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Activision Blizzard Hires Former Trump Administration Member Once Decried As ‘Bully’
30.3.2021
Today, Activision Blizzard announced the promotion of Blizzard chief commercial officer and the chief operating officer Armin Zerza to CFO of the whole company. What it did not announce to the public is that it has also hired a new chief administrative officer: former Donald Trump administration...
New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’
29.3.2021
A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, ​bitcoin is also set to be featured in more of...
The Fed Plans to Unveil Digital Dollar Prototypes in July
28.3.2021
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes...
Survey Shows 77% of Americans Are Concerned About Rising Inflation, Prices for Goods Are Soaring
28.3.2021
Since well before the Covid-19 outbreak was found in America, the U.S. Federal Reserve invoked a number of monetary easing policies. Then throughout 2020, the central bank created a quarter of all the USD ever issued in less than 12 months to help the economy during the outbreak. Despite Fed Chair...
Bitcoin price bounces at $50K amid 4-month highs for DXY
25.3.2021
Federal Reserve Chair Jerome Powell hints that monetary stimulus could be withdrawn thanks to "substantial progress" in the U.S. economic recovery
German federal bank runs successful blockchain system without a CBDC
24.3.2021
Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed
Federal judge's decision could be a blow for the privacy rights of crypto users
23.3.2021
The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra
Report: JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends
23.3.2021
On March 19, 2021, the U.S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U.S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak....
US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones
23.3.2021
A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies. A federal court incited Sky Global for allegedly having facilitated criminal organizations to launder millions worth in crypto. Sky Global Is Also Accused of Remotely...
Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold
22.3.2021
Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored...
Bitcoin is 'more a substitute for gold than the dollar' — Fed Chair Powell
22.3.2021
Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms
Bitcoin’s new use case? A report card for how the US handles the dollar
21.3.2021
An important new role for the world’s first cryptocurrency as an inflation gauge — or just another fantasy of Bitcoin maximalists?
CBDCs won’t entirely replace cash if the US Fed gets its way
18.3.2021
The U.S. does not want cash to go extinct in the presence of a CBDC, according to the Fed’s chairman
The 10 Best Deals of March 18, 2021
18.3.2021
Thursday’s Best Deals | Kinja DealsRead more
Why Medicare for All Must Be Part of the Green New Deal
17.3.2021
In 1991, Larry Barragan got word that the oil refinery in Long Beach, California where he was working would be closing. It was one of the scariest moments of his career. Barragan was nervous about losing his income, but even worse was the thought of losing his health insurance, especially because...
Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to ‘High-Flying Assets’ Like BTC
17.3.2021
Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming...
$60K meets whale sellers: 5 things to watch in Bitcoin this week
15.3.2021
Inflows to exchanges spike as BTC/USD drops under $58,000 — what could happen next?
Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust
12.3.2021
An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC...
We Did It, Joe!
10.3.2021
It’s happening, y’all—the Democrats in Congress, with no Republican support whatsoever, have passed the $1.9 trillion covid-19 relief package, and President Joe Biden is expected to sign it on Friday. I am literally crying right now, thinking of all of the people this ambitious legislation will...
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...