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, Wednesday, April 09, 2025-Australia securities watchdog, the Australian Securities and Investments Commission (ASIC), has successfully shut down 95 companies linked to fraudulent crypto investment and romance scams. The Federal Court approved the closure yesterday, April 8, 2025, after ASIC revealed that the firms were operating under false or misleading premises. Many of the companies […]
Catenaa, Monday, April 21, 2025-Beijing China issued a stern warning Monday to countries seeking trade agreements with the United States that undermine Beijing’s interests, vowing to take retaliatory steps against those it accuses of “appeasement” in the escalating tariff war. In a sharply worded statement, China’s commerce ministry said countries negotiating with Washington at Beijing’s […]
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, Saturday, March 22, 2025-Bitfarms has completed its acquisition of Stronghold Digital in a stock-for-stock merger, further enhancing its footprint in the US. The deal, valued at $175 million when announced last August, positions Bitfarms to increase its mining capacity and operational capabilities. The transaction closed on Monday, with Stronghold shareholders receiving 2.52 Bitfarms shares […]
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, Wednesday, March 05, 2025-Tensions between the world’s largest economies escalated as China and Canada retaliated against the latest round of US tariffs, raising fears of a full-scale trade war. The crypto market, already under pressure, saw a significant 12% drop in market value on Tuesday, as investors reassessed their exposure to risk amid mounting […]
Catenaa, Thursday, April 17, 2025-China has ordered its airlines to suspend new deliveries of Boeing aircraft, escalating tensions in an intensifying US -China trade dispute, Bloomberg reported Tuesday. The directive halts delivery of approximately 10 Boeing 737 Max jets slated for Chinese carriers. Exceptions may be made if documentation and payment are finalized before Chinese […]
Catenaa, Saturday, April 19, 2025- China has suspended all exports of rare earth minerals and related magnets, cutting off critical supplies to the US, Japan, Germany and other nations in response to President Donald Trump’s sweeping “Liberation Day” tariffs. Beijing imposed export restrictions April 4, requiring licenses for rare earth shipments. However, the licensing system […]
Catenaa, Thursday, April 10, 2025- China has announced a sharp increase in tariffs on US imports, raising them from 34% to 84% in a direct response to the US imposing 104% tariffs on Chinese goods earlier on April 9, 2025. This sudden escalation in the trade war caused a ripple effect in global markets, leading […]
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 […]
Catenaa, Saturday, April 19, 2025-China warned on Tuesday that escalating tariffs imposed by the Trump administration will have serious repercussions for the global economy, even as its first-quarter growth surpassed expectations. China’s GDP expanded by 5.4% year-over-year between January and March, outpacing analysts’ forecasts of 5.1%. The surge was driven by stronger factory output and […]
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, Thursday, March 27, 2025-Chinese automaker BYD surpassed Tesla in total electric vehicle sales, including hybrids, delivering a record 4.3 million vehicles in 2024, the company announced recently. While Tesla sold 1.79 million battery EVs last year, BYD was close behind with 1.76 million. However, its hybrid sales gave it a commanding lead in the […]
Catenaa, Monday, April 21, 2025-US retail investors could trigger major sell-offs of Chinese companies’ American depositary receipts (ADRs) if the Trump administration moves to sever financial ties with China, Goldman Sachs warned Wednesday. In a report, the bank said individual investors in the U.S. held around $370 billion worth of Chinese ADRs, making them especially […]
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 […]
Catenaa, Friday, April18, 2025-The US Department of Justice (DOJ) has issued a policy memo signaling a major shift in its approach to Crypto enforcement, stepping back from pursuing cases that act as de facto regulation and instead focusing on clear criminal conduct, according to the document released last week. The memo ‘Ending Regulation By Prosecution‘, […]
Catenaa, Sunday, April 20, 2025-Investors are retreating from the US dollar and Treasurys as President Donald Trump’s sweeping tariffs stoke fears of economic instability and drive volatility in global markets. Since Trump’s latest tariff hike — the largest since 1909 — the dollar has lost nearly 10% of its value, hitting a three-year low against […]
