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Tag Archives: United States

Largest Asset Manager BlackRock May Start Trading Bitcoin Futures

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC).BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the current capitalization of the entire cryptocurrency market.Now, the Wall Street giant has filed two Prospectus documents with the United States...

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Tether’s General Counsel: iFinex v. NYAG Case Continues with a Court Meeting in 30 Days

The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation.As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of both Tether and Bitfinex.On this date, iFinex had to produce a bulk of documents requested by the office of the NYAG. The latter alleges,...

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Bitcoin Faced First Major Correction In Current Bull Run: The Crypto Weekly Market Update

This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months.Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went in the opposite direction and started to decline. It wasn’t until Monday, however, when things took a turn for the worst.Bitcoin’s price lost around $12,000 in what...

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$500K Bitcoin Donation Funneled to Groups Involved in US Capitol Riot: Analysis

Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S.Alt-Right Agitators Received $500K in Bitcoin Prior to US Capitol RiotPublishing its findings on Thursday (Jan. 14, 2021), Chainalysis revealed that several notable...

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Bulgarian Crypto Exchange Owner Sentenced To 10 Years in Prison for Laundering $5 Million

A Bulgarian national was sentenced to serve ten years in prison after a major crypto-related fraud. Not long ago, the man was convicted in a transnational multimillion-dollar scheme to defraud over 900 American citizens.An Auction Fraud That Victimized over 900 AmericansAccording to an official announcement by the United States Department of Justice, Rossen G. Yossifov, a 53-year-old man, had defrauded hundreds of American citizens during a well-masterminded illegal endeavor. He managed and...

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FinCEN Extends Comment Window on Proposed Crypto Regulations

With the initial deadline for comments long expired, FinCEN has decided to extend the comment period for its proposed controversial crypto regulation for an additional 15 days.FinCen Sets New DeadlineThe Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of Treasury, announced the news of the extension via a press release on Thursday (Jan. 14, 2021). FinCEN’s earlier deadline was set on January 4, 2021.Following the different requests for extension, it appears...

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Following Coinbase And Bakkt: Winklevoss’ Gemini Reportedly Considers Going Public

Cameron and Tyler Winklevoss are reportedly exploring the option of making their cryptocurrency exchange Gemini public. The brothers could follow the steps of other US-based digital asset-related companies with similar intentions, such as Coinbase and Bakkt.Gemini To Go Public?Bloomberg reported today that the founders of the US-based crypto exchange Gemini are open to the idea of going public.“We are definitely considering it and making sure that we have that option. We are watching the...

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Jack Dorsey Defends the Ban on President Trump’s Twitter Account and Praised Bitcoin

Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump.Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it.The History Of Trump’s Social Media BansNews broke last week when multiple social media platforms, including Facebook, Snapchat, and Twitter, permanently suspended the account of the still active US...

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New Users and Regulations: Coinbase Explains The Cause of Issues Amid Latest Bitcoin Price Volatility

The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements.More Users Led To Problems On CoinbaseCoinbase users located in the UK or the EU might have noticed that the services on the popular US exchange didn’t operate properly in the past two months. The platform displayed “partially...

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Founder of a $147M Crypto Ponzi Scheme Sentenced to 10 Years in Prison

Central District Court in California sentenced GemCoin founder Steve Chen to 10 years in federal prison. Chen has been announced guilty of being the mastermind and leader of a $147 million crypto Ponzi scheme that involved mining and digital currency fraud, and tax evasion.Over 70,000 Investors Defrauded with Gemstone-backed CryptoAccording to the US Department of Justice, 63-year-old Californian Steve Chen and a team of conspirators have masterminded the fraudulent endeavor that remained...

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