United States

Louisiana Bill Seeks to Lay Rules for Cryptocurrency Political Donations

Louisiana state legislature is considering a bill to facilitate crypto contributions to political campaigns. Sponsored by Republican Party Representative Mark Wright, the bill seeks to lay down a legal framework for making cryptocurrency donations to political parties and political leaders.  Crypto Contribution for Political Campaigns House Bill No. 170 intends to “allow a candidate to receive...
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33% of Surveyed American Women Intend to Buy Crypto in 2022: Study

The cryptocurrency lending platform – BlockFi – surveyed over 1,000 American women to determine their awareness and sentiments towards the digital asset sector. Per the results, every third female plans to invest in crypto by the end of the year, while 60% said they will purchase in the next three months. Women Making Their Way...
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Justin Bieber’s Manager Sold His Mansion for $18.5 Million in Bitcoin: Report

Scooter Braun – an American media mogul and the manager of Justin Bieber, Ariana Grande, and Demi Lovato – reportedly sold his luxurious property in Texas for $18.5 million worth of bitcoin. The deal marked the biggest cryptocurrency real estate transaction in the state’s history. A House in Exchange for Bitcoin Similar to other market...
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USA’s DFS to Use Blockchain to Strengthen Sanctions Enforcement Against Russia

The Department of Financial Services (DFS) will use blockchain analytics technology to build strengthen the enforcement of the sanctions against Russia. Specifically, the effort will be to detect if Russian individuals try to bypass the imposed penalties. Blockchain Technology to Help Monitor Sanction Enforcement The Department of Financial Services oversees numerous key programs and initiatives...
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BitConnect Founder Indicted For Orchestrating a Global Ponzi Scheme

Unlike the BCC token that died several years ago, the case of Bitconnect – the cryptocurrency project that gave rise to the aforementioned cryptocurrency – is still far from over. This Friday, the U.S. Department of Justice announced that one of BitConnect’s founders was formally indicted on fraud charges associated with the most famous Ponzi...
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Senator Ted Cruz Explains Why He Is Bullish on Bitcoin Amid Canadian Controversy

The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze...
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Chinese Exchange Huobi Plans Re-Entry To United States Focused On Asset Management

Huobi – a former Chinese crypto exchange – wants to re-establish itself in the United States as an asset manager after ceasing operations in the region in 2019. The company expects asset management to be “a bigger business” than the exchange approach. Return of Huobi Company co-founder Du Jun revealed Huobi’s new plans in an...
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Bukele Lashes Out After US Senators Introduce Legislation Investigating El Salvador’s Bitcoin Law

“We are not your colony, your back yard, or your front yard. Stay out of our internal affairs.” This is what El Salvador’s President Nayib Bukele tweeted after US Senators introduced new legislation that sought to investigate the Central American country’s Bitcoin Law. El Salvador President Reaction on US Interference Since El Salvador’s government passed...
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These Eight US Lawmakers Traded Crypto Over The Past Year (CNBC Report)

According to a recent CNBC analysis, eight of the highest-ranked politicians in the USA have traded cryptocurrencies over the past 12 months. Seven of them are Republicans, including Senator Pat Toomey and Senator Cynthia Lummis, while one is a member of the Democratic Party. Who Jumped on The Bandwagon? Overall, 2021 has been a highly...
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Valliance Bank Partners With Bakkt to Enable Cryptocurrency Exposure

Digital asset platform Bakkt Holdings has teamed up with Valliant Bank, an institution that provides financial services, to bring a seamless crypto experience to the bank’s customers. According to a press release on Monday (February 14, 2022), Valliant Bank would enable customers to easily buy, sell, and hold bitcoin (BTC), ether (ETH), and other altcoins...
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Drake Makes a Bitcoin Bet Worth Nearly $1.3 Million on Upcoming Super Bowl Match

Popular Canadian rapper Aubrey Drake Graham, also known mononymously as Drake, made a massive bitcoin bet on Sunday’s Super Bowl Game between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. Drake took a snapshot of his bet and posted it on Instagram for his over 100 million followers, with the caption “All bets...
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CryptoCom Becomes The Official Partner Of The Formula 1 Miami Grand Prix

Crypto.com has made a new move in its aggressive sports marketing campaign, partnering once again with Formula 1 to become the official title partner of the new Formula 1 Crypto.com Miami Grand Prix. The announcement comes just days before the airing of the Super Bowl LVI, the most watched sporting event in the United States,...
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Voyager Digital to Allow Investors to Purchase Stocks With USDC

Founded in 1993, Voyager Digital offers numerous brokerage platforms for different assets, including cryptocurrencies. The company now wants to combine the world of crypto and equities by allowing investors to purchase the latter via Circle’s stablecoin – USDC. The report from Bloomberg informed that the feature will most likely see the light of day by...
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Georgia Becomes an Attractive Area for American Bitcoin Miners (Report)

The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital...
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FTX To Giveaway Free Bitcoin During The Super Bowl LVI

Sam Bankman-Fried’s cryptocurrency exchange, FTX, announced that it will give away free Bitcoin to its fans as part of an advertising campaign during Super Bowl LVI on February 13. The campaign is part of an effort by FTX to gain a more significant brand presence in the more mainstream audience of sports fans – especially...
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After a Court Battle, the IRS Might Not Impose Income Taxes on Unsold, Staked Crypto

