FTX US, the United States division of global cryptocurrency exchange, FTX.com, revealed today that its customers will soon be able to access crypto derivatives and non-fungible token (NFT) services on the platform. According to Brett Harrison, the president of FTX US, the exchange is building a self-hosted wallet that will support FTX NFTs and NFT...Read More
The US-based department of the digital asset exchange FTX has more than doubled its user count in the past three months of 2021. This comes as global crypto adoption increases, while the company has inked numerous impressive partnerships. The President of FTX US, Brett Harrison, took it to Twitter to outline the impressive 2021 growth,...Read More
Reflecting on the past year, 2021 has been great for Bitcoin and the cryptocurrency market. It even saw the birth of two BTC futures ETFs in the States, but with just a week remaining until the end of it, American investors might not see spot one. SEC in no Mood for Spot Bitcoin ETFs According...Read More
Kraken is stepping up its crypto game. After a successful year, the U.S. exchange decided to close 2021 with the acquisition of Staked, thus expanding its token staking capabilities and generally improving the quality of its services. Staked is a non-custodial crypto staking platform, which facilitates the secure storage of assets while providing attractive yield...Read More
New Jersey-based Manasquan Bank will participate in Bakkt Holdings’ early adopter program. When effective, it will enable customers of the financial institution to buy, sell, and hold cryptocurrencies. Bakkt Inks Another Partnership According to a recent press release, Bakkt’s project is anticipated to launch in Q2 2022. Initially, the platform will provide an entry point...Read More
The leading digital asset trading venue CryptoCom teamed up with Angel City Football Club (ACFC) to become the team’s official cryptocurrency and NFT partner. The deal marked the first direct sponsorship between a crypto-related company and a professional women’s sports club. CryptoCom Deepens its Positions in LA According to a press release shared with CryptoPotato,...Read More
Mike McGlone – Senior Commodity Strategist at Bloomberg – expects 2022 to be a successful year for both bitcoin and gold. He believes the primary cryptocurrency will hit $100,000, while the precious metal will trade at $2,000. What Will Fuel Bitcoin’s Rally in 2022? The current global financial system is passing through tough times, to...Read More
The White House recently released a first-of-its-kind, 38-page report detailing new efforts to fight state and financial corruption. It breaks down the effort into five strategic pillars, one of which bears mention of a new “National Cryptocurrency Enforcement Team”. Prosecuting Crypto Criminals The Biden Administration released the document through a statement from the White House’s...Read More
According to a study conducted by Grayscale Investments – the world’s largest digital asset manager – 26% of the American investors already own bitcoin. 55% of the HODLers entered the crypto market in the last 12 months. Every Fourth American Has BTC Despite bitcoin’s current price decline, the primary cryptocurrency has had a highly successful...Read More
In August, the Federal Bureau of Investigation seized more than $2 million worth of digital assets linked to ransomware attacks committed by the Russian resident – Aleksandr Sikerin. The criminal is known for his connection to the notorious cyber gang REvil that has assaulted numerous US businesses in the recent past. REvil on The Spotlight...Read More
In a CNBC interview over the week, a major hedge fund manager predicted that “massive inflation” will lead the Fed to hike interest rates six times by 2024. Crypto traders are keeping a close watch on the macro-financial environment as they wrap up another volatile month. Federated Hermes has over $600 billion in assets under...Read More
Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to...Read More
Mike Novogratz is not happy with U.S. President Joe Biden’s decision to pick Jerome Powell to chair the Fed for a second term. And he’s speaking not as a Bitcoiner but as an overall investor: He believes Powell could be detrimental to the markets’ growth. In an interview for CNBC this week, Novogratz hinted that...Read More
The United States Internal Revenue Service (IRS) released its annual report on criminal investigations, and cryptocurrencies played a starring role in the area of cybercrime. According to the IRS cybercrime unit’s report, more than $3.5 billion in cryptocurrencies were seized during 2021. This would make up to 93% of all seizures made in 2021. The...Read More
