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Tag Archives: United States

Anthony Scaramucci: Cryptocurrency Markets Had Their Black Friday On November 26

Today was an ugly day for the cryptocurrency world. In fact, it was a bad day for the financial markets in general. The U.S. stock indexes fell 2% on average, the FTSE lost 3.64%, the DAX was down 4.15%, oil futures tumbled more than 10%, and cryptocurrencies lost more than $200 billion in capitalization. All because of fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the...

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Jerome Powell Could Slow Down The Cryptocurrency Industry, Mike Novogratz Says

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 from his point of view, Jerome Powell had failed to understand the political and economic reality of the United States and that the markets have a similar view, being...

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Invesco Blames Its Bitcoin Futures ETF Withdrawal on SEC’s Rules

Anna Paglia – a top executive at Invesco – explained that her company withdrew its Bitcoin Futures ETF application because of the SEC’s rules. Separately, Bitwise Asset Management also pulled off its filing for a futures-based ETF, citing it is not an appropriate decision for the long-term. Invesco Gave Its Explanation Invesco – an American investment firm with over $1.5 trillion in assets under management – filed with the Securities and Exchange Commission to launch two...

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$3.5B Worth of Crypto Seized by the IRS Cybercrime Unit in 2021

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 Most Famous Crypto Cases Solved by The IRS: Among the most successful crypto cases closed by the IRS cybercrime unit are: The...

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CZ: BinanceUS Plans to Raise Couple Hundred Million Dollars Before Going Public

Changpeng Zhao – Chief Executive Officer of Binance – revealed that Binance US (the American arm of the cryptocurrency exchange) plans to raise hundreds of millions of dollars in a funding round. Additionally, Binance will soon disclose where its new headquarters will be. Funding Rounds Before The IPO Speaking at the Bloomberg New Economy Forum in Singapore, Zhao (commonly known as CZ) admitted he does not know the exact number of the fresh funding. However, it will be a...

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US Deputy Treasury Secretary: Bitcoin Won’t be More Dominant Than The Dollar

According to Wally Adeyemo – US Deputy Treasury Secretary – the American national currency will continue to be the world’s most dominant one despite the surging interest in bitcoin and the altcoins. Crypto Cannot Prevail Against The Dollar In an interview with CNBC, Adewale “Wally” Adeyemo – described the cryptocurrency industry as a controversial one, as it might be full of opportunities, but at the same time, it poses a lot of potential hurdles: “One of the things that we...

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Global Crypto Regulation: A Glimpse Of The Present & A Window Into What 2022 Might Hold

The last couple of years have witnessed explosive growth in the mainstream acceptance of cryptocurrencies as aggregate global digital asset capitalization surged past $3 trillion in market capitalization amid a flood of institutional demand and expanded use cases. Digital assets like bitcoin (BTC), ether (ETH), and several other altcoins have come a long way, gradually transitioning from speculative investments to crypto portfolio stablemates. As cryptocurrencies continue...

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The SEC Rejected VanEck’s Spot Bitcoin ETF Application Citing Investor Protection

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, the firm had numerous applications, with some rejected by the agency and others it had to withdraw on its own. However, the landscape in the States...

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Miami Will Distribute Free Bitcoin To Its Residents Thanks To Miami Coin’s Success

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 part of Miami Coin’s yield to the people of Miami. While some parameters are still to be defined, the idea is already well advanced. Miami Coin Paves the Way...

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Bitcoin Trades Sideways As US Congress Passes The Controversial Infraestructure Bill

The US Congress has just passed legislation that could potentially change the way Americans think about Bitcoin and the cryptocurrency industry. The approval of the infamous Infrastructure Bill, which received a final vote of 226 to 206, is a controversial moment for the budding industry. If the bill is signed by US President Joe Biden, then most of the crypto businesses registered in the United States —like Coinbase, Kraken, or even a DEX developed in America— would be...

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