February 23, 2021

Finance

Bitcoin Brokerage River Financial Raises $17M: SEC Filings

High-end bitcoin brokerage River Financial raised $17.3 million in a recent equity sale, according to documents filed with the U.S. Securities and Exchange Commission (SEC) Thursday.

Form D filings reveal two-year-old River aims to raise nearly $500,000 in additional funding for a total of nearly $17.8 million. The firm reported 34 backers in its latest filing but none of them were known at press time.

It was not immediately clear if the $17 million figure includes funds from the $5.7 million seed round River completed last July with backing from Castle Island Ventures, Slow Ventures and a slew of other

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The trade-offs that led to $1 million net worth at age 35

  • A man with a $1 million net worth said getting there required some sacrifice.
  • Moving away from family was the first hard decision, but it changed the trajectory of his and his wife’s financial life.
  • They started degree programs, which limited their social life, and remained conscious about spending even as their income went up.
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Sacrifice is almost always required when you have big financial goals.

For Drock, a lobbyist who lives in Washington, DC, and his wife, the road to a $1 million net worth by 35 was littered with trade-offs. 

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Tesla’s Bitcoin Profits Might Be More Than Its All-Time Profits From EVs, Solar, & Batteries

Tesla could have made more in profits from its recent bitcoin investment than it has made selling EVs, Yahoo! Finance reported. When bitcoin hit the $50,000 mark for the first time ever, this continued the 2021 rally that has been sending it higher on increased adoption. Tesla purchased $1.5 billion in bitcoin last month, and even though it hasn’t revealed its average purchase price or how many bitcoins it holds, Tesla could be raking in the profits.

In January, Bitcoin traded between $29,333 and $37,202. Tesla’s big purchase could have ranged between 37,020 and 51,137 bitcoin, with an average

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Carbon-Free Electricity Requires Policies To Build And Finance Transmission And Storage

By Nives Dolšak, Aseem Prakash, and Nathan Shih

Recent Texas ice storms have placed the issues of grid stability, connectivity, and hardening on the front page. Although some politicians have blamed frozen wind turbines for the generation shortfalls, data suggests that renewable energy performed better than fossil fuels. Wind contributes to about 25% of the state’s

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Kiplinger’s Personal Finance: Insurance retirees don’t need | Business News

If you develop one of these conditions, the insurer sends you a lump sum cash payment, ranging between $10,000 and $50,000, that can be spent however you want. Howard isn’t crazy about this type of insurance, “where unless a specific situation happens, you don’t get anything back.”

He suggests reviewing your potential out-of-pocket costs for health insurance to see whether you need critical illness insurance or if you could manage the bills with savings.

Social Security insurance:

  • All the dysfunction and uncertainty in Washington has led to a new product: Social Security insurance. It’s a type of annuity, an insurance
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Veterans to receive new banking, financial service options from Department of Veteran’s Affairs

The U.S. Department of Veterans Affairs announced in a tweet Sunday that veterans and their beneficiaries will have new banking and financial service options, including receiving their benefits via direct deposit.

The agency’s announcement is part of the Veterans Benefits Banking Program (VBBP), a partnership with the Association of Military Banks of America (AMBA) established in December 2019, which aims to give America’s heroes and their families a safer, faster and more inexpensive way to receive and manage their

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