In this post: During the most recent election, which saw Donald Trump win, cryptocurrency’s significance in American politics increased dramatically. As its own cryptocurrency business aims for more recognition, Canada seems to be paying attention. With the federal election coming up in a few months, the Canadian crypto sector hopes that politicians will stop ignoring conversations about cryptocurrencies. The cryptocurrency business in Canada aims to imitate that of the US Donald Trump positioned himself as the “crypto candidate” during the campaign, promising that his government would enact pro-industry laws. To win over cryptocurrency enthusiasts and investors, he even made hints about the potential creation of a national Bitcoin reserve. Trump attempted to appoint proponents of digital assets to his cabinet after winning the election, and even more so, the price of bitcoin has increased by more than 40%, crossing the $100,000 mark for the first time. In addition to Trump’s active role in boosting crypto’s influence, political contributions from key industry figures further amplified the movement. The crypto sector contributed about $135 million to support candidates, with Crypto’s Fairshake PAC […]

In this post: The Internal Revenue Service (IRS) has been sued by the Blockchain Association for new rules pertaining to the decentralized finance (DeFi) industry. The organization is opposing new IRS regulations that would designate certain DeFi industry protocols as brokers. The protocols will be required by the new regulation to disclose customer transaction details […]

In this post: One of the most popular memes in recent days, Chillguy (CHILLGUY), began to decline after it was discovered that its primary image was stolen. Following the news, CHILLGUY’s decline from mid-December continued, falling from $0.19 to $0.17. Chillguy continued to lose money, going from $0.19 to $0.17 in a matter of minutes. […]

In this post: A new centralized platform is being developed by the Bank of Russia to detect and limit over-the-counter (OTC) cryptocurrency transactions. The system will specifically target “droppers” or “mules,” or people who lend their bank accounts and cards for cryptocurrency-related transactions, pirate websites, drug stores, and online casinos, according to Bogdan Shablya, head […]

In this post: The value of the Japanese yen is declining. As of December 14, 2024, it has lost six days in a row versus the US dollar, dropping to 153.48 per dollar. This is the yen’s longest losing run since June and its weakest week in more than two months. At its meeting on December 18–19, the market is placing strong bets that the Bank of Japan (BoJ) will maintain its ultra-loose monetary policy, opting for stability over rate hikes. Japan’s monetary policy is turning into a risky move. October’s record-breaking salary increases—the greatest in 32 years—are driving inflation over the BoJ’s 2% objective. However, the BoJ appears cautious, even hesitant, rather than taking a daring step to tighten policy. It doesn’t impress traders. The yen has been dumped in favor of the stronger dollar, pushed higher by US Treasury yields and a Federal Reserve that isn’t afraid to flex its muscles. BoJ’s caution fuels yen selloff The BoJ’s hesitation is clear. Inflation is rising, wages are climbing, but rates? They’re stuck. October’s […]