The condition of the global economy seems to be in a state of knockdown. The years of financial boom after the crisis in 2008 ended with the outbreak of the COVID-19 pandemic at the beginning of 2020. Social distancing measures and “stay-at-home” rules crippled production to a serious extent, while numerous central banks took the...Read More
The co-founder and former CEO of the crypto derivatives platform BitMEX was sentenced to two years of probation, with the first six months to be spent in home confinement. In late 2020, the Commodity Futures Trading Commission (CFTC) accused the company’s co-founders – Arthur Hayes, Benjamin Delo, and Samuel Reed – of operating a digital...Read More
The US arm of the cryptocurrency exchange, FTX, is going old school with the launch of its new stock-trading service for a limited number of users in the country. The new offering is being released through FTX Capital Markets, which happens to be a FINRA member broker-dealer. Push for Stock Trading According to the official...Read More
California’s state regulator – Fair Political Practices Commission (FPPC) – will consider allowing the use of cryptocurrencies for political campaign donations four years after banning them. Potential Law Amendments During its most recent Commission Meeting, the FPPC disclosed it had arranged a “pre-notice discussion” where it will contemplate whether to enable digital asset political donations...Read More
The United States Secret Service (USSS) has seized over $102 million in cryptocurrencies during investigations into criminal and fraud cases since 2015, said David Smith, Assistant Director of Investigations. Smith leads the USSS’ global investigative wing with 161 offices and over 3,000 employees. To track illicit currency transactions and crackdown on them, US Secret Service...Read More
2021 was a wild year for the crypto market, with major assets like Bitcoin and Ethereum hitting new all-time highs and attracting an unprecedented amount of institutional investment. Throughout the entire year, investors worldwide took a total profit of $162.7 billion in cryptocurrencies, a fivefold increase from just $32.5 billion in 2020. America-based investors led...Read More
Proof-of-work (PoW) protocols have been under fire for years due to their massive energy consumption – particularly hurting the battle against climate change. The latest censure against the mining industry derived from the US Congressman Jared Huffman. He penned a letter to the Environmental Protection Agency (EPA) on Wednesday, requesting it to investigate and address...Read More
The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially evade economic sanctions by mining cryptocurrencies. On April 20, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned BitRiver, a cryptocurrency mining company...Read More
The founder of the whistleblowing platform WikiLeaks – Julian Assange – could soon be extradited to the United States since the British and the American governments are diligently working on this. Still, the Australian activist will be able to appeal the decision. How Close Is Assange to a US Prison? The creator of the media...Read More
Leading American agencies, including the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the Treasury Department, alerted that North Korean-sponsored hackers seek to exploit crypto firms and exchanges in the USA. The wrongdoers’ main goal is to “generate and launder funds” to support the totalitarian regime in the East Asian country. Beware of North...Read More
According to a study conducted by the digital asset exchange aggregator – Coincub – Germany is the most crypto-friendly country for Q1,2022. The previous leader – Singapore – holds the second position, while the USA took third place. Germany Emerges as a Crypto Hub Coincub noted that the ranking of the top digital asset-welcoming nations...Read More
Coin Center has vehemently pushed back the controversial SEC proposal that sought to redefine the definition of “exchange” within the Securities Exchange Act in a bid to “include systems that offer the use of non-firm trading interest and communications protocols to bring together buyers and sellers of securities.” The group deemed the regulator’s move as...Read More
On April 12, 2022; Virgil Griffith, a former developer at the Ethereum Foundation, was sentenced to more than 5 years in prison on the charge of conspiracy, after traveling to Pyongyang in 2019, in violation of the international sanctions framed under The International Emergency Economic Powers Act imposed by the government of the United States...Read More
According to a recent research conducted by Nasdaq, 72% out of 500 financial advisors will be more likely to invest client funds in digital assets if the US watchdog greenlights a spot ETF. Among those already part of the market, 86% said they will increase their exposure over the next 12 months. Spot Bitcoin ETF...Read More
US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’s adoption of Bitcoin is not a thoughtful embrace of innovation, but a careless gamble that is destabilizing the country.” The bill instructs the State Department and...Read More
