Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic nominee at a Sept. 13 Washington fundraiser. The grassroots event is scheduled to take place between the Congressional Black Caucus and Congressional Hispanic Caucus conferences, and aims to bring together a diverse group of donors, the organizers told Reuters. Tickets to the fundraiser range from $500 to $5,000, said Cleve Mesidor, executive director of the Blockchain Foundation and one of the organizers.
Treasuries End August Sliding as Traders See Gradual Fed Cuts
(Bloomberg) -- Treasury yields rose Friday as inflation data reinforced the outlook for a less-aggressive pace of Federal Reserve interest-rate cuts starting next month and investors anticipated an increase in global bond supply.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessA Guide to Urban Swimming in Europe, Beyond the SeineTurkey Plans Istanbul Taxi Surge to Tackle Complaint
Speculative Traders Turn Short Dollar as Fed Rate Cuts Loom
(Bloomberg) -- Speculative traders turned bearish on the dollar for the first time since February as the Federal Reserve looks set to kick off its easing cycle in September.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessA Guide to Urban Swimming in Europe, Beyond the SeineTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural Hospitals Shutter Maternity Wards, Urban Ones
'Pig butchering' gains traction among crypto scammers, causing billions in losses
Last year, the government recorded $4.57 billion in losses from investment fraud, but this figure is likely an underestimate.
Elon Musk’s Dogecoin insider trading case dismissed
The plaintiffs hoped to win $258 billion in damages, but the judge permanently dismissed the case.
Federal agency cracks down on a predatory lending practice that often hurts Somali Muslims
For years, Fartun Weli has been frustrated with the way low-income Somali Muslims in Minnesota have been targeted by shady home sellers edging their way into the community -- by exploiting a principle of Islam meant to protect the poor. Weli says many are refugee immigrants who know little about the formal homebuying process and often have little or bad credit. In comes a private seller who offers them seemingly low-priced homes without interest.
Why Musk dodged a $258 million Dogecoin lawsuit: His words were just ‘puffery’
Musk said he had bought Dogecoin for his son and that it could be the future currency of the earth.
Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement
It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.