A single Bitcoin (CRYPTO: BTC) transaction worth over $2 billion was processed for under $1.
What Happened: According to data from Blockchain.com, more than 44,500 BTC worth $2,011,009,391 moved from one anonymous crypto wallet to another for as little as 78 cents in transaction fees.
An international transfer of the same size would typically involve a transfer fee of between 1% and 3%. Even a transfer fee of 1% on a $2-billion transfer would cost at least $20 million and take between one and four days to process.
Despite surging to a record high of $62 earlier this year, the average transfer fee on the Bitcoin blockchain is now as low as $2, according to data from BitInfoCharts.
El Salvador President Nayib Bukele estimated that if the country’s citizens adopt Bitcoin at scale, then remittance service providers like The Western Union Company (NYSE:WU) could lose as much as $400 million a year.
“Wherever you are now, you can send bitcoin to anyone with a Chivo wallet in El Salvador, and in minutes, they have the value and then they can go to one of the ATMs and take it out in cash without a fee,” said Alex Gladstein, chief strategy officer for the Human Rights Foundation.
Top 5 Value Stocks To Buy For 2023: MFS Intermediate Income Trust(MIN)
MFS Intermediate Income Trust (the Trust) is a diversified closed-end management investment company. The Trust seeks to preserve capital and provide high current income. It maintains a portfolio that includes investments in short and intermediate-term United States Government and foreign high-grade securities.
MFS Intermediate Income Trust’s portfolio includes non-United States Government bonds, mortgage-backed securities, the United States Government agency securities, the United States Treasury securities, emerging market bonds, commercial mortgage-backed securities, residential mortgage-backed securities and high-grade corporate securities. The Trust can invest in foreign securities, including securities of emerging market issuers. The Trust’s investment advisor is Massachusetts Financial Services Company.
Advisors’ Opinion:
- [By Shane Hupp]
Private Advisor Group LLC acquired a new position in shares of MFS Intermediate Income Trust (NYSE:MIN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 84,181 shares of the financial services provider’s stock, valued at approximately $322,000. Private Advisor Group LLC owned approximately 0.07% of MFS Intermediate Income Trust as of its most recent filing with the Securities and Exchange Commission.
Top 5 Value Stocks To Buy For 2023: Diana Containerships Inc.(DCIX)
Diana Containerships Inc., through its subsidiaries, operates in the seaborne transportation industry. It owns and operates containerships, as well as focuses on containership acquisition opportunities. The company also engages in chartering of its vessels. As of December 31, 2015, its fleet consisted of eight panamax and six post-panamax containerships with a combined carrying capacity of 70,464 20-foot equivalent unit. Diana Containerships Inc. was founded in 2010 and is based in Athens, Greece.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
Gain Capital Holdings Inc (NYSE:GCAP)Q4 2018 Earnings Conference CallFeb. 28, 2019, 4:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Stephan Byrd]
Gain Capital Holdings Inc (NYSE:GCAP) Director Alex Goor purchased 17,434 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were bought at an average price of $7.50 per share, with a total value of $130,755.00. Following the purchase, the director now directly owns 85,980 shares of the company’s stock, valued at $644,850. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
- [By Stephan Byrd]
Acadian Asset Management LLC bought a new position in shares of Gain Capital Holdings Inc (NYSE:GCAP) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 361,421 shares of the financial services provider’s stock, valued at approximately $2,729,000.
- [By Joseph Griffin]
Gain Capital (NYSE:GCAP) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Galicia Financial Group (NASDAQ:GGAL) was downgraded by analysts at ValuEngine from a sell rating to a strong sell rating.
Top 5 Value Stocks To Buy For 2023: Cannae Holdings, Inc.(CNNE)
Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc. was founded in 2014 and is based in Las Vegas, Nevada.
Advisors’ Opinion:
- [By Will Ashworth]
With strong demand for its new Honda Civic and an FCF yield of 10.6%, I would agree with Cohne’s assessment.
Value Stocks to Buy: Cannae Holdings (CNNE)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Cannae (CNNE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Motley Fool Transcribers]
Cannae Holdings, Inc. (NYSE:CNNE)Q4 2018 Earnings Conference CallMarch 14, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Max Byerly]
Get a free copy of the Zacks research report on Cannae (CNNE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Value Stocks To Buy For 2023: MGIC Investment Corporation(MTG)
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services. In addition, the company participates in external reinsurance arrangements and captive mortgage reinsurance arrangements. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
