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Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald Trump … Read more
The report included 35 pages seemingly aimed at debunking the merits of crypto assets. Go to Source Powered by WPeMatico
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Go to Source Powered by WPeMatico
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources. Go to Source Powered by WPeMatico
The Biden administration wants to apply the wash sale rule to digital assets. Go to Source Powered by WPeMatico
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country’s national interests. Go to Source Powered by WPeMatico
Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they beg political interests and bad actors … Read more
Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year. Biden Administration Opposes Bill for Rescinding Funding for … Read more
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection’s floor value is now .49 ether or roughly $578. Trump NFTs … Read more
Elon Musk has started rolling out a $7.99-a-month Twitter Blue subscription service. U.S. President Joe Biden, however, is concerned that the billionaire has bought a social media platform “that spews lies all across the world.” Stating that there are “no editors anymore in America,” Biden stressed: “How do we expect kids to be able to … Read more
