Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going, or we’re going to have a serious problem.” Donald Trump on Economic Recession and Depression Former President Donald Trump warned Friday in
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The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement
Textile manufacturers in Leicester are still underpaying and exploiting workers, despite a clampdown by enforcement bodies and concerted efforts by UK retailers to clean up their supply chains, according to new research by the Low Pay Commission. Labour abuses in garment factories in the city in the East Midlands have been known for years, but
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE U.S. stock futures are little changed on Sunday night, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. Dow Jones
Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number
Sir Keir Starmer will on Monday tell Labour to change its “instincts” and focus as much on boosting growth as on the redistribution of wealth, as he tries to wrest the mantle of economic competence from the Conservatives. Starmer believes the fractious Tory leadership contest has offered Labour a chance to regain the public’s trust
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards Taiwan’s Financial Supervisory
The Conservative leadership contest has another six weeks to run before the UK has its next prime minister, but Rishi Sunak and Liz Truss have already earmarked key allies for potential top roles in government. Both leadership campaigns insist no job offers have been made and that it is premature to discuss who might serve
The bulls are attempting to achieve a strong weekly close for Bitcoin (BTC), while the bears are attempting to regain their advantage. Analysts are closely watching the 200-week moving average which is at $22,705 and BTC’s current setup suggests that a decisive move is imminent. Many analysts expect a weekly close above the 200-week MA
The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased crypto for at least 90 days prior
European governments are attempting to water down Brussels’ plans to push the bloc into cutting gas demand to better weather a shortage of Russian supplies this winter. Diplomats from the 27 EU member states have been locked in negotiations since the European Commission proposed measures last week requiring countries to cut gas use by 15
The META HISTORY project team created Ukraine’s first NFT war museum one month after Russia’s full-scale invasion. Since then they have managed to raise $1,290,398 (803.28 ETH) for the Aid For Ukraine crypto fund, created by the Ukrainian Ministry of Digital Transformation together with the Ukrainian crypto platform KUNA and the blockchain company Everstake, and
The UK and French governments will each have a seat on the board of a new satellite operator aiming to take on billionaire space entrepreneurs Elon Musk and Jeff Bezos under merger terms being thrashed out on Sunday between Eutelsat and OneWeb. Paris-listed Eutelsat and OneWeb, the space-based internet pioneer rescued from collapse by a
This mistake is all about timing and when you get into the trade – you are right but you still end up losing. A Scenario to Avoid: – Stocks (usually penny stocks) that have a supernova spike – It is spiking incredibly high, but you enter short – You’re looking for the decline to happen
Kevin Matras talks about delta and how it can help you decide
The Relative Strength Index is arguably the most popular technical indicator when it comes to trading. But being popular doesn’t always make you right or easy. David Jones knows this and is here to give a helping hand to those just starting their journey in the world of the markets, as well as those who’ve
Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency. “Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an
Russia’s foreign minister Sergei Lavrov on Sunday met Egyptian president Abdel Fattah al-Sisi as part of a tour of several African nations designed to counter western accusations that Moscow’s invasion of Ukraine has led to a global food crisis. Lavrov’s meeting with the Egyptian leader as well as with foreign minister Sameh Shoukry showed that
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International
Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022. AXS risks one big breakdown Dubbed the “inverted cup and handle,” the pattern is identified by its large crescent shape followed by a modest upward retracement. It typically resolves