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$60K meets whale sellers: 5 things to watch in Bitcoin this week
15.3.2021
Inflows to exchanges spike as BTC/USD drops under $58,000 — what could happen next?
Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust
12.3.2021
An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC...
We Did It, Joe!
10.3.2021
It’s happening, y’all—the Democrats in Congress, with no Republican support whatsoever, have passed the $1.9 trillion covid-19 relief package, and President Joe Biden is expected to sign it on Friday. I am literally crying right now, thinking of all of the people this ambitious legislation will...
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...
John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges
6.3.2021
Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy...
‘The Fed Is Trapped’- Erratic Bond Markets, Exhausted Supplies, Analyst Says Tsunami of Treasury Issuances Underway
5.3.2021
The U.S. Federal Reserve is in a predicament as fiscal deficits erode the American economy and the nation is seeing a spike in benchmark 10-year Treasury yields. Meanwhile, Federal Reserve Chairman Jerome Powell expressed zero worries about inflation during an interview at a Wall Street Journal...
Law Decoded: Loose ends and long dramas, Feb. 19–26
26.2.2021
Longstanding sagas in crypto saw major plot development and even a conclusion or two in this week's newsletter
US Judge Dismisses Motion Against Bancor After Finding Allegations Inadequate to Give It Jurisdiction
24.2.2021
A Manhattan federal judge has dismissed a securities fraud class action against Bancor after ruling that the plaintiff’s allegations were not enough to give the court jurisdiction. According to a report, the dismissal of the case against represents the first such ruling “in a suite...
Fed chair says it's up to Congress to bring a digital dollar to market
24.2.2021
Jerome Powell added that the Federal Reserve needed to consider the health of other markets when creating a digital currency
All of the Federal Reserve's wire and ACH systems are down
24.2.2021
"A Federal Reserve operational error resulted in disruption of service in several business lines," said Jim Strader from the Richmond Fed
The Fed Is Carefully Examining Digital Dollar — Chairman Jerome Powell Says ‘Very High Priority Project for Us’
24.2.2021
Federal Reserve Chairman Jerome Powell has provided an update on the progress of a digital dollar. He confirmed that it is a “very high priority project” for the Fed, and agrees with U.S. Treasury Secretary Janet Yellen on the benefits of issuing a digital dollar. The Fed Is Looking...
Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer
23.2.2021
A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer. This is “a new role in which she will lead efforts to identify, research, enable and advocate for new technologies,” the Fed explained....
Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K
22.2.2021
Fresh criticism from the U.S. treasury secretary fuels an already fierce correction, briefly taking Bitcoin to $47,400 lows
Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar
21.2.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard...
As Millions Drown in Today’s Poverty Trap, Macro Strategist Raoul Pal Says ‘Bitcoin Is a Life Raft’
18.2.2021
Global Macro Investor CEO, Raoul Pal, discussed the current economy this week and asked his 394,000 followers if people are using the wrong denominator when it comes to certain economic factors. One thing’s for certain, wages have not increased, no matter the common denominator people use...
Why the US Needs Bitcoin
17.2.2021
Elon Musk and other VIPs have endorsed it. Here's why the Federal Reserve should seriously consider BTC for its balance sheet
Head of St Louis Fed Says Bitcoin Not a Challenge to US Dollar’s Global Dominance
17.2.2021
James Bullard also likened bitcoin to gold as a safe-haven asset
People don't want a ‘non-uniform currency’ like Bitcoin, says Fed President
16.2.2021
"It's going to be a dollar economy as far as the eye can see," said James Bullard
3-way Partnership: LuLu Exchange, Federal Bank, and RippleNet
12.2.2021
LuLu International Exchange, a financial service provider and market leader in the foreign exchange space, has entered into a strategic partnership with Federal Bank exchange, a foreign exchange bank in India, in association with RippleNet Cloud, a global payment exchange. LuLu Exchange identified...
Federal attorneys are investigating meme-led trading in GME, AMC and silver: WSJ
11.2.2021
The Justice Department joins CFTC and SEC probes into wild markets facilitated by Robinhood and other apps for retail traders