Tag Archives: United States

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

The leading US-based cryptocurrency exchange, Coinbase, announced yesterday that it plans to explore new altcoins and take them under consideration for future listing on its platform. As a result, the prices of the mentioned altcoins spiked substantially.According to Max Keiser, however, some of the coins exist only to be listed on Coinbase, making the latter “technically a casino.”Coinbase Exploring a Set of New Coins to ListCoinbase is the leading cryptocurrency exchange in the United...

A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors own a form of cryptocurrency. The highest level of interest came from Europe, followed by the US.Institutional Investors Choose CryptocurrenciesAccording to the report from Bloomberg citing the survey from Fidelity, 36% of all 774 participants said that they own digital assets or derivatives. When broken down into smaller categories, the...

The Federal Reserve of Philadelphia believes that central bank digital currencies (CBDCs) could significantly impact global finance. In a recent paper, the Fed even suggested that digital currencies could replace commercial banks if they manage to tone down any associated risks.Fed Philadelphia Pro-CBDCIn its comprehensive report on the matter, the Fed examined the potential merits and drawbacks of CBDCs in an ever-digitalizing world.“The introduction of a CBDC can represent an important...

Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies.At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts.Coinbase To Sell Analytic Software To Government Agencies?The public records link the popular cryptocurrency exchange with the Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS)....

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

The protests over George Floyd’s death in the US have escalated well beyond the country’s borders are people from the entire world are showing their support.However, what started as a peaceful demonstration become something much worse, as looters have destroyed and robbed a multitude of stores throughout the country.Amid all this turmoil, someone has created a somewhat cynical cryptocurrency called George Floyd token, perhaps aiming to monetize the ongoing unrest.George Floyd TokenGeorge...

The President of the United States, Donald Trump, has tapped Hester Peirce for a second term as a member of the Securities and Exchange Commission (SEC) as her current one is set to expire on June 5th, 2020. Peirce is a vocal defendant of Bitcoin as she opposed the rejections of a Bitcoin-based ETF by the Commission.Hester Peirce For A Second Term At The SECAccording to a Bloomberg Law report from today, the President of the United States, Donald Trump, has nominated Hester Peirce for a...

Avanti Financial Group – the cryptocurrency-native institution announced by the former Wall Street veteran Caitlin Long – has closed an angel round of funding for $5 million.Led by the University of Wyoming Foundation, the funds raised from the series will allow Avanti to comply with all required milestones in its application for a bank charter.Avanti Raises $5MPer the recent announcement, numerous prominent investors participated in the angel round, both inside and outside of the...

The United States government has recently added a top Venezuelan official to its list of most-wanted fugitives while offering millions of dollars as rewards to anyone who can provide useful information that would lead to his arrest. A Monday statement revealed that the U.S. Immigration and Customs Enforcement’s (ICE), a unit of the Homeland Security Investigations (HSI) New York is looking for Joselit Ramírez, the head of Venezuela’s national cryptocurrency Petro. A $5 Million RewardRamírez,...