Satoshi Nakamoto proved a pseudonymous founder doesn’t have to be a deal breaker. Blue Kirby, however, has reminded cryptocurrency investors that fake names can still be a red flag. 

For those who didn’t spend last weekend on Crypto Twitter, Blue Kirby is the handle of a now-infamous figure in the decentralized finance (DeFi) community who appears to have absconded with some $1 million worth of ether (ETH).

As detailed in two worthwhile reads, DeFi community members allege Blue Kirby unfairly exercised influence over the Yearn.Finance ecosystem and then conducted a questionable initial coin offering (ICO) for a non-fungible token (NFT) marketplace called “Off-Blue.”

While the above sentence may sound to normies like so much word salad, the Blue Kirby fiasco marks the latest in a series of cautionary tales from 2020’s “DeFi Summer.” The episode shows how – absent compensating factors – permissionless technology, pseudonymous identities and borderless marketplaces can make a combustible mix. 

Without skin in the game, Blue Kirby had little incentive to act in community members’ best interest in the long term, crypto industry members said. And without a real name, they now have little recourse.

Out of the blue

According to Set Protocol’s Anthony Sassano, Blue Kirby created his online persona in the early summer months, riding on the back of Andre Cronje’s wildly successful robo-crypto hedge fund Yearn.

The pseudonymous token cheerleader quickly rose through the ranks of DeFi community members on Twitter as witnessed in community allocation of $7,000 per month for his tireless promotion of the YFI token.

Blue Kirby’s poor judgment came to light over time, beginning in late September with the botched release of Cronje’s Eminence, a new DeFi contract. Although Eminence had yet to be audited – as fits Cronje’s tagline: “I test in prod[uction]” – Blue Kirby encouraged users

This article was coproduced with Dividend Sensei.

At iREIT on Alpha and Dividend Kings, we continue to screen for value, and one sector that is appealing to us these days is the banking sector.

A few days ago we decided to write on Texas-based Cullen/Frost Bankers (CFR) in which we explained that the bank has “the highest yield in the last 20 years despite Treasury bonds trading near all-time lows. From a risk-adjusted perspective, Cullen/Frost is providing investors the best spread over government bonds in at least 25 years.

Cullen/Frost is now yielding 4.1% with a P/E of 14.1x (normal is 16x).

Today we’re focusing on another deeply-discounted bank with a long track record of reliability and predictability.

Source

As we write this, the market is recovering off its recent pullback. And while many companies are recovering quickly, plenty of great deals remain available.

In that light, we’re highlighting The Bank of Nova Scotia (BNS). It’s a 6.4%-yielding blue-chip with a strong economic recovery expected in 2021 and beyond.

That’s why Dividend Kings just bought into it for a fifth time in our Phoenix Portfolio – and we plan to buy it one final time next week. That will still put us ahead of three major catalysts that should propel it and its stock to impressive levels.

The bank already is a one-stop-shop for companies, governments, institutions, and high-net-worth individuals – from traditional banking services to global market underwriting (equity and bonds) to asset management.

We’re talking about:

  • $1.2 trillion in assets
  • $768 billion in low-cost deposits
  • 95,000 global employees
  • 2,905 branches
  • 8,793 ATMs.

Scotiabank has proven impressive in the past already, as evidenced by its total returns since 1996, featured below.

(Source: Portfolio Visualizer)

Over the last 24 years, it has delivered 12.5% compound annual growth rate

LONDON, Oct 9 (Reuters)Bond funds saw the second-largest weekly inflows ever of $25.9 billion, BofA said on Friday, as the market continues to price in a Democratic sweep in next month’s presidential election, which could mean even more fiscal stimulus.

“Blue wave election outcome (Democrats winning) has curiously flipped from consensus bear to bull catalyst in recent months,” the U.S. investment bank said.

Equity funds attracted $4.4 billion, mainly driven by U.S. equities, BofA said. Government and U.S. Treasury bond funds sucked in $3.8 billion, the largest inflows in 14 weeks, in the week to Oct. 7.

The bank also highlighted the likelihood of renewable energy stocks front-running a Democratic election sweep that was followed by a fiscal stimulus, pointing to one solar energy exchange traded fund’s stellar performance.

Invesco solar ETF TAN.P soared 255% from its March lows and has gained 42% in the last month alone. “A ‘blue wave’ clean sweep which could see Dems in control of the Oval, Senate and House is seeing money pile into renewables”, a London-based trader said.

(Reporting by Thyagaraju Adinarayan Editing by Tommy Wilkes)

(([email protected]; +44 20 7542 7015; Reuters Messaging: [email protected]; Twitter @thyagu))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source Article

Flip A Coin: Heads – Full Recovery, Tails – Markets Crash

(Photo Credit)

The stock market feels like a coin toss these days. The presidential election is just over one month away. Donald Trump is recovering from COVID-19. The U.S. is politically and ideologically polarized, and the economy is a stretched balloon that can give way at any moment. Even if you buy in to the recovery hype, now might not be the ideal time to be going “all-in” to the stock market. But as long-term, buy and hold, dividend growth investors, we must remember that time in the market reigns supreme. September and October are historically the two worst-performing months for the stock market, but there are always opportunities for prudent investors. As always, we’re focused on religiously saving and disciplined investing every single month.

Here’s how our September panned out:

Dividend Income: 2020 (Blue) vs. 2019 (Red)

In September 2020, we pocketed $1,273.93 of dividend income. Compared YoY to September 2019, which saw $1,188.98 in dividends, that’s still a 7.15% increase YoY, even after liquidating $120k of assets from this account. June 2020 saw $1,952.04 of income. This is where the effects of my large July selloff and dividend cuts from some of my larger holdings become very noticeable. Our dividend income decreased a whopping -34.74% QoQ. We are laser-focused on rebuilding our holdings to get back into plus territory here.

Dividend Income Received: September 2020

Ticker/Stock Name Income
Aflac (AFL) $1.40
Ares Capital (ARCC) $123.98
Broadcom (AVGO) $13.58
BP plc (BP) $50.65
Brookfield Property REIT (BPYU) $130.92
Dominion Energy (D) $9.87
Easterly Government Properties (DEA) $26.76
Enbridge (ENB) $108.52
Corning (GLW) $1.10
International Paper (IP) $5.13
Johnson & Johnson (JNJ) $8.05
Keycorp (KEY) $55.50
Gladstone Land (LAND) $1.12
LyondellBasell (LYB) $87.15
McDonald’s (MCD) $6.25

KANSAS CITY, Mo., Sept. 29, 2020  /PRNewswire/ — Blue Cross and Blue Shield of Kansas City (Blue KC), the region’s largest healthcare insurance provider, announced today its plan to offer individual Affordable Care Act (ACA) plans for 2021. Blue KC’s portfolio of affordable products and convenient services will enhance options for those seeking coverage, especially with the offering of Spira Care in the five metro counties (Clay, Platte, Jackson, Johnson and Wyandotte), their behavioral health initiative Mindful by Blue KC, and unmatched customer service.

(PRNewsfoto/Blue Cross and Blue Shield)

  • Spira Care Centers are conveniently located throughout the metro and offer empathetic and hands-on care delivery for those living in the five-county metro. Spira Care is primary care under one roof, including quality doctors, behavioral health consultants, disease prevention, member education and more, focusing on your overall health and well-being. Those outside of the five counties where Spira Care is offered will have access to Blue KC’s trusted, extensive provider network and award-winning customer service — and the variety of plan options that offer highly competitive benefits and services to meet their healthcare needs.
  • Mindful by Blue KC is a commitment to covering the health needs of the whole person. For Blue KC members, it is a set of tools and resources to address stress, depression, anxiety, substance use and more. This ensures people can access and afford the behavioral healthcare they need. Mindful Advocates are licensed behavioral health clinicians acting as a front door to match members to providers and guide care plans — a single point of contact for a variety of behavioral health services.
  • Customer service sets Blue KC apart from others. Members ranked Blue Cross and Blue Shield of Kansas City (Blue KC) number one in Overall Customer Satisfaction among health plans in the Heartland,