Tag Archives: United States

Mike Pence – former Vice President of the United States – believes his country is en route to a debt crisis within the next 25 to 30 years due to the government’s irresponsible fiscal policy. Within 3 decades, he claimed that the nation’s debt could balloon to $150 trillion. Insurmountable Debt In an interview on CNBC’s Squawk Box on Wednesday, Pence commented on the United States’ record high inflation, pinning its cause largely on “unnecessary” covid relief spending from...

Alex Gladstein – CSO of the Human Rights Foundation – thinks bitcoin symbolizes some of the USA’s values based on the Declaration of Independence: free speech, property rights, and open capital markets. He argued that the primary cryptocurrency could thrive in democracies and struggle in totalitarian countries. ‘It’s Financial Privilege’  In a recent episode of Simply Bitcoin, Alex Gladstein presented himself as a keen advocate of the leading digital asset and pointed out its...

Gilbert Armenta – the former boyfriend of Ruja Ignatova (more famous as the “Cryptoqueen”) – will reportedly spend five years in jail for participating in the fraudulent cryptocurrency project OneCoin. The Bulgarian-born Ignatova – the Founder of the infamous Ponzi scheme – sits on the FBI’s ten most-wanted list. She was last seen in 2017 in Greece, while some sources hinted she could have been killed. Armenta Gets Five Years, Instead of Seven According to a Bloomberg...

Robinhood’s cryptocurrency trading volume hit $3.7 billion last month, a 95% increase compared to December 2022.  Contrary to the good start of the year, the 2022 bear market took its toll on the firm’s crypto revenue. It also dismissed nearly a third of its total headcount. Starting off on the Right Foot The cryptocurrency market made an impressive comeback during the first month of 2023, with most assets significantly increasing their valuation compared to the end of 2022....

Leading cryptocurrency exchange Binance had “gaps” in regulatory compliance in the first few years after its launch in 2017, the company’s Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview. Hillmann revealed that Binance had missteps during the implementation of its security measures, such as the Know-Your-Customer (KYC) protocol and the Anti-Money Laundering (AML) rules designed to combat money laundering activities. Binance Admits...

Milena Mayorga – ambassador of El Salvador to the United States – said the Salvadoran authorities might open a bitcoin embassy in Texas. The central American nation has already introduced a BTC office in the city of Lugano, Switzerland. The Second BTC Embassy Mayorga held a meeting with Jose “Joe” Esparza (Texas Deputy Secretary of State) to discuss the new initiative, outlining the financial connection between El Salvador and the region: “We discussed the opening of the...

The President of the United States – Joe Biden – will reportedly appoint Lael Brainard (Vice Chair of the Federal Reserve) as his top economic adviser.  The latter is a critic of cryptocurrencies, arguing they could undermine America’s financial stability. On the other hand, she is a proponent of a digital dollar that would be highly centralized and monitored by the authorities. Anti-Crypto Position According to a Bloomberg coverage, President Biden will soon name Lael...

Ishan Wahi, a former product manager at the largest US-based crypto exchange, pleaded guilty to two counts of conspiracy to commit wire fraud. His brother did the same a few months back, receiving a 10-month prison sentence. CryptoPotato reported in July 2022 when the US Department of Justice charged Ishan Wahi, his brother Nikhil, and a third-party (Sameer Ramani) with insider trading for tokens that were about to be listed on Coinbase. According to the authorities, they...

Should the United States consider making XRP the reserve currency of the world and buy its entire holding from the market?  Well, this speculative idea floated by Jimmy Vallee, Managing Director of Valhill Capital, in 2021 is once again doing rounds after he talked about it in a recent interview.  But Ripple Lab’s CTO David Schwartz says he has not even looked at it closely.  Sounds Like a Scam The latest to rubbish Vallee’s speculative buyback theory is Ripple’s CTO, David...

Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to a blizzard that battered the region. The extreme weather conditions prompted them to switch off their machines to preserve the local power grid.  The Cold Winter in Texas Surprised Crypto Miners As reported by Bloomberg, the ice storm that hit “the Lone Star State” damaged some of the equipment of the domestic bitcoin miners. Electricity consumption surged significantly due to the...