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News & Articles By Arsenio Toledo
07/08/2022
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By Arsenio Toledo
Jobless claims surge to highest level in 6 months as employers cut jobs due to weakening economy
The number of Americans who have filed initial jobless claims has risen to a six-month high, marking the fifth consecutive month that weekly claims for unemployment benefits have topped the 230,000 mark. According to government data from the Department of Labor, initial filings for state unemployment benefits increased by 4,000 to a seasonally adjusted 235,000 claims […]
07/07/2022
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By Arsenio Toledo
Federal Reserve may adopt “more restrictive” policies if inflation persists
The Federal Reserve might adopt even “more restrictive” policies in the future if the latest interest rate hikes are unable to properly deal with the inflation crisis. Last month, Fed policymakers increased interest rates by 75 basis points (0.75 percent) and also supported the possibility of increasing the interest rate again in July by either […]
07/06/2022
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By Arsenio Toledo
Cryptocurrency lending company Vauld suspending withdrawals, transactions and deposits as crypto market crash takes its toll
Cryptocurrency lender Vauld announced on Monday, July 4, that it is pausing withdrawals, trading and deposits on its platform as it explores potential restructuring options following the massive collapse in the value of cryptocurrency assets. Vauld CEO Darshan Bathija said in a blog post on Monday, July 5, that the Singapore-based company is facing “financial […]
07/03/2022
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By Arsenio Toledo
“Cryptoqueen” becomes first crypto criminal on FBI’s top 10 most wanted
The Federal Bureau of Investigation (FBI) has just added Ruja Ignatova, also known as the “Cryptoqueen,” to its 10 Most Wanted Fugitives list. Ignatova is known for her involvement in the Ponzi scheme known as OneCoin, which is estimated to have defrauded investors out of over $4 billion. The scam, which was active from late 2014 to March […]
07/01/2022
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By Arsenio Toledo
Wells Fargo CEO warns American economy unprepared for Fed interest rate hikes
Wells Fargo CEO Charles Scharf warned that America’s economy is not prepared to deal with the Federal Reserve’s interest rate hikes. Scharf gave this warning during an interview on CNBC. It follows the Fed’s announcement that it will try to rein in out-of-control inflation with more rate hikes. Fed Chair Jerome Powell claimed this is the only […]
06/30/2022
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By Arsenio Toledo
“Crypto Nostradamus” John Perez: $2 trillion loss in value just the start, larger crypto crash coming
John Perez, the “crypto Nostradamus” who predicted the cryptocurrency market’s ongoing collapse, believes an even bigger crash is looming over the horizon for cryptocurrencies. Latest reports by industry analysts have warned that cryptocurrencies have lost around $2 trillion in value since their peak in Nov. 2021. This is according to crypto data website CoinMarketCap, whose investigation found […]
06/29/2022
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By Arsenio Toledo
Hackers steal over $104 million worth of crypto assets from blockchain bridge
Hackers have stolen approximately $104 million worth of cryptocurrency from cryptocurrency startup Harmony, which hosts the Horizon “blockchain bridge.” Blockchain bridges facilitate communication between different blockchains and allow users to send cryptocurrencies and other assets like tokens and NFTs between different blockchains. These bridges play big roles in the world of decentralized finance (DeFi), as the spread-out nature […]
06/28/2022
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By Arsenio Toledo
Announcement of Russia defaulting on debts an attempt to divert attention away from the West’s endless money printing
The announcement that Russia has defaulted on its debt is an attempt by Western central banks to hide the fact that it is destroying the global financial system by flooding it with more newly printed money. Russia has supposedly defaulted on its external sovereign bonds for the first time since 1918. This is the culmination of severe […]
06/27/2022
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By Arsenio Toledo
Biden economic advisor claims MORE SPENDING will combat inflation
An economic adviser to President Joe Biden claimed that more government spending is necessary for the United States to combat the inflation crisis. Cecilia Rouse, chair of the Council of Economic Advisers, made this claim during an interview with Joe Kernen, news anchor for the CNBC program “Squawk Box.” During the interview, Rouse was asked if […]
06/26/2022
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By Arsenio Toledo
Fed chair admits US dollar’s international standing could collapse
Federal Reserve Chair Jerome Powell admitted in a speech that the American dollar is at risk of losing its standing as the world’s preeminent currency. He made this admission as he pushed for the United States to create a digital currency that he said would preserve the dollar’s status. Powell made this claim during a speech at […]
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