The United States Internal Revenue Service (IRS) could stop taxing digital assets obtained through staking. The agency added that it will refund the tax paid by a Nashville couple on tokens they had earned via staking on the Tezos network. IRS to Refund Tax Paid on Staked Tokens According to a Forbes report on Thursday,...
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Grayscale and Bloomberg Launch First Equity ETF

The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the performance of the Bloomberg Grayscale Future of Finance Index. The statement dated February 2nd informed that the new product’s ticker will be GFOF....
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US Congressman Would Take a Portion of His Salary in Bitcoin

Minnesota Representative, a longstanding crypto supporter, might become the first U.S. Congressman to take his salary in Bitcoin. Rep Emmer to Be Paid in BTC? In a recent podcast interview with popular BTC bull Anthony Pompliano, Rep. Tom Emmer (R-MN) noted that he would take a portion of his salary in Bitcoin. The host asked...
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Joe Biden To Push For Crypto Regulations as a Matter of National Security

Joe Biden’s administration wants to clarify once and for all the regulatory landscape surrounding the crypto sphere —taking the opportunity to exert greater control over the industry. Apparently, within the next few weeks, it is expected that the White House will issue an executive order declaring the regulation of cryptocurrencies as a matter of national...
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FTX US Valuation Taps $8 Billion After Raising $400 Million From SoftBank and Temasek

The US branch of the digital asset exchange raised $400 million in a funding round that saw participation from prominent names such as Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings. Consequently, the company’s total valuation grew to $8 billion. Reuters’ report informed that aside from the aforementioned names, the cryptocurrency investment companies Paradigm and...
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The US Will Release a CBDC by 2030, Said Bank of America (Report)

Although US authorities continue to dabble with the idea of issuing their own central bank digital currency, the Bank of America believes such a product is “inevitable.” Additionally, researchers from the large banking organization see stablecoins continue to flourish and take a massive role in the monetary system. Inevitable US CBDC? CBDCs are a growing...
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North America’s Largest Bitcoin Miner Goes Public With a SPAC Merger (Report)

Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member According to a recent report by Bloomberg, the blockchain infrastructure provider – Core Scientific Inc. – will proceed through an estimated $4.3 billion...
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SkyBridge Joins the SEC’s List of Rejected Spot Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has, once again, rejected a spot bitcoin ETF application. It was filed earlier by the investment management company First Trust Advisors and the hedge fund SkyBridge led by Anthony Scaramucci. In a statement published on Thursday (January 20, 2022), the SEC said the reason for the rejection was...
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SEC Commissioner Says Crypto Doesn’t Require Special Regulatory Framework

While there have been calls by the cryptocurrency community for the SEC to provide clearer regulation for the industry, one of the agency’s commissioners thinks otherwise. SEC Does Not Need to Re-Invent the Wheel Allison Lee, a Commissioner for the U.S. Securities and Exchange Commission (SEC), while appearing at a D.C. bar event on crypto...
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NFTs and Blockchain-Based Games on the Rise Despite the Recent Crypto Decline (Report)

The non-fungible token universe and blockchain-based games seem to have their own macro events that affect their growth. A set of reports by the analysis company DappRadar revealed that the number of NFT trades continues to increase gradually despite the adverse price movements in the digital asset industry. Additionally, the interest in blockchain-based games is...
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Regulations Can Help Stabilize Stablecoins, Preventing a Possible Run, OCC Says

The Acting Comptroller of the Currency of the United States, Michael J. Hsu, gave a speech on January 13, 2022, highlighting the advantages of regulating the cryptocurrency space-specifically stablecoins-as a way to provide peace of mind and security to those using this type of technology. Speaking at the BritishAmerican Business Transatlantic Finance Forum, Hsu argued...
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Northwest Arkansas Offers $10,000 in Bitcoin to People Who Settle in The Region

The Northwest Arkansas Council has stepped into the world of crypto by giving away $10K worth of bitcoin to professional workers. The only condition: they have to settle in the region. Move-in and Get Bitcoin Northwest Arkansas is widely regarded as one of the top places to live in the United States due to its...
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TransUnion Partners With Spring Labs to Bring Credit Rating to Crypto Lending

Creditworthiness checks may soon be a thing in the crypto lending arena following plans by TransUnion and Spring Labs to introduce credit scores as part of the latter’s Digital Passport for obtaining digital asset loans. Credit Score System Introduced In Crypto Lending Market The Wall Street Journal reported that TransUnion, a major consumer credit reporting...
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Nasdaq-Listed Real Estate Company to Embrace Bitcoin, Ethereum, Dogecoin, and Shiba Inu Payments

Washington-based real estate firm – Harbor Custom Development, Inc. – will reportedly start accepting digital currencies as payment for its residential homes, apartments, condominiums, and other properties as of January 24th. Crypto Making its Way in the Retail Estate Industry According to a recent coverage, Harbor Custom Development, Inc. (Nasdaq ticker: HCDI) will embrace numerous...
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CFTC Ordered Polymarket to Pay $1.4 Мillion in Penalties

The Commodity Futures Trading Commission (CFTC) ordered Polymarket – a decentralized platform that allows users to bet on the outcome of current events – to pay a $1.4 million civil monetary penalty. The agency claimed that the company did not seek a Designated Contract Market (DCM) or Swap Execution Facility (SEF) registration. CFTC on the...
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