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jolinejones90

@jolinejones90

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jolinejones90
@jolinejones90
Low interest rates are a positive catalyst for crypto prices as access to cheap credit encourages investors to borrow money and buy assets, thus propping up market prices.
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jolinejones90
@jolinejones90
Chairman Powell recently told the Senate Banking Committee that the central bank does not need to rush to cut interest rates — much to the chagrin of investors hoping for a lower rate environment in 2025.
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jolinejones90
@jolinejones90
President Trump previously said that he wants rates to drop to spur the United States economy and lower the federal government’s annual interest payments on the $36 trillion national debt.
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jolinejones90
@jolinejones90
Low interest rates are a positive catalyst for crypto prices as access to cheap credit encourages investors to borrow money and buy assets, thus propping up market prices.
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1 recast
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jolinejones90
@jolinejones90
Chairman Powell recently told the Senate Banking Committee that the central bank does not need to rush to cut interest rates — much to the chagrin of investors hoping for a lower rate environment in 2025.
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jolinejones90 pfp
jolinejones90
@jolinejones90
President Trump previously said that he wants rates to drop to spur the United States economy and lower the federal government’s annual interest payments on the $36 trillion national debt.
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thomasannie658
@thomasannie658
According to Bloomberg, Chinese officials may consider selling TikTok’s US operations to Elon Musk if the platform is forced to shut down in the country. While TikTok parent company ByteDance is still trying to fight the ban through legal means, the incoming Trump administration is seen as a wildcard.
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thomasannie658
@thomasannie658
Bipartisan legislation passed in 2024 mandated a full ban on TikTok in the country if ByteDance fails to divest the platform. Lawmakers say ByteDance’s ties to China represent a national security risk, especially if user data is shared with the government.
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c86749998
@c86749998
For his part, Musk said he’s opposed to a TikTok ban on grounds that it would be “contrary to freedom of speech and expression.”
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c86749998
@c86749998
Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday. Subscribe below to stay alert.
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wilsongillian959
@wilsongillian959
The United States Securities and Exchange Commission has charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse.
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wilsongillian959
@wilsongillian959
According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.
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wilsongillian959
@wilsongillian959
Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.
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jolinejones90
@jolinejones90
The settlement is the latest chapter in the legal saga of Genesis, which filed for Chapter 11 bankruptcy protection in January 2023 due to a 2022 default by Three Arrows Capital — a former borrower of Genesis.
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jolinejones90
@jolinejones90
The collapse of 3AC sent shockwaves through the crypto industry, affecting all crypto firms exposed to the now-defunct crypto hedge fund.
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jolinejones90
@jolinejones90
The $570 million investment plummeted by well over 99% and was worth only $670 in June 2024 — a major hit to any company’s balance sheet and ability to pay back its loans.
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jolinejones90
@jolinejones90
The $570 million investment plummeted by well over 99% and was worth only $670 in June 2024 — a major hit to any company’s balance sheet and ability to pay back its loans.
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jolinejones90 pfp
jolinejones90
@jolinejones90
The collapse of 3AC sent shockwaves through the crypto industry, affecting all crypto firms exposed to the now-defunct crypto hedge fund.
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jolinejones90 pfp
jolinejones90
@jolinejones90
The settlement is the latest chapter in the legal saga of Genesis, which filed for Chapter 11 bankruptcy protection in January 2023 due to a 2022 default by Three Arrows Capital — a former borrower of Genesis.
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lucasjohnson0988
@lucasjohnson0988
Despite Coinbase’s move to delist USDT, the stablecoin has continued trading across the EU, with many exchanges still awaiting further clarity from European authorities on USDT’s compliance with MiCA.
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