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SEC Charges 11 People over USD 300M Crypto 'Pyramid Scheme'


The US Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto pyramid and Ponzi scheme that raised over USD 300m from millions of investors worldwide, including in the United States.... Read More: SEC Charges 11 People over USD 300M Crypto 'Pyramid...

Is the US in Recession? Depends on Whom You Ask


D. Brian Blank, Assistant Professor of Finance, Mississippi State University._______ The US economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022. It follows a contraction in gross domestic product of 1.6% recorded in the first...

Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook


Pierre-Olivier Gourinchas is the Economic Counsellor and the Director of Research of the International Monetary Fund (IMF). _________ The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a major concern.... Read More: Global Economic...

US Fed Fires Another 75 Basis Points Rate Hike at Record Inflation


The US Federal Reserve (Fed) has hiked interest rates by 75-basis points, to the interval 2.25 to 2.5%, in line with what most analysts expected. (This is a developing story and is being constantly updated.)... Read More: US Fed Fires Another 75 Basis Points Rate Hike at Record Inflation

Binance CEO Sues Bloomberg's Partner Over 'Shitcoin Casino' Article


Changpeng 'CZ' Zhao, CEO of crypto exchange Binance, seems to be very unhappy with his portrayal by a major media outlet, as he is willing to go to court to fight against it. Zhao has sued the Hong Kong publisher of Bloomberg Businessweek after a Chinese language version of an article allegedly...

Crypto Investor Tips Waitress USD 3K To 'Give Back To Community'


In an unexpected sign of generosity by a customer, a waitress in Pennsylvania, USA, Mariana Lambert, pocketed a tip of some USD 3,000 on a USD 13.25 restaurant order from an out-of-town customer who said he was involved in crypto. Zachary Jacobson, a manager at Alfredo’s Cafe who was at...

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