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New SPAC Goes Big on Bitcoin and Other Digital Assets


A company called Bakkt, which was started by
Intercontinental Exchange
(ticker: ICE), the owner of the New York Stock Exchange, announced on Monday that it planned to go public.
Bakkt, founded in 2018, initially made waves by launching a Bitcoin futures product. But the company appears most focused now on a digital app that allows people to trade and spend various kinds of digital assets from cryptocurrencies to loyalty points from businesses like
Starbucks
to videogame rewards.
Bakkt will go public through a special purpose acquisition company, or SPAC, which involves a shell company raising money to buy another company and take it public. Bakkt will merge with ....

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Property trends in South Africa: The rise of Hipsturbia, and where young people are buying


Property trends in South Africa: The rise of Hipsturbia, and where young people are buying
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There are a vast number of factors that influence where and how we choose to live, and one of these is most certainly when we were born, and the context in which we grew up.
Defined as between the ages of 24 and 39 years old, Millennials account for almost 30% of the total population according to Statistics SA – and also represent the largest generation to enter the country’s workforce (51%).
According to Lightstone Property, more than 300,000 South African Millennials purchased property between 2015 – 2017; of which a third were first time home owners – suggesting that this category wields significant buying power. And it is this very clout that we see impacting current property development trends. ....

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