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Denial of Electricity Service Could Become Next Geopolitical Weapon

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With electricity expected to account for a large share of the world’s energy use by 2050, the stakes are high. Denial of Electricity Service Could Become Next Geopolitical Weapon Forty-eight years ago, the Organization of the Petroleum Exporting Countries (OPEC) unsheathed an energy weapon in the form of an oil…

Insurance Giant CNA Financial Reportedly Paid Hackers $40M In Ransom

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CNA Financial, one of the biggest insurance companies in the US, reportedly forked over $40 million in ransom after it was hit by a cyberattack in late March. Insurance Giant CNA Financial Reportedly Paid Hackers $40M In Ransom The Chicago-based company was locked out of its network and decided to…

Fed’s ‘Infinite Cash’ Put To The Test In A World Of Leverage

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Some companies’ debt burdens are too heavy to withstand the economic shock from the coronavirus outbreak. Fed’s ‘Infinite Cash’ Put To The Test In A World Of Leverage Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday night on CBS’s “60 Minutes” that “there is an infinite…

Big Short’ Investor Michael Burry Bets On Higher Inflation With A Slew Of Bets Against Treasury Bonds

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Michael Burry bet against Elon Musk's Tesla last quarter, and backed up his warnings of higher inflation with a slew of bets against Treasury bonds. Big Short' Investor Michael Burry Bets On Higher Inflation With A Slew Of Bets Against Treasury Bonds Updated: 6-14-2021 Don’t Discount Bond Vigilantes, Says Economist…

Why The Bitcoin Crash Was A Big Win For Cryptocurrencies

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Under extreme stress, the decentralized finance system worked as designed. Why The Bitcoin Crash Was A Big Win For Cryptocurrencies The cryptocurrency market means different things to different people. To many, it represents an object of naked speculation, which consumes almost all the media coverage about the space. For these…

Six Million Tax Returns Are ‘In Suspension’ At The IRS, And That’s Preventing Many Families From Receiving A Valuable Tax Credit

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The IRS backlog of 2019 tax returns keeps shrinking — but now for the bad news. Six Million Tax Returns Are ‘In Suspension’ At The IRS, And That’s Preventing Many Families From Receiving A Valuable Tax Credit Days after the latest tax season ended, the Internal Revenue Service still has…

Inflation Rate Calculator: Customize Your Own Consumer-Price Index

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The Covid-19 pandemic changed Americans’ spending habits, and the government’s monthly inflation report may not show price changes you are seeing at the pump or supermarket. Inflation Rate Calculator: Customize Your Own Consumer-Price Index The Labor Department reported last week that its consumer-price index jumped 4.2% in April from a…

Treasury Calls For Crypto Transfers Over $10,000 To Be Reported To IRS

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The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least $10,000 of cryptocurrency to be reported to the Internal Revenue Service. Treasury Calls For Crypto Transfers Over $10,000 To Be Reported To IRS President Biden's vision for an empowered, expanded…

Crypto Traders Can Automate Legal Requests With New DoNotPay Services

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A service that started with parking tickets has now found its way to the crypto markets. Crypto Traders Can Automate Legal Requests With New DoNotPay Services Robot lawyer platform DoNotPay is expanding to cryptocurrency businesses, offering a suite of services to automate the drafting and sending of legal letters to…

Bitcoin Marches Away From Crypto Pack In Show of Resiliency

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Bitcoin’s rebound is making another rebuttal to those who expect the largest cryptocurrency will be overtaken by the meme-worthy heirs cropping up in droves. Bitcoin Marches Away From Crypto Pack In Show of Resiliency While the original token was able to pare back its losses to just 11% from 31%…

Capitulation City As Bitcoin Dumps To $31K, ETH To $2K Before Reversal

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Liquidations, China and even Elon Musk may be factors in markets falling. Capitulation City As Bitcoin Dumps To $31K, ETH To $2K Before Reversal An unusual confluence of bearish fundamentals caused all cryptocurrencies to fall Wednesday, but traders seem to be scooping up cheaper crypto, sparking something of a rebound.…

Biden Proposes Billions For Cybersecurity After Wave of Attacks

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President Joe Biden’s infrastructure proposal includes billions of dollars tied to improving cybersecurity, an area of intensified interest after the ransomware attack on the Colonial Pipeline Co. sent U.S. gasoline prices soaring last week. Biden Proposes Billions For Cybersecurity After Wave of Attacks But the exact amount that will be…