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Regardless, Cawthorn, who sold LGB for ETH (which itself was crashing through January) likely lost money on his $150,000 initial investment; he almost certainly ran up a hefty short-term capital gains tax bill for the 2021 trades. Based on his congressional salary for last year ($174,000), his married status and
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Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. Richard Clarida’s Trades Under Scrutiny The U.S. central bank
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The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing:“The new rule permits candidates, officeholders, and political committees to accept cryptocurrency. It does not distinguish between any types of cryptocurrencies, like
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On Friday afternoon, decentralized finance (DeFi) users discovered a researcher for Divergence Ventures, a crypto venture firm, was receiving hundreds of ETH from wallets selling recently airdropped RBN tokens – a sign of an airdrop exploit to which Divergence later admitted.The episode presents the largely unregulated, permissionless DeFi community with
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This content was originally featured on Bitcoinist In October 2018, a massive inflatable Bitcoin rat was erected outside of the United States Federal Reserve building by artist Nelson Saiers. Now, the former Managing Director for Deutsche Bank AG and hedge fund manager turned mathematical artist is back at it, as the
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The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal Reserve branch, Robert
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CryptoX is the leading news publication covering the digital transformation of money in the 21st century. Our mission is to inform, educate and connect the global community of investors, innovators and users of cryptocurrencies, blockchains and other decentralized technologies. That includes everyone from sophisticated professionals to curious newcomers. Founded in 2013, we
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