressively in March 2022 to rein in persistently high inflation. But higher interest rates also meant better rates on savings accounts, such as high-yield accounts offered by online banks. Eighty-seven percent of Generation Z investors have responded to higher interest rates and inflation by buying or selling stocks, or by withholding additional investment, according to Bankrate.
Persons: James Royal, Royal Organizations: Federal Reserve, Finance
☆ Billionaire Charlie Munger: Cryptocurrency is 'crazy, stupid gambling,' and 'people who oppose my position are idiots'
  + stars: | 2023-02-16 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +3 min
It's just ridiculous that anybody would buy this stuff," Munger, 99, told CNBC's Becky Quick during a livestream of the event, adding: "It's totally absolutely crazy, stupid gambling." "I think the people who oppose my position are idiots, so I don't think there is a rational argument against my position," he said. Munger's comments come amid an avalanche of problems for crypto investors over the past year. He's previously urged the U.S. government to ban cryptocurrencies, and may partially get his wish as the crypto industry faces rising regulatory crackdowns. "In other words, an adviser may custody crypto assets at a bank, but banks are cautioned by their regulators not to custody crypto assets," Uyeda wrote.
☆ Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost
  + stars: | 2022-12-23 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +2 min
In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. Just 8% of Americans have a positive view of cryptocurrency as of Nov. 2022, according to the CNBC All-America Economic Survey. Overall, the crypto market has lost a little over $2 trillion in 2022 and popular digital coins such as bitcoin have fallen far below their 2021 highs. Here's how much the value of seven popular cryptocurrencies changed in 2022 as of Dec. 22, per CNBC's calculations. For this reason, financial experts typically advise against investing more into crypto than you're willing to potentially lose.
☆ 60% of Americans see crypto investing as highly risky—but millennials are still its biggest fans
  + stars: | 2022-12-12 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +2 min
About 38% of Gen Zers (defined here as 25 and under) and 46% of millennials (defined here as age 26 to 41) say crypto investing is highly risky. Younger generations, however, appear to be more willing to take a chance on crypto investing than older generations. About 60% of Americans believe investing in digital currency is highly risky — up from 45% in 2021, according to the recent CNBC Make It: Your Money survey, conducted in partnership with Momentive . Crypto remains among the least popular investments: Only about 10% of Americans say they own any, according to the survey. However, with price of bitcoin, the largest cryptocurrency by market value, hovering substantially lower than its Nov. 2021 highs, as of Dec. 12, confidence in crypto investing appears to be waning among investors of all ages.
☆ Mark Cuban: Former FTX CEO Sam Bankman-Fried should be ‘afraid of going to jail’
  + stars: | 2022-12-01 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +4 min
Billionaire Mark Cuban isn't giving up on crypto, despite the implosion of FTX, one of the world's largest cryptocurrency exchanges. However, Cuban says former FTX CEO Sam Bankman-Fried should be "afraid of gong to jail for a long time," in an interview with TMZ. Alameda research, the trading firm founded by Bankman-Fried, was borrowing billions of dollars from FTX users' accounts and trading those funds without their knowledge, CNBC reports. FTX and Bankman-Fried did not immediately respond to CNBC Make It's requests for comment. Don't miss: FTX’s Sam Bankman-Fried lost billions and the company filed for bankruptcy—it could signal the ‘demise’ of crypto, expert says
☆ The collapse of crypto firm FTX and its superstar founder explained: Here's what happened and what it all means
  + stars: | 2022-11-12 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +6 min
Two years later, Bankman-Fried and his team launched FTX, a crypto exchange platform with perks like low trading fees and advanced options for traders. At his peak, Bankman-Fried was worth $26 billion, though his net worth had dropped to $16 billion before this week. In early November, crypto publication CoinDesk released a bombshell report that called into question just how stable Bankman-Fried's empire really was. Now, the FTX drama is creating a ripple effect throughout the crypto industry. Industry experts told Insider that the saga might encourage regulators to try to crack down on the crypto industry, or make big banks wary of letting customers trade crypto.
☆ FTX's Sam Bankman-Fried lost billions and the company filed for bankruptcy—it could signal the 'demise' of crypto, expert says
  + stars: | 2022-11-11 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +2 min
The company filed for bankruptcy on Nov. 11 after competing offshore crypto exchange, Binance, backed out of a deal to acquire it and users withdrew around $6 billion in funds. FTX's Sam Bankman-Fried, who often goes by SBF, stepped down as CEO on Friday. He saw his estimated net worth drop by billions virtually overnight as his cryptocurrency exchange platform teeters on the brink of collapse. Zhao was paid about $2.1 billion worth of FTT, the native crypto token that gives users access to the FTX trading platform. What happens to crypto traders on the FTX platform if it collapses?
☆ What the collapse of FTX means for the future of crypto
  + stars: | 2022-11-11 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +5 min
Sam Bankman-Fried's crypto exchange FTX collapsed in a matter of days and has started Chapter 11 bankruptcy proceedings. The FTX fiasco is the latest in a series of meltdowns to rock the crypto world this year. "It's been a long time coming, and it's a real wild west out there for anybody who is trading crypto." Big banks could be less likely to let people trade cryptoFinancial institutions like Goldman Sachs, JPMorgan, and Morgan Stanley tried to capitalize on the crypto boom last year with services like trading crypto futures or derivatives. Crypto exchanges should watch for contagion riskOther exchanges and companies should be on high alert for continued fallout.
☆ FTX's fortunes fell off a cliff in a matter of days. Here's what experts think the company's fiasco could mean for the future of crypto.
  + stars: | 2022-11-11 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +5 min
Sam Bankman-Fried's crypto exchange FTX collapsed in a matter of days and has started Chapter 11 bankruptcy proceedings. Less than a year after it boasted a $32 billion valuation, the crypto exchange, owned by Sam Bankman-Fried, faced a "liquidity crunch" that forced it to try to sell itself to rival Binance. "It's been a long time coming, and it's a real wild west out there for anybody who is trading crypto." Crypto exchanges should watch for contagion riskOther exchanges and companies should be on high alert for continued fallout. "As an investor, you should be seriously questioning what you're investing in if it can evaporate over a weekend," Royal said.
☆ California isn’t the No. 1 state for cryptocurrency enthusiasts—but it still ranks in the top 7
  + stars: | 2022-10-21 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +2 min
Cryptocurrency enthusiasts may want to consider moving to Nevada: It ranks as the No. Local governments aren't allowed to tax blockchain technology, the underlying tech that cryptocurrency relies on to operate, for example. Although California is home to Silicon Valley and known as a hub of tech innovation, it ranked third in SmartAsset's study. Californians search for crypto-related keywords on Google more than any other state, but government regulation of cryptocurrency use remains unclear in the state, which dragged down its ranking. Here are the top seven states for cryptocurrency enthusiasts, according to SmartAsset:1.
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