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White House proposes crypto regulations to boost federal revenue

White House proposes strict crypto regulations to boost federal revenue

U.S. President Joe Biden’s latest budget proposal, unveiled on Monday, introduced a series of measures targeting the cryptocurrency sector that the administration suggests could generate substantial revenue for the government.  Central to the proposal are plans to apply wash sale rules to digital assets, impose an excise tax on crypto mining, and enforce stricter reporting […]

Rise of Autonomous Weapons: A New Era in Military Technology

Weapons

In recent years, the rapid advancement of artificial intelligence (AI) has brought about a profound shift in military technology, with several nations developing autonomous weapons systems capable of making life-or-death decisions without human intervention. This emerging technology, often referred to as “killer robots,” represents a significant turning point in modern warfare, raising critical ethical, legal, […]

The $33 Trillion US Debt Wake-up Call: Why Bitcoin Matters Now More Than Ever 

The $33 Trillion US Debt Wake-up Call Why Bitcoin Matters Now More Than Ever

This year, Bitcoin and other cryptocurrencies have faced challenges amid increasing pressure from the Federal Reserve on financial markets. With the U.S. national debt skyrocketing to an astounding $33 trillion, concerns are mounting that the United States might be caught in a debt downward spiral, setting off a self-reinforcing cycle that the Federal Reserve might […]

Strengthened Economic Ties between the United States and Vietnam

United States

In a significant diplomatic move, the United States and Vietnam have taken substantial steps to enhance their economic cooperation, emphasizing cutting-edge technology sectors such as artificial intelligence (AI) and semiconductor manufacturing. A recent high-level summit between U.S. President Joe Biden, Vietnamese government officials, and corporate leaders marked a pivotal moment in their shared pursuit of […]

Here are the 3 drivers that hold the future of crypto in the United States 

Crypto

One of the most pertinent questions around crypto assets is, will these digital assets still be around in the future? Will the assets ever amount to something, or will regulation finally push them offshore? For most crypto enthusiasts, the technology is here to stay. However, there are still more questions than answers, even as investors […]

US economy shows resilience with 2.4% growth in Q2 2023

The US economy demonstrated robust performance in the second quarter of 2023, surpassing expectations despite the Federal Reserve’s aggressive interest rate hikes. According to preliminary figures released by the Department of Commerce, the world’s largest economy grew at an annualized rate of 2.4% between April and June. This marked an acceleration from the first quarter’s […]

White House opposition derails negotiations on US stablecoin bill

White House opposition derails negotiations on US stablecoin bill

The US House of Representatives has hit a roadblock in its efforts to create a comprehensive framework for payment stablecoins. The negotiations have stalled, with Republicans blaming the White House for the impasse. House Financial Services Chair Patrick McHenry announced that progress had stalled due to opposition from the White House. Despite the bipartisan efforts, […]

U.S inflation rate drops to 4.9% in April—What it means for the crypto market

U.S. Inflation Rate Drops to 4.9% in April—What it means for the crypto market

The Bureau of Labor Statistics (BLS) has released the Consumer Price Index (CPI) data for April, showing U.S. inflation fell to 4.9%, a steady decline from March’s 5%. The All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in April, following a 0.1% rise in March. Potential Federal Reserve response The primary cause […]

BRICS currency could diminish the power of US sanctions—here’s what you need to know

BRICS currency could diminish the power of US sanctions—here's what you need to know

Historically, when the United States imposed sanctions on other countries, their economies often crumbled as allies halted business dealings, leading to financial paralysis and a sharp decline in GDP. These sanctions showcased the power of the US dollar in the global economy and forced rogue nations to toe the line. However, under the Biden administration, […]

Crypto mining faces huge tax hike in the US, will it kill the industry?

Arkansas approves 'right to mine' Bitcoin bill to protect crypto miners

Under President Joe Biden’s budget proposal, US crypto miners could be subject to a 30% tax on electricity costs to reduce mining activity. According to a supplementary budget explainer paper released by the Department of the Treasury on March 9, any firm using resources for digital asset mining – whether owned or rented – would […]

SEC wants to end cryptocurrencies, defense lawyer says

The SEC doesnt want to regulate crypto it wants to kill it in

The Securities and Exchange Commission (SEC) is attempting to put an end to cryptocurrencies such as Ripple in the United States, according to James K. Filan, a defense lawyer. However, this could have devastating consequences for investors, innovators, technology companies, and anyone involved in cryptocurrency transactions. On Tuesday, November 7th of 2022, the district court […]

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