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News & Articles By Sterling Ashworth
07/09/2026
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By Sterling Ashworth
Washington’s Trade Deficit Hit $77.6B in May Amid Increase of AI Component Imports
The U.S. Department of Commerce (DOC) reported on Tuesday, July 7, that the country’s trade deficit widened sharply in May 2026 – amid a surge of imports of semiconductors, computer accessories and other artificial intelligence (AI) components. Exports fell 3.2% while imports rose 3.3%, according to the report. The swing reflects strong U.S. demand for advanced electronics, particularly […]
07/01/2026
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By Sterling Ashworth
JPMorgan Endorses Digital Asset Clarity Act With Caution as Senate Targets August Recess
JPMorgan threw its support behind the Digital Asset Market Clarity Act on June 29, 2026, according to a joint op-ed by Umar Farooq, global co-head of JPMorgan Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions. The bank urged Congress to pair regulatory clarity with durable safeguards, warning that gaps could create shadow-banking […]
06/24/2026
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By Sterling Ashworth
Bitcoin Network Activity Hits 2024 High, Driven by Low-Value Protocol Transactions: CryptoQuant
Daily Bitcoin transactions have surpassed 800,000, reaching the highest level since 2024, according to a research note published by CryptoQuant last week. The network activity index has climbed to within 7% of its all-time high and has sustained an above-trend reading for several weeks. CryptoQuant attributed the surge to protocol-driven activity rather than economic demand, […]
06/19/2026
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By Sterling Ashworth
FBI Warns: Crypto Scammers Use Couriers to Collect Cash, Evade Bank Detection
The Federal Bureau of Investigation (FBI) issued a public service announcement on Monday, June 15, warning that scammers are deploying couriers to collect cash from victims in person, a tactic designed to circumvent bank detection systems that normally flag wire transfers. The fraudsters initially approach targets – frequently older adults – through social media, text messages or […]
06/13/2026
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By Sterling Ashworth
Stock Market Volatility Rocks Bitcoin, Threatening $60K Support
A sharp decline in Big Tech stocks and volatility in oil markets triggered broad sell-offs across financial markets on Monday, June 8 – pushing Bitcoin toward the critical $60,000 support level, according to market data. The Nasdaq composite fell 3.2%, with major technology firms such as Apple, Microsoft and Nvidia losing between 4% and 6% […]
06/08/2026
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By Sterling Ashworth
Bitcoin Price Dips Below “Fire Sale” Territory, Echoing FTX Collapse
Bitcoin price fell below $62,000 on Thursday, June 4, entering the lowest valuation band on the Bitcoin Rainbow Chart for only the second time since the collapse of the FTX exchange in November 2022, according to a report from Bitcoin Magazine. The Crypto Fear and Greed Index registered 12 out of 100, a reading deep […]
06/07/2026
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By Sterling Ashworth
U.S. Treasury Sanctions Iran’s Nobitex Crypto Exchange Amid Regional Conflict
The U.S. Treasury Department imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of facilitating transactions for Iran’s military, according to a Treasury statement [1]. The action, conducted by the Office of Foreign Assets Control (OFAC), blocks all assets held by the exchange under U.S. jurisdiction and prohibits U.S. persons from engaging in transactions […]
05/31/2026
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By Sterling Ashworth
Bitcoin Hash Rate Flattens as Miners Face AI Squeeze, Fidelity Report Says
Bitcoin’s network hash rate has stalled and mining difficulty has dropped sharply in 2026, signaling that miners are redirecting power and capital toward artificial intelligence (AI) data center workloads, according to multiple industry reports. A mid-year update from Fidelity Digital Assets, as summarized by third-party outlets, describes the year as one of “structural retooling,” where […]
05/25/2026
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By Sterling Ashworth
U.S. Lawmaker Introduces Bill to Codify Strategic Bitcoin Reserve
Rep. Nick Begich, Republican of Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, according to a press release from his office. The bill, titled the American Reserve Modernization Act of 2026 (ARMA), is designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation […]
04/27/2026
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By Sterling Ashworth
DOJ Announces Recovery of $700 Million from Chinese-Linked Crypto Scam Compound, Funds to Be Returned to U.S. Victims
DOJ Announces Asset Seizure and Victim Compensation Plan U.S. Attorney Jeanine Pirro announced in Washington, D.C. on Thursday, April 23, that the Department of Justice (DOJ) has recovered $700 million from Chinese cryptocurrency scammers, with plans to return the funds to American victims. The announcement detailed that the funds, which had been restrained to prevent further […]
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