Crypto community reacts to Biden’s proposed crypto tax reporting rules
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities.
Biden strikes ‘tentative’ U.S. debt ceiling deal: Report
According to one of the sources familiar with the negiotation, there "might be one or two small things they need to finish."
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Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to…
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Bitcoin miner Marathon Digital hit with another SEC subpoena
The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin.
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Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address…
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Will Biden’s plan to tax crypto mining reduce emissions? Critics say no
The tax is intended to reduce greenhouse gas emissions, electricity costs and local environmental pollution, but has not been kindly received by the crypto community.
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Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the possible repercussions this new failure might have on U.S. and…
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Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the…
Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios
According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.