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White House Releases Roadmap to Mitigate Cryptocurrency Risks

• The White House has published a roadmap to mitigate cryptocurrencies‘ risks, calling for increased enforcement and regulation. • The blog post was authored by four White House advisors from the National Economic Council, Office of Science and Technology Policy, Council of Economic Advisers, and National Security Advisor. • The framework aims to develop digital […]

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Central Bankers Discuss Advantages and Challenges of Central Bank Digital Currency

• Central Bank Digital Currencies (CBDCs) are seen by various global tech providers and central bankers as the future of central bank money. • The panel at the World Economic Forum (WEF) in Davos outlined the advantages of CBDCs, but also highlighted the difficulties in implementation. • Central Banks are looking to establish standards, integrate […]

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Nexo Raid Causes $157.21M Bitcoin Withdrawal in 24 Hours

• Bulgarian offices of crypto lender Nexo were raided on Jan 12, 2023, resulting in a surge of Bitcoin withdrawals from the platform. • Nexo held 133,263 bitcoin on Jan 12, 2023, and 124,939 bitcoin on Jan 13, 2023, amounting to $157.21 million worth of bitcoin withdrawn in 24 hours. • Nexo has denied any […]

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House GOP Bill to Replace IRS with Fair Tax Rejected by Biden Admin.

• The Biden Administration has opposed a bill proposed by House Republicans proposing to eliminate the IRS and replace it with a “Fair Tax” and a national consumption tax. • The bill, called the “Family and Small Business Taxpayer Protection Act,” calls for a rescission of funds made available to the IRS. • According to […]