Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulator’s current policies on crypto will have a lasting effect on the industry. In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won’t be
Sen. Ted Cruz, R-Texas, and Sen. Tom Cotton, R-Ark., on Monday announced a bill that would prevent student loan forgiveness eligibility for anyone convicted of a state or federal offense in connection to a college campus protest. What You Need To Know Sen. Ted Cruz, R-Texas, and Sen. Tom Cotton, R-Ark., and several more Republican
CHARLOTTE — During Monday night’s meeting, Charlotte’s City Manager Marcus Jones proposed a $4.2 billion fiscal year budget, which includes a 1.5 cent increase in property tax for 2025. For the past five years, he has been able to increase services and pay without raising taxes. Breaking: City Manager Marcus Jones is proposing a 1.5
Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards. And the pressures, as noted in the most recent Federal Reserve survey of loan officers through the “Senior Loan Officer Opinion Survey on Bank Lending Practices,” have impacted all manner of loan types, spanning commercial and
Phone, keys, wallet. That’s the daily routine that tens of millions if not billions — of people undergo each morning when checking their pockets or purses before they leave their homes to start the day. And with the recent news that telecommunications giant Vodafone is planning to integrate cryptocurrency wallets and blockchain-based payment solutions directly into mobile phone
Bots account for a vast majority of stablecoin transactions, recent Visa research shows. Fewer than 10% of these transactions come from genuine users, according to a new metric from Visa and Allium Labs, showing that just $149 billion of the $2.2 trillion in total transactions last month came from “organic payments activity.” The findings were flagged in a report Sunday (May 5)
Economist Henrik Zeberg says that a loss of strength for the dollar could be the catalyst that breathes new life into crypto assets. Zeberg tells his 136,000 followers on the social media platform X that lower bond yields and a weakening dollar index (DXY), which pits the dollar against a basket of other major foreign
Private equity companies are reportedly stepping up efforts to compete with banks on low-interest loans. For example, the Financial Times (FT) reported last week, Apollo Global has increased its long-term forecasts for its lending business, telling investors it expected to be able to originate more than $200 billion a year in new loans, up from $150 billion. Apollo Co-President
Cryptocurrency startups are reportedly engaging in aggressive fundraising as the digital asset space recovers. As Bloomberg News reported Saturday (May 4), this approach entails an open-ended form of fundraising that keeps money flowing and fast-tracks valuations. It’s the opposite of the standard venture capital strategy of low-key rounds spaced out over years. “When a deal
A widely followed crypto analyst is laying out his bull market price target for Bitcoin, saying BTC is beginning to mirror its previous cycle. Pseudonymous analyst TechDev shares with his 448,000 followers on the social media platform X a chart that compares Bitcoin’s current market cycle to that of 2020-2021. Using Elliott Wave theory, which