European Central Bank (ECB) executive board member Fabio Panetta has warned that all entities engaging in activities related to cryptocurrencies should expect to face stringent banking oversight. In a speech on Monday, Panetta said that the ECB is fully committed to keeping financial markets stable through effective banking supervision. He added that the ECB expects […]Read More
Robert F. Kennedy Jr. has been pushing his conspiracy theory that the massive increase in foreclosure rates in the United States in the mid-2000s was actually part of a plot by banks to manipulate the housing market for their financial gain. Kennedy argues that banks deliberately manipulated the subprime mortgage market, packaging risky loans to […]Read More
Cruise CEO Kyle Vogt announced his resignation from the GM-owned self-driving car unit in an internal email on Tuesday. In the message, Vogt said he is leaving to pursue “entrepreneurial opportunities in the mobility space.” He did not specify what companies he would be joining. Vogt co-founded Cruise in 2013 and has been its CEO […]Read More
Harvard University recently hosted a senior Chinese official and diplomat who has repeatedly praised the Chinese Communist Party. The visit was reported to have been ‘fruitful’ with high-level discussions on a variety of topics. Yang Jiechi, A politician of the Chinese Communist Party (CCP) and a member of the Politburo, visited Harvard University in December […]Read More
SoFi, the popular online financial services company, has announced that it will be exiting its crypto business amid increased regulatory scrutiny. The company had been offering cryptocurrency trading services to its customers since October 2019. SoFi said that the decision to shutter its crypto services was due to “uncertainty around the mandatory compliance frameworks for […]Read More
The Supreme Court’s conservative justices seemed to express skepticism on Tuesday toward a system that the Securities and Exchange Commission (SEC) set up to quickly pursue cases in-house, instead of in federal court. During a hearing, conservative justices suggested that the SEC’s administrative law judges are not properly insulated from political influence, and that allowing […]Read More
states reports According to reports from the United Auto Workers (UAW) union, their members have officially ratified a new contract. The new contract comes after months of negotiations between the union and the Big Three automakers (General Motors, Ford, and Fiat Chrysler). The new deal includes significant pay raises for 40,000 UAW-represented workers, job security […]Read More
A group of California residents who have dubbed themselves “refugees” plan to attend a press conference held by Florida Governor Ron DeSantis later this month. The presser, which is being held ahead of a scheduled debate between DeSantis and California Governor Gavin Newsom on Fox News’ Hannity, will allow the Californians to speak out against […]Read More
Crypto whales, or large investors, have been quietly accumulating a lesser known AI coin called CLASS. This is due to the fact that the coin offers a variety of incentives and benefits that make it attractive to whales. First, CLASS has a significant upside potential. The coin is currently valued at around $0.10, but there […]Read More
In the aftermath of the 2020 US presidential election, the Trump legal team has identified Russian interference campaigns as the Patient Zero of their attempts to deny the election results and have various legal challenges thrown out by the courts. The Trump campaign has argued that it is impossible to determine whether any of its […]Read More
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