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Report: Crypto Industry Spends Record $119 Million in 2024 Federal Elections
22.8.2024
The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the expanding sway of...
Devere CEO Advises Shifting Away From US Assets as Dollar Weakens
22.8.2024
Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges...
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
22.8.2024
Sen. Cynthia Lummis said the window is closing, but it's not shut yet
Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin
21.8.2024
Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances
Can Crypto Sway the U.S. Election?
21.8.2024
With the political environment so finely poised, candidates would be wise to attract crypto voters, says Nonco’s Jeffrey Howard
Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
21.8.2024
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy...
Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower
21.8.2024
Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report
Crypto Airdrops Ban U.S. Users, but Americans Are Claiming Tokens Anyway
21.8.2024
Airdrop geoblocks help projects avoid tangling with U.S. laws. But the safeguards aren't very effective. America's crypto scene doesn't respect the rules they help write
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
21.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report is Likely to Overstate Weakness
21.8.2024
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024
Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System
20.8.2024
Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated...
Mango Markets’ Future Hangs in the Balance With New SEC Settlement Vote
20.8.2024
Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result...
U.S. Leading Economic Indicators Continue to Fall, No Longer Signal Recession
20.8.2024
The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies
U.S.-Listed Bitcoin Miners Have the Upper Hand Over Unlisted Peers: Bernstein
20.8.2024
The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said
U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest
20.8.2024
Coin Center Wins Right to Sue U.S. Treasury, IRS Again Over Controversial Tax Reporting Rule
19.8.2024
Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it says is an “unconstitutional” amendment to the tax code that would require Americans to disclose the details of certain crypto transactions to the Internal Revenue Service (IRS)
Goldman Sachs Lowers US Recession Risk to 20%
19.8.2024
Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession...
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
18.8.2024
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors...
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
18.8.2024
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised...
Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash
18.8.2024
Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger...