Tag Archives: United States

The Californian Department of Financial Protection And Innovation (DFPI) issued cease and desist orders against five companies profiting from the hype around AI to attempt to dupe gullible investors. All Hype, Little Info According to the regulator, all five companies violate securities law by offering unregistered securities to the public. Scammers like to deceive investors by using phony CEOs, sham algorithms, & Ponzi schemes. Today, we’ve issued desist and refrain...

The US-based cryptocurrency exchange – Coinbase – received approval from the Bermuda Monetary Authority to operate on the island. It also intends to establish an offshore derivatives marketplace in the region as soon as next week. CEO Brian Armstong recently said his entity could relocate to other countries if the American watchdogs do not impose an appropriate regulatory framework on the digital asset sector. Next Stop: Bermuda? Coinbase announced in a blog post that it had...

Robert F. Kennedy Jr – the nephew of former President John F. Kennedy – officially announced his candidacy for President of the States. He will run for the Democratic nomination, attempting to prevail over the current leader of the USA – Joe Biden. Kennedy has presented himself as a supporter of Bitcoin, claiming it could offer people an “escape route” amid the financial turbulence caused by the Federal Reserve’s actions. A BTC Fan Running for a President The 69-year-old...

The US Securities and Exchange Commission (SEC) Chairman – Gary Gensler – affirmed during testimony before the House Financial Services Committee that the agency will keep insisting that local crypto platforms abide by strict laws. Committee Chairman Rep. Patrick McHenry argued that the regulator’s aggressive approach could drive such firms away from the USA and hamper innovation.  Gensler also said he has never owned any digital assets, classifying them as “highly...

Brian Armstrong – Chief Executive Officer of Coinbase – thinks US and UK-based cryptocurrency entities could relocate to other countries if the domestic watchdogs do not implement proper legislation on the industry.  He also hinted that his exchange might consider such a move should the regulatory situation in the States remains the same. ‘Anything is on the Table’ According to Armstrong, the American and British authorities should enforce appropriate crypto rules to prevent...

The infamous co-founder of Terraform Labs has reportedly lost his bid against the US Securities and Exchange Commission (SEC). The latter is now allowed to seek records from the Monetary Authority of Singapore (MAS) that could shed more details on how the 31-year-old developer managed Luna Foundation Guard and whether he had a hand in last year’s LUNA/UST collapse. Numerous agencies, watchdogs, and prosecutors alleged Kwon was the main culprit of the multi-billion crash. He...

Securities and Exchange Commission (SEC) Chair Gary Gensler’s crusade against the crypto-asset industry has prompted political pushback. United States Representative Warren Davidson is the latest to retaliate. The Ohio Representative said he is introducing legislation to remove Gensler as the SEC boss in a bid to “correct a long series of abuses.” SEC’s ‘Unconstitutional Overreach’ The announcement comes after the SEC said that it would “modernize” the proposed redefinition...

A Pew Research Center study determined that most US residents (88%) have at least basic knowledge about cryptocurrencies. However, only 24% think investing, trading, or using digital assets is safe and reliable. The percentage varies in the different demographic groups: adults aged 50+ are more likely to be skeptical (85%) than younger individuals (66%). The Newest Trends in the US 17% of the participants in the research admitted to dealing with cryptocurrencies at one point...

The US-based cryptocurrency miner – CleanSpark – purchased 45,000 units of the Antminer S19 XP BTC mining machines for $144.9 million.  The current computing power of CleanSpark is 6.7 EH/s, while the installation of the new equipment is expected to push it to 13 EH/s.  Preparing for the Halving According to the deal, the manufacturer will distribute 25,000 units in August, while the remaining 20,000 should arrive in September. CleanSpark plans to deploy all of them at its...

San Francisco’s law enforcement agents have reportedly detained the 38-year-old tech-consultant and entrepreneur – Nima Momeni – for the alleged murder of Bob Lee (founder of the mobile payment service that allows users to buy and sell bitcoin – CashApp). The incident happened last week when Lee was stabbed to death in the Rincon Hill neighborhood. Numerous prominent individuals, including Twitter’s owner Elon Musk, castigated San Francisco for the violence in the city. The...