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Elon Musk’s D.O.G.E could crash the US stock market
Elon Musk’s newest venture, co-piloted with Vivek Ramaswamy, is shaking the financial world to its core. Dubbed the Department of Government Efficiency (D.O.G.E), this initiative, launched under President-elect Donald Trump, is designed to slash federal spending by targeting $500 billion in what they call unauthorized or misused expenditures. But while Elon touts cost-cutting and deregulation […]Cryptopolitan
Sun, Nov 24
62% of Gen Z is fearful about AI taking their jobs while bosses are least concerned
Gen Z, the first generation to grow up with the internet, is also pushing caution as it faces the sudden rise of artificial intelligence (AI). They are wary of how AI could overturn their ways of life and careers as they have witnessed the fast pace of evolution in technology. According to surveys conducted by […]Cryptopolitan
Sun, Nov 24
Bitcoin and Ethereum drive $158M in NFT sales
NFT sales totaled $158 million in the past seven days. That is down 12.7% from the previous week of sales that reached $181 million. These sales are dominated by Ethereum followed by Bitcoin. According to CryptoSlam on November 24th, the sale of Non-fungible tokens is going strong. However, it is slightly down as compared to […]Cryptopolitan
Sun, Nov 24
Economists predict Fed will tread lightly with rate cuts in 2025
Economists predict that the Federal Reserve will ease into interest rate cuts next year, taking a cautious approach as inflation remains persistent and the incoming Trump administration introduces new policies. A Bloomberg survey of 83 economists from November 15–20 shows that expectations for inflation and economic growth in 2025 have been revised higher, forcing the […]Cryptopolitan
Sun, Nov 24
Cantor Fitzgerald is set to acquire around 5% of the ownership stake in Tether.
Howard Lutnick, CEO of Cantor Fitzgerald, is nominated as Commerce Secretary, which could affect U.S. crypto rules. His firm owns 5% of Tether and handles most of its reserves. He also introduced a $2 billion Bitcoin lending program. Howard Lutnick, the CEO of Cantor Fitzgerald, has been nominated as Commerce Secretary under President-elect Donald Trump’s […]Cryptopolitan
Sun, Nov 24
Pertsev’s detention extended as Tornado Cash hits $2.8B in deposits
Alexey Pertsev, the developer of Tornado Cash, will remain in pre-trial detention for an extended period of time. The core developer expressed his sadness, stating that the decision would affect his ability to prepare for an appeal. Pertsev announced the news on his X account. He stated that he will remain determined to fight for […]Cryptopolitan
Sun, Nov 24
$8.2 billion raised through crypto fraud penalties: SEC’s 2024 report
In 2024, the SEC collected a record $8.2 billion in penalties and returned $345 million to victims. A large part of the funds came from major cases like Terraform Labs. While the number of cases went down, the financial watchdog continued to focus on punishing wrongdoers and protecting investors, especially in areas like cryptocurrency, AI, […]Cryptopolitan
Sun, Nov 24
AI startup O.XYZ accused of inflating its technology capabilities
AI startup O.XYZ has been accused of various offenses including adopting aggressive tactics to reduce dissent in the company and illegally inflating its technology claims. Although the firm’s CEO Ahmad Shadid has refuted all the allegations, sources familiar with the company’s operations have strongly stated otherwise. According to O.XYZ, it is a super AI ecosystem […]Cryptopolitan
Sun, Nov 24
Sticky US inflation binds Fed’s hands – What if it doesn’t get better?
The Federal Reserve can’t escape inflation’s grip. Sticky price pressures are making policymakers squirm as they get closer to their December meeting. The personal consumption expenditures (PCE) price index — excluding food and energy, the Fed’s favorite inflation gauge — is projected to rise 0.3% for October. That’s not even the worst news. On an […]Cryptopolitan
Sun, Nov 24
ECB says Federal Reserve’s decisions won’t derail its policy plans
The European Central Bank (ECB) doesn’t care what the Federal Reserve is up to. That’s the message François Villeroy de Galhau, a member of the ECB’s Governing Council, delivered in an interview with Ouest-France. He emphasized the ECB’s independence under Christine Lagarde. “The decisions we make at the ECB with Christine Lagarde are independent of […]Cryptopolitan
Sun, Nov 24
Pro-Bitcoin Matt Gaetz says he’ll expose stock market corruption in US Congress
Matt Gaetz, America’s newly-appointed Attorney General, is on a warpath. His latest target? Corruption in Congress. Gaetz has vowed to blow the lid off what he calls rampant stock market manipulation by lawmakers. He’s calling their actions “treason” and “betrayal,” accusing them of exploiting insider information to line their own pockets while the American public […]Cryptopolitan
Sun, Nov 24
