Trump incorrectly states Canada prohibits U.S. banks
U.S. banks have been operating in Canada for over a century, contributing significantly to the financial landscape. Contrary to recent claims, these banks have long maintained a substantial presence in…
Controversy Surrounds Musk’s Leadership of Government Efficiency Department
The National Security Counselors, representing federal employees and whistleblowers, has launched a lawsuit against the Department of Government Efficiency (DOGE) led by Elon Musk. The legal action stems from a…
Trump Pauses Trade Measures for Canada and Mexico
In a significant development in U.S.-Canada trade relations, President Donald Trump announced a pause on planned tariffs for imports from Canada and Mexico for at least 30 days. This decision…
Putin Praises Trump’s Tariffs as Europe Faces Economic Turmoil
Russian President Vladimir Putin commended President Donald Trump on Sunday, expressing confidence that his second administration would “restore order” in Europe amidst rising tensions caused by Trump’s new trade tariffs.…
EU Enforces Groundbreaking AI Regulations as Compliance Deadline Passes
The European Union has officially enacted its landmark AI Act, which entered into force in August 2024. This pioneering legislation aims to regulate artificial intelligence technologies, particularly addressing applications deemed…
Tesla’s Shares Plummet Amid Tariffs and Declining Registrations
Tesla‘s stock faced a significant decline on Monday, falling more than its megacap technology peers following the announcement of new tariffs by President Donald Trump. The electric vehicle manufacturer ended…
Bitcoin’s Sharp Decline Leads to Broad Sell-Off in Asian Crypto Stocks
On February 3, Asian cryptocurrency stocks experienced significant declines, with Bitcoin plummeting to $91,163 — its lowest level in over three weeks — sparking a broad market sell-off across various…
SEC Thailand Advances with Plans for Digital Token Trading Platform
The Securities and Exchange Commission of Thailand is set to introduce a trading platform utilizing distributed ledger technology (DLT) specifically for securities firms to engage in digital token trading. According…
Bitcoin Regains Dominance Over 60% as Altcoins Face Sharp Declines
Bitcoin’s dominance — a metric that gauges Bitcoin’s proportion of the total cryptocurrency market capitalization — rose above 60% on February 2, during a broad downturn in the crypto markets…
India Considers Adjusting Crypto Policies in Response to Global Adoption
In response to increasing cryptocurrency adoption by other nations, the Indian government is reassessing its regulatory stance on digital assets. India’s economic affairs secretary, Ajay Seth, highlighted the borderless nature…
Trump’s Diplomatic Strategy May Push Allies Towards China
If there’s one lesson that foreign leaders might have deduced from Donald Trump’s presidency, it’s that being America’s adversary can sometimes seem more advantageous than being its friend. Strained Relationships…
Crypto Hack Losses Drop in January Despite Major CeFi Breaches
Cryptocurrency hackers have persisted in their efforts to steal user funds, though the amount stolen in January showed a decline from the previous year, indicating a potentially positive development for…
El Salvador Modifies Bitcoin Law After IMF Deal
El Salvador’s Congress has swiftly approved legislation to amend its Bitcoin laws, aligning with an agreement reached with the International Monetary Fund (IMF). The legislation was ratified by the Legislative…
FBI Nominee Kash Patel Distances Himself from Trump’s January 6 Pardons
During his Senate Judiciary Committee confirmation hearing for a 10-year term as FBI director, Kash Patel distanced himself from President Donald Trump’s broad pardoning of January 6 rioters, expressing disapproval…
Poll Reveals Trump’s Unfavorable Start in Second Presidential Term
Donald Trump continues to be notably unpopular among U.S. presidents, as indicated by recent polling data. According to Gallup’s senior editor Megan Brenan, “President Donald Trump’s initial job approval rating…
Robinhood Launches Bitcoin Futures Trading
Online brokerage Robinhood is expanding its offerings with the launch of futures trading, including Bitcoin and other assets. Expanding Beyond Stocks The company, known primarily for stock trading, introduced…
Gary Gensler Rejoins MIT Faculty to Explore AI and FinTech
Gary Gensler, the former chairman of the Securities and Exchange Commission (SEC), has taken up a professorship at the Massachusetts Institute of Technology (MIT) to teach and conduct research on…
Fortitude Mining Emerges as DCG’s Dedicated Mining Subsidiary
Digital Currency Group (DCG) has announced the creation of Fortitude Mining, a new subsidiary focused on cryptocurrency mining. This move signals DCG’s intention to provide institutional investors with exposure to…
Biden Faces Criticism for Delayed Menthol Cigarette Ban After Trump Pulls Proposal
When President Joe Biden’s administration announced its intent to ban menthol cigarettes, the medical community celebrated, anticipating it could save lives and encourage more people to quit smoking. However, the…