Crypto trading legend’s integration, boost TMS Network & challenging Cardano & Dogecoin
14.5.2023
A crypto trading legend is making waves in the industry by exploring U.S. Treasurys integration, which could potentially boost TMS Network (TMSN) and challenge popular cryptocurrencies like Cardano (ADA) and Dogecoin (DOGE). This article will delve into Cardano, Dogecoin, and how...
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
14.5.2023
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine...
Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings
14.5.2023
Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims.
According to a notice to creditors published late Friday by accounting giant Ernst & Young (EY), each creditor of the exchange will receive "13.094156% of their proven claim less the levy...
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
14.5.2023
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature...
Can memecoins be used as real currency?
14.5.2023
Memecoins can be used as a form of currency, although their acceptance and stability may vary
'Significant risk' of US Treasury running 'out of funds' soon: Report
14.5.2023
The United States Congressional Budget Office (CBO) has predicted that the U.S government's annual deficits will “nearly double over the next decade.”
Gallup Poll: Americans’ Preference for Real Estate, Crypto Plunges — Fondness for Gold Skyrockets
14.5.2023
A recent Gallup Poll reveals a significant decline in the percentage of Americans favoring real estate as their preferred long-term investment, despite its continued popularity. Conversely, the Gallup survey indicates that the perception of long-term investments in gold has experienced an almost...
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
14.5.2023
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan...
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
14.5.2023
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
14.5.2023
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar...
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
14.5.2023
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department...
G7 Nations Discuss Countering China’s ‘Economic Coercion’
14.5.2023
The Group of Seven (G7) countries are discussing ways to counter China’s “economic coercion” against other nations, U.S. Treasury Secretary Janet Yellen has shared. Noting that Canada, France, Germany, Italy, Japan, the U.K., and the European Union share similar concerns,...