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Italy has confiscated luxury yachts and homes worth $156 million from Russian oligarchs, adding to mounting pressure on Russian President Vladimir Putin to end his ruthless invasion of Ukraine.
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In retaliation for Russia's invasion of Ukraine, the United States, the European Union, and other Western economies have put harsh sanctions on Russia's central bank. The sanctions have effectively cut off important Russian banks from the SWIFT payment system, thereby locking Russia out of the western financial system and putting its enormous oil export business in jeopardy.
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On paper, the United States' move to freeze Russian President Vladimir Putin's personal assets appears to be a hollow gesture.
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As Moscow's conflict on Ukraine drags on and the Russian economy and currency plummet, Washington is said to be experimenting with a new tactic to put pressure on Putin: sanctions targeting cryptocurrencies such as bitcoin and ethereum.
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It is imprudent to allow your emotions and politics dictate your investment choices.
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It's been reported that Tesla would pull the plug on an autopilot technology that stops the cars from coming to a complete halt when approaching stop signs in 54,000 of its electric vehicles.
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Siraj Raval has used his 2018 Tesla Model 3 to mine for bitcoins in almost every method possible.
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Cryptocurrencies came under pressure this autumn when Congress saw the fledgling business as a way to earn tax money. Congress had all it needed to say it had secured $28 billion in projected tax income over the next 10 years in just a few short pages and two modifications to the Internal Revenue Code. Is it true, though, that taxing cryptocurrencies will bring $28 billion to the government's budget?
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Politicians are railing against 'stablecoins,' or dollar-backed cryptocurrencies, and the decentralized finance they enable.
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People will look back on the cryptocurrency naysayers of today with the same incredulity that we have for the telephone cynics of 1876.