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Stocks are in rally mode as well, with the Nasdaq – down nearly 3% at its worst levels – currently up 2.4%. The S&P 500 is now ahead 0.6%. Paring earlier gains in a big way is gold, which is off about $100 from the morning hours, and now down
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The U.S. will freeze assets at Russia's largest banks kept in the U.S., including VTB Bank, a state-owned entity and Russia's second-largest bank, as well as Sberbank. Similarly, the U.K. announced earlier on Thursday it would freeze any British-based assets belonging to VTB. The European Union is similarly freezing Russian
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U.S. markets are closed for the Presidents' Day holiday, but futures are trading and sunk to session lows following the news, with the Nasdaq 100 down 1.9% and the S&P 500 off 1.25%. Bitcoin had managed to climb to over $39,000 after dropping to a three-week low of $37,200 early
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"For people like me who are very long-term focused and quietly accumulating bitcoin on a daily basis, it's the asset that will supply the most security and value overall," said Jason Deane, analyst at Quantum Economics. "For traders and speculators, it's a simple trade equation designed to generate fiat. For
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The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework.In a Thursday report from Yahoo! Finance, Jennifer Schonberger said an official familiar with the
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Before U.S. President Joe Biden signed the Infrastructure Investment and Jobs Act into law in November, many groups spoke out against a provision that broadens the tax code’s definition of “broker.” But there is another hidden cryptocurrency provision in this new law that amends part of the tax code in
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The Biden administration is preparing an executive order for release as early as next month. According to a Bloomberg report on Friday, which mentioned no named
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The White House is readying an executive order for release as early as next month that will outline a comprehensive government strategy on cryptocurrencies and ask Federal agencies to determine their risks and opportunities, Bloomberg reported on Friday, citing unnamed sources. Original Source
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The White House has officially tapped former Fed governor Sarah Bloom Raskin to serve as the vice chair for supervision for the Federal Reserve, as well as economists Lisa Cook and Philip Jefferson to fill two empty seats on its board of governors.In a Friday announcement, U.S. President Joe Biden
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U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve's vice chairman for supervision, CNBC reported on Thursday, citing people familiar with the matter. The president will also tap Lisa Cook and Philip Jefferson as Fed governors, according the report. Source
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