The bitcoin price surged to an intraday high on Monday after US Treasury Secretary Steven Mnuchin made a crucial comment during his surprise press conference on cryptocurrency regulation. Bitcoin Price Shoots to Daily High During Mnuchin Press Conference The flagship cryptocurrency, which traded down after Mnuchin referred to it as a “national security issue,” suddenly […]
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Bitcoin has started to rise once again following a massive dip that threatened to drag price below $9,000. The rise seems to coincide with a statement made by the U. S Treasury Secretary Steven Mnuchin that cryptocurrency especially Libra could be taken advantage of by criminals for illicit activities.
The gap between the Republican and Democrat stimulus plans has not closed during the House recess. The two parties’ proposed packages are trillions apart, and hope for a settlement remains low.
The stimulus talks are not dead. Treasury Secretary Steven Mnuchin shared the status of the talks on Capitol Hill with CNBC before handing the baton over to bitcoin bull Mike Novogratz for his response.
Coinspeaker S&P 500 Aims at All-Time High as the Dow Pulls Gain over 357 PointsFollowing Trump’s newly signed orders, Dow climbed over 350 points while S&P 500 nears an all-time high with its recent gain.
Coinspeaker U. S. $600 Unemployment Aid Comes to Its End, Americans ReactRepublicans have kicked against an extension of the US $600 unemployment boost. They referred to it as “disincentive to work.
Coinspeaker Second Stimulus Package Viewed as Long-Term Bullish Call on Crypto AssetsThe second stimulus package that was confirmed by Treasury Secretary Steven Mnuchin is being viewed as a long-term bullish call on crypto assets.
In a sudden reversal, the Federal Reserve (Fed) has become the largest holder of U. S. Treasury securities in the world. The buying has apparently been driven by the COVID crisis and the mass proliferation of Treasury bonds.