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Cryptocurrencies

Beware, Next Target Cryptocurrency: “Lawmakers fear cryptocurrencies could be back door for sanctioned rubles”

“…The anonymity provided by bitcoin and other cryptocurrencies could undermine the effectiveness of sanctions against Russia after its invasion of Ukraine, the lawmakers say. Industry advocates, however, say the technology provides greater transparency for law enforcement and warn against an overreaction… Continue Reading…

Cryptocurrencies

“Bitcoin’s slump opens the door to a tax loophole every investor needs to know”

“…If you’re a crypto investor down in the dumps, there’s a strategy you can use that might take some of the sting out of your recent losses. It’s called a “wash sale… Let’s say your Bitcoin investment lost you $50,000… Continue Reading…

Business

“Disney’s profit plunged 91% last quarter as its parks closed their doors”

“Disney’s profit dropped a whopping 91% during the first three months of 2020, revealing the widespread damage that the coronavirus pandemic has brought on its media empire. Although sales for its second quarter were up 21% to $18 billion, Disney’s profit… Continue Reading…

Business, Economy

“Fed holds rates steady, but opens the door for a rate cut in the future”

“A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could… Continue Reading…