2024 US Election Spending by Crypto Firms Raises Influence Concerns, Amounting to $134M

Cryptocurrency companies have raised $134 million for political contributions during the 2020 election, prompting regulatory concerns. This surge in spending has caught the attention of government agencies and lawmakers who are worried about the influence of these funds on the electoral process. The influx of money from the crypto industry has raised questions about transparency [...]

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Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On

Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” was Nakamoto’s curt response to questions surrounding the potential solutions [...]

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Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years

Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the United States debt ceiling. According to Schiff, the proposal fails to address the already inflated budget, allowing rises in several budget areas without supervision, which could increase the U.S. national debt by at least $4 trillion in

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FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report

On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury residential real estate for senior staff and family members, as well as on commercial properties. FTX Execs Accused of $243 [...]

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Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months

In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August 5, 2021, just below conventional ETH transfers, is [...]

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Is Multichain guilty of a rugpull? Binance suspends deposits

The MultiChain protocol and its native token, the MULTI, have been in the limelight in today’s crypto news following reports of transactions on the Multichain protocol being delayed across multiple cross-chain bridges without a clear explanation. This has led to a huge sell-off that resulted in the MULTI price dropping by 20% at press time. …

<p>The post Is Multichain guilty of a rugpull? Binance suspends deposits first appeared on CCNC | Cryptocurrency Newscast.</p>

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What is fiscal policy, and why does it matter?

Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important. What is fiscal [...]

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Crypto credit cards spending statistics 2023

Digital Asset Service Providers like crypto exchanges around the world have partnered with popular payment providers like Visa Inc. (NYSE:V), Swipe, and MasterCard (NYSE: MA) to issue crypto credit cards and crypto debit cards to allow users to pay for services and products using their crypto holdings. Crypto credit cards function just like traditional credit …

<p>The post Crypto credit cards spending statistics 2023 first appeared on CCNC | Cryptocurrency Newscast.</p>

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Nigerian Social Payments Platform Bundle Ceases Crypto Exchange Operations

The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital assets to the stablecoin tether on or before Aug. 30. Bundle Says Transition Period Is to [...]

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Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty

On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition A fortnight prior, Bitgo announced its intention to acquire Nevada-based crypto [...]

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Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day

As bitcoin enthusiasts commemorate Bitcoin Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping bitcoin wallet from July 2010 has made a transaction of 50 BTC after almost 13 years. Bitcoin Wallet From 2010 Comes Out of Hibernation on Bitcoin Pizza Day [...]

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]

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Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms

U.S. President Joe Biden says he will not agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk” as the U.S. faces the risk of defaulting on its debt obligations. “I’ve done my part,” Biden stressed, adding that it is now time for the Republicans to move [...]

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SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions | Invezz

Just a day after covering Silicon Valley Bank stock (NASDAQ: SIVB) 60% dip after it announced it was raising funds to cover a loss it made after selling securities at a loss, the SVB closure is causing shockwaves in the crypto market. The California Department of Financial Protection and Innovation (DFPI) ordered SVB to close ...

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<p>The post SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions | Invezz first appeared on CCNC.</p>

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MASQ the Web3 Decentralized Private Browser Powered by Polygon

Here is a very interesting privacy-oriented crypto project that is currently in the works called MASQ, and it is not only a new browser that you might soon find yourself using, but a whole privacy-oriented network with a lot of potential. The MASQ web3 privacy browser operates on top of the core MASQ Node software, […]

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Google feels the bear market as crypto ad revenues slip since July

Alphabet’s revenue from Google advertising was down in Q3 2022, with decreased search spending from financial services and cryptocurrency subcategories highlighted.

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SEC Issues Advisory Against PURECASH, SUGERCOIN, TCREDIT, GOLDAPPLE, SPENDCASH

The Securities and Exchange Commission issued an advisory against 5 entities that are involved in lending activities.

The post SEC Issues Advisory Against PURECASH, SUGERCOIN, TCREDIT, GOLDAPPLE, SPENDCASH appeared first on BitPinas.

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Hotbit Suspends Trading, Withdrawals amid Criminal Investigation

Crypto exchange Hotbit announced it had suspended all financial and trading services as part of the capital was frozen by watchdogs that a former employer was involved in a criminal case that is under investigation. (Read More)

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Taco tokens: Chipotle adds crypto payments via Flexa

Nearly 3,000 Chipotle restaurants across the U.S. will accept 98 cryptocurrencies as the Mexican-style fast food chain partners with Flexa to support crypto payments.

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Bitcoin bulls to defend $40K leading into Friday's $760M options expiry

BTC price struggles to sustain $40,000, but March 18's options expiry might give bulls the $160 million profit needed to keep the positive momentum.

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