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Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
22.8.2024
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
15.8.2024
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy...
Elon Musk Offers to Assist Donald Trump Boost Government Efficiency
14.8.2024
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting...
Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?
13.8.2024
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article...
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
11.8.2024
JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the likelihood of a U.S. recession this year. Jamie Dimon...
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
10.8.2024
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency....
Crypto PACs are spending big on US elections — What it means for the industry
31.7.2024
Political action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars
Sam Altman Sponsored Study Found UBI Increases Spending on Basic Needs and Philanthropy
24.7.2024
A multi-year study sponsored by Openai’s Sam Altman examined the effects of a UBI stipend on the spending patterns of the beneficiaries, finding that most of the money was spent on basic needs. The study, which gave $45 million to thousands of Americans, also determined that the stipend...
Crypto Super PAC spends $1.7M on media buys as Arizona primary looms
23.7.2024
Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District
The First Descendant: Is Caliber Worth Spending Real Money On?
16.7.2024
Free-to-play loot shooter The First Descendant takes a page out of every freemium game with multiple forms of currency—the majority of which you earn in-game and upgrade various stats, items, and characters with. But there’s one that requires real money, and that’s Caliber.Read more
Decade after Ethereum ICO: Blockchain forensics end double-spending debate
11.7.2024
Magazine and Gray Wolf’s investigation concluded that Bitcoin was not double spent in Ethereum’s 2014 ICO, but illicit actors may have laundered their dirty crypto
IMF Advises US to Keep Interest Rates Steady Through Late 2024
4.7.2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks...
Polkadot’s $245M Treasury Will Last 2 Years at Current Spending Rate
2.7.2024
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses
Nobel Laureate Paul Krugman Claims ‘Inflation Bump Is Over’ — Peter Schiff Says Krugman’s View ‘Should Be Dismissed’
3.6.2024
Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s...
Bitpay Partners With Moonpay to Enhance Crypto Selling Experience on App
7.5.2024
On Tuesday, the crypto payments processor based in Atlanta, Bitpay, revealed its collaboration with Moonpay. The partnership, Bitpay emphasized, enables users to sell bitcoin and other crypto assets directly through the Bitpay app. Bitpay Now Allows Direct Sales via Moonpay Partnership Users of...
Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds
6.5.2024
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real...
Meta drops 15% on weak outlook and high AI and metaverse spending
25.4.2024
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products
Super Sushi Samurai Token Crashes by 99% After Critical Exploit
22.3.2024
Following a critical double-spending glitch, the GameFi project Super Sushi Samurai token's market value plummets 99.9% with $4.8 million withdrawn from its liquidity pool.
The post Super Sushi Samurai Token Crashes by 99% After Critical Exploit appeared first on Cryptonews
Terraform Labs Secures Dentons Representation Despite Objections, U.S. Court Decides
13.3.2024
US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters. Shannon approved the hiring at a bankruptcy court hearing in Wilmington, Delaware after he deemed Terraform’s legal spending...
President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal
11.3.2024
President Biden's 2025 budget proposal aims to introduce a crypto mining tax and close the wash sale loophole for digital assets. The move faces opposition from House Republicans, who criticize the administration's spending. As the 2024 presidential race heats up, the outcome could shape the future...