The Biden administration has released its first-ever comprehensive framework aimed at regulating digital assets like cryptocurrencies, including cracking down on fraud and fostering financial stability. In March, President Joe Biden issued an executive order seeking to ensure the responsible development of digital assets. Since then, multiple government agencies have been framing policies aimed at pushing…
Biden White House Issues Framework for Regulating Digital Assets
September 16, 2022
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The SEC versus Ripple Labs—XRP’s Fight Against Administrative Overreach
September 2, 2022
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It’s been nearly 20 months since the Securities and Exchange Commission (SEC) sued Ripple Labs for selling XRP as unregistered securities. John Deaton, who represents Ripple in the SEC vs. Ripple Labs court case battle, believes there’s major evidence of overreach by the SEC. In December 2020, the Ripple case was launched by Jay Clayton,…
Bitcoin Dips Below $20,000
August 27, 2022
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Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60 percent from its year high. Bitcoin, the world’s biggest and best-known cryptocurrency, was last down 1.5 percent at $19,946 on Saturday, down $298 from its previous close. It is down 58.7 percent from the year’s high of $48,234 hit…
Crypto’s Comeuppance
July 3, 2022
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Commentary NEW YORK—Bitcoin and associated cryptocurrencies have suffered a precipitous decline from their highs back in November when it was over $60,000. “Bitcoin to the Moon,” a frequent refrain of internet bitcoin advocates less than a year ago, now sounds like the rant of an End of Days prophet traipsing Madison Avenue in a sandwich…
Does Crypto Lending Affect Your Credit Score?
June 19, 2022
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Although very popular and quickly becoming mainstream, cryptocurrency is something that still seems to confuse many people. Throw in a new financial system made up of FinTech companies that provide crypto loans and other crypto-related services. Then things start getting even more confusing, which is why all efforts to unravel this new technology are essential…
How Fed Rate Hikes Could Impact Stocks, Crypto, and Other Investments
By James Royal From Bankrate.com The Federal Reserve raised interest rates at its June 14-15 meeting after hiking rates in March and May. The nation’s central bank is expected to lift the benchmark Fed funds rate by 50 basis points—one-half of a percentage point—according to the CME FedWatch tool. It’s likely not the last increase…
Crypto Firms Cutting Jobs as Market Declines Below $1 Trillion
June 14, 2022
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Multiple crypto firms have announced plans to cut jobs as the digital currency market continues to decline, with its total value falling below $1 trillion on June 13. BlockFi announced a reduction in its headcount by around 20 percent. CEO Zack Prince said in a June 13 tweet, “This is not a decision we take…
Cryptocurrencies Are on Their Way Out
June 1, 2022
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Commentary The cryptocurrency market valuation is less than half of the $2.9 trillion it was worth in November. What’s going on with the cryptocurrency market? More people than ever before have been holding “cryptos” as a safe-haven asset to hedge against inflation and other central bank offenses. It wasn’t very long ago that investors were…
What Are Crypto Debit/Credit Cards and Are They Worth Using?
May 27, 2022
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Cryptocurrencies offer benefits for both customers and businesses alike. Businesses, in general, have gains by accepting cryptocurrency payments and as a result, some have become more open to the idea. Here is what crypto debit/credit cards are—and are they worth using? Customers and businesses face some difficulties when it comes to paying and receiving payments for…
Bill Gates on Why He Doesn’t Own Any Cryptocurrency
Microsoft Corporation founder Bill Gates has said he doesn’t own any cryptocurrency because he prefers to invest in things that have “valuable output.” What Happened Over the weekend, Gates responded to a number of questions from users across the world on a Reddit “ask me anything” thread. In response to one particular question about his thoughts…
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