Joe Biden News

18.04 / 03:47

business Technology Adoption Google Tech EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development

A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google's CEO cautioned against releasing powerful AI tech before society has had a chance to adapt.

11.04 / 13:31

Blockchain Kucoin Digital NASDAQ Action Apple NOT Europe and Asia — not the US — will lead in blockchain

The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and Ethereum.

10.04 / 16:01

UPS Maxim Manufacturing 500 That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds

It may soon be tougher for consumers to get a $7,500 federal tax credit when buying a new electric vehicle, due to U.S. Department of the Treasury rules set to take effect in about a week.

09.04 / 01:05

COST BTC Digital ICO Bitcoin Time Bitcoin Price Prediction as Market Indicators Point to a Positive Outlook Despite Recent Dip – Time to Buy?

Recent market trends are pointing towards a positive outlook for Bitcoin's price, causing investors to consider if this is the right moment to invest in them, even after the dip. Taking into account the current analysis and projections, it is possible to roughly gauge how cryptocurrency may fare in the future.

06.04 / 18:51

CBDC Adoption Federal Reserve White House hopeful RFK Jr. says instant payments may lead to ‘financial slavery’

Robert F. Kennedy Jr. filed documents with the United States Federal Election Commission on April 5 to run as a Democratic presidential candidate in 2024, according to multiple news reports. He is expected to officially announce his candidacy on April 19 in Boston, Massachusetts. As reports of his candidacy spread, Kennedy tweeted his position on central bank digital currency (CBDC).

05.04 / 09:21

business regulation data white house US President US President Joe Biden urges tech firms to address risks of AI

United States President Joe Biden stated on Tuesday that the safety of artificial intelligence (AI) is still uncertain and emphasized that technology firms should ensure that their products are secure before releasing them to the public.

02.04 / 13:17

Government Law Stablecoin Adoption Tether Stress test? What Biden’s bank bailout means for stablecoins

The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part of its inflation-hit bond portfolio, led to a depegging event for major stablecoins in the crypto sector, leaving many to wonder whether it was a simple stress test or a sign of weakness in the system.

28.03 / 00:11

Government Law regulation us government Congress Taxes Biden's policy on crypto taxation undermines his environmental goals

Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from the administration of United States President Joe Biden.

22.03 / 09:23

Blockchain CBDC Adoption regulation us government Federal Reserve retail US Senator Ted Cruz tries again with new bill to block CBDC

Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (CBDC).

21.03 / 21:45

CRA Exodus Morningstar Biden used first veto to save a 401(k) investment rule. Here's what it does

President Joe Biden used his first veto to preserve a recent U.S. Department of Labor rule about investment choice in 401(k) and other workplace retirement plans.

21.03 / 16:45

business banking Silvergate Bankruptcy U.S. Yellen defends government intervention to avoid another SVB

Nearly two weeks after the collapse of three United States banks - Silicon Valley Bank (SVB), Silvergate and Signature- Treasury Secretary Janet Yellen said the federal government is ready to take action if needed.

18.03 / 08:43

business Adoption Central Bank banking Silicon Valley Bankruptcy More 186 US banks well-positioned for collapse, SVB analysis reveals

The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank (SVB). Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are at potential risk of a run.

17.03 / 01:07

regulation Congress SVB Signature Bank lawmaker US lawmaker suggests Signature's collapse was tied to instability of crypto

Michael Bennet, a United States Senator representing the state of Colorado, has suggested that banks that associated with crypto firms did not make “prudentially sound” decisions.

16.03 / 21:25

Platform Action Fallout SVB Overnight collapse of two traditional banks triggers chaos

On March 11, the financial world was rocked by the sudden collapse of two major traditional banks, Silicon Valley Bank and Signature Bank. This triggered a series of events that impacted millions of businesses, venture capitalists, and bottom-line investors alike. One of the most significant effects of this collapse was the depegging of several stablecoins, including USD Coin (USDC), USDD (USDD), and Dai (DAI), from the U.S. dollar. Circle, the company that issues USDC, announced that $3.3 billion of its $40 billion reserves were stuck in SVB, causing the depegging of the stablecoins.

16.03 / 19:19

business Mining Altcoin Cloud Mining Bitcoin Crypto mining in 2023 — Is it still worth it? Watch Market Talks

In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.

15.03 / 10:31

business Adoption SVB mixup forces India's SVC Bank to issue a notice of clarification

The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution.

14.03 / 11:29

business regulation Federal Reserve Bankruptcy Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, US President Joe Biden assured that no American taxpayer would feel the burn as the federal government takes action to protect the affected depositors.

13.03 / 23:27

CFTC regulation SEC SVB Silvergate Silvergate and SVB bite the dust: Law Decoded, March 6–13.

Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a significant on-ramp for cryptocurrencies in the United States — shut down operations due to liquidity problems.

13.03 / 23:27

business Banks banking US banks experience volatility and trading halts amid bank failures and presidential assurances

Banks saw their share prices take a rollercoaster ride over the weekend and into March 13. Trading was temporarily halted for dozens of United States regional banks amid volatility and falling prices.

13.03 / 21:01

Bitcoin Signature Bank Silicon Valley Bank Another Bank Down: Crypto-Friendly Signature Bank Closed Over Systemic Risk Concerns – What Does This Mean for Crypto?

Yet another crypto-friendly bank has gone down with the collapse of New York-based Signature Bank. But according to the industry, crypto now cannot be stopped.

13.03 / 08:29

business Blockchain regulation SEC us government Usd Coin Biden vows to hold those responsible for SVB, Signature collapse

The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their deposits are safe.

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