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The new rule allows 401(k) managers to invest clients’ money in environmental, social, and governance (ESG) funds, a move that 25 states argue violates the Employee Retirement Income Security Act of 1974 (ERISA) and puts at risk the retirement savings accounts of 152 million workers, in the name of promoting the Biden administration’s climate agenda. It does this by making changes to...
Beijing’s Loose Monetary Policy Fails
Experts argued that the loose monetary policy failed to introduce expansionary credit. In other words, private financing and consumer consumption were not stimulated as expected, though Chinese Communist Party officials have been trying various methods to ensure liquidity. It appears, however, that pump-priming has not had any effect on economic growth...
USDT Dominance at New High, BUSD Supply Drops $2B
Tether USDT’s market dominance has risen to its highest level since November 2021, according to DeFillama data. On the other hand, Binance-backed BUSD has seen its supply shrink by roughly $2 billion in the last 30 days. The total market cap of stablecoins has declined for ten straight months to $137 billion this January. The report added that the lowest market cap stablecoins have been since ..
IRS reminds taxpayers of crypto income reporting
With the deadline approaching for filing the 2022 federal income tax return, the IRS released a list of reporting requirements for the general public dealing with cryptocurrencies. The term “virtual currencies” has been updated to “digital assets.” All U.S. citizens must answer questions about cryptocurrencies “regardless of whether they engaged in any transactions involving digital assets.”...
SBF Seeks Right to Transfer FTX's Crypto
Lawyers for Sam Bankman-Fried have argued he should be allowed access to assets and crypto held by his former company FTX, saying there's no evidence he's responsible for previous alleged unauthorized transactions...
A Look Back At The Transactions On Hive In 2022
One of the key features of the Hive blockchain are fast and feeless transactions. The power up and resource credits system provide a unique concept for a feeless transactions. Additionally, with the Hardfork 27 in October, RCs were separated from HP, and this enabled...
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