USA

To Clarify Crypto: New Bill in U.S. Would Split Digital Assets Into 3 Categories

“Cryptocurrency” is the reigning moniker for blockchain-based digital assets the world round, not just in America. But if new legislation put forth in the U.S. passes, users in America’s nook of the cryptoeconomy can expect to officially deal with three types of crypto: cryptocurrencies, crypto-commodities, and crypto-securities. That’s per the Crypto-Currency Act of 2020, which...
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Tim Draper Opens Up on Blockchain, Crypto, and the Future

Billionaire Tim Draper recently spoke about emerging technologies, especially blockchain and crypto, revealing what he expects will come in years to come. The year 2019 is at its end, and the next decade is ready to begin. However, while the new decade means a new beginning for a lot of people, it also means a...
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Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup...
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Crypto Markets Surging on Back of Rising US Tech Stocks?

A recent rally of technology companies’ shares led to an overall increase in US stock prices, which are hitting new records. Could this bullish activity be the cause of today’s crypto recovery?  US and China willing to continue with the talks The US/China trade war still rages on, but recent events have had some positive...
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FED Added $12.7 Million Bitcoin To Financial System As Bailout

Alternative Airlines is the name of the latest travel company which makes headlines in the cryptonews section. As the updates show, this UK travel company has partnered with the cryptocurrency service Utrust to facilitate payments with crypto.On November 13, the Switzerland-based firm and digital payments processor Utrust announced a new partnership with the first merchant...
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U.S. Congressman Calls for Adoption of Blockchain After China Makes Moves

Although Bitcoin is now eleven years old and valued at $170 billion, the cryptocurrency and blockchain industries remain basically irrelevant on a global scale, often being treated as more of a joke or crazy experiment than a fledgling technology. But, moves are being made to mainstream blockchain. Most recently, a United States Congressman has tacitly...
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As Crypto Exchanges Exit the US, Which Trading Platforms Will Enter the Breach?

The U.S. remains a challenging environment for centralized cryptocurrency exchanges, with major players significantly scaling back their operations and others heading for the door. The most recent casualty of America’s stringent regulatory climate is one time market-leader Poloniex, which has “spun out” from parent company Circle, spinning out of the U.S. market in the process...
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Layer1: Bitcoin Mining “Needs a U.S Company to Lead” – Are They Right?

Bitcoin mining should be led by a United States company. That’s according to San Francisco-based Layer1 – a cryptocurrency mining company that just secured $50 million from investors including Peter Thiel, known for co-founding PayPal. The company plans to set up a new mining operation in West Texas where they will employ a proprietary hardware...
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Millennials Rising: It’s Darkest Before The Crypto Dawn

Markets are red. Investors are blue. Crypto is down – and so, maybe, are you. But Bill Smead, CEO of Smead Capital Management, describes a United States that is soon to be dominated by millennials. Does that mean we’re on the brink of a crypto dawn? Smead told CNBC’s Squawk Box that there was a...
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Binance Makes The Argument For BNB Utility

Is the BNB Token a security or a utility token? It’s a question that Binance appears keen to answer, if a recent blog post and a new hashtag, #UseBNB, are anything to go by. In the post, Binance published an exploration of its multiple use-cases for BNB, which already number over 120 in total. In...
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Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings

Bank of Ireland executives have backed out of testifying before the U.S. Government in the criminal proceedings regarding OneCoin multi-million scam. Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin. No testimony...
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Breaking: US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

The U.S. SEC announces an emergency action against Telegram’s initial token offering, which has already raised over $1.7 billion. The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering. Per an Oct. 11 press release, the SEC has filed an emergency action...
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Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift

The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone...
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WHY, GOD, WHY DO BAD THINGS HAPPEN TO GOOD ETFs? Bitwise Denied: Analysis

Despite Bitwise Managing Director Matt Hougan’s sunshine optimism that the market was “closer than ever” to a Bitcoin ETF, last night the SEC announced it had rejected their application on the grounds that it had failed to show how it would “prevent fraudulent and manipulative acts and practices.” In a statement today, following the decision,...
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Class Action Accuses Tether and Bitfinex of Market Manipulation

A New York-based legal firm filed a class-action suit against Tether and Bitfinex, accusing the firms of crypto market manipulation. A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and...
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Will the Fed Take USD Digital? American Politicos Have Crypto on the Brain

