News

The Republicans’ House campaign arm has announced its decision to begin accepting contributions in cryptocurrency. The campaign arm, National Republican Congressional Committee (NRCC), told Axios of this new development in its funding strategy recently. The NRCC may be setting a record as the first national party committee to accept cryptocurrency donations but the concept is […]

On big exchanges like TD Ameritrade and others, the stock market rallied aggressively at the start of this week even though one Wall Street firm feared that investors were overlooking something important. They worried investors are yet to appreciate how swiftly the Federal Reserve might react to hiking rates. Wall Street has bounced back after […]

The COVID-19 pandemic has shaken even the world’s strongest economies and the United States is no exception. As the direct effects of the pandemic abate, the economy is still in recovery. On Wednesday the Fed held the interest rate near zero because rising inflation was majorly reflecting transitory factors. The Central Bank of the US […]

Over half of the world’s miners population have lived and worked in China but that may no longer be the case. The Chinese government began a crackdown on Bitcoin miners in May. The move has triggered what has come to be known as ‘The Great Mining Migration’. China’s issue with miners Bitcoin mining is an […]

Oracle in partnership with Walmart planned to buy the US assets of the Chinese-owned viral video app, TikTok. With the exit of Donald Trump from the White House, this plan is now in the dumps. However, investors are seemingly unbothered by the turn of events. They’re still very much treating Oracle like it is a […]

Last week, Michael Sonnenshein, CEO of Grayscale, and Greg King, CEO of Osprey, were interviewed on CNBC’s “ETF Edge.”  Grayscale runs the largest bitcoin-based fund in the world. The fund, “Grayscale Bitcoin Trust” has over $24 billion in assets under its management. While Osprey controls the Osprey Bitcoin Trust and the Osprey Algorand Trust. Osprey […]

Bill Ackman, founder and CEO of Pershing Square Capital Management has made a move that could change how SPACs operate. This has been dubbed SPAC 2.0 by some. Ackman’s newly established SPAC, Pershing Square Tontine Holdings (PSTH), based in New York, was incorporated in 2020 with a current market value of $4.57 billion. Ackman is […]

On May 7th, Colonial Pipeline Co. a US-based oil pipeline system was a victim of a ransomware attack allegedly orchestrated by the Eastern-European-based hacker group, DarkSide. It happened that the hackers requested the ransom be paid in cryptocurrency.  The CEO and president of Colonial Pipeline, Joseph Blount, Jr., announced a day after the attack that […]

The US Dollar is a currency that is widely accepted around the world for international business transactions. It holds a high value and prestige in the world compared to most currencies. Digital currency is the craze of the day that is gradually taking its place in nations of the world. It’s gained so much value […]