Breaking News: Elon Musk Fights Back – Seeks Dismissal of Whopping $258B Dogecoin Lawsuit!
Tesla and SpaceX CEO Elon Musk is facing a $258 billion lawsuit filed by investors that accuses him of promoting the cryptocurrency Dogecoin through a pyramid scheme. However, Musk and his lawyers have reportedly requested a United States judge to dismiss the lawsuit, calling it a “fanciful work of fiction”. The matter is now in […]
Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities
Ripple CEO Brad Garlinghouse has publicly slammed the US Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. Garlinghouse has expressed his frustration with Gensler’s ambiguous stance on what constitutes a […]
ZeroSync and Blockstream to Broadcast Bitcoin Zero-Knowledge Proofs From Space
Swiss non-profit organization ZeroSync Association and Bitcoin infrastructure company Blockstream have announced their intention to use Blockstream’s satellite to broadcast Bitcoin zero-knowledge proofs, a cryptographic technique that has been one of the hottest blockchain tech trends of the past decade. This move has the potential to revolutionize the way nodes validate the Bitcoin blockchain by […]
Real GDP expands by 0.5% in January vs. 0.3% expected
Recently, the Canadian economy registered a growth rate of 0.5% on a monthly basis in January, according to the report released by Statistics Canada on Friday. This surge came as a relief and optimism to market analysts as the December contraction of 0.1% in the GDP, coupled with the COVID-19 pandemic, had led to a […]
‘The future of banking has no banks,’ Bernstein says. Welcome to ‘hyper-bitcoinization’
Bitcoin and other cryptocurrencies have been the subject of much debate and controversy over the years. However, a recent report from Bernstein analysts suggests that the future of banking may lie in these digital assets. In fact, the report predicts that “the future of banking has no banks,” and instead, will be defined by a […]
New legislation could delay Biden administration’s $42.5 billion broadband program by several months
The Importance of Broadband Expansion Program In today’s world, access to high-speed internet is no longer considered a luxury but has become a necessity for individuals and businesses alike. The Covid-19 pandemic has highlighted the importance of broadband as remote work and learning have become the new norm. However, not everyone has equal access to […]
USD/MXN to head gradually higher toward 18.70 in Q2 – TDS
On March 26th, 2020, the Banco de México, or Banxico, delivered a 25 basis points increase, bringing the policy rate to 7%, in line with its forward guidance from February. As a result, the Mexican peso depreciated by approximately 0.4% towards 18.12 immediately after the announcement, bringing up concerns about the economic outlook for Mexico. […]
BTC Flaunts at Holders With Higher-Highs, States Crypto Analyst
Bitcoin (BTC) is currently displaying positive signs to those who wish to enter the market or hold onto their coins for the next cycle, according to crypto analyst Tedtalksmacro. In his tweet, he notes that Bitcoin has made its first higher-highs (HH) since November 2021 and first higher low (HL) since January 2022 on the […]
Fed’s Collins welcomes ‘bit lower’ PCE inflation but says overall ‘not a lot of progress’
Boston Federal Reserve Bank President Susan Collins recently spoke about the personal consumption expenditure (PCE) price index report for February, noting that while there has been some positive news, inflation remains too high. Speaking to Bloomberg Television, Collins observed that although February data was a “bit lower,” it needed to be considered alongside significantly elevated […]
We are making progress in the fight against inflation
In his recent statement following the release of the February PCE report, US President Joe Biden highlighted the progress made in the fight against inflation. He pointed out that annual inflation had decreased by nearly 30% since this past summer, all while unemployment remained low and steady growth was maintained. Despite these positive developments, he […]