Catenaa, January 28, 2025 – Global tech stocks plummeted for a second consecutive day Tuesday as the unveiling of a cost-efficient Chinese AI model disrupted investor confidence in the sector. Nvidia shares fell 17% on Monday, erasing $593 billion in market value, a historic one-day loss. Chinese startup DeepSeek introduced a low-cost AI assistant that […]

Catenaa, Thursday, January 2, 2025 – Andreessen Horowitz’s blockchain division, A16z Crypto, has joined a legal fight against the U.S. Treasury and IRS, opposing a broker reporting rule that critics argue threatens the future of decentralized finance (DeFi).  In a statement on December 30, Michele Korver, head of regulation at A16z Crypto, condemned the rule […]

Catenaa, Monday, February 03, 2025 – Canada, Mexico and China have announced retaliatory measures after President Donald Trump signed executive orders imposing steep tariffs on imported goods.  The White House confirmed Saturday that the US would implement a 25% tariff on goods from Canada and Mexico and a 10% tariff on items from China. In […]

Catenaa, Friday, December 20, 2024 –The Teamsters union staged a large-scale protest Thursday, targeting Amazon as it ramps up holiday deliveries. Amazon delivery drivers at seven US facilities walked off the job after the company declined to negotiate a labor contract.  The Teamsters described the action as the “largest strike” in US history against Amazon, […]

Catenaa, Tuesday, February 18, 2025 – The US Bitcoin mining industry has generated more than 31,000 jobs and contributed over $4.1 billion annually to the economy, according to a new report from The Perryman Group. The industry is concentrated in 12 states, with Texas leading the charge. The Lone Star State accounts for $1.7 billion […]

Catenaa, Friday, December 20 , 2024 –The Bitcoin Policy Institute has drafted an executive order aimed at establishing a US strategic bitcoin reserve, positioning the cryptocurrency as a permanent national asset. The proposal, intended for President Trump’s consideration, would designate bitcoin as a reserve asset under the Exchange Stabilization Fund (ESF).  The draft outlines a […]

Catenaa, Tuesday, February 18, 2025 – Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are exploring separate deals that could split Intel Corp., the Wall Street Journal reported. The chip-making giants are reportedly considering moves to divide Intel’s operations. Broadcom is eyeing Intel’s chip design and marketing business, while TSMC is exploring a potential stake in […]

Catenaa, Tuesday, December 10, 2024 – China’s leaders on December 9 announced a significant pivot in economic policy, adopting bolder measures to address slowing growth and prepare for 2025, while tensions with the US over trade and technology continue to escalate.  The Politburo, the nation’s top decision-making body led by President Xi Jinping, pledged to […]

Thursday, May 24, 2024 – The competition for dominance in the global semiconductor industry is intensifying, fueled by billions of dollars in investments from both the United States and China. The US allocated USD 32.8 billion under its CHIPS Act to boost Semiconductor and Chip production, while China set aside a staggering USD 142 billion. […]

Catenaa, Saturday, February 15, 2025 – A US district judge has granted a request from Binance and the Securities and Exchange Commission (SEC) to pause their ongoing legal dispute for 60 days, citing the SEC’s new crypto task force.  The decision follows a Monday court filing in which Binance and the SEC jointly requested the […]

WASHINGTON – The US Department of Transportation (DOT) has implemented a new rule from Wednesday, April 24 requiring airlines operating in the United States to offer cash refunds to passengers in the event of canceled flights. This rule applies to both domestic and international flights originating within the US. The rule also clarifies the timeframe […]

Catenaa, Monday, February 17, 2025 – European shares led by defence stocks rose to record highs on Monday, as the top political leaders of the region called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security. The pan-European STOXX 600 index  jumped as high as 0.4%, as a […]

Catenaa, Thursday, January 30, 2025 –The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50% on Wednesday, January 29, citing “elevated inflation” and a strong labor market, while bitcoin remained steady above $100,000.  “The Committee decided to maintain the target range for the federal funds rate at 4.25% to 4.50%,” the Fed said in […]

Catenaa, Saturday, February 01, 2025-GMCI has introduced the USA Select Index, a benchmark tracking 13 US -based cryptocurrency protocols, including XRP, Solana (SOL), and Dogecoin (DOGE), the company announced Tuesday. The index has surged 183% since November, climbing from $95 to $269.04 as of January 24, reflecting renewed investor confidence in US -focused digital assets. […]

Catenaa, Saturday, January 11, 2025 – The US Internal Revenue Service (IRS) has announced a temporary measure aimed at easing tax reporting for cryptocurrency holders utilizing centralized finance (CeFi) brokers, as per its latest notice, 2025-7.  The relief comes ahead of the implementation of Section 6045 broker regulations on January 1, 2025. These rules mandate […]

Kamala Harris mominated as His Replacement Washington, Monday, July 22, 2024– As Joe Biden bowed out of the presidential race on Sunday, Kamala Harris, the first woman of Indian origin, was named to replace him in the 2024 US presidential race for Democrats. Biden, 81, announced his decision to withdraw, stating it was “in the […]

Catenaa, Monday, January 20, 2025 – Melania Trump, the incoming first lady, launched a cryptocurrency called MELANIA on Sunday, just days after President-elect Donald Trump’s meme coin TRUMP ignited a market frenzy. MELANIA surged past $5 per token shortly after its debut, giving it a fully diluted market valuation of over $5 billion.  The launch […]

Catenaa, Friday, February 21, 2025 – The United States is edging closer to stablecoin regulations, with lawmakers refining key legislative proposals aimed at clarifying the digital asset market. S&P Global Ratings warns that without clear rules, institutional adoption will continue to lag.  The full report can be seen here. The stablecoin market has surged from […]

Catenaa, Saturday, December 14, 2024 – A Texas legislator introduced a bill Thursday to establish a state-held Bitcoin strategic reserve, signaling the state’s ambition to further embrace digital assets. The bill, H.B. No. 1598, sponsored by State Representative Giovanni Capriglione, aims to hold Bitcoin in cold storage for at least five years while allowing Texans […]

Catenaa, Thursday, January 23, 2025 – Donald Trump was inaugurated as the 47th President of the United States on January 20, making a return to power as the first leader since Grover Cleveland to serve non-consecutive terms. Due to freezing temperatures caused by a polar vortex, the ceremony was held in the Capitol Rotunda.  In […]

Catenaa, Friday, February 14, 2025 –TikTok has resumed availability on Apple and Google app stores in the United States after former President Donald Trump delayed enforcement of a ban until April 5, a report by BBC said. The popular video-sharing platform, used by more than 170 million Americans, was briefly removed last month as a […]

Catenaa, Monday, January 20, 2025 – TikTok began restoring services Sunday after President-elect Donald Trump announced plans to extend the timeline for enforcing a law banning the app unless ByteDance divests its US operations.Trump cited the app’s popularity and its role in benefiting small businesses as reasons for his decision, saying, “Frankly, we have no […]

Catenaa, Monday, February 10, 2025 – The Trump administration has ordered the Consumer Financial Protection Bureau (CFPB) to cease nearly all operations, effectively shutting down the agency established after the 2008 financial crisis to protect consumers.  Russell Vought, the newly appointed director of the Office of Management and Budget, instructed the CFPB to halt proposed […]

Catenaa, Thursday, December 26, 2024 – President-elect Donald Trump has announced plans to establish a massive US bitcoin strategic reserve, aiming to strengthen the dollar and neutralize the nation’s $36 trillion debt, according to a proposal championed by MicroStrategy founder Michael Saylor.  The proposal envisions generating up to $81 trillion in wealth through a federal […]

Catenaa, Wednesday, December 25, 2024 – President-elect Donald Trump is reportedly considering issuing an executive order related to the cryptocurrency industry on his first day in office, January 20, 2025, according to sources cited by Reuters.  The order could focus on establishing a federal Bitcoin reserve, creating a cryptocurrency council, or ensuring protected access to […]

Catenaa, Monday, December 23, 2024 – President-elect Donald Trump has appointed Bo Hines, a former college football player and Republican House nominee, as the head of his newly established Presidential Council of Advisers for Digital Assets, also called the “Crypto Council.” The announcement, made Sunday via Trump’s Truth Social account, underscores his administration’s focus on […]

Catenaa, Wednesday, February 05, 2025 – President Donald Trump signed an executive order Monday to establish the United States’ first sovereign wealth fund, directing the Treasury and Commerce departments to develop a plan within 90 days, reports said. The move has sparked speculation about potential Bitcoin acquisitions.  “We have tremendous potential,” Trump said during the […]

Catenaa, Thursday, January 30, 2025 (Wrapup) – US President Donald Trump told global business leaders last Thursday that they must bring manufacturing back to the US or face tariffs, while also pressing the OPEC alliance to lower oil prices, saying it would help end the Russia-Ukraine war.  Speaking via video to the World Economic Forum […]

 Catenaa, February 05, 2025 – The US government held its first official press conference on digital assets Tuesday, with Crypto Czar David Sacks outlining the Trump administration’s commitment to fostering a favorable environment for Bitcoin and blockchain innovation. Sacks emphasized that the administration’s executive order prioritizes digital asset adoption and regulatory clarity, a departure from […]

Catenaa, Thursday, February 13, 2025 – The United States US) and the United Kingdom (UK) have refused to sign an international declaration on artificial intelligence (AI) at the AI Action Summit in Paris, citing concerns over national security and governance. The agreement, backed by 61 countries, including France, China, and India, calls for an “open,” […]

Catenaa, Friday, January 17, 2024 (Wrapup) – US banks posted strong Q4 2024 earnings as market activity rebounded. JPMorgan led with record profits, while Goldman Sachs highlighted revenue growth. Bank of America exceeded estimates with notable gains in investment banking and trading. Wells Fargo saw a sharp rise in profits despite flat revenue. Leaders cited […]

WASHINGTON, Thursday, April 25, 2024- The US Chamber of Commerce filed a lawsuit against the Federal Trade Commission (FTC) on Wednesday, April 24, to block the agency’s recent ban on noncompete agreements. The Chamber argues that the FTC overstepped its authority by enacting the rule. Noncompete agreements restrict employees from working for a competitor within […]

Catenaa, Thursday, January 2, 2025-Credit card defaults in the US have reached their highest level since the Great Recession, raising alarm among economists and business leaders. According to data from BankRegData, lenders wrote off $46 billion in delinquent credit card balances between January and September 2024, a 50% increase from the same period last year. […]

Catenaa, Tuesday, December 24, 2024 – America’s growing reliance on debt could trigger a major economic downturn, warns Ruchir Sharma, chair of Rockefeller International, as he predicts the “bubble” of US economic dominance will soon burst. In a recent column in the Financial Times Sharma underscored the dangers of excessive deficit spending, noting that $2 […]

Catenaa, Friday, February 14, 2025 – US inflation unexpectedly rose to 3% in January, the highest level in six months, as soaring egg and energy prices pushed up consumer costs, according to data released Wednesday. The increase exceeded economists’ forecast of 2.9%, posing a challenge for the Federal Reserve and President Donald Trump’s economic agenda. […]

WASHINGTON DC, Thursday, March 14, 2024 – The House on Wednesday passed a bill that could lead to a US wide ban of the popular video app TikTok if its China-based owner, ByteDance Ltd., doesn’t divest its stake in the company. US Lawmakers cited national security concerns as the reason for the legislation. The bill […]

Catenaa, Thursday, February 06, 2025 – US lawmakers announced Tuesday the formation of a bipartisan working group to draft regulations for digital assets and stablecoins, aiming to establish a clear federal framework for the crypto industry. Led by key members from Senate and House committees, the group includes Senate Banking Committee Chair Tim Scott (R-S.C.), […]

Washington, DC, Monday, April 8, 2029- The United States recently imposed sanctions on ‘Gaza Now’ and other entities allegedly involved in fundraising for Hamas through cryptocurrency. The sanctions were announced by the US. Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) on March 27. Among those targeted […]

Catenaa, Monday, December 09, 2024-The US Senate Banking Committee is scheduled to vote on December 11 regarding the renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, known for her strong opposition to cryptocurrency developments. Crenshaw, who joined the SEC in 2020, has been vocal in her criticism of crypto-related initiatives. Earlier this year, […]

Catenaa, Friday, February 21, 2025 – Nearly 20 US states are considering legislation to add Bitcoin to their state reserves, potentially leading to $23 billion in cryptocurrency acquisitions. If enacted, the proposals would legally mandate large Bitcoin purchases, fueling demand from state governments and pension funds. North Dakota, however, is the only state to formally […]

Catenaa, Saturday,January 18, 2025 –The US Supreme Court has upheld a law banning TikTok unless its Chinese parent company, ByteDance, sells its US stake by tomorrow January 19, 2025. The unanimous ruling dismissed TikTok’s argument that the ban infringes on First Amendment rights, citing national security concerns tied to the app’s data practices and links […]

Catenaa, Monday, December 09, 2024-The US Treasury has officially referred to Bitcoin as “digital gold” following its explosive price surge, which recently saw the cryptocurrency cross the $100,000 threshold. The recognition marks a significant shift in the way the US government views Bitcoin, particularly as its market value continues to soar amid growing institutional interest. […]