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The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets
As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving…
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Italy Imposes Punitive 26% Tax On Crypto Profits
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors. The policy shifts, which…
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30% Digital Mining Energy Tax; White House Advisors Push For Regulation
On Tuesday the White House’s Council of Economic Advisors (CEA) discussed that a Digital Asset Mining Energy (DAME) excise tax should be…
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Samsung Ban Employees From Using AI Tools Like ChatGPT
Samsung Electronics Co. is prohibiting their employees from using generative AI tools like ChatGPT, according to a Bloomberg report. The company has…
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Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain…
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MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced its first-quarter 2023 financial results. The company added…
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United States May Fund Its Deficit By Printing More Money; Could Default By June 1st
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains that the United…
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United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected
Financial markets worldwide are abuzz with talk of the US Federal Reserve’s (Fed) upcoming decision to raise its benchmark lending rate to…
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Binance Launches SUI Farming With Staked BNB And TrueUSD
Cryptocurrency exchange Binance has unveiled its 33rd project on Binance Luanchpoool, Sui, that allows users to farm SUI tokens using staked BNB…
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BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen…