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Tag Archives: United States

US SEC Delayed Decision on ARK 21Shares Bitcoin ETF Application

The United States Securities and Exchange Commission (SEC) extended its final decision on whether to approve the launch of ARK 21Shares’ spot BTC ETF to January 27, 2023. The Commission stated it needs more time to consider the pros and cons of the ETF. Two More Months Ark Invest wanted to introduce a spot Bitcoin ETF on the Cboe BZX Exchange in 2021 when it teamed up with the Switzerland-based fintech company – 21Shares. The securities watchdog of the States, though,...

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BlockFi is Bringing Back Yield Product, But There’s a Catch

BlockFi was one of the lenders that found itself in troubled waters following the crypto credit crisis. As forced selling and liquidity issues began to take a toll on investors, the industry, which was already buffeted by inflation and other macroeconomic agents, witnessed several companies, including Celsius and Voyager, go bankrupt. But BlockFi managed to stay afloat, thanks to its acquisition agreement with Sam Bankman-Fried’s FTX. The company is now back in the crypto...

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Major South African Supermarket Chain Accepts Bitcoin Payments (Report)

One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest to Catch the Wave Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores....

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Instagram Influencer Jay Manzini Pleads Guilty for Draining $2.5M in BTC From Fans

The popular Instagram influencer Jebara Igbara, also known as “Jay Manzini,” pleaded guilty to money laundering, wire fraud, and wire fraud conspiracy. He used the social media platform to promote various schemes to investors but, in fact, defrauded them with $8 million. In addition, Igbara told his followers he wanted to buy a huge amount of bitcoin and that authorized exchanges would not allow him to accumulate such a stash. He urged Instagram users to send him BTC,...

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Bitcoin Taps 5-Day Peak on Higher Than Expected US Job Report

The US beat the expectations in terms of new nonfarm jobs reaching 261,000 such positions in October, rather than the estimated 205,000. Bitcoin reacted with immediate price fluctuations, dropping by a few hundred dollars before shooting up to a five-day high. CryptoPotato warned recently that there’re four major events coming at the start of November that could bring enhanced volatility to the crypto markets. The first – FOMC meeting – took place on Wednesday and the Federal...

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Bitcoin Volatility Incoming? Four Things to Watch The Next 10 Days

The first ten days of the new month will be quite eventful for the US, with the latest FOMC meeting, CPI numbers, and mid-term elections all scheduled to take place within this timeframe. Given the history between notable announcements and events coming from the US and their impact on bitcoin, it’s safe to assume that there will be a lot of volatility for the asset soon. What Will Happen in the US Soon? The month kicks off with a Federal Reserve meeting, which will be on the...

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Former Obama Adviser Bets his Porsche That Bitcoin Will Rally Again to $60K

Jim Messina – a key adviser to former US President Barack Obama – thinks blockchain technology and cryptocurrencies are among “the most exciting developments of our lifetime.” The American is highly bullish on bitcoin, saying he is ready to bet his Porsche that it will once again reach $60,000. Messina is Sure BTC’s Price Will Head North In a recent interview for Fox News, Messina predicted that today’s society will be remembered by two things: living in the time of COVID-19...

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Two Americans Sent to Prison for Stealing Crypto by SIM Swapping

The residents of Massachusetts – Erig Meiggs and Declan Harrington – will go to jail for two years for stealing approximately $330,000 worth of cryptocurrency from victims. The criminals employed multiple techniques to drain assets, including “SIM swapping” and computer hacking. Fraudulent schemes involving digital assets have been on the rise lately in the USA. At the end of August, the authorities charged the Miami trio – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez,...

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Binance US Hires ‘The Most Feared Man on Wall Street’ as its Head of Investigations

Binance US – the American subsidiary of the world’s largest crypto exchange – appointed the former FBI agent BJ Kang as its first Head of Investigations.  In this role, he will aim to ensure maximum customer protection by “partnering closely” with regulators and law enforcement agents.  ‘The Most Feared Man on Wall Street’ Joins Binance US According to a recent announcement, BJ Kang will use his rich experience to identify illicit criminal activities related to...

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75% of Young US Investors Want to Diversify Portfolios With Crypto (BoA Survey)

Two-thirds of the polled American investors, aged between 21 and 42, believe it is impossible to achieve above-average returns relying only on traditional finance. Instead, they see cryptocurrencies as appropriate tools for the job. Numerous previous researches have shown that younger generations are much more inclined toward the digital asset sector than older individuals. At the peak of the bull run in 2021, many youngsters said they would be happy to receive part of their...

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