#Biden’s downhill presidency and other commentary

#Biden’s downhill presidency and other commentary

“#Biden’s downhill presidency and other commentary” From the right: Biden’s Downhill Presidency At The Wall Street Journal, Gerard Baker wonders if President Biden “peaked on Inauguration Day” — as the old joke says the Chicago Cubs did every Opening Day. Biden’s “promise to bring healing to a fractured nation didn’t last the short ride back…

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#Feds signal crackdown on cryptocurrency after volatile week

#Feds signal crackdown on cryptocurrency after volatile week

“#Feds signal crackdown on cryptocurrency after volatile week” The Federal Reserve and the Treasury Department are turning up the heat on cryptocurrency, signaling a crackdown could be coming after several days of volatility in the sector. Fed chair Jerome Powell said in a rare video message posted Thursday that cryptocurrencies, which have grown to have…

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# Diem parters with Silvergate bank to launch stablecoin in the US

# Diem parters with Silvergate bank to launch stablecoin in the US

“# Diem parters with Silvergate bank to launch stablecoin in the US ” Facebook-backed digital currency project, the Diem Association, has partnered with cryptocurrency-friendly bank Silvergate to launch a stablecoin pegged to the United States dollar. Diem announced Wednesday a new model of its upcoming stablecoin, relocating its main operations from Switzerland to the United…

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#Fed holds steady even as it nods to ‘strengthened’ recovery

#Fed holds steady even as it nods to ‘strengthened’ recovery

“#Fed holds steady even as it nods to ‘strengthened’ recovery” The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding to the US economy’s growing strength but giving no sign it was ready to reduce its support for the recovery. “Amid progress on vaccinations and strong policy support, indicators of economic activity and…

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#Investors seek Bitcoin haven amid weakening dollar worries

#Investors seek Bitcoin haven amid weakening dollar worries

“#Investors seek Bitcoin haven amid weakening dollar worries” Warren Buffett hates cryptocurrencies. Treasury Secretary Janet Yellen isn’t a fan and neither is Bill Gates. Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse.   I have my doubts as well. I’ve seen too many…

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