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News The head of the United States Federal Reserve has admitted current economic policy is “not sustainable” — but that it is not its job to fix it. Speaking during testimony before Congress’ Joint Economic Committee on Nov. 13, Jerome Powell noted that currently, U.S. national debt is growing fas..
The U.S. Commodity Futures Trading Commission (CFTC) made history in December 2017 for being the first major regulator in the world to formally greenlight bitcoin futures products. Now we know there was more to the approval than was previously known. In comments made to CoinDesk and during a presen..
Over the past few years, central bankers have grown enamored with negative interest rates. Monetary authorities believe that this policy, which amounts to banks and consumers losing money through the use of the fiat system, can help stave off economic downturns. Indeed, asset markets have been on o..
Pressure continues to mount against cryptocurrencies. In an interview with the Australian Broadcasting Corporation, a leading official of the United Nations, Neil Walsh, pushed anti-crypto rhetoric, alleging that these digital assets can be used in criminal activity. Crypto is “Another Layer to Cr..
Top Trump administration members — including President Trump himself — have recently been taking increasingly open stances against cryptocurrencies. A related thread has unfurled this week as the White House coordinated with various agencies to publish two advisories that, in part, highlighted how ..
There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic blockchain talkin..
The Chinese yuan just faced a major selloff as the U.S.-Chinese trade war is worsening. President Trump has blasted his Chinese counterparts anew over “currency manipulation.” Accordingly, U.S. stocks have taken a blow because economic nervousness is rising. Yet mainstream nervousness seems to have..
News In a major escalation against socialist president Nicolás Maduro, Donald Trump’s administration has frozen all Venezuelan government assets. The United States’ hawkish move has been reflected in a new all-time-high for peer-to-peer trading volume on LocalBitcoins in the country. Trump takes ..
A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think the recen..
Bitcoin has had a monumental morning on the Asian trading session. With a 10 percent surge on the day BTC has reached a three week high while in China, the Yuan collapses to a 10-year low against the greenback. Are the Chinese loading up on bitcoin? Yuan Down Bitcoin Up As we have seen on countless..
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