Category: general

Adriana D. Kugler Resigns Amid Ethics Scrutiny

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The post Adriana D. Kugler Resigns Amid Ethics Scrutiny appeared on BitcoinEthereumNews.com. Key Points: Adriana D. Kugler resigns from the Federal Reserve amid financial disclosure scrutiny. Resignation raises ethics and regulatory questions. No direct impact on cryptocurrency markets reported. Adriana D. Kugler resigned from her position as Federal Reserve Governor on August 8, 2025, amid an ethics investigation related to unfiled financial disclosures and her husband’s stock trades. The resignation raises concerns about confidential trading activities during blackout periods, posing regulatory challenges and potential market implications for future Federal Reserve actions. Kugler’s Resignation: Unresolved Disclosure Scandal Exposed Adriana D. Kugler resigned due to unresolved financial disclosure issues involving stock transactions by her husband during blackout periods. Federal Reserve officials confirmed her resignation but remained silent about the investigation details. The resignation emphasizes the importance of ethical transparency within federal financial institutions. The unfiled 2025 financial disclosures, specifically involving Apple’s and Cava’s securities, remain under scrutiny. While the Federal Reserve praised Kugler’s service, the resignation prompted discussions about ethical policies. Jerome Powell, the Fed Chair, did not comment on the investigation directly in official statements. In a statement, Kugler said, “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System. I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.” Historical Parallels and Cryptocurrency Market Stability Did you know? The resignation reflects similar events in 2021 when two Federal Reserve Bank presidents stepped down following trading scrutiny, prompting the Fed to tighten its trading policy. According to CoinMarketCap, Ethereum (ETH) is priced at $3,177.49, with a market cap of formatNumber($383,510,686,695, 2). The 24-hour trading volume decreased by 55.63%, with a circulating supply of 120,696,252. ETH’s price fell 0.39% in 24 hours and 30.23% over 90…

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The U.S. Axed the Penny to Save $56 Million—Bitcoin Does That Every Block

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The post The U. S. Axed the Penny to Save $56 Million-Bitcocom. Bitcoin proponents note that as the U. S. Mint struck the final penny in Philadelphia on Wednesday, ending 232 years of one-cent coin production. Each penny costs about 3. 7 cents to make, so ending its production will save roughly $56 million a year. The move highlights how a cent can no longer buy anything meaningful, a sign of eroding fiat purchasing power. For market watchers, the change is largely symbolic, but it has reinforced the narrative that Bitcoin, with its fixed supply, stands in stark contrast to depreciating government money. Historic milestone: A 232-Year Era Ends On Nov. 12, U. S. Treasurer Brandon Beach and Treasury Secretary Scott Bessent oversaw the last-ever minting of the one-cent coin at the Philadelphia Mint. The Philadelphia facility has made pennies since 1793[4], a year after Congress passed the Coinage Act. As Beach noted, this is the first time since 1857 that a U. S. coin has been discontinued. The cent’s retirement comes amid a wider shift toward digital payments; pennies will remain legal tender, but they are expected to fade out as more consumers pay with cards and smartphones. Policymakers point to steep costs. The Mint now reports that a penny costs roughly 3. 7 cents to produce. It lost about $85. 3 million making them in fiscal 2024. “For far too long the United States has minted pennies which literally cost us more than 2 cents,” President Trump wrote in February, calling it “so wasteful.” Stopping the presses is expected to save about $56 million per year. By comparison, the dime costs under 6 cents to make and the quarter is about 14 cents. What Ended The Penny Ending the penny was hailed by many budget hawks as a sensible cut. Even if retailers say the change was abrupt. The penny’s demise was set in motion by.

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[Catholic Caucus Devotional] My Catholic Life! Catholic Daily Reflections: Praying for the Will of God – Saturday, November 15, 2025

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Daily Readings from the USCCBThe Lord said, “Pay attention to what the dishonest judge says. Will not God then secure the rights of his chosen ones who call out to him day and night? Will he be slow to answer them? I tell you, he will see to it that justice is done for them speedily.” Luke 18: 6-8It’s interesting that Jesus uses the example of a dishonest judge to illustrate the importance of praying to God, calling out to Him day and night for justice. As the parable goes, this judge cared little about a widow in his town who.

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