The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator. The US securities regulator is reportedly offering staff $50,000 to resign or retire by April 4, according to a March 4 Bloomberg report citing…
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The US economy could be shrinking at its fastest rate since the COVID-19 lockdown, according to the Federal Reserve Bank of Atlanta’s GDPNow model, which is now forecasting America’s gross domestic product to fall 2.8% in the first quarter. The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking…
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Crypto exchange Coinbase is seeking to discover how much the US Securities and Exchange Commission (SEC) spent on enforcement action against crypto firms. Coinbase chief legal officer Paul Grewal said in a March 3 statement to X that the request under the Freedom of Information Act (FOIA) was submitted to the SEC to find out…
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Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart. Source: Cointelegraph/TradingView Despite February’s monthly candle closing at $84,299, BTC’s (BTC) weekly close formed a doji candle,…
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Cryptocurrency traders were in for a pleasant surprise on March 2 after US President Donald Trump announced a crypto strategic reserve to include Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). The news triggered huge buying, with Bitcoin rising from about $85,000 to $95,000 and Cardano galloping more than 72%. The remaining…
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US President Donald Trump’s plans for a strategic cryptocurrency reserve are good news for the industry, but they are no substitute for clearer regulation, Patrick Young, go-to-market lead at Web3 app Galxe, told Cointelegraph on March 3. In a March 2 post on the social media platform Truth Social, Trump said he told his administration’s…
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Bitcoin (BTC) price plunged from $93,700 to $89,250 in under an hour on March 3, wiping out half of the previous day’s gains. The drop likely triggered panic among traders as S&P 500 index futures fell 1% following China’s announcement of retaliatory measures against the United States’ additional 10% import tariffs. Despite the sell-off, Bitcoin’s…
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A district court judge dismissed a United States Securities and Exchange Commission’s (SEC) lawsuit alleging that Hex founder Richard Heart raised over $1 billion through unregistered crypto offerings and defrauded investors of more than $12 million. Heart, whose real name is Richard Schueler, was also accused of spending the money on luxury items. Judge Carol…
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US Congresspeople Ritchie Torres and Tom Emmer are forming a “Congressional Crypto Caucus” with the goal of advancing crypto-friendly policies in the US House of Representatives. Torres announced the news via his X account on March 3. The Congressional Crypto Caucus follows the formation of the “Congressional Blockchain Caucus,” another bipartisan group that arose during…
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Bitcoin (BTC) sold off at the Mar. 3 Wall Street open as US trade tariffs kept risk-asset traders on their toes. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin braces for Trump “investment announcement” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $90,000, shedding up to 5% on the day. Initial excitement over the…
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