U.S. Congressman Suggests That Crypto Should Be New Gold Standard
The North Carolina Republican has joined other conservatives who have recently come out in support of cryptocurrencies.
The North Carolina Republican has joined other conservatives who have recently come out in support of cryptocurrencies.
During every bullish/bearish phase, at least a handful of cryptos manage to defy the broader market trend. Something similar has been seen of late too. Despite the humdrum state of the market, a few not-so-prominent altcoins have been carrying on with their respective rallies.
A German regulator said it was launching a security investigation into certain Chinese-made smartphones after Lithuania warned of built-in censorship and surveillance capabilities.
It may seem like ancient history now, but back in January the great WallStreetBets short squeeze was all the rage, having sent heavily shorted meme stocks like GME and AMC to unprecedented heights as millions of retail daytraders used their Robinhood account to pile on and buy in wave after seemingly endless wave in the process crushing reputable hedge funds such as Melvin Capital which needed multi-billion capital infusions to avoid being margin called to death. That wave, however, came to an abrupt end on January 28 when Robinhood took the unprecedented action to “render the financial system inaccessible” to millions of customers and investors, as a recently filed class-action lawsuit claims, when it went into sell-only made as the retail brokerage found itself short on regulatory capital as a result of the unprecedented buying tsunami, and imposed temporary bans on purchases of 13 heavily shorted stocks in the process ending the epic momentum wave and allowing a fresh round of short sellers – which the lawsuit claims included such financial scions such as Citadel – to generate material profits.
Democratic Senator Richard Blumenthal blasted the Biden administration Tuesday over the botched US withdrawal from Afghanistan, urging that the chain of command has broken down.
The Foreign Minister of Panama has warned US officials of 60,000 Haitian illegal immigrants traveling through Latin America in hopes of entering the United States, according to reporting Wednesday night from Axios.
League hopes to build ‘baseball ecosystem’ in China.
On Tuesday, American payment company Affirm announced that it plans to launch a debit card that will add cryptocurrency buying and selling functions, allowing users with affirm’s savings accounts to buy and sell cryptocurrencies freely.
A report from Congress’ nonpartisan scorekeeper for tax policy reveals that the Democrats’ pending tax bill will raise taxes on the middle class — breaking one of President Biden’s key campaign promises.
United Airlines is planning to fire nearly 600 employees who have refused to get vaccinated against Chinese coronavirus, the Wall Street Journal reported on Tuesday.
Critical information exposing vaccine genocide is now emerging. Attorney Thomas Renz presented this bombshell information at the Clay Clark ReAwaken America Tour event in Colorado Springs this last Saturday.
The US debt ceiling has to be raised very soon. In the words of Treasury secretary Janet Yellen, the consequences for Congress not voting for this can be “catastrophic”. The US could join the likes of other countries who have defaulted on their debt, such as Greece, Argentina and Zimbabwe.
Three European nations ended their Covid restrictions in the month of September, providing hope to other countries looking to get back to normal.
The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC).
A recent survey examined how Americans perceive Bitcoin as a new form of workplace compensation and offered interesting insights into the psychological complexity behind the racing crypto adoption.
The Cardano (ADA) ecosystem is getting a major investment from blockchain tech firm EMURGO.
In a deal worth $1.5 billion, a Chinese state-owned enterprise agreed to purchase the majority of China Evergrande Group’s stake in a commercial bank, marking the latest indication that the country’s authorities are attempting to assist the property giant in resolving some of its financial difficulties.
“I can pretty confidently say that bitcoin has replaced gold, and it will continue to do so.”