In a move aimed at preserving the autonomy of cryptocurrency users and safeguarding their ability to self-custody digital assets, U.S. Senator Ted Budd (R-NC) has introduced the Keep Your Coins Act. This legislative proposal, which came after last year’s FTX exchange collapse, seeks to protect individuals’ rights to conduct cryptocurrency transactions without relying on third-party...Read More
The founders behind the once multi-billion dollar cryptocurrency, SafeMoon (SFM), have been charged with multiple counts of fraud and conspiracy by U.S. government, with accompanying charges from the Securities and Exchange Commission (SEC). On Wednesday, founders Braden John Karony (aka “CPT_HODL_T_MUN”) and Thomas Smith (aka “papa”) were arrested in Provo, Utah and Bethlehem, New Hampshire,...Read More
Major crypto exchange Bittrex has on Oct. 30 been given the go-ahead by the US bankruptcy court to shutter operations in the United States and also liquidate its assets to repay creditors. While the company is closing down its US business, the international arm based in Lichtenstein continues to serve customers in other jurisdictions. Bittrex...Read More
The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up...Read More
In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share...Read More
U.S. Deputy Treasury Secretary Wally Adeyemo confirmed in a speech on Friday that crypto plays a relevant, but still relatively minor role in global terrorist financing operations. His comments bear a stark contrast to claims from a massive lineup of congresspeople earlier this month, asserting that crypto is responsible for over $130 million in Hamas...Read More
A medical doctor pleaded guilty to using the dark web in a murder-for-hire plot against his girlfriend. The individual paid a total of over $25,000 worth of bitcoin to carry out the murderous plot, which was averted by authorities. $25,200 in Bitcoin for a Murder Plot According to a press release by the US Department...Read More
The U.S. Department of the Treasury has long taken a negative view of crypto mixing services, which it names CVCs (Convertible Virtual Currency Mixing Services). Although there are perfectly legitimate uses of such services – primarily by privacy-focused customers who are simply willing to pay a fee in order to reduce the possibility of being...Read More
The United States Commodity Futures Trading Commission (CFTC) filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, alleging that the ex-chief committed fraud and failed to register the bankrupt crypto lender with the agency. In a related development, another US regulatory body, the Federal Trade Commission (FTC), announced that it reached a settlement...Read More
On Oct. 10, the billionaire investor told CNBC that it was an extremely tough time to be an investor in risk assets amid escalating geopolitical tensions and America’s dire financial situation. The founder and chief investment officer of Tudor Investment said, “It’s a really challenging time to want to be an equity investor and in...Read More
TL;DR Jeremy Hogan estimates a 40% chance of a trial in 2024, a 32% chance of a settlement, and a 19% chance of an agreement by end of 2023. Some believe the SEC might extend the legal process to maintain uncertainty in the crypto sector. Yassin Mobarak suggests the SEC might drop charges against Ripple...Read More
With the odds of a US government shutdown increasing by the day, the Securities and Exchange Commission (SEC) is reportedly looking to expedite Ethereum Futures exchange-traded funds (ETFs) approvals, according to senior Bloomberg analyst Eric Balchunas. Meanwhile, the SEC remains hesitant to approve spot Bitcoin ETF applications, with the agency recently delaying its decision on...Read More
Ripple is hosting a party to further unite the XRP community and, more importantly, celebrate the landmark partial victory against the US Securities and Exchange Commission (SEC) secured in mid-July. Apart from drinking and having fun, though, some people believe the gathering could witness some serious developments surrounding the blockchain enterprise and its future advancement....Read More
The residents of Texas can now settle their solar panel bills in various cryptocurrencies, including the popular memecoin Shiba Inu (SHIB). Numerous analysts have previously argued that mass adoption is among the essential factors in increasing the price of the coin. Paying Bills in SHIB The offering became available after the blockchain payment system FCF...Read More
US-based cryptocurrency exchange giant Coinbase continues to push forward with its efforts to seek regulatory clarity for the crypto industry, claiming that the current enforcement approach by regulators stifles innovation and puts global leadership at risk. The company has launched a new campaign to mobilize over 50 million crypto holders in the United States to...Read More
