Bitcoin News and Finance: What You Need to Know

The International Monetary Fund (IMF)’s first deputy managing director has warned of the risk of Cold War II. Noting that in the Cold War, it was the U.S. and the Soviet Union, the IMF official stressed that now it is the U.S. and China. “If fragmentation deepens, we could find ourselves in a new Cold War,” she cautioned. IMF Official Warns of Cold War II International Monetary Fund (IMF) First Managing Deputy Director Gita Gopinath discussed “Cold War II” in her speech on Monday at the 20th World Congress of the International Economic Association in Colombia. The IMF official began by stating that she believes we are “at a turning point.” She then discussed whether we are “on the brink of Cold War II,” citing historian Niall Ferguson’s argument that it has already begun. She analyzed the “parallels and differences between the Cold War and today” to explore this question, adding: In the Cold War it was U.S. and Soviet Union, now it is U.S. and China. But the stage on which these ...

U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords, ransomware gangs, and fraudsters to launder billions in stolen funds, evade sanctions, fund illegal weapons programs, and profit from devastating cyberattacks,” said Senator Warren. Elizabeth Warren’s Crypto Bill Gains More Support U.S. Senator Elizabeth Warren (D-MA) announced on Monday “an expanded coalition of Senate support” for her bipartisan Digital Asset Anti-Money Laundering Act . Senators Raphael Warnock (D-GA), Laphonza Butler (D-CA), Chris Van Hollen (D-MD), John Hickenlooper (D-CO) and Ben Ray Luján (D-NM) have joined the bill as cosponsors. The Digital Asset Anti-Money Laundering Act “would mitigate the illicit finance risks that crypto poses by closing loopholes and bringing the digital asset eco...

Skybridge Capital founder Anthony Scaramucci has predicted a multi-trillion-dollar future for bitcoin, independent of the U.S. Securities and Exchange Commission (SEC)’s spot bitcoin exchange-traded fund (ETF) decision. He also urged Senator Elizabeth Warren to learn more about Bitcoin and expressed optimism that JPMorgan CEO Jamie Dimon “will change his tune about bitcoin” as regulations evolve. Scaramucci Sees Bitcoin as a Multi-Trillion-Dollar Asset Skybridge Capital founder Anthony Scaramucci discussed a variety of topics in an interview with Bloomberg on Monday. While anticipating spot bitcoin exchange-traded fund (ETF) approvals in the first or second week of January, Scaramucci acknowledged the possibility of delays or rejections due to SEC Chair Gensler’s influence. However, “I don’t really think it’s going to matter,” he stressed, elaborating: I think the exponential growth of wallets, and the exponential adoption of bitcoin globally, is going to push prices higher into ...

Former U.S. President Donald Trump has launched a new digital trading card collection, the Mugshot Edition, and this is the first time he is also offering physical cards. Buyers who purchase 47 of these Mugshot Edition cards will receive a scrap of the suit Trump wore for his mugshot photo, along with an invitation to a gala dinner at his Mar-a-Lago home. Donald Trump’s Mugshot Digital Trading Card Collection Former U.S. President Donald Trump announced on his social media platform Truth Social Tuesday the launch of his new digital trading card collection, citing the success of his previous non-fungible token (NFT) collections. Trump wrote: Due to the great excitement and success of my previous Trump digital trading cards, we’re doing it again — The Mugshot Edition, available right now. “Plus, buy 47 cards and get a piece of the suit I wore for the ‘Mugshot Photo,’ and also get an invite to a gala dinner with me at Mar-a-Lago! Don’t wait, they’ll go fast (I believe!),” Trump em...