Bitcoin fell below $62, 000 early Thursday, sparking a rush of forced sales that wiped out more than $1. 5 billion in high‑risk crypto positions over the last day. The sell‑off left roughly 208, 000 traders on the market with liquidated accounts, according to CoinGlass data. Bitcoin alone accounte
The bill called the Lummis‑Gillibrand Responsible Financial Innovation Act was a plan to bring digital money into the U. S. government’s oversight system. It arrived in Senate committee files on July 12, 2023 and never passed before the Congress ended. Because it stalled, it is treated as a dead pro
Peter Schiff, a well‑known economist, posted on X that several young people who earned early gains from Bitcoin are now giving financial advice. He argued that their success does not prove they know what they’re doing. Schiff used the old investing rule “Don’t confuse brains with a bull market” to w
The United States Treasury’s Office of Foreign Assets Control (OFAC) has slapped sanctions on four Iranian cryptocurrency platforms, singling out Nobitex as the country’s biggest exchange. The move follows evidence that the firm helped the Iranian regime funnel digital assets to avoid international
The City of London has weathered the decade since Britain left the European Union with surprising resilience. Initial worries that the financial heart of the UK would crumble after Brexit have largely proven unfounded. No mass exodus of traders or dealmakers has taken place; firms in Frankfurt
The push to put real‑world investments on blockchains is picking up speed, but the tools needed are still catching up. Banks and asset managers want to move things like private loans, real estate holdings, and hedge funds onto digital ledgers. They often hit roadblocks in custody, settlement, compli
France’s finance minister said the United States’ latest tariff plan is unfair and urged both sides to finish their trade agreement. The U. S. wants to impose at least a 10% tax on goods from countries that use forced‑labour products. The U. S. Trade Representative’s report claims the European Union
Blockmaze, a platform backed by Finvasia Group, is building a new way to put real‑world assets on the blockchain. Its main idea is to make sure that every token has a clear legal owner and follows the rules of traditional finance. The company is licensed in more than 45 places, covering Europe
Panama is racing to drop its name from the European Union’s tax blacklist, a move that could boost foreign investment and improve business ties. The country has sat on the EU’s “non‑cooperative” list since 2020, a label that signals weak tax transparency and limited efforts against tax evasion.
A new lawsuit filed by Massachusetts Attorney General Andrea Campbell on May 29 accuses United Healthcare of sending over $100 million in false claims to the state’s Medicaid program, MassHealth. The case shows how a big insurer could hurt public confidence in the health‑care system, especially w