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, March 17, 2025-A top European Central Bank (ECB) official warned that the United States’ (US) growing support for cryptocurrencies and non-bank financial institutions could sow the seeds of the next financial crisis. ECB Governing Council member François Villeroy de Galhau, speaking to French newspaper La Tribune Dimanche, criticized the US for what he […]
Catenaa, Thursday, April 10, 2025- European Union (EU) countries are set to approve their first wave of retaliatory tariffs against the United States on Wednesday, directly responding to President Donald Trump’s sweeping trade levies that took full effect the same day. The EU’s countermeasures target US steel and aluminum tariffs and include new 25% duties […]
Catenaa, Wednesday, April 23, 2025– European Union exports to the US increased by 22.4% year over year in February to a 13-month high, ahead of President Trump’s tariff concerns. Eurostat data showed on Wednesday, EU exports to the US amounted to $58.8 billion in February while imports from the US rose by 2.4% to $32.1 […]
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, Thursday, March 20, 2025- The Federal Reserve held interest rates steady Yesterday (Wednesday), maintaining them between 4.25% and 4.5%, citing increased uncertainty in the economic outlook. Stocks recently plummeted, and executives reported declining consumer confidence. Fed Statement can be read here. The Federal Open Market Committee (FOMC) also announced a slowdown in its quantitative […]
Catenaa, Friday, April 18, 2025-Freight carriers have begun canceling sailings from China to the United States as booking volumes plummet amid a deepening trade war, highlighting growing pressure on global supply chains and shipping routes. At least 80 canceled sailings from China have been recorded, according to logistics firm HLS Group. The cuts follow sharp […]
Catenaa, Wednesday, April 02, 2025-Global stock markets tumbled Monday as investors reacted to US President Donald Trump’s plans for sweeping new tariffs on imports, sparking fresh trade war fears. Trump, who has already imposed tariffs on steel, aluminum and cars, is set to announce additional levies on April 2, which could target all countries. The […]
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, Friday, March 14, 2025-Goldman Sachs has downgraded its US economic outlook for 2025, citing President Donald Trump’s escalating tariff policies as a major risk to growth, the investment bank’s chief economist, Jan Hatzius, said Tuesday. Goldman now forecasts US GDP to grow at US 1.7% US next year, down from its previous US 2.4% […]
Catenaa, Monday, April 07, 2025- Goldman Sachs has raised its US recession forecast to 35%, up from 20%, citing economic uncertainty fueled by former President Donald Trump’s proposed tariffs. The bank’s revised outlook aligns with warnings from Moody’s Analytics Chief Economist Mark Zandi, who described the situation as a “trade war” with escalating consequences. Major […]
Catenaa, Wednesday, April 09, 2025-Goldman Sachs forecasted a 2.4 percentage point cut to China’s GDP growth due to US President Donald Trump’s 104% tariffs on Chinese goods, which took full effect early Wednesday. The sweeping levies, analysts warn, could derail Beijing’s 5% growth target for 2025 and have already sparked renewed fears of a prolonged […]
Catenaa, Tuesday, Mach 25, 2025-Hyundai Motor Group revealed a $21 billion investment in the US alongside President Donald Trump at the White House on Monday, marking a significant expansion of its American manufacturing presence. The investment includes a $5.8 billion Hyundai Steel plant in Louisiana, projected to produce 2.7 million metric tons of steel annually […]
Catenaa, Wednesday, April 23, 2025-The International Monetary Fund (IMF) warned yesterday (22) that the global economy is entering a new, more volatile era, marked by heightened trade tensions, rising tariffs, and policy uncertainty. The IMF’s April 2025 World Economic Outlook projects global growth to slow to 2.8 percent this year, a sharp downgrade from its […]
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, Tuesday, April 15, 2025-JPMorgan blockchain division, Kinexys, launched real-time British pound blockchain payment services Monday, extending its 24/7 cross-border transaction capabilities to include GBP alongside euro and dollar offerings. The move allows corporate clients to make round-the-clock payments in pounds through blockchain-based deposit accounts. Key early users include the London Stock Exchange Group’s SwapAgent […]
Catenaa, Monday, April 14, 2025- US lawmakers are accelerating efforts to regulate digital assets, aiming to pass stablecoin and market structure bills amid signs the Department of Justice (DOJ) is pulling back from crypto enforcement. During a Wednesday hearing, members of the House Financial Services Committee emphasized the urgency of establishing clear legal standards for […]