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) remains a trend in the crypto space. Both entities have fired multiple shots at each other in the past three years, with the crypto company currently having the upper hand. In this article, we will observe the most recent developments around...Read More
On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding government surveillance state.” The House Majority Whip has been battling against Federal Reserve moves to develop a CBDC. The first anti-CBDC bill in the United...Read More
The lawsuit between Ripple and America’s securities regulator – the US SEC – is undoubtedly one of the trendiest topics in the cryptocurrency space. The legal battle started in 2020 when the watchdog accused the former and its management team of breaching laws and using the alleged unregistered security XRP to raise funds. Since then,...Read More
The leading cryptocurrency exchange – Coinbase – has reportedly started offering crypto loans to US institutional investors. The move could signal the company’s willingness to strengthen its position in America despite the regulatory uncertainty and the issues with local watchdogs. Recall that the US SEC filed a lawsuit against Coinbase in June, accusing the trading...Read More
Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – thinks the regulator will sooner or later approve the launch of a spot Bitcoin exchange-traded fund (ETF). The agency recently decided to delay the applications of BlackRock and numerous other finance giants who displayed ambitions to introduce such a product. Clayton...Read More
According to Bloomberg Intelligence, the highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could occur right before Labor Day (September 4). The entity said that the US Securities and Exchange Commission (SEC) is expected to respond to several applications from BlackRock, Bitwise, WisdomTree, VanEck, and Invesco in the following days....Read More
US Representative Warren Davidson continues to push for Gary Gensler’s removal as the chairman of the Securities and Exchange Commission (SEC) following Grayscale’s recent win in court against the agency. Industry stakeholders and the broader crypto community believe Gensler and the SEC’s regulation by enforcement approach towards the crypto industry caused more harm than good...Read More
Miami’s mayor – Francis Suarez – announced his withdrawal from the US Presidential race without providing an exact reason for his decision. He is known as an outspoken proponent of bitcoin who has invested some of his wealth in the primary digital asset. Suarez also became the first American politician to receive his salary in...Read More
Two Bloomberg exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, predicted that there is a 75% chance the United States will have a spot Bitcoin ETF by the end of 2023, following Grayscale’s win against the US Securities and Exchange Commission (SEC). While the SEC has approved future-based Bitcoin ETFs, the Commission is yet...Read More
The prominent American actor Dwayne Johnson (better known as The Rock) and the talk show host Oprah Winfrey launched an initiative focused on helping those displaced by the devastating wildfires in Maui, Hawaii. The so-called People’s Fund of Maui is available for contributors from all over the globe and accepts donations in cryptocurrencies. Crypto to...Read More
One of the leading cryptocurrency mining companies – Stronghold Digital Mining – is reportedly planning to use tire-derived fuel (made of shredded vehicle tires) in its operations in the state of Pennsylvania. Burning such items is a toxic process that contaminates the nearby air, water, and soil. As such, it is no surprise that some...Read More
The US Federal Bureau of Investigation (FBI) discovered that the North Korean hacking collective – the Lazarus Group – has drained cryptocurrencies worth millions of dollars through several attacks in the past few years. The security agency believes the wrongdoers could soon cash out 1,580 BTC (worth almost $41 million at current prices). Stay Focused...Read More
The leading cryptocurrency exchange – Bitstamp – will reportedly disallow US customers to stake cryptocurrencies from September 25. The decision comes as a result of the “current regulatory dynamics” in the world’s largest economy, Chief Executive Officer Bobby Zagotta said. US Citizens Affected Once Again The world’s longest-running crypto exchange – Bitstamp – will become...Read More
GOP presidential candidate and current mayor of Miami, Francis Suarez, has said he would be willing to accept Bitcoin (BTC) as part of his salary if elected president. Suarez made the statement in a podcast interview, where he confirmed that he was already taking part of his mayoral salary in Bitcoin and would continue if...Read More
The founder of FTX – Sam Bankman-Fried (SBF) – has reportedly pleaded not guilty in a Manhattan federal court to seven criminal charges in a new indictment. This was his first appearance since his bond was revoked earlier this month, leading to his imprisonment. SBF is expected to spend the days until his trial in...Read More
