United States

US Presidential Candidate Bloomberg Suggests Cryptocurrency Regulation To Help Prevent Another Financial Crisis

As of Monday, February 17th, 2020, U.S. presidential candidate, Micheal Bloomberg, and his campaign team have published a formal financial reform plan, aimed at strengthening the U.S. economy and helping it recover from the “the damage Trump has done” following the financial crisis of 2008. Amongst dozens of other financial recommendations, the formal proposal also...
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Later Today: $40 Million Worth Of Bitcoin To Be Sold On Auction By The US Government

More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). The procedure will happen with sealed bids where the highest bidder gets the bitcoins. All of the bitcoins included in the auction have been forfeited in different federal criminal, administrative, and civil cases. $40 Million Worth of BTC To Be...
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The CIA Secretly Owned Crypto AG, Did They Secretly Create Bitcoin? (Opinion)

“It was the intelligence coup of the century.” That’s the assessment of the CIA in a classified report obtained earlier this month by an investigation of the Washington Post. The Post made stunning revelations in a report headlined, “How the CIA used Crypto AG encryption devices to spy on countries for decades.” Crypto AG was...
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Coinbase Pro Relaunches Margin Trading For US-Based Users And Institutions

When it comes to investments, especially in cryptocurrencies, the United States authorities are very strict in protecting investors from risks and losses. For this reason, crypto companies often exclude US residents from their offerings due to strict regulatory policies  Although no laws are banning Americans from using margin trading, the regulations remain unclear. Thus, to...
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U.S. Secretary Of Treasury Steven Mnuchin: New Cryptocurrency Regulations Coming Soon

Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities. FinCEN To Apply New Requirements Yesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many...
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Drop of Crypto Proactive US Presidential Candidate Raises Concern Over Crypto Future in US

The pacesetter United States 2020 Presidential election candidate, Andrew Yang whose campaign was famous for his massive support for cryptocurrencies alongside a future promise of universal basic income has dropped out of 2020 elections. Andrew Yang Drops His 2020 Elections Campaign, Promises To Bounce Back Harder As this might have meant a major disappointment to...
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Drop of Crypto Proactive US Presidential Candidate Raises Concern Over Crypto Future in US

The pacesetter United States 2020 Presidential election candidate, Andrew Yang whose campaign was famous for his massive support for cryptocurrencies alongside a future promise of universal basic income has dropped out of 2020 elections. Andrew Yang Drops His 2020 Elections Campaign, Promises To Bounce Back Harder As this might have meant a major disappointment to...
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Pro Cryptocurrency US Presidential Candidate Andrew Yang Suspends His 2020 Campaign

Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing results, he felt convinced that they wouldn’t win the race, thus deciding to end his campaign in advance. Yang Drops Out Of the 2020 Presidential Race Andrew Yang is an American author, lawyer, and entrepreneur,...
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SEC’s Hester Peirce Proposes 3-Year Safe Harbor For Cryptocurrency Token Sales

SEC Commissioner Hester Peirce has publicly announced her proposal for a safe harbor for cryptocurrency token sales within the United States. Often referred to as “Crypto Mom”, Hester Peirce was first appointed to the U.S. Securities and Exchange Commission in early 2018 and has been a strong advocate for crypto ever since. And while this...
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Iowa Caucus Snafu Shows Why Blockchain Voting Is Needed

The Iowa Caucuses this year were an absolute catastrophe. The New York Times called it “a systemwide disaster.” The Politico hailed “The Death of Iowa” (as the first-in-the-nation nominating event). CNN said, “The Iowa caucuses just died forever.” Their credibility is undoubtedly in question. But it wasn’t the people of Iowa who failed. A buggy...
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USA Is Looking Closely To Launching Its Own Cryptocurrency, According To Fed Governor Lael Brainard

The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Fed’s Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency. The U.S. Contemplating A CBDC...
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KYC/AML And Other Regulations: Are They Good or Bad For Bitcoin?

The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules. With so many different sorts...
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The State Of Illinois Legalizes Blockchain-Based Smart Contracts

The US State of Illinois made a massive step towards further blockchain adoption. According to the Blockchain Technology Act, which took effect on January 1st, blockchain-based smart contracts satisfy the law under certain circumstances. Smart Contracts Admissible In Court One of the biggest challenges in front of regulators when it comes to crafting legislation for...
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Bitcoin Safe Heaven: Correlating With Gold and Oil Following Recent Iran-US Clash

News keeps coming from the Middle East, as the US recently announced that the general of the Iranian Revolutionary Guard’s Quds Force, Qasem Soleimani, has been killed in an airstrike. In retaliation, Iran launched missiles at two US military bases in Iraq. Amid all this, the prices of oil, gold, and Bitcoin, surged. Is there...
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Bitcoin Price Surges $500 Following Iranian Quds Force’s Leader Assassination

Bitcoin’s price went on yet another quick rollercoaster throughout the past 24 hours. It dropped down to about $6,850 yesterday, only to get back up above $7,300 today. Interestingly enough, the move comes following a US airstrike, which had the leader of Iran’s Quds Force’s leader killed. Bitcoin Price Surges $500 In Hours Yesterday, the...
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Crypto Traders Be Aware: Another Cryptocurrency SIM Swap Theft In The US