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, Wednesday, April 23, 2025-Elon Musk said he will step back from his federal government role next month to concentrate on Tesla after the electric vehicle maker reported a staggering 71% plunge in first-quarter profits, intensifying pressure on the billionaire CEO. Speaking during Tesla’s earnings call Tuesday, Musk confirmed his “time allocation to DOGE will […]
Catenaa, Wednesday, April 16, 2025- Nvidia stock fell over 7% on Wednesday, after the company said that it would take a $5.5 billion hit from the new controls imposed by the US on its semiconductor exports to China. Nvidia said in a regulatory filing late Tuesday night that the US government informed the company it […]
Catenaa, Thursday, April 17, 2025-Nvidia has begun manufacturing AI chips in the United States, establishing operations in Arizona and Texas as trade tensions rise and new tariffs loom under President Donald Trump’s administration. The tech giant announced that its latest Blackwell chips are now being produced at Taiwan Semiconductor Manufacturing Company (TSMC) facilities in Phoenix. […]
Catenaa, Tuesday, April 01m 2025- The Organisation for Economic Co-operation and Development (OECD) has warned that escalating trade tensions and policy uncertainty could slow global growth in the coming years.The World Economic Forum Report can be seen here. In its latest report, the OECD predicts global GDP will decline from 3.2% in 2024 to 3.0% […]
Catenaa, Monday, April 14, 2025- Leading NFT marketplace OpenSea has urged the Securities and Exchange Commission (SEC) to clarify that NFT platforms should not be classified as exchanges or brokers under federal securities laws. In a letter sent Wednesday (09) to SEC Commissioner Hester Peirce, who chairs the agency’s newly formed Crypto Task Force, OpenSea […]
Catenaa, Thursday, April 10, 2025-The US Senate voted yesterday (09) to confirm Paul Atkins as the new Chair of the Securities and Exchange Commission (SEC), ushering in a regulatory era expected to favor the cryptocurrency industry. Atkins, a former SEC commissioner under President George W. Bush and founder of financial consulting firm Patomak Global Partners, […]
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, Tuesday, March 04, 2025-The US Securities and Exchange Commission’s (SEC) newly established crypto task force will hold its first roundtable on March 21, signaling a shift in the agency’s regulatory approach. The meeting, titled “How We Got Here and How We Get Out – Defining Security Status,” will take place at the SEC’s headquarters […]
Catenaa,Monday, March 03, 2025-The US Securities and Exchange Commission (SEC) has postponed a decision on approving options trading for Ether exchange-traded funds (ETFs), extending its review period beyond the initial deadline, regulators announced Friday. The delay affects multiple exchanges, including the CBOE Exchange, which had proposed listing options for Ethereum ETFs such as the Grayscale […]
Catenaa, Thursday, March 27, 2025-The US Securities and Exchange Commission (SEC) has dropped its investigation into Australian crypto firm Immutable, marking another shift in the agency’s evolving approach to digital assets. Immutable, which received a Wells Notice last October, announced Tuesday that the SEC had ended its probe into the company, the IMX Ecosystem Foundation, […]
Catenaa, Tuesday, March 04, 2025-The US Securities and Exchange Commission (SEC) has officially closed its investigation into Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection, and has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, marking a major shift in crypto regulation. Yuga Labs confirmed the SEC’s decision in a […]
Catenaa, Wednesday, March 26, 2025- The US Securities and Exchange Commission’s (SEC) Crypto Task Force announced Tuesday it would hold four additional roundtables between April and June to discuss crypto asset regulation, focusing on decentralized finance and tokenization.Commissioner Hester Peirce, who leads the task force, said the sessions aim to foster dialogue between regulators and […]
Catenaa, Friday, March 21, 2025-The US Senate will hold a confirmation hearing for Paul Atkins, President Donald Trump’s nominee for chair of the Securities and Exchange Commission (SEC), on March 27. The hearing, led by the Senate Committee on Banking, Housing and Urban Affairs, will also include nominees Jonathan Gould for Comptroller of the Currency […]
Catenaa, Friday, March 28, 2025-The US Senate has voted to repeal a controversial IRS rule on crypto taxation, with President Donald Trump expected to sign the measure, lawmakers said Wednesday. The resolution, introduced by Sen. Ted Cruz, R-Texas, and Rep. Mike Carey, R-Ohio, seeks to roll back reporting requirements imposed on decentralized finance (DeFi) entities. […]
Catenaa, Tuesday, March 25, 2025-The stablecoin market has reached a new milestone, surpassing $230 billion in market capitalization, driven by rising adoption and increasing regulatory support in the United States. Data from DefiLlama shows the stablecoin market cap now stands at $230.2 billion, marking a 72% increase from last year’s valuation of $133.25 billion. Tether […]
Catenaa, Wednesday, March 19, 2025-Tesla sales in Germany plummeted 76% in February as the electric vehicle maker faced backlash over CEO Elon Musk’s political ties and increasing competition in Europe’s biggest economy. According to the German Federal Motor Authority, Tesla sold just 1,429 vehicles last month despite a 31% rise in overall EV sales. Year-to-date, […]
Catenaa, Wednesday, March 19, 2025-Tesla shares fell another 5% Tuesday, continuing a steep downward trend as Wall Street analysts raised concerns about the electric vehicle maker’s global sales and competitive standing, particularly in China. The stock’s decline follows a 5% drop on Monday, extending a losing streak that could mark nine consecutive weeks of losses. […]
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, Sunday, April 20, 2025- The Trump administration is considering using tariff revenues to help build a US Strategic Bitcoin Reserve without tapping taxpayer funds, a senior White House adviser said this week. Bo Hines, executive director of the Presidential Council of Advisers on Digital Assets, told investor Anthony Pompliano that proceeds from recently expanded […]
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, Thursday, April 17, 2021- The Trump administration is weighing sanctions and access restrictions against Chinese AI firm DeepSeek amid concerns over data privacy, export violations and national security, according to officials familiar with the matter. The New York Times reported Wednesday that officials may block DeepSeek from US technology and restrict Americans from using […]
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, Wednesday, April 09, 2025-European stocks plunged Wednesday morning after US President Donald Trump’s sweeping reciprocal tariffs took effect, triggering sharp declines across sectors and deepening investor unease over a mounting global trade conflict. The pan-European Stoxx 600 index dropped 2.9% in early trade, with healthcare, mining and energy stocks leading losses. France’s CAC 40 […]
Catenaa, Saturday, March 01, 2025- President Donald Trump will host a cryptocurrency roundtable at the White House on March 7, bringing together key industry leaders, the administration announced Friday. The meeting will be led by White House Crypto and AI Czar David Sacks and Bo Hines, executive director of a digital assets working group. Trump […]
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, Tuesday, March 04, 2025-Taiwanese chip giant TSMC will invest at least $100 billion in the United States to build advanced semiconductor manufacturing facilities, President Donald Trump announced Monday, marking one of the largest private-sector commitments since his return to office. Speaking at the White House alongside TSMC CEO C.C. Wei, Trump said the investment […]
Catenaa, Thursday, April 03, 2025- The US Treasury and federal agencies are set to disclose their Bitcoin and cryptocurrency holdings on April 5, following an executive order from President Donald Trump, reports said. The move could redefine how digital assets fit into national financial strategy. The announcement is expected to confirm whether assets such as […]
Catenaa, Friday, April 04, 2025– Britain remains optimistic that US tariffs imposed by President Donald Trump could be lifted if a new economic agreement is reached, Business Minister Jonathan Reynolds said Tuesday. Reynolds stated that while Trump intends to apply tariffs universally before considering exemptions, a framework for a deal is already in place. Prime […]
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, March 07, 2025- US added over 150,000 jobs in February, the Labor Department said on Friday, offering reassurances that the labor market has remained relatively stable since President Trump took office. The US added a seasonally adjusted 151,000 jobs in February, slightly below the gain of 170,000 jobs economists polled by The Wall Street Journal […]
Catenaa, Thursday, March 06, 2025- US authorities have begun releasing thousands of seized Chinese-made Bitcoin mining machines after months of detainment, though most remain in custody, Reuters reported Wednesday. The seizures, carried out at ports nationwide by US Customs and Border Protection, followed Federal Communications Commission (FCC) directives aimed at enforcing trade regulations and curbing […]
