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Wyoming Senator to Propose Bill for US Central Bank to Hold Bitcoin, Report Says
24.7.2024
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced...
Stonex Bullion’s Analyst Predicts Gold Increase Due to Heightened Political Confusion
23.7.2024
Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary policy. Stonex Analyst Rhona O’Connell: Gold...
Why is Dogecoin price up today?
20.7.2024
Dogecoin is surging on the prospects of interest rate cuts in September and the excitement of a potential pro-crypto stance from Donald Trump
Why is Dogecoin price up today?
20.7.2024
Dogecoin is surging on the prospects of interest rate cuts in September and the excitement of a potential pro-crypto stance from Donald Trump
MAGA memecoin hints at another 'Trump pump' ahead of Bitcoin 2024 conference
19.7.2024
MAGA is painting a classic bullish reversal pattern right ahead of Donald Trump's keynote at the upcoming Bitcoin 2024 conference in Nashville
FTC Calls Xbox Game Pass Price Hike 'Exactly The Sort Of Consumer Harm' It Tried To Stop
19.7.2024
On Wednesday, the Federal Trade Commission pointed to Microsoft’s recent pricing overhaul of Xbox Game Pass as evidence of the harm its merger with Activision Blizzard has had on consumers. The agency filed a new letter in its ongoing appeal of last year’s deal, calling the changes “exactly...
Trump weighing Bitcoin hater Jamie Dimon for US Treasury
17.7.2024
The former president could reveal more details at the Bitcoin Conference in Nashville from July 25 thru 27
Financial Expert’s Contrarian View: Lower Oil Prices, Weaker US Dollar Under Trump
17.7.2024
Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s policies will be deflationary for oil...
Federal Agencies Join Forces to Fight Crypto Scams
13.7.2024
Several federal agencies, including the Federal Bureau of Investigation (FBI) and the U.S. Securities and Exchange Commission (SEC), convened at a Fraud Disruption Conference to combat crypto scams, particularly the “pig butchering” fraud that siphons billions from Americans annually....
Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
12.7.2024
A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal
Coinbase Report: Crypto Market Shook by German BTC Sales; Recovery Expected by September Despite US Economic Slowdown
12.7.2024
The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate selling by the German government and the Mt Gox Rehabilitation Trust...
CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities
11.7.2024
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers...
US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations
11.7.2024
The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of tapping into gasoline reserves ahead of the election...
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...
Fed Chair Powell Reveals No Contact With Biden in 2 Years Amid Economic Challenges
10.7.2024
Amid swirling speculation in Washington D.C. about whether President Joe Biden will seek reelection in 2024 and questions about who really governs the nation, Fed Chair Jerome Powell disclosed that he hasn’t spoken with the U.S. President for over two years. “When any President calls...
Citi Analysts Predict 8 Weeks of Fed Rate Cuts Starting in September, Powell Seeks Evidence
9.7.2024
Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open Market Committee (FOMC) meetings. Nevertheless, Federal...
Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress
9.7.2024
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation
Why is Cardano (ADA) price up today?
8.7.2024
Steady network growth and Charles Hoskinson’s network update are boosting Cardano’s prices at the start of this week
Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals
8.7.2024
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying...