The Securities and Exchange Commission recently created an enforcement unit to combat cyber-related crime, including violations involving distributed ledger technology (DLT, such as blockchain) and initial coin offerings (ICO, a…
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US bank regulators such as the Office of the Comptroller of the Currency are open to considering whether cryptocurrency-oriented financial technology companies – fintechs – should be permitted into the…
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A number of countries – India, the United Kingdom, France, Norway, and China – want to dump or outright ban gas-powered automobiles in favor of electric cars. Politicians in California…
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A unit of the US Treasury looks like it’s about to get its blockchain on. The Office of Financial Innovation and Transformation (FIT) of the Treasury’s Bureau of the Fiscal…
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American household worth rose $1.698 trillion to another new record of $96.196 trillion in the second quarter, thanks to booming stock market valuations and re-inflated housing prices, according to a…
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The cryptocurrency market has been roiled ever since the Chinese government cracked down on cryptocurrency trading in early September, citing concern over potential investment risk. First, it banned the launching…
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Threats to the American petrodollar, with its weakening monopoly over the oil trade and its declining status as the world’s reserve currency, are continuing to mount. The latest geopolitical/economic challenge:…
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America Now
Looser US Firearm Export Rules Could Compensate Gunmakers for GOP Control of Congress, White House
It’s no secret among gun store owners and employees and the stockholders and management of publicly-held firearms manufacturers that President Barack Obama and his fellow gun-control advocates were the best…
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The European Central Bank may ask startup financial technology banks to hold more reserves and liquidity to address their particular risk profile. The ECB circulated proposed guidelines for such tech-centric…
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Two analysts at the Bank of International Settlements intriguingly suggested in a new white paper that central banks could find their own digital alternative to cash helpful. “New cryptocurrencies are…