Catenaa, Saturday, April 19, 2025-Major US banks reported strong profit in the first quarter of 2025, surpassing analysts’ expectations. However, executives raised alarms over the economic impact of ongoing tariffs, warning of potential slowdowns in growth. While trading revenues surged, with record performances in equity markets at JPMorgan Chase and Morgan Stanley, industry leaders cautioned […]
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, April 18, 2025-US demand for Chinese exports has ground to a halt at the Canton Fair, as surging tariffs from Washington trigger panic among manufacturers and uncertainty across global markets. Held for the first time since President Donald Trump’s sweeping 145% tariffs on Chinese goods took effect earlier this month, the country’s largest […]
Catenaa, Thursday, March 27, 2025-The Digital Chamber released its “U.S. Blockchain Roadmap” on Tuesday, outlining policy recommendations for Congress and the White House to strengthen financial stability, modernize banking, and position the US as a leader in blockchain innovation. The six-part framework calls for a strategic Bitcoin reserve, Bitcoin-backed US Treasuries, and the promotion of […]
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.), […]
Catenaa. Monday, March 24, 2025-A developer has ported Tornado Cash-the crypto protocol known for privatizing on-chain transactions-to MegaETH testnet after the US Treasury removed sanctions on the crypto-mixing protocol. Gunboats, the developer, deployed the contract named ETHTornado, citing its ease of implementation. MegaETH’s blockchain supports 20,000 transactions per second, enhancing private transactions. Some users raised […]
Catenaa, Thursday, February 27, 2025– US economic growth slowed in the fourth quarter of 2024, official data revealed on Thursday, with increases in consumer and government spending and decline in investments. Commerce Department’s Bureau of Economic Analysis (BEA) said Gross Domestic Product(GDP) decreased to a 2.3% in Q4 year on year, after accelerating at a 3.1% pace […]
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, Tuesday, February 25, 2025-The US Senate Banking Committee, led by Sen. Cynthia Lummis, will hold a hearing tomorrow, Wednesday February 26 to debate bipartisan cryptocurrency legislation, marking a renewed effort to establish clear regulations in the digital asset sector. The session, titled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” will include industry experts, lawmakers […]
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, Wednesday, April 16, 2025-New tariffs introduced by the Trump administration could cost US semiconductor equipment makers more than $1 billion a year, according to industry estimates discussed with US lawmakers and officials. The three largest companies in the sector—Applied Materials, Lam Research, and KLA—may each face losses of about $350 million annually due to […]
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. […]
Catenaa, Wednesday, March 05, 2025-The US Treasury Department on Tuesday sanctioned 49 cryptocurrency addresses linked to the now-defunct Nemesis darknet marketplace, accusing its alleged administrator of facilitating illicit transactions. The Office of Foreign Assets Control (OFAC) identified 44 Bitcoin and five Monero addresses tied to Iranian national Behrouz Parsarad, who allegedly ran Nemesis before it […]
Catebnaa, Monday, March 10, 2025- The White House on Friday, March 7 announced the establishment of a Strategic Bitcoin Reserve, a first-of-its-kind federal initiative to hold approximately 200,000 bitcoins—valued at $17 billion—sourced from assets seized in court proceedings. However, critics warn that rapid government adoption of digital assets must be met with clear guardrails to […]
Catenaa, Wednesday, April 09, 2025-The White House yesteday April 8 announced that the US would increase tariffs on China to 104%, escalating the trade conflict between the two nations. The move follows China’s refusal to reverse retaliatory tariffs on US goods, prompting President Donald Trump to impose a further 50% increase. This decision sent US […]
Catenaa, Sunday, March 30, 2025-Wyoming Gov. Mark Gordon distanced himself from a failed legislative attempt to establish a state-run Bitcoin reserve, citing the cryptocurrency’s volatility and the need for more practical initiatives. Speaking at the DC Blockchain Summit on Wednesday, Gordon emphasized a cautious approach. “Bitcoin has been incredibly volatile,” he said, adding that lawmakers […]
Catenaa, Friday, April 04, 2025-OnlyFans founder Tim Stokely’s startup Zoop, Amazon and the HBAR Foundation have submitted a bid to acquire TikTok from ByteDance, Reuters reported Wednesday. The bid was sent to the White House and President Donald Trump, according to Zoop co-CEO RJ Phillips. He said the move aims to reshape digital ownership, benefiting […]