Tag Archives: United States

Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to non-U.S. platforms. Offshore Exchanges Dethrone US Crypto Platforms The significant decline in BTC reserves on American exchanges stems...

Dan Sunghan – Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service – claimed that the former crypto mogul Do Kwon had moved nearly $30 million in digital currencies to an unknown wallet shortly after his arrest in Montenegro. The 31-year-old South Korean has faced huge criticism and was blamed for having a hand in the massive LUNA/USD collapse last year that triggered multi-billion investor losses. He allegedly spent several...

Bittrex’s attempt to return customer funds has met with a significant roadblock from the United States, sparking concerns about the proposed resolution for the crypto exchange’s bankruptcy case. The firm filed for Chapter 11 bankruptcy protection in Delaware in May, less than a month after the US Securities and Exchange Commission (SEC) charged it with operating an unregistered exchange. Two other divisions – Bittrex Malta Ltd. and Bittrex Malta Holdings Ltd. – also filed for...

Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend. The deal would help raise the debt limit imposed by Congress on federal borrowing. But it isn’t yet assured. House Democrats are unhappy with some of...

The Commodities Futures Trading Commission (CFTC) has sued five individuals for falsely promoting bitcoin and crypto trading services, thereby swindling unsuspecting investors. The defendants in the case, according to the CFTC, mainly targeted Spanish-speaking users. Majority of Victims Were From Spanish-speaking Communities The CFTC alleged that five people — David Carmona, Juan Arellano Para, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa — solicited funds from...

Florida Governor Ron De Santis has officially announced that he’s entering the United States 2024 Presidential race, poised to be former President Donald Trump’s greatest opponent within the Republican primary.  Unlike Trump, De Santis has pushed pro-crypto policy multiple times in the past and is staunchly opposed to Central Bank Digital Currencies (CBDCs). De Santis Would Protect Bitcoin De Santis announced his plans to run in a Twitter Spaces alongside the platform’s...

With the US debt ceiling talks leading to no results, economists are wondering whether this situation could turn out to be a massive global financial crash, despite politicians still claiming that there will be a soft landing. Robert Kiyosaki, however, doesn’t believe this assertion and urged investors to turn to gold, silver, and bitcoin to protect themselves. Republicans and Democrats are still unable to decide whether the US should raise the debt ceiling, and questions...

Brooklyn-based crypto firm Coin Cafe has been ordered by the office of the Attorney General to refund over $4 million to cryptocurrency investors. The restitution comes after investigations revealed that the company charged users exorbitant fees without their consent. “Free” but not Free In a press release on May 18, the New York Attorney General’s office claimed that Coin Cafe charged investors high fees to store bitcoin with the company’s wallet, despite advertising the...

Brad Garlinghouse, the chief executive officer of blockchain company Ripple, believes more crypto firms and businesses will leave the United States due to confusing regulations in the country. During an interview with CNBC, the CEO said the confusion in the country would push crypto entrepreneurs and investments into other friendly regions like Europe, the United Arab Emirates (UAE), the United Kingdom, and even Singapore. Regulatory Confusion in the U.S. Garlinghouse noted...

According to an undisclosed White House official, North Korea has funded approximately half of its missile tests through crypto theft and cyberattacks.  A recent Chainalysis report suggested that North Korean hackers embezzled $1.7 billion of digital assets in 2022. Arguably the most notorious local hacking collective – the Lazarus Group – stood behind numerous exploits last year, with the $625 million breach on Ronin Network being the most famous one.  North Korean Hackers...