St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next year.” St. Louis Fed President Has Been ‘Advocating Trying to Get Finished With the Taper Process’ On Tuesday,...
Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison
The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to 5 Years in Jail The U.S. Department of Justice (DOJ) announced...
Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” to think that this might not be the case for very much longer. Crypto...
Crypto Is a ‘Major Priority’ for Miami Mayor Building City Into Crypto Capital of the World
Miami Mayor Francis Suarez says that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” he said. ‘Major Priority’ — Miami Aims to Become Crypto Capital of the World Miami Mayor Francis Suarez talked about bitcoin and cryptocurrency in an interview with Bloomberg, published...
ESA Reports Game Piracy, File-Hosting and Cheating Sites To US Government
In response to a request from the Office of the US Trade Representative (USTR), the Entertainment Software Association (ESA) has submitted a list of so-called ‘Notorious Markets’ to the US government. Representing some of the biggest names in video gaming, from Activision, EA, Nintendo, and Ubisoft, to Capcom, Microsoft, Konami, and Square Enix, the ESA acts as a voice for companies producing billions of dollars worth of content....
