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U.S. Inflation Rises to 7.9% in February, Fresh 4-Decade High
10.3.2022
Bitcoin, seen by some investors as a hedge against rising prices or dollar devaluation, was little changed after the Consumer Price Index (CPI) report, which closely matched economists' expectations
Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order
9.3.2022
LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra...
Final BitMEX Co-Founder Pleads Guilty to U.S. Violations
9.3.2022
Samuel Reed will pay a $10 million fine for violating anti-money laundering rules and also faces a maximum sentence of five years in prison
Biden Signs Executive Order Establishing National Crypto Policy Across 6 Key Priorities
9.3.2022
U.S. President Joe Biden has signed a “historic” executive order on crypto assets, establishing “a national policy for digital assets across six key priorities,” the White House stated. The executive order outlines “the first-ever, whole-of-government approach...
US Inflation Skyrockets, 64% of Americans Live Paycheck to Paycheck, S&P 500 Chart Shows Death Cross Imminent
9.3.2022
Inflation continues to rear its ugly head in the lives of Americans, as 64% of U.S. residents are living paycheck to paycheck. Equities futures indicate Wednesday’s trading sessions may see stocks heal after the last two days of significant capitulation. However, the S&P 500 index...
Goldman Sachs’ Blankfein Asks Why Crypto Isn’t Having a Moment Despite Inflating US Dollar, Freeze Orders
9.3.2022
A Goldman Sachs senior chairman has asked why crypto is not having a moment despite “the inflating U.S. dollar” and governments demonstrating that they can and will freeze accounts under certain circumstances. “Not seeing it in the price, so far,” he said. Goldman...
US Lawmakers Introduce Bill to Sanction Russia’s Gold
9.3.2022
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By...
Cointelli Makes It Easy to Report Coinbase, Binance, and Kraken Transactions to the IRS
8.3.2022
Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button....
Ethereum's TVL dominance drops to 55% as Bloomberg analyst paints $1.7K bearish target
8.3.2022
Ethereum price has been increasingly in lockstep with the Nasdaq, but there's a catch
Renowned Investor Jim Rogers Sees the End of the US Dollar — Says ‘Washington Does Not Play Fair Anymore’
8.3.2022
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says that “what is happening with the U.S. dollar now is the end of the U.S. dollar.” He explained that “an international currency is supposed to be neutral but in Washington...
Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine
7.3.2022
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country....
Wharton Professor Urges the Fed to ‘Bite the Bullet’ and Defend the US Dollar — Warns About Bitcoin Taking Over
7.3.2022
A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the...
US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors, Says Kevin O’Leary
6.3.2022
Kevin O’Leary, aka Mr. Wonderful, has revealed that a group of U.S. lawmakers is working on a policy to open crypto markets to institutional investors. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary....
Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s
4.3.2022
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market...
Charles Schwab Files for ‘Crypto Economy ETF’ With SEC
4.3.2022
Charles Schwab is launching a crypto economy exchange-traded fund (ETF). According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), “Schwab Crypto Economy ETF” will trade on the NYSE Arca. Charles Schwab Registers Crypto Economy ETF With...
Russian crypto volume across major exchanges plunges by 50%
4.3.2022
Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall
US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen
4.3.2022
U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen...
While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes
3.3.2022
Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine...
Bitcoin Miner Mawson Expands U.S. Mining Facility Capability to 7.5 EH/s
3.3.2022
The facility in Sandersville, Georgia, will mainly use nuclear and hydro energy sources
US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia
3.3.2022
U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could...