7.5M Americans losing federal unemployment aid as key programs end
USA finance

7.5M Americans losing federal unemployment aid as key programs end

Several key COVID-era unemployment programs are ending, cutting federal aid to an estimated 7.5 million Americans. The idea behind the benefits was to help Americans who lost their jobs during the pandemic and included a $300/week federal payment. Sign up for our Newsletters Also ending: Pandemic Emergency Unemployment Compensation which provided financial relief to those who already exhausted their state’s unemployment benefits. Mixed Earners…

Analyst Predicts Crypto Bull Market: $100K Bitcoin, $5K Ethereum Is Path of Least Resistance – Markets and Prices Bitcoin News
Bitcoin news

Analyst Predicts Crypto Bull Market: $100K Bitcoin, $5K Ethereum Is Path of Least Resistance – Markets and Prices Bitcoin News

Bloomberg Intelligence senior commodity strategist Mike McGlone has affirmed his bitcoin price prediction of $100K, seeing $5K for ethereum as the path of least resistance. He expects the crypto market to thrive in a “refreshed bull market.”

Gensler asks US Congress for more power to regulate crypto exchanges
USA finance

Gensler asks US Congress for more power to regulate crypto exchanges

The US SEC chair Gary Gensler is increasing efforts to ensure that the regulatory agency has the authority to regulate cryptocurrency exchanges. Gensler wants SEC to regulate crypto exchanges The chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has sent a letter to the US Congress seeking additional authority to regulate […] More

Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police – Bitcoin News
Bitcoin news

Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police – Bitcoin News

A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment…

MicroStrategy CEO Defends Debt-Financed Bitcoin Buys, Compares it to Investing Early in Facebook – Bitcoin News World
Bitcoin news

MicroStrategy CEO Defends Debt-Financed Bitcoin Buys, Compares it to Investing Early in Facebook – Bitcoin News World

“Them point of view is being a leveraged, bitcoin-long company is a good thing for them shareholders,” MicroStrategy CEO Michael Saylor told CNBC on Friday. He compared the company’s bitcoin strategy to investing in Facebook in the social network’s early days. “I mean, if I could borrow $1 billion and buy Facebook a decade ago…

57,000 Bitcoin Left Crypto Exchanges In 24 Hours Showing Bullish Sentiments Along With 465,000 Bitcoins Transferred Between Coinbase And Unknown Wallets
Cryptocurrency exchanges

57,000 Bitcoin Left Crypto Exchanges In 24 Hours Showing Bullish Sentiments Along With 465,000 Bitcoins Transferred Between Coinbase And Unknown Wallets

Bitcoin news: BTC saw the largest outflow of funds in one day from crypto exchanges. Nearly 57,000 bitcoins were left crypto exchanges.