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21 May, 2021 08:10

Colonial Pipeline confusion continues & IRS sets sights on bitcoin

Markets are rallying on the news that US jobless claims have hit their lowest number since the beginning of the pandemic. Octavio Marenzi of Opimus LLC joins the program to break down the developing market trends and what we could see in terms of inflation as more people make their way back to the workforce. Just weeks after hackers shut down the key Colonial Pipeline, another twist has arisen in the ongoing saga. Boom Bust’s Ben Swann breaks down the latest on the ransomware attack and who was behind the pipeline shutdown. The US Treasury Department is ramping up its rhetoric on bitcoin in the wake of its volatile two-week run. To bring us up to speed on the sector slump and its ongoing scandals, we bring back Ben Swann, as well as Boom Bust co-host Christy Ai.

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