Another case of SIM swapping has reportedly been recorded in the U.S., as a 23-year-old has attempted to steal cryptocurrencies. This type of fraud appears to be growing as a significant issue worldwide, especially within the community with many previous similar cases. SIM Swapping To Steal Cryptocurrencies A young man from Pennsylvania has been implicated...
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New IRS Form Confirms the Agency Remains Curious About Cryptocurrencies

American cryptocurrency holders are all too aware of what the IRS aims to achieve. In a new form sent to recipients, the agency is trying to dig deeper into people’s crypto past. It is pertinent for US cryptocurrency users to report their holdings, earnings, and losses to the IRS. The IRS is at it Once...
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US Crypto Investors May Need To Consider Amending Past Tax Returns

Tax law surrounding crypto assets is currently convoluted and confusing, even despite Congress demanding the IRS clarify the law, and the IRS taking steps to provide more clarity to crypto investors in the United States.The post appeared first on NewsBTC
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CFTC Chairman Urges America To Lead The Blockchain Race

Crypto exchange execs from South Korea were convicted by the South Korean court including the head of cryptocurrency exchange Coinup for fraud; he’s been sentenced 16 years in jail. The company’s vice president was sentenced 11 years in jail, and also eight other executives were given jail time. Let’s read further in the cryptocurrency news...
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FBI Claims Crypto Is A Huge Problem That Will Only Get Bigger

FBI Claims that crypto is a huge problem and it represents a security threat that the United States is facing. These comments were made by the Director for the Federal Bureau of Investigation Christopher Wray during his testimony before the Senate Homeland Security Committee so in today’s crypto news we take a closer look at...
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What Another Fed Rate Cut Means For Crypto?

For the third time this year, the US Federal Reserve has cut interest rates amid a global economic slowdown. Crypto markets did not react to the news but the outlook for the global economy is darkening as another recession looms. What does all of this mean for crypto though? Third Cut This Year This week...
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Americans Continue to Favor the $100 Bill as a Store of Value

For numerous years now, governments around the world have tried to reduce or eliminate the use of cash. Most of those efforts have been in vain, as consumers enjoy the feeling of having their own money at their disposal. Even in the United States, cash remains quite popular. Particularly the $100 bill is of great...
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U.S Senator denounces misinformation about cryptocurrencies

On CNBC’s Squawk Box, Republican Senator Mike Rounds spoke about the state of digital payments in the United States. He proposed that the lack of information in the cryptocurrency space is driving mistrust in the community, and that new regulations should be developed to support new innovation. He added, “I think most members of the...
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Ripple Makes Sets Up Shop in United States Capital

The San Francisco-based company behind the XRP cryptocurrency has opened offices in the United States capital. This makes Ripple Labs the first company focused on blockchain technology to have a regulatory team in Washington, DC.In addition to the announcement, Ripple will be joining the lobbying group, the Blockchain Association. The firm has also made added...
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Buy High and Sell Low? Circle Dumps Poloniex As Crypto Market Interest Wanes

Today, Circle, a US-based finance firm, has revealed that it is “spinning out” crypto trading platform Poloniex into its own independent company, in “an effort to create a competitive internationally-focused cryptocurrency exchange.”The post appeared first on NewsBTC
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Steep Fee Hike as Crypto Clamoring for a Coinbase Killer

Yesterday, San Francisco-based crypto exchange, Coinbase, announced that they would be increasing their fees for the lowest volume tier of traders on their Coinbase Pro platform, effectively helping the rich get richer, and the poor stay that way.Not only did the increase only impact the lowest wealth users on the platform upset the cryptocurrency community...
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Former Crypto Exec Arrested in Germany, Could Serve Up to 50 Years

One of the founders of the crypto asset mining marketplace NiceHash has been arrested in Germany. Along with three other individuals, Matjaž “Iserdo” Škorjanc faces charges relating to various frauds and his involvement in the dark web crime forum Darkode.He was arrested at the request of US authorities last week. If found guilty, Škorjanc could...
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Will Binance’s Limited US Launch Impact Current Resurgence of Non-BTC Crypto?

Cryptocurrency exchange giant Binance launched registrations and deposits today in the United States. The popular crypto asset trading venue will be blocked from 13 states and will feature a vastly restricted set of currencies to begin with.With such restricted offerings from one of the planet’s major cryptocurrency exchanges serving the lucrative US market, will altcoins...
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4 Countries That Really Don’t Like Facebook’s Crypto Libra

Governments around the world went on high alert after American social media giant Facebook announced a permissioned blockchain digital currency, named Libra. Unsurprisingly, the prospect of a privately-backed alternative digital currency didn’t exactly excite financial regulators in North America, Europe, and Asia. Here are the four countries that really don’t like Facebook’s Libra. France Is...
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Binance.US reveals 3-tiered account verification process to comply with United States’ regulatory climate

Malta-based cryptocurrency exchange Binance made news a few months ago after it announced that it would restrict its services for U.S. residents. Despite gaining about 15% of its monthly traffic from the United States, Binance geo-blocked U.S. customers due to the regulatory climate. However, Binance wasn’t the only exchange to back out from the U.S....
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