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News & Articles By Arsenio Toledo
12/06/2023
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By Arsenio Toledo
Bitcoin price, which has risen by more than 150% since the beginning of the year, surges above $42,000
A weekend rally has made the price of bitcoin surge above $42,000 for the first time in 19 months, as frenzied speculation in the digital asset’s market continues to help the prices of cryptocurrencies climb by more than 150 percent this year. On Monday, Dec. 4, bitcoin rose by as much as 6.1 percent to […]
11/29/2023
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By Arsenio Toledo
Binance cryptocurrency exchange pleads guilty to violating U.S. anti-money laundering laws
Binance, the world’s largest cryptocurrency exchange, recently pleaded guilty to breaking American anti-money laundering laws. Binance submitted its plea before a federal court in Seattle, Washington on Nov. 21. As part of its guilty plea, the cryptocurrency company has agreed to pay a $50 million fine to the federal government – a fine that, interestingly enough, […]
11/29/2023
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By Arsenio Toledo
JPMorgan Chase to shut down nearly 160 bank branches across the U.S.
JPMorgan Chase, America’s largest bank, will have shut down 159 branches across the country by the end of 2023. For Chase Bank’s customers, these closures represent serious inconveniences, if not outright terrible disruptions to their lives. Services previously offered by human bank tellers and other banking professionals who used to staff these now-shuttered branches have now been […]
11/27/2023
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By Arsenio Toledo
Thanksgiving was more expensive under the Joe Biden administration thanks to “Bidenflation”
The staple foods included in every Thanksgiving meal are now more expensive as food inflation grips the nation, thanks to President Joe Biden’s economic policies. Some notable holiday favorites severely impacted by food inflation include russet potatoes, canned pumpkins and canned cranberries, whose prices are up 14 percent, 30 percent and 60 percent, respectively, compared to […]
11/16/2023
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By Arsenio Toledo
Congress passes ANOTHER stopgap spending bill, delaying long-term solution to budget crisis
The House of Representatives has passed another stopgap funding bill, once again delaying a long-term solution for the government budget and making the possibility of a government shutdown more likely. By a vote of 336 to 95, with 209 Democrats and 127 Republicans supporting it, the House passed another stopgap government funding bill. Ninety-three Republicans […]
11/15/2023
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By Arsenio Toledo
47 Nations combine forces to require automated tax authority monitoring of crypto trading data
Nearly 50 nations, including the U.S., have announced their intention to collaborate to enable the automatic exchange of information between cryptocurrency trading firms and tax agencies. In a press release, the British government said this new coalition of nations and other jurisdictions is partnering up with the Organization for Economic Cooperation and Development (OECD) to […]
11/14/2023
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By Arsenio Toledo
Cocoa prices rise to highest level in 45 years as poor weather diminishes outlook for harvests
Cocoa prices in New York rose to more than $4,000 per ton on Friday, Nov. 10, the highest level since 1978, as the outlook of poor crop harvests in the world’s cocoa capital of West Africa caused prices to skyrocket. Global cocoa supplies are tightening amid concerns that current cocoa production levels might not be enough […]
11/14/2023
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By Arsenio Toledo
Bangladesh garment factory owners demand fashion retailers help shoulder costs amid economic slowdown and mandated wage hike
Owners of clothing factories in global fashion manufacturing hub Bangladesh are asking major clients to help them pay for a 56 percent government-mandated hike in wages for garment factory workers. The wage increase of 56 percent is the first notable wage increase for the industry’s workers in five years and raises wages to 12,500 Bangladeshi […]
11/10/2023
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By Arsenio Toledo
DESPERATE MOVE: Zelensky BEGS Western allies for more money, promises to pay back all loans after the war
In a recent interview with MSNBC, Ukrainian President Volodymyr Zelensky made a plea to his country’s Western allies for urgent financial assistance, promising to pay back these loans at the conclusion of Ukraine’s conflict with Russia. “If you can’t give us some financial support, okay,” he said. “Please, give us a loan and we will pay […]
11/08/2023
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By Arsenio Toledo
The West’s price cap on Russian oil exports is NOT WORKING
The price cap on Russian oil exports introduced by the United States-led Group of Seven organization and the European Union late last year has not produced its desired effect. This is according to multiple reports released by journalists from mainstream media outlets, including Politico and the Wall Street Journal. (Related: HYPOCRISY: U.S. to INCREASE IMPORTS from Russia amid […]
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