The United States could lose its preeminent financial and political influence in the world as other sovereign powers make haste to legalize and adopt Bitcoin as their reserve currency. The threat to America is not merely a matter of leaving an (increasingly plausibly) enormous amount of money on the table. Bitcoin is the largest ever...Read More
Binance US, the cryptocurrency exchange affiliated with the world’s largest cryptocurrency exchange, is now worth more than $4.5 billion after it raised over $200 million from a mix of VCs and crypto-native firms, including Circle Ventures, VanEck, and Foundation Capital. The newly raised capital will be reportedly used by the exchange to improve its spot...Read More
American law enforcement agents seized approximately $34 million worth of digital assets tied to illicit Dark Web activity. The operation marked one of the largest confiscations of cryptocurrencies ever executed by the US authorities. ‘Operation TORnado’ was a Success According to a recent announcement by the Department of Justice, the hacker is a South Florida...Read More
The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company...Read More
According to a recent poll conducted by StarkWare, 53% of the participants see cryptocurrencies as the “future of finance.” Unsurprisingly, young people (between 25 and 34 years old) are more bullish on the matter, as 68% believe in this concept. Crypto’s Integration Among Americans: The Latest Figures The blockchain-based entity – StarkWare – questioned 2,000...Read More
The newly appointed global head of digital assets for Goldman Sachs’ private wealth management division, Mary Catherine Rich, announced that the bank will soon offer investments in Bitcoin (BTC) and other cryptocurrencies to clients within its private wealth management group. In an exclusive interview for CNBC, Mary Rich said that Goldman Sachs was working hard...Read More
Jay Inslee – Governor of Washington – signed into law the Engrossed Substitute Senate Bill 5544, which establishes a blockchain workgroup in the northwest state. The development aims to accelerate the adoption of the technology across a wide range of sectors such as banking and financial services, health care, real estate transactions, higher education, supply...Read More
Florida may well be the next US state to accept cryptocurrencies for tax payments. “We will accept bitcoin, we’re working on doing that for payments in the state of Florida,” Governor Ron DeSantis noted on Tuesday. Gearing up for BTC Tax Payments Gov. DeSantis said he had asked the state agencies to find ways to enable...Read More
Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc. The Merger According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237...Read More
Pennsylvania-based cryptocurrency mining company – Stronghold Digital Mining – reportedly employs coal waste to power its hundreds of supercomputers. Thus, the company aims to use a byproduct instead of harming the US national energy network. SDM Uses Coal Waste Bitcoin mining is an energy-intensive process, and many critics claim it damages the environment and harms...Read More
US Attorney Dena J. King announced that law enforcement seized $547,000 worth of bitcoin from a criminal who conned an elderly person last year. The officials will return all funds to the victim. Cracking Down a Crypto Scam In its latest efforts to fight fraudulent activities involving cryptocurrencies, American officials confiscated more than $500,000 in...Read More
A Bitcoin exchange-traded fund is something that the cryptocurrency community is looking forward to for quite some time. Unfortunately, the US Securities and Exchange Commission is not on the same page yet. The United States Securities and Exchange Commission rejected two proposals to list and trade shares of spot Bitcoin exchange-traded funds, according to Reuters. The...Read More
The long-awaited executive order on cryptocurrencies from the White House is finally out. It details how the industry can reinforce the US, as well as its citizens, the need for risk mitigation, as well as outlining a few critical points for regulators to work on. President Biden’s Executive Order on Cryptocurrencies This has long been...Read More
Dallas-based cryptocurrency mining organization – Blockmetrix – disclosed it had raised $43 million in a Series B investment round. Thus, the company’s total venture funding reached $50 million. Blockmetrix Stepping up According to the announcement, the fresh financing included investors from the United States, Australia, and several nations in Asia. Blockmetrix vowed to employ the...Read More
After a brief delay caused by the war between Russia and Ukraine, US President Joe Biden is expected to sign the executive order about cryptocurrency regulations this week. In it, sources said Biden would cooperate with other allies to ensure they were all on the same page. The Delay of the Executive Order CryptoPotato reported...Read More
