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U.S. President Biden said Friday he’s not budging on the $1,400 direct stimulus checks that his $1.9 trillion stimulus plan calls for. “It’s better economics,” Biden said of the relief package. “There’s a growing chorus of economists, right, center and left, that say we should be less focused on the deficit
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United States President Joe Biden has rejected a Republican proposal for a COVID-19 relief bill that would have seen $618 billion allocated to struggling American households and businesses. Biden and newly appointed Treasury Secretary, Janet Yellen, dismissed the sum — just under the size of Bitcoin’s entire market capitalization —
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Bitcoin resumed its uptrend ahead of the New York session Monday as traders weighed their risk-on opportunities against the US President Joe Biden’s stimulus plans and its potential bearish impact on the US dollar. The flagship cryptocurrency reclaimed $34,500 after rising by as much as 6.83 percent, while its market capitalization
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Reports are that Chris Brummer – author of a volume on crypto assets and frequent speaker on digital currencies – will chair the CFTC.This episode is sponsored by Nexo.io.On this edition of the Weekly Recap, NLW argues that while bitcoin’s price was the short-term story of the week, the medium-term
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Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency. Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned. As for what it means for crypto, the
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One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin.The announcement came in a White House memorandum for the heads of various federal agencies,
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President Joe Biden has frozen all agency rulemaking, including former Treasury Secretary Steven Mnuchin’s controversial proposal on “unhosted wallets,” according to a prominent cryptocurrency lawyer.The story is developing and will be updated. Source
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Bitcoin (BTC) fell below $35,000 on Jan. 15 as renewed strength in the U.S. dollar piled pressure on the largest cryptocurrency. BTC bounced off support at $34,300 and is trading at $35,300 at the time of writing. BTC/USD 4-hour candle chart (Bitstamp). Source: TradingvidwBitcoin heads back towards $30,000Data from Cryptox Markets
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Despite his exposure to the potentials inherent in cryptocurrencies, many people are divided on the probable approach of Gary Gensler if he is finally affirmed as the new boss of the Securities and Exchange Commission.The United States president-elect Joe Biden is expected to name Gary Gensler, a Washington financial technocrat
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Summary:Robert Kiyosaki has recommended investors to buy BitcoinHe cites that the Biden administration will print more dollars to stimulate the economyHe also expects the rules to change at the Federal Reserve thus facilitating additional money printingBitcoin has been consolidating between the $40k and $41k price level over the weekend and
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