While the exclamation “that’s impossible” gives rise to a lot of slammed doors in the normal world of commerce, it cannot be stressed enough that the business environment in Silicon Valley is anything...
Tag: Federal
Investors: Federal Reserve’s Inflation Fight Moves From ‘Passive’ To ‘Active’ Tightening
Fed Chair Jerome Powell Delivers Semiannual Monetary Report At Senate Hearing on June 22, 2022 in … [+] Washington, DC (Photo by Win McNamee/Getty Images) Getty Images The Federal Reserve’...
Federal financial regulators ‘sound like Sam Bankman-Fried’
California Representative Brad Sherman, who repeatedly called for a ban on United State residents buying crypto, accused leaders at several financial agencies of parroting former FTX CEO Sam Bankman-F...
Federal Reserve Bank of New York Launches CBDC Pilot Program
3 hours ago | 2 mins read Altcoin News New York Innovation Center (NYIC) will participate in a proof-of-concept project. The pilot project will explore the potential of a regulated liability network ...
US Federal Judge Grants Motion to File Amici Briefs in Ripple vs SEC Case
Judge Torres is doing all she can to leave no stone unturned in the lawsuit that has spanned close to 2 years now. The ongoing legal brawl between blockchain payments firm Ripple Labs Inc and the Unit...
FTX Doom Draws Dozens of Federal, State, International Agencies
Regulatory agencies around the world are in contact with FTX lawyers, who have said there could be anywhere from 100,000 to more than one million users affected by the exchange’s shock bankruptcy. The...
Bitcoin Always Does This After Federal Reserve FOMC Meetings
The Bitcoin (BTC) price action has kept traders and investors on the edge of their seats as macro factors keep pulling prices down. The Federal Reserve continued its aggressive monetary policymaking,...
New York Federal Reserve Partners With MAS to Research on wCBDCs
A new collaboration between the Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) has been confirmed to be targeted toward research int...
Texas Federal Judge Blocks Biden’s Student Loan Relief Program
Topline President Joe Biden’s student loan relief program was struck down by a Texas federal judge who deemed it an “unconstitutional exercise” on Thursday, putting the plan in further jeopardy after ...
Prosecutor Defeats Chewbacca Defense In An Actual Federal Court Case
In a case of real life not quite imitating art, a prosecutor who compared a defense attorney’s closing arguments to the Chewbacca Defense was able to win at trial. Although the prosecutor made an “imp...
FTX Faces Federal Probes as FTX Ventures, Alameda Sites Go Dark
Key Takeaways The websites of FTX Ventures and Alameda Research went offline today amidst FTX’s solvency issues. The takedown occurred around the time that Bloomberg reported an expanded regulat...
LBRY Sold Tokens as Securities, Federal Judge Rules
The SEC sued LBRY in March 2021, alleging that LBC tokens were securities and that the startup had violated securities laws by selling them without registering with the agency. LBRY pushed back, claim...
Revealed: 11 factors that overshadow crypto in terms of risk – US Federal Reserve Bank
The traditional financial market has been a high critic of crypto in terms of risk. A report shared by the BOG of the United States of America (US) Federal reserve system from a survey by the Federal ...
Federal Reserve: Rising Rates Raise Two Key Questions
Fed Chair Jerome Powell at news conference following FOMC meeting, Nov. 2. (AP Photo/Patrick … [+] Semansky) Copyright 2022 The Associated Press. All rights reserved. Fed Chair Powell confirmed ...
Twitter employees file lawsuit claiming mass layoffs violate federal law requiring notice
A class-action lawsuit was reportedly filed against Twitter on Thursday on behalf of workers claiming the company’s intended layoffs violate a federal law requiring 60 days’ notice for employees...
US jobs number signals strength; Federal Reserve President hints at “higher endpoint”
The US jobs report for October proved to be a bit of a mixed bag but showed that demand remains robust, labour market conditions are tight and participation rates remain relatively unchanged. Despite ...
Canada’s Federal Government Begins Consultations on Digital Currency
The federal government of Canada announced in a budget update released Thursday that it has started discussions on “cryptocurrencies, stablecoins and central bank digital currencies (CBDCs).R...
Zombies run for shelter as Federal Reserve hawks look to a higher dot plot
As expected, Jerome Powell and the Federal Reserve raised interest rates by 75 bps for the fourth consecutive time this year, to the 3.75% – 4% corridor. This was in line with market expectation...
Bitcoin Tanks After Federal Reserve Announces 75-Basis Point Rate Hike
The U.S. Federal Reserve announced a 75 basis point hike in interest rates on Nov. 2, 2022, causing crypto and stock markets to tank. After the hawkish speech by the Federal Reserve chairman Jerome H...
Federal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600
The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting. As usual, Bitcoin experienced vola...
Tether Bank Fraud Probe Gets Fresh Look from U.S. Federal Prosecutors
Alex Dovbnya There’s a new development in the Tether bank fraud probe, according to a Monday report by Bloomberg According to a report published by Bloomberg this Monday, a new team of federal prosecu...
State And Federal Charges Announced Against Paul Pelosi Attack Suspect
Topline The Department of Justice and San Francisco District Attorney’s office announced charges Monday against the man accused of attacking House Speaker Nancy Pelosi’s husband Paul Pelosi last week,...
40% of households will pay no federal income tax this year. Why that’s good news.
Millions of workers are bouncing back — and making enough money to pay Uncle Sam. Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic...
Federal Prosecutors Take Over Tether Investigation, Looking Into Potential Fraud Committed by Executives: Report
The New York Justice Department is taking over a year-old investigation into top stablecoin issuer Tether. Washington federal prosecutors warned top Tether executives last year that they could be char...
Federal Taxes Will Hit a Lot More People This Year
Few things are more pleasant that when an accountant runs through what you’ve earned and paid and confirms that you will not owe any extra taxes in April. On the other hand, few things are worse...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry – Regulation Bitcoin News
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” t...
Find Here, How Federal Law Enforcement Define Crypto Regulation
The Federal Law Enforcement depicted the vital role in developing digital asset regulatory guidance. It explained that its enforcement efforts are battling the abuse of digital assets. The Federal Law...
Save Billions by Using the Blockchain to Distribute Federal Disaster Relief Money
Disbursements are right in the blockchain’s sweet spot. While it would not yet be a simple “off-the-shelf” purchase, a fraction of the lost $8 billion (or much more) devoted to R&D by such agencie...
20 dividend stocks that may be safest if the Federal Reserve causes a recession
Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions. But it’s too early to get excited, because the Federal Reserve hasn’t given ...