Tag Archives: United States

The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as a “viable form of currency,” which is a serious concern for the US government. Bitcoin Made the Government ‘Freak Out’ During his most recent podcast episode, Joe Rogan reiterated his support of bitcoin, asserting that the current status of the asset is much similar to the early Internet: “I think of bitcoin...

On May 3, U.S. Senator Cynthia Lummis (R-WY) was interviewed by Axios news media and revealed important details about the crypto bill she hopes to introduce before the end of the year. The bill, Lummis says, adapts the legal framework so that cryptocurrencies and traditional assets fall under similar regulatory categories. “We’ve designed it so it works within the customary framework for managing and regulating traditional assets. So, for example, Bitcoin is a commodity. So...

New York’s luxury fitness club Equinox will start accepting payments for gym services in cryptocurrency, according to local media reports. This makes the gym the first in the Big Apple to endorse digital currencies in its business, an anonymous source said. To do so, the company will partner with BitPay, a popular crypto payment service, for the new infrastructure. Equinox Customers Can Now Pay in Cryptocurrency The development is in line with Equinox’s goal of meeting its...

Blockchain Association of Singapore (BAS) on Wednesday announced a partnership with American banking major BNY Mellon. As per the MoU, the latter comes on board BAS as a strategic collaborator. BAS’ tie-up with BNY comes in the wake of a generally strict regulatory environment both in Singapore and globally, coupled with an increasing interest of institutional investors in digital assets. The advocacy organization for the blockchain industry appointed Richard Teng, a former...

The United States Department of Justice (DOJ) has indicted 44-year-old Japheth Dillman, the founder of Block Bits Fund, for misleading investors into committing a total of $960,000 to a false arbitrage autotrader. DOJ Indicts Block Bits Founder Block Bits Fund was founded in 2017 during the ICO era. The company presented itself as a fund dedicated to cryptocurrencies, Initial Coin Offerings (ICOs), and blockchain technology. It promised investors high returns from the profit...

United States prosecutors have slammed charges against two Europeans for allegedly conspiring with recently sentenced Ethereum developer Virgil Griffith to help North Korea evade US sanctions with cryptocurrency and blockchain technology. Two Suspects Tied to 2019 Pyongyang Crypto Conference According to a Department of Justice (DoJ) press release on Monday (April 25, 2022), 47-year-old Spanish citizen Alejandro Cao de Benos and a 30-year-old British citizen, Christopher...

The United States Secret Service (USSS) has seized over $102 million in cryptocurrencies during investigations into criminal and fraud cases since 2015, said David Smith, Assistant Director of Investigations. Smith leads the USSS’ global investigative wing with 161 offices and over 3,000 employees.  To track illicit currency transactions and crackdown on them, US Secret Service agents and analysts monitor the flow of bitcoin and other digital assets on different blockchain...

2021 was a wild year for the crypto market, with major assets like Bitcoin and Ethereum hitting new all-time highs and attracting an unprecedented amount of institutional investment. Throughout the entire year, investors worldwide took a total profit of $162.7 billion in cryptocurrencies, a fivefold increase from just $32.5 billion in 2020. America-based investors led by a considerable margin at an estimated $47.0 billion gains ahead of investors from any other country....

According to a forecast on the crypto industry released on April 20 by research firm Insider Intelligence, nearly 34 million Americans will own cryptocurrency by the end of the year. That equates to around 10% of the population, though the company reported a higher figure of 12.8%, possibly taking the adult population figures into account rather than the total. The researchers predicted that the number of U.S. adults who own and use crypto for payments will double digits by...

The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially evade economic sanctions by mining cryptocurrencies. On April 20, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned BitRiver, a cryptocurrency mining company based in Moscow, prohibiting any business relations with U.S. citizens. According to the statement,...