On Thursday, President Donald Trump signed an executive order authorizing the creation of a strategic bitcoin reserve. The reserve will hold bitcoin obtained by the US government through criminal or civil asset forfeiture proceedings. According to billionaire David Sacks, the White House “crypto czar,” the estimated 200,000 bitcoin the US government currently has will be […]
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Trump Names Cryptocurrencies in Strategic Reserve
U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each. Trump said on social media that his January executive order on digital assets would create a stockpile of currencies including bitcoin. The names had not […]
Continue ReadingKYC is Becoming a Key Legal Requirement for Mining Pool Providers
As the cryptocurrency industry matures, governments and regulatory bodies worldwide are increasingly focusing on Know Your Customer (KYC) compliance. While exchanges and wallet providers have long been subject to stringent KYC and Anti-Money Laundering (AML) regulations, mining pool operators are now facing similar scrutiny. Mining pools play a crucial role in securing blockchain networks and […]
Continue ReadingFBI Arrests Alabama Man in Hack of SEC’s X Account
FBI officials arrested an Alabama man Thursday for allegedly hacking the Securities and Exchange Commission’s X account this year as part of an attempt to promote bitcoin. Eric Council Jr., 25, was slated to appear Thursday in the U.S. District Court for the Northern District of Alabama on charges of conspiracy to commit aggravated identity […]
Continue ReadingDonald Trump’s Crypto Coin
Former president and Republican frontrunner Donald Trump is launching a crypto coin tomorrow, but the cryptocurrency is significantly different from many others in the crypto market. Trump will be offering a token for World Liberty Financial (WLFI), which is a decentralized finance platform. The waitlist opens tomorrow at 8 a.m. ET in what Trump has […]
Continue ReadingJobless Claims Drop
Jobless claims drop to 3-week low of 230,000. Still no sign of rising U.S. layoffs. The numbers: The number of Americans who applied for unemployment benefits last week fell by 10,000 to a three-week low of 230,000, offering further evidence that the labor market remains rock solid. New jobless claims slipped from a revised […]
Continue ReadingUS Has a Teacher Shortage
Surrounded by kindergarteners, Lana Scott held up a card with upper and lower case Ys, dotted with pictures of words that started with that letter: Yo-yo. Yak. Yacht. “What sound does Y make?” Scott asked a boy. Head down, he mumbled: “Yuh.” Instead of moving on, she gave him a nudge. “Say it confident, because […]
Continue ReadingInflation Eases Again
Inflation eased for a seventh month straight in January, but interest rates will keep rising as the Fed works harder to root stubbornly high prices out of the economy. Data released by the Bureau of Labor Statistics on Tuesday morning showed prices rose 6.4 percent in January compared to the year before. That marked a […]
Continue ReadingNYC Ending COVID-19 Vaccination Mandate
New York City, which once had the nation’s strictest workplace vaccination rules for COVID-19, is ending one of its last such mandates, saying it will no longer require the shots for municipal employees including police officers, firefighters and teachers. The vaccine mandate, which led to the firing of hundreds of city workers who declined to […]
Continue ReadingA 30% National Sales Tax
A 30% national sales tax? Abolishing the IRS? What the FairTax Act of 2023 would do. There is hardly an area of American life more subject to partisan debate than the tax code. Democrats want to raise taxes. Republicans want to slash them. At least that’s how the well-worn narrative goes. But, in actuality, debate […]
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