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Tag Archives: United States

Vietnam Reaffirms Global Leadership in Crypto Adoption: Chainalysis

Chainalysis’ recent report, called “The 2022 Global Crypto Adoption Index,” revealed that digital asset adoption has slowed down in the past 12 months due to the crypto winter but remains above pre-bull market levels. The leader from 2021 – Vietnam – was placed first again, while the Philippines and war-torn Ukraine followed shortly after. Interestingly, China (where the interest in bitcoin plunged significantly due to the crypto ban in 2021) re-entered the top 10. The New...

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Binance CEO Believes Biden’s Crypto Regulatory Framework Is Good News

The Biden administration issued its first-ever paper on cryptocurrencies and how the asset class should be regulated within the nation on Friday. While some believe the guidelines require more clarity, Binance’s CEO asserted that the framework is a significant recognition of itself, and his company aims to work with global watchdogs. After issuing a few executive orders on digital assets in the past several months, the Biden administration took it up a notch on Friday when it...

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US Treasury Sanctions Crypto Addresses Tied With Neo-Nazi Russian Group

The United States Treasury Department added five cryptocurrency addresses to its sanctions blacklist. All wallets are connected to the Russian neo-Nazi paramilitary group – Task Force Rusich – that has participated in the Ukraine war. Prior to that, the Department sanctioned the Ethereum-based cryptocurrency mixer – Tornado Cash – and Blender.io (a software tied to the Democratic People’s Republic of Korea). Weakening Russia’s Forces The US Treasury Department announced it...

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Biden Administration Pitches for Regulation and Strict Oversight of Crypto 

In a series of reports, the Joe Biden administration on Friday has offered its response to the President’s executive order on cryptocurrencies – Ensuring Responsible Development of Digital Assets – issued earlier this year, media reports said. Here is all that you need to know about the Biden administration’s Friday reports: The Joe Biden administration has asked the enforcement agencies to strictly pursue the digital asset sector and identify gaps in regulations. It also...

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US Treasury Department: Users Will Need a License to Withdraw Funds From Tornado Cash

On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used to launder money thanks to its transaction obfuscation features. Users Must Apply For a License to Withdraw Funds Per the Treasury Department’s guidelines,...

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Florida Man Faces Five Years in Prison for Stealing $100M Worth of Crypto

Joshua David Nicholas – a resident of Florida – pleaded guilty that he and other members of the cryptocurrency platform EmpiresX skimmed investors with $100 million worth of digital assets. He now faces a maximum penalty of up to five years in Federal prison. Last month, the US authorities brought to justice another criminal crew from the Florida region. The Miami citizens – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – might spend up to 30...

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GameStop Shakes Hands With FTX US After Announcing Q2 Results

The retail gaming giant – GameStop – said it partnered with US brand of the popular cryptocurrency exchange – FTX. Over the course of the agreement, the former will begin carrying FTX gift cards in select stores. In addition, GameStop revealed that its quarterly sales declined to $1.14 billion compared to $1.18 billion in Q2, 2021. Its publicly-traded shares have also been on a downtrend recently. However, they rose about 12% in after-hours trading. Joining Forces With FTX In...

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64% of Survyed American Parents Want Their Kids to Study Crypto in School

A recent research conducted by Study.com revealed that 64% of US parents think cryptocurrencies should be a subject part of their children’s education. However, the moms and dads are not that supportive of non-fungible tokens (NFTs) since only 25% said they should be included in the school programs. The mayor of New York City – Eric Adams – is also a proponent of such educational amendments. Last year, he labeled cryptocurrencies as a “new way for paying for goods and...

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46% of US Crypto HODLers Not Happy With Their Investment (Study)

A recent survey carried out by Pew Research Center estimated that 46% of American cryptocurrency investors think their entrance into the market has done worse than expected. Only 15% admitted their investments have turned more successful than initially thought. The study further disclosed that the share of crypto investors in the US had remained relatively the same compared to figures from September last year. The lack of significant changes comes despite the fact that...

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Miami Crew Faces 30 Years in Prison for Running a Fraudulent Crypto Scheme

The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform for over $4 million. The men used fake identification to buy digital assets, while later, they lied to financial institutions that the transactions were not authorized so they could net more money. For their crime, the trio faces up to 30 years in Federal prison. Halting the...

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