2019-6-6 16:10 |
The European Central Bank has decided to maintain interest rates at the current level for the foreseeable future. ECB said: “The interest rate on the main refinancing operations and the... origin »
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The Dow Jones Industrial Average plummeted more than 250 points during the first half of Thursday’s trading session. It marks the fourth straight day of decline for US stocks. With a barrage of poor economic data and lack of fresh details on the China trade deal, the Dow is crying out for a catalyst to pump higher.
2019-3-8 19:53 | |
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As it stands, there are four central banks that run the financial world, and those are the U.S. Federal Reserve, European Central Bank (ECB), Bank of Japan (BOJ) and the Bank of England (BOE). According to most experts, these institutions are definitely the most powerful, influencing the interest rates of over $41 trillion worth of […]
2018-7-23 10:01 | |
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Nic Carter lays out his arguments against a Bitcoin Strategic Reserve.
Texas lawmakers have introduced a bill to establish a state-managed Bitcoin reserve, aiming to explore the potential role of crypto in public finance. Filed on Dec. 13 by Republican Rep. Giovanni Capriglione, the legislation would allow the state to collect taxes, fees, and donations in Bitcoin, with the assets held for at least five years.
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.
Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […] The post Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea appeared first on CryptoSlate.
Ripple Labs donated $25 million to the Fairshake political action committee (PAC), according to the firm’s CEO Brad Garlinghouse. The donation, which adds to the $78 million Fairshake raised earlier this month, brings the total to $103 million.
Financial services firm Cantor Fitzgerald, which serves as Tether’s banking partner, is looking to work with the stablecoin issuer on a program that will allow clients to borrow dollars against Bitcoin as collateral, Bloomberg reported on Sunday.
President-elect Donald Trump announced Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, as his nominee for Secretary of Commerce on Nov. 19. The decision positions Lutnick, a vocal proponent of protectionist trade measures and cryptocurrencies, at the helm of US economic policy, focused on tariffs and trade reform.