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Sam Hartzmark may be the most knowledgeable person on irrational investor behavior related to dividends. Last week, he joined me on the podcast to walk through some of his research. We cover some fun topics: Juicing – Mutual funds purchase stocks before dividend payments to artificially increase their dividends The Free Dividend Fallacy – Investors tracking capital gains and dividends as separate and independent variables, which is wrong. Indices Ignoring Dividends – The Dow and S&P 500 are often cited as price indices (ignoring dividends), so investors treat the price change as the primary signal.  …

Consensus 2026 in Miami starts Tuesday. We’ve got a host of policy sessions — some of which this newsletter previewed a few weeks back. Here’s the full list of sessions you should attend. On the fence about going but you’ll be in Miami? Not too late to register. Can’t make it in person? Hit me up about a virtual pass.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeConsensus 2026 Miami kicks off! Be there or be square.Why it mattersThe thing I enjoy most about…

Most machine learning buying decisions today rely on demos, vendor narratives, and analyst perspectives. To ground this in real-world experience, we analyzed 500 verified user reviews from teams that have implemented and operated ML software over time. This approach reveals where ML delivers value, where it falls short, and how it impacts measurable business outcomes. Here’s what the data shows.

pmtbox, an enterprise commerce platform built to unify payments, risk, and data for merchants, today announced $15 million in seed funding. It was led by Tandem Ventures, with participation from Element Ventures, Cynosure Investment Partners, and Aaron Skonnard, founder and CEO of Pluralsight. For years, merchants have been forced to operate across a fragmented web of vendors, tools, and siloed data streams, with no single point of accountability. This patchwork infrastructure drives up costs, complicates risk controls, and prevents operators from fully leveraging their own data. pmtbox was built to eliminate that fragmentation and put control back in the hands…

Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances.BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule takes effect October 1, with adaptation deadlines running into 2027.Payments between an eFX provider and its foreign counterparty must move through a foreign exchange transaction or a non-resident real-denominated account in Brazil, with cryptocurrencies barred as an option.A remittance firm cannot take reais from a customer, convert the funds into USDT, USDC or bitcoin and settle…

SWIFT’s blockchain shared ledger hits MVP this year. What the new tech stack means for cross-border payments, tokenized deposits, and global banking.  By Ray Fernandez, Espacio Media Incubator.      The intelligence layer for fintech professionals who think for themselves. Primary source intelligence. Original analysis. Contributed pieces from the people defining the industry. Trusted by professionals at JP Morgan, Coinbase, BlackRock, Klarna and more. Join the FinTech Weekly Clarity Circle →     SWIFT’s digital transformation strategy is gaining momentum as its blockchain layer moves to MVP implementation. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) blockchain-based shared ledger is…

A crypto analyst has outlined a specific period he believes could be the right time to sell Bitcoin (BTC) for the most returns. Supporting his prediction, the analyst highlighted a recurring historical pattern that has marked major bullish turning points in BTC’s market cycles. He suggested that these past patterns could be used to determine the best exit points for traders in the ongoing cycle.  Analyst Reveals Best Time To Sell Bitcoin Crypto market analyst Merlijn The Trader has cautioned that Bitcoin could be approaching a major turning point, urging traders to consider selling their coins to maximize returns. In…

Embarking on the journey to establish your own roofing company startup can be a rewarding and lucrative endeavor. With the roofing market projected to expand significantly over the next decade, there is a substantial opportunity for entrepreneurs willing to dive in. This article aims to provide an in-depth look at what aspiring roofing contractors need to consider as they lay the foundation for their new business venture. Understanding the Market Potential The roofing industry is currently on an upward trajectory, with significant growth predicted over the coming years. According to PR Newswire, the market is expected to reach a staggering…

Our collaboration with Beeks reflects a principle that has long shaped Kraken’s approach to market structure: fair and open access to trading infrastructure. Why colocation changes the game For latency-sensitive strategies, execution quality is a function of speed. Beeks Financial Cloud colocation enables traders to place their infrastructure in close proximity to Kraken’s trading infrastructure. By reducing the physical distance market data and order messages need to travel, they get more consistent and predictable performance. This type of setup has long been standard in traditional financial markets. But access to this infrastructure has been more limited in crypto. Our colocation…

If you’ve sat through even one SaaS demo in the last year, you’ve heard the pitch.AI sales assistants will automate outreach, personalize every interaction, prioritize your best leads, and unlock 30%+ productivity gains. And to be fair, that promise isn’t entirely invented. McKinsey estimates that AI could automate up to a fifth of sales activities and significantly reshape how revenue teams operate. The subtext is even bolder: less grunt work, more pipeline, and maybe quietly fewer people needed to do it.It’s a compelling story. And for a while, it sounded almost too good to question. But as a market research analyst,…