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Elon Musk Can’t Wait to Reform US Government Spending and Regulations
4.9.2024
Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation...
Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed
2.9.2024
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses...
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
2.9.2024
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that...
Vitalik Buterin breaks down 2023 Ethereum Foundation spending
27.8.2024
The Ethereum Foundation increased yearly spending on new institutions, which accounted for 23.8% of the foundation's expenses in 2022
Ethereum Foundation Defends $96.9M Transfer Amidst Criticism
26.8.2024
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s...
Academic Paper Questions Federal Reserve Independence and Exposes Political Ties
24.8.2024
Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship...
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...
Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
22.8.2024
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
15.8.2024
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy...
Elon Musk Offers to Assist Donald Trump Boost Government Efficiency
14.8.2024
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting...
Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?
13.8.2024
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article...
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
11.8.2024
JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the likelihood of a U.S. recession this year. Jamie Dimon...
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
10.8.2024
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency....
Crypto PACs are spending big on US elections — What it means for the industry
31.7.2024
Political action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars
Sam Altman Sponsored Study Found UBI Increases Spending on Basic Needs and Philanthropy
24.7.2024
A multi-year study sponsored by Openai’s Sam Altman examined the effects of a UBI stipend on the spending patterns of the beneficiaries, finding that most of the money was spent on basic needs. The study, which gave $45 million to thousands of Americans, also determined that the stipend...
Crypto Super PAC spends $1.7M on media buys as Arizona primary looms
23.7.2024
Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District
The First Descendant: Is Caliber Worth Spending Real Money On?
16.7.2024
Free-to-play loot shooter The First Descendant takes a page out of every freemium game with multiple forms of currency—the majority of which you earn in-game and upgrade various stats, items, and characters with. But there’s one that requires real money, and that’s Caliber.Read more
Decade after Ethereum ICO: Blockchain forensics end double-spending debate
11.7.2024
Magazine and Gray Wolf’s investigation concluded that Bitcoin was not double spent in Ethereum’s 2014 ICO, but illicit actors may have laundered their dirty crypto
IMF Advises US to Keep Interest Rates Steady Through Late 2024
4.7.2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks...
Polkadot’s $245M Treasury Will Last 2 Years at Current Spending Rate
2.7.2024
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses