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Democratic House Speaker Nancy Pelosi rejected the White House’s recently boosted $1.8 trillion stimulus offer, saying it doesn’t provide enough in the way of coronavirus testing, worker safety and child care, the Financial Times reported, setting back hopes for an imminent breakthrough in talks. Source
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The Dow Jones fell 200 points from its daily peak to trade flat.Investors continue to see mounting layoffs and unacceptably high jobless claims in the U.S.Nancy Pelosi sent the Dow into red figures late in the session after she rejected a sizeable aid offer from the Trump administration.The Dow Jones
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The United States Senate rejected the new stimulus proposal on Sep.10, which did not include a new round of $1,200 checks. However, this boosts the chances of a new proposal with individual checks getting approved, and could serve as a catalyst for Bitcoin (BTC).Why was the stimulus proposal rejected, and
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A New York Supreme Court has found that veteran cryptocurrency exchange Bitfinex and its related stablecoin company Tether (USDT) must face claims they concealed the loss of commingled corporate and client funds.The claims were brought by New York Attorney General Letitia James, who has accused firms associated with Bitfinex and
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The volatility and volume in the Bitcoin (BTC) markets dropped down over the past week as the price of Bitcoin relatively stabilized. Stabilizing markets with decreasing volatility and volume usually means that spectacular movements will come back to the markets shortly. However, what should investors expect from the markets over
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MakerDAO (MKR) has denied accusations that the Maker Foundation placed the winning bids in all of its recent debt auctions.In a statement shared with CryptoX, the Maker Foundation states that it “is not purchasing MKR in the auctions.”Maker Foundation provides “limited technical assistance to some bidders”“Similar to how the
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Kelly Loeffler appeared on Fox News last night to discuss her sale of more than $1 million in equities the day after she attended a private Senate Health Commission hearing about the coronavirus on Jan 23. Loeffler was formerly the CEO of the digital asset custody service, Bakkt, and
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Two firms in the cryptocurrency space are at legal loggerheads regarding millions of dollars in purportedly unpaid invoices.On September 30, 2019, the London-based payments company Digital Capital sued Genesis Mining over allegedly failing to pay 2.4 million pounds (roughly $3.1 million) in unpaid invoices for its development and maintenance
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The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix's bid for a bitcoin-based exchange-traded fund (ETF).In a filing posted Wednesday, the securities regulator wrote that the New York-based Wilshire Phoenix had not proven the bitcoin market is sufficiently resistant to market manipulation. Wilshire, a newcomer to the financial services
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Crypto Capital co-founder Reginald Fowler has rejected a plea deal with the US government in an ongoing case in which he is accused of operating a “shadow bank” for several crypto exchanges. Fowler was indicted in April 2019, along with Israeli national Ravid Yosef, for allegedly running a shadow bank for several
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