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arusso • Nov 6, 2024, 2:22 pm EST

Trump Secures Historic Victory in 2024 Election

Donald Trump has won the 2024 U.S. presidential election, making history by clinching both the Electoral College and the popular vote, a sweeping result that has sent a powerful message to Washington, D.C.: Americans are ready for real change. The significance of this moment cannot be overstated—it’s a clear mandate for freedom, reform, and a new direction. As news of Trump’s win unfolded, Bitcoin surged to an all-time high, reaching a new peak of almost $75,000 in the midst of the excitement. The rally reflects a growing belief in economic independence and the future of decentralized finance, principles that resonated

1 minute

arusso • Aug 28, 2024, 12:30 pm EDT

RFK Jr. & Tulsi Gabbard Endorse Trump: A Unifying Moment for a Divided Nation

In a political landscape often defined by division, the recent endorsements of Donald Trump by Robert F. Kennedy Jr. and Tulsi Gabbard stand out as a powerful reminder that shared values can transcend partisan lines. These endorsements are not just about backing a candidate—they represent a broader shift in the American political psyche, where principles of sovereignty, anti-corruption, and the need to heal the country are becoming more important than strict party loyalty. Both RFK Jr. and Gabbard have made it clear that they didn’t leave the Democratic Party; the Democratic Party left them. Over the past few years, these

3 minutes

johnd • Aug 15, 2024, 3:22 pm EDT

Another Week, Another Massive Data Leak

In what could be one of the most significant data breaches in history, the Social Security numbers of virtually every American may have been compromised. This breach, potentially affecting billions, highlights the ongoing vulnerabilities in the way sensitive information is stored and managed. Four months ago, a notorious hacking group, identified as USDoD, claimed to have stolen an extraordinary amount of personal data from a major data broker known as National Public Data (NPD). This broker provides personal information to a range of clients, including employers, private investigators, and agencies conducting background checks. The hacking group initially offered to sell

3 minutes

carlp • Jun 22, 2024, 12:36 am EDT

Winklevoss Twins Donate Over $2 Million in Bitcoin to Trump: A Stand Against the Biden Administration’s Crypto Policies

In a significant show of support for former President Donald Trump, Cameron and Tyler Winklevoss have donated 30.94 Bitcoin, valued at over $2 million, to his campaign. The Winklevoss twins, renowned for their early investment in Bitcoin and the founding of the Gemini cryptocurrency exchange, made the announcement on X, expressing their discontent with the Biden Administration’s aggressive and hostile approach to bitcoin and cryptocurrency regulation. A Unified Front for Crypto Advocacy The Winklevoss twins are not alone in their support for Trump. Their donation is part of a broader trend among prominent figures in the cryptocurrency community, including Bitcoin

3 minutes

satoshin • Apr 8, 2024, 10:50 am EDT

Louisiana State Legislature Unanimously Approves Bitcoin Rights Bill

Louisiana has officially become the 11th state to adopt groundbreaking legislation that significantly bolsters the rights of Bitcoin users, marking a notable trend in state-level pro-Bitcoin legislation. The bill, unanimously passed with a 103-0 vote in the State House of Representatives, was sponsored by Louisiana State Representative Mark Wright. Dennis Porter, CEO of the Satoshi Action Fund, lauded the bill as a testament to Bitcoin’s rising importance. “This landmark bill led by Mark Wright is indicative of the growing recognition of Bitcoin’s significance in today’s digital economy,” Porter noted. Central to this legislation is the guaranteed freedom for individuals to

2 minutes

satoshin • Mar 26, 2024, 1:36 pm EDT

Assange is Given Permission to Ask for Permission to Request Permission

If it sounds absurd, it’s because it is. “How can you even entertain this hearing knowing what we know? It’s all on the public record. And yet it continues,” states Stella Assange outside London’s High Court where Julian Assange’s long-standing legal battle took a new turn as the British court ruled against his extradition to the United States, unless the U.S. government can guarantee he won’t face the death penalty. The latest development grants the WikiLeaks founder a reprieve, albeit temporary, in a saga that has captured global attention for over a decade. But what is really on trial when

3 minutes

arusso • Jan 19, 2024, 1:56 am EST

IRS Delays Reporting Requirements for Cryptocurrency Transactions Above $10,000

The U.S. Internal Revenue Service (IRS) has postponed the enforcement of reporting cryptocurrency transactions exceeding $10,000 for U.S. businesses. This delay follows a meticulous revision of the Infrastructure Investment and Jobs Act (IIJ Act) by the U.S. Treasury Department and the IRS. Initially set for January 1, these rules faced considerable criticism from the bitcoin and cryptocurrency communities, triggering legal challenges like the ongoing lawsuit by Coin Center against the Treasury Department. Traversing Regulatory Challenges in Cryptocurrency Reporting While the postponement provides temporary relief, businesses still have the obligation to comply with reporting requirements. However, the IRS has yet to

2 minutes

johnd • Dec 2, 2023, 11:43 am EST

SoFi Exits Crypto

SoFi’s exit from the cryptocurrency sector, impacting almost 7 million customers, underscores the impact of regulatory scrutiny on financial institutions involved in crypto. The company’s move to wind down its crypto operations is a significant development in the U.S. regulatory landscape. It reflects the need for clear guidelines to foster growth and innovation in the crypto space.

3 minutes

carlp • Nov 16, 2023, 11:43 am EST

The Bank Secrecy Act & Financial Surveillance

The Bank Secrecy Act (BSA) has long been a cornerstone of financial regulation in the United States. Congress first passed the Bank Secrecy Act in 1970 as the first laws to fight money laundering in the United States. Originally targeting insured banks, its scope has widened over the years, now encompassing a broad category of entities termed “financial institutions.” This expansion, while seemingly straightforward, raises significant constitutional and legal questions. The BSA grants the Secretary of the Treasury sweeping powers, including the ability to expand or narrow the range of entities under surveillance and to exempt certain parties from obligations.

3 minutes

carlp • Oct 20, 2023, 1:41 pm EDT

Major Banks Accelerate Closure of Branches Nationwide; BofA Leads with Over 50 Shutdowns in a Single Week

Consolidation within the banking sector continues to accelerate as major financial institutions across the United States are rapidly shuttering physical bank branches, raising concerns among consumers and highlighting the shifting landscape of banking in the digital age. October Bank Closures Based on a recent bulletin released by the Office of the Comptroller of the Currency (OCC), Bank of America has taken the lead in this trend, closing down a staggering 21 branches within the first week of October. Wells Fargo closely followed with 15 closures, while US Bank and JPMorgan Chase reported the closure of nine and three branches, respectively.

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