American lawmakers on the House Financial Services Committee sent a series of questions to Federal Reserve Chairman Jerome Powell this week regarding whether the nation’s central banking system had any plans to launch a digital dollar, namely a cryptocurrency. Those lawmakers were U.S. Representative Bill Foster (D-Illinois) and U.S. Rep. French Hill (R-Arkansas). Rep. Foster...
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‘Innovation Crushing’ Crypto Law Could Sneak Through California Legislature

A proposed law in California could have a disastrous impact on both the U.S. cryptocurrency scene and the global industry, according to a newly-launched advocacy group. Launched today, The Aquarian Advocacy Group (TAAG) says it will campaign the proposed Uniform Regulation of Virtual Currency Businesses Act, which is currently under debate in California’s State Assembly. ...
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Wyoming citizens cannot be compelled in any proceedings to disclose private keys, claims Caitlin Long

As of recently, the U.S. government has been loosening its regulatory leash on the crypto-landscape, making sure not to miss out on its share of financial dominance. In a rare instance, Caitlin Long and Trace Mayer & Tyler Lindholm, together featured on Peter McCormack’s podcast to discuss Wyoming’s role in leading this initiative. Long started...
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Fantasy Sports Giant Fanduel Now Accepts Bitcoin Cash

The second-largest fantasy sports provider Fanduel has revealed customers can make deposits on the platform using cryptocurrency. Fanduel members can now top up their accounts with BCH or BTC via the digital currency payment provider Bitpay. Also Read: More Than 70 Projects and Applications Built Around Bitcoin Cash Fanduel Adds Bitcoin Payments via Bitpay Fantasy...
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North Korea Accused Of Stealing $2 Billion Via Bitcoin Exchanges

New Zealand BTC scam was launched over the past days using the radio and TV personality Duncan Garner and as we can read in the latest cryptocurrency news today, he rebuked the fraudsters for using his identity. Garner made clear that he has no involvement in the New Zealand BTC scam which was named as...
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Stablecoin Lending May Interest Recession-Wary Investors

Investors have swung wildly between risk-on and risk-off postures, as Sino-U.S. trade tensions rise and fall. While crypto-volatility is still too strong for most investors to stomach, there could be a more reliable refuge for investor value. At present, equities-averse money has very few places left to go.The Swiss National Bank recently intervened to dampen...
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US Treasury Targets Crypto Addresses of Alleged Narcotics Traffickers

The U.S. Department of Treasury has sanctioned three alleged narcotics operators and their crypto addresses. The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act. These addresses, and the individuals associated with them,...
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New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation. The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing...
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Would Blockchain Better Protect User Data Than FaceApp? Experts Answer

Experts in the cryptocurrency and blockchain industries take on concerns about users’ privacy violations connected with the popular FaceApp mobile application. FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential...
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US Lawmakers to Visit Switzerland to Discuss Crypto, Facebook’s Libra

A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s stablecoin Libra being in the focus. A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus. As local weekly news outlet NZZ am Sonntag...
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Reconciling Blockchain Technology With California Consumer Privacy Act

The upcoming implementation of the California Consumer Privacy Act of 2018 has grave implications for businesses utilizing blockchain technology… The California Consumer Privacy Act of 2018 (CCPA), which goes into effect on Jan. 1, 2020, has signaled a new push in the United States to strengthen and broaden privacy regulations, similar to the trends seen...
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US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

A branch of U.S. Customs and Border Protection will test blockchain-based shipping for licensed shipping partners. A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept. The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late...
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FinCEN Director Addresses Casino Compliance With Obligations Regarding Crypto

FinCEN director Kenneth Blanco urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency activity. Kenneth A. Blanco, the director of the Financial Crimes Enforcement Network (FinCEN), has urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency (CVC) activity. During his speech at the 12th Annual...
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Binance US Considering 30 Cryptocurrencies Ahead of Launch

While U.S. users are getting geo-blocked from Binance.com this fall, the Malta-based cryptocurrency exchange is angling full steam ahead toward the launch of its recently announced platform for American traders, Binance US. To turn that vision into reality, the exchange has created a so-called “Digital Asset Risk Assessment Framework,” and per that framework is initially...
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U.S. Federal Government Moves Closer to Legally Defining Blockchain

The law is built on definitions. And “blockchain” may soon be getting formally defined by the U.S. federal government. To date, the 50 U.S. states have been left to their own devices in how they legislatively approach blockchain tech and the cryptoeconomy. What’s been missing has been overriding top-down federal guidance to steer the states’...
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