The crypto space received more regulatory attention through the end of 2022. The collapse of one of the largest global digital asset exchanges brought massive losses to the industry. This event spurre...
Tag: Federal
Federal Reserve, FDIC & OCC warns About Risks Against Crypto Assets
The Federal Reserve, OCC and FDIC issued a joint statement regarding the potential risk of crypto assets. OCC is reviewing banks asking permission to engage in crypto assets. Acting OCC says crypto i...
Federal Reserve, other U.S agencies warn banks about crypto
Top U.S agencies, including the Federal Reserve, have issued a warning to banks about their interaction with crypto assets. The agencies have indicated that it may be unsafe for banks to accept crypt...
U.S Federal Agencies Warn About The Risks Of Cryptocurrencies
The Federal Reserve, FDIC, and OCC put an effort to maintain sound banking practices despite the risks of crypto. The agencies stressed the need of preventing crypto-related risks from migrating to th...
Federal Reserve warns banks of crypto risks
The Federal Reserve, together with the FDIC, and the Office of the Comptroller of the Currency, issued a joint statement warning banks of the risks of dealing with crypto. The joint statement, publish...
Federal Bank agencies alert Banks & issue crypto-asset risk highlights
Through an official joint statement, the Federal bank regulatory agencies happened to have cautioned the banking institutions against the key areas involving high-risk factors where the crypto assets ...
US Federal Reserve, FDIC warn banks against crypto risks
The US Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) warned banks about the risks involved with crypto in a joint statement on ...
Federal Prosecutors are Investigating SBF-Linked Wallets
Bloomberg reported that federal prosecutors are investigating certain crypto transactions linked to wallets associated with disgraced FTX founder Sam Bankman-Fried (SBF) and his bankrupt crypto tradin...
The Federal Committee may review Binance’s Voyager deal
The U.S. recently announced that the Committee on Foreign Investments in the United States (CFIUS) might need to evaluate Binance‘s takeover of Voyager in its notice filing, as it could involve a pote...
Binance.US deal with Voyager may fall under federal committee review
An agreement between Binance.US and bankrupt crypto lender Voyager Digital may be subject to review by the Committee on Foreign Investment in the United States (CFIUS), court filings showed. The...
Joe Biden’s Happy New Year In Federal Regulation
Tomorrow is New Year’s Eve. Today, December 30, 2022, is the last federal workday of the year. This affords the opportunity to survey the Federal Register and the flow of federal regulations for the s...
Donald Trump paid $0 in taxes in 2020. He’s not alone: 60% of households paid no federal income tax that year, but for very different reasons.
It’s not that unusual. Former President Donald Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxati...
Bankman-Fried May Plead Next Week Before Judge Lewis Kaplan In NY Federal Court
According to a report published by Reuters on December 28 that cited court records, former CEO of the FTX cryptocurrency exchange Sam Bankman-Fried is scheduled to appear in court on the afternoon of ...
Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan
Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to the coll...
Will Federal Reserve Rate Hikes Pull Down Inflation? Probably Not, New Research Shows
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open … [+] Market Committee meeting in Washington, DC on July 31, 2019. – The US Federal Reserve ...
How to Calculate Your High-3 for Federal Retirement
SmartAsset: How to Calculate Your High-3 for Federal Retirement Federal workers receive a monthly income in retirement based on specific formulas. While these formulas vary depending on certain factor...
Congress Passes Bill To Ban TikTok From Federal Devices
Topline Congress approved a ban on TikTok from federal devices Friday as part of a larger government spending bill, amid a recent surge by state governments banning the app—owned by Chinese firm ByteD...
Free Talk Live Co-Host Ian Freeman Found Guilty in Federal Crypto Trial – Bitcoin News
After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene r...
Federal Court Bans “FAKE” Partners From Releasing Pokemon NFTs
An Aussie company has falsely claimed to be in partnership with TPCI. The organization said they were involved in the development of Pokemon games. Federal court has barred them from releasing NFTs as...
Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill
Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...
Millions at risk of losing Medicaid in the spring under $1.7 trillion federal spending bill
Millions of people who enrolled in the Medicaid public health insurance program during the Covid pandemic could lose their coverage in the spring if their state determines they no longer meet the prog...
Why The Federal Reserve Can’t Solve Food Price Inflation
Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum/Getty Images) Getty Images The Federal Reserve has raised interest rates another 50 basis points, in an attempt to tamp down inflat...
Federal Prosecutors Probe Democrats Over Donations From Sam Bankman-Fried – Regulation Bitcoin News
Several members of the U.S. Democratic Party and campaign committees are reportedly being probed by federal prosecutors over donations from former FTX CEO Sam Bankman-Fried (SBF) and another executive...
The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto
The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry ne...
Federal Reserve Provides Relief in December Rate Hike
The Fed has announced the lowered hike rates in December 2022. Jeremy Powell says the strategy is vital in tackling inflation. The Nigerian food price index shows over 24% inflation in the country. Fe...
How Do Federal Reserve Interest Rate Hikes Hurt Your Retirement Savings?
getty The Federal Reserve just raised interest rates again and continues to take an assertive stand against historically high inflation numbers. What’s that doing to your investment portfolio? “Intere...
Here’s everything the Federal Reserve is expected to do Wednesday
Call it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered looser monetary policy. Prior to this year, the Fed hadn’t boosted benchma...
The Federal Reserve Should Drop FedNow And Any Plans To Launch A CBDC
BRAZIL – 2022/11/02: In this photo illustration, the FedNow Service logo is displayed on a … [+] smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty...
4 takeaways after the last Federal Reserve rate hike
The much-awaited Federal Reserve decision is behind us. The Fed decided to hike the funds rate on Wednesday by another 50bp, bringing it to 4.5%. It was all priced in, just like the outcome of other c...
Federal Reserve raises interest rate by 0.50 percentage point to curb inflation and sees steeper hikes ahead
WASHINGTON – The Federal Reserve is going slower but aiming higher. The Fed raised its key short-term interest rate by half a percentage point Wednesday, dialing back from recent outsize hikes as it d...
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year – Bitcoin News
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutiv...