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Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy

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Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will drag down on the economy.” Strategist’s Recession and Rate Hike Predictions … Read more

Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive Regulations

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Members of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations. Iranian MPs Urge for Change in Crypto Policies After Research Some parliamentarians … Read more

Scotland Yard Seizes Record £114 Million in Cryptocurrency

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British police have carried out U.K.’s largest crypto seizure to date. Detectives working on a money laundering case found a staggering £114 million worth of cryptocurrency in a suspect’s account. Scotland Yard vowed to continue the investigation. UK Makes One of World’s Largest Crypto Seizures Acting on intelligence about the transfer of criminal funds, specialist … Read more