The New Jersey-based crypto lending platform BlockFi has caught the attention of the U.S. Securities and Exchange Commission SEC because of its supposed high yield interest rates on crypto lending. According to a Bloomberg coverage on Wednesday (November 17, 2021), an anonymous source revealed that the SEC was scrutinizing BlockFi. The company’s lending products are...Read More
Joe Biden’s controversial Infrastructure Bill is almost ready for implementation. But there are still politicians and consultants battling to clarify its contents. Sen. Cynthia Lummis (R-WY) and Sen. Ron Wyden (D-OR) today announced a legal proposal that would protect the country’s cryptocurrency industry by improving certain key concepts in the Infrastructure Bill, notably the definition...Read More
The United States Securities and Exchange Commission has rejected VanEck’s proposal for a spot Bitcoin ETF. This comes after several delays by the agency. The global investment manager VanEck has been among the most active companies when it comes down to filing with the SEC to launch a Bitcoin ETF. In the past several years,...Read More
Francis Suarez, the cryptocurrency-loving mayor of Miami, announced that he was working on a program to give free Bitcoin to the residents of his city thanks to the good results achieved by his city’s crypto project Miami Coin. In an interview for CoinDest TV, Suarez explained that he was looking for a way to distribute...Read More
Former police officer Eric Adams was elected the 110th mayor of New York City over Republican anti-crime activist Curtis Sliwa. Adams had promised to restore the pandemic-ravaged city to its former glory within a year. But this victory can also pave the way for New York to become a Bitcoin hub as visioned by the...Read More
New York Attorney General Letitia James announced on October 18 that she had ordered the shutdown of an unidentified group of cryptocurrency lending platforms operating in the state. As per an official press release, the companies would be acting in contravention of the stipulations of General Business Law § 352 et seq —better known as...Read More
It appears that years after the first Bitcoin ETF proposal was filed, the United States Securities and Exchange Commission (SEC) has decided to greenlight a futures-backed exchange-traded fund for the first time. ProShares, the company which filed for its Bitcoin Strategy ETF, might be the very first one to see it launch next week. It...Read More
The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to...Read More
Biden wants to regulate everything, and it seems that cryptocurrencies are directly in his crosshairs. Apparently, the president of the United States is seriously considering issuing an executive order on cryptocurrencies in order to get better clarity of the landscape and exercise a better control over the industry and the activities related to cryptocurrencies. The...Read More
It’s been a green week all across crypto land as positive sentiment and big gains returned to the market. Leading the scene is Bitcoin, with an impressive surge of around 25%, once again tapping the mid-May highs. Just earlier today, Bitcoin reached a price of $56,000 – something that we haven’t seen since the middle...Read More
Andrew Yang – former member of the Democratic party and primary race – just revealed his new political organization called “The Forward Party.” Shortly afterward, he also confirmed support for the broader cryptocurrency industry. Andrew Yang Loves Cryptocurrency Yang unveiled his new party in a tweet from yesterday, where he clarifies what the party is...Read More
US Bank – the fifth-largest retail bank in the United States – is launching a crypto custody service available to fund managers as more institutions race to meet clients’ demands for cryptocurrencies. Potential Room For Several of Coins The news, first reported by CNBC, revealed that US Bank partnered with New York Digital Investment Group...Read More
It’s been a very productive week in the cryptocurrency market, but it’s safe to say that most of it was due to the volatile price action during just one of the days – Friday, October 1st. Going back, last Friday, the BTC price was hovering around $43,500, and, in fact, it stayed there for quite...Read More
Speaking at CNBC’s Delivering Alpha conference on Sept. 29, a16z partner Katie Haun said the U.S. should look towards China for what not to do. She was referring to Beijing’s incessant crackdowns on the crypto industry and any activities related to the trade of digital currencies. In her view, financial regulators in the U.S. should...Read More
The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on...Read More
Following today’s events, Senator Pat Toomey says that the ongoing cryptocurrency crackdown in China is a considerable opportunity for the United States. Earlier today, reports revealed further regulatory pressure on cryptocurrencies in China. This time, the country seems to target mining and trading. Although not many of it was new, the announcement triggered a market-wide...Read More
