Tag Archives: United States

Jim Cramer – the host of CNBC’ financial TV show “Mad Money” – clarified that he is “not against crypto” but opposes such projects that scam people.  This is yet another controversial statement coming from the American who has changed his view on the industry countless times over the years.  The crypto community often mocks him for making not-so-accurate price predictions and investment guidance. For one, Cramer advised people to sell their “awful” positions in December last...

Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected.  The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous Bitcoin initiatives and became the first American politician to receive his salary in BTC instead of fiat currency. BTC Could Thrive...

The world’s largest cryptocurrency exchange – Binance – has reportedly recruited M. Kendall Day – a former prosecutor at the US Department of Justice. His main duty will be to represent the firm in the legal battle against the United States Securities and Exchange Commission (SEC). The agency waged war on Binance earlier this month, accusing it of violating several rules. According to one of the allegations, the exchange offered services with unregistered securities, such as...

Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest asset manager filed with the securities regulator to introduce a BTC Spot ETF in the States.  Invesco Rejoins the Race Eric Balchunas –...

After being sued for operating illegally in February 2023, CoinEx, a Hong Kong-based cryptocurrency exchange, has reached an agreement with the office of the New York Attorney General, which includes a payment of over $1.7 million and a ban from offering its services in New York. The recovered funds will go into penalties and refunds to New York investors. CoinEx to Refund Over $1 Million In a press release from the New York Attorney General’s (NYAG) office CoinEx agreed to...

Lux Vending – doing business as Bitcoin Depot – has reportedly filed a lawsuit against the sheriff’s office of McLennan County, Texas, accusing it of unlawfully seizing $15,000 from a BTC automated teller machine (ATM). The authorities confiscated the amount to compensate an elderly victim who had become a victim of a cryptocurrency scam. Bitcoin Depot ‘Can Go to Hell’ According to local coverage, the whole drama started at the end of April when an 82-year-old Crawford woman...

The Texas State Securities Board filed an emergency cease and desist order against crypto trading platform Abra and its Chief Executive Officer Bill Barhydt. The watchdog claimed that the company misled its customers and committed securities fraud by offering some of its products, such as Abra Earn. The regulator added that the firm has been “secretly transferring assets” to Binance, noting that the US SEC has recently targeted the world’s biggest crypto exchange. Insolvent...

The authorities of Montenegro reportedly consider extending Do Kwon’s custody in the country for another six months before taking an official decision on his possible extradition. The homeland of Terraform Labs’ co-founder – South Korea – and the world’s biggest economy – the United States of America – have both requested his deportation. The Montenegrin police arrested the 31-year-old developer in March this year after he was supposedly on the run for several months,...

There aren’t too many favorable developments within the cryptocurrency community lately. It all started last Monday when the US SEC decided to begin a legal battle against Binance and doubled down on its crackdown against large crypto exchanges by suing Coinbase the very next day as well. Expectedly, these rather unexpected events led to massive price crashes for the majority of crypto assets. Nevertheless, many managed to recover most losses by the end of last week, but it...

Francis Suarez – the mayor of Miami – filed documents to run for President of the United States. He will be a candidate of the Republican party, attempting to prevail over well-known names, such as Donald Trump and Ron DeSantis.  Suarez is an outspoken advocate of bitcoin, and his administration has introduced numerous initiatives focused on the asset. He also became the first US politician to receive his salary in BTC instead of fiat currency.  The Latest Candidate is a...