President Joe Biden is set to deliver his annual State of the Union Address at 9 p.m. ET on Tuesday, January 20th in front of a newly fragmented Congress and to Americans confused by positive economic signs, a dismal earnings season and ongoing recession predictions. The S&P 500 and Nasdaq Composite are up significantly this … Read more
Plans are underway in the United Kingdom to create a digital pound that would offer a stable alternative to bitcoin or ether. The Bank of England is leading the charge on this project, with the hope of issuing the digital pound by the end of 2018. The central bank and the UK Treasury announced on … Read more
Meme stocks are back, baby! After a dismal 2017, meme stocks are back in full force. Companies like Tesla, Netflix, and Amazon are all up big in January, and many of the Reddit/WallStreetBets darlings of two years ago are leading the pack. So if you’re looking for a hot stock tip, you might want to … Read more
Binance, the world’s largest cryptocurrency exchange, said it would temporarily halt all transfers of US dollars starting Wednesday. Our users will only be impacted a small amount and we are doing everything we can to get the service back up and running as soon as possible. All other methods of buying and selling crypto remain … Read more
Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been released on a $250 million bond following his first appearance in federal court. There, he was accused of misappropriating billions of dollars in customer funds in what is one of the largest fraud schemes in U.S. history. The enormous personal recognizance bond, which … Read more
The founder of the Hong Kong-based cryptocurrency exchange Bitzlato was arrested early Wednesday in Miami. Deputy Attorney General Lisa Monaco said Anatoly Legkodymov, 40, a Russian national, oversaw a major “high-tech financial hub that catered to known crooks,” including cybercriminals and drug dealers seeking to process dirty money. “The Department of Justice today dealt a … Read more
