Tag Archives: United States

The US Congress has just passed legislation that could potentially change the way Americans think about Bitcoin and the cryptocurrency industry. The approval of the infamous Infrastructure Bill, which received a final vote of 226 to 206, is a controversial moment for the budding industry. If the bill is signed by US President Joe Biden, then most of the crypto businesses registered in the United States —like Coinbase, Kraken, or even a DEX developed in America— would be...

Former police officer Eric Adams was elected the 110th mayor of New York City over Republican anti-crime activist Curtis Sliwa. Adams had promised to restore the pandemic-ravaged city to its former glory within a year. But this victory can also pave the way for New York to become a Bitcoin hub as visioned by the 61-year-old Democrat. Bringing Bitcoin Business Back to New York According to the Associated Press, Adams had 67% of the vote, with 65% of precincts reporting. As a...

The United States will aim for clear regulatory rules to enable banks and their customers to hold and operate with cryptocurrencies, said the FDIC chair, Jelena McWilliams. As such, the positive developments coming from the world’s largest economy continue as the nation recently had its first Bitcoin Futures ETF. US Banks to Hold Crypto? Up until a year ago, banks and cryptocurrencies were two mutually exclusive terms as the former refused to acknowledge even the mere...

With inflation already here, Twitter founder and Bitcoin proponent Jack Dorsey believes it will continue at a fast rate, which will lead to hyperinflation, not just in the United States but around the rest of the world. Hyperinflation Will Change Everything The Square CEO shared his thoughts on the matter on Twitter, stating: “Hyperinflation is going to change everything… It’s happening.” While inflation is a decrease in the purchasing power of money, reflected in the general...

It’s been a wild few months for Bitcoin’s price. It went all the way up from around $65K in April, down to below $30K in July, and back to a new all-time high today – October 20th. Many are drawing comparisons between the market dynamics in April and now, and as BTC sits in price discovery, it’s worth looking at a few reasons for which things might be a lot more bullish currently compared to before. Retail FOMO Is Not Here First things first, one of the main catalysts of...

The talk in the crypto town for the past several days has predominantly been the potential launch of a Bitcoin ETF in the United States. After all, the country’s Securities and Exchange Commission has been reluctant to approve such a product for years, while other nations, like Canada and Brazil, did so earlier this year. The pressure on the SEC is mounting, and the appointment of Gary Gensler, who previously had experience with blockchain, was regarded as a promising step in...

New York Attorney General Letitia James announced on October 18 that she had ordered the shutdown of an unidentified group of cryptocurrency lending platforms operating in the state. As per an official press release, the companies would be acting in contravention of the stipulations of General Business Law § 352 et seq —better known as the “Martin Act.” Ms. James argues that cryptocurrency lending platforms are “interest-bearing accounts” and therefore must register with the...

Up to this point in time, China has always been the dominant country when it comes to mining bitcoin. Sadly, the region has done all it can to eliminate its standing in the industry, and now it looks like another nation – the United States – has opened itself up to become the world’s primary leader in the world of bitcoin mining. China Has Been Outdone By the U.S. China was – at one point – home to about 65 to 75 percent of the world’s crypto mining projects. It also is...

It appears that years after the first Bitcoin ETF proposal was filed, the United States Securities and Exchange Commission (SEC) has decided to greenlight a futures-backed exchange-traded fund for the first time. ProShares, the company which filed for its Bitcoin Strategy ETF, might be the very first one to see it launch next week. It filed an amended prospectus which indicates that it could go live as soon as Monday. It’s worth noting that this is not a standard ETF but a...

The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to pay a fine worth $41 million. This was issued by the CFTC on the grounds of “misleading statements and...