Tag Archives: United States

American law enforcement agents seized approximately $34 million worth of digital assets tied to illicit Dark Web activity. The operation marked one of the largest confiscations of cryptocurrencies ever executed by the US authorities. ‘Operation TORnado’ was a Success According to a recent announcement by the Department of Justice, the hacker is a South Florida resident who used an online alias to sell more than 100,000 illegal items across marketplaces on the Dark Web. For...

The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company on Nasdaq after securing $300 million in equity financing from an affiliate of Cantor Fitzerald &...

According to a recent poll conducted by StarkWare, 53% of the participants see cryptocurrencies as the “future of finance.” Unsurprisingly, young people (between 25 and 34 years old) are more bullish on the matter, as 68% believe in this concept. Crypto’s Integration Among Americans: The Latest Figures The blockchain-based entity – StarkWare – questioned 2,000 American adults of all ages to determine their viewpoint on the world of crypto and its future development. Per the...

The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency (CBDC) directly to the broad society. The legislation was first submitted in January 2022 by Congressman Tom Emmer. Emer’s Bill Receives Support Public cryptocurrencies such as bitcoin are much different than centralized CBDCs. The latter are issued and monitored by a government...

Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc. The Merger According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237 million from the cash held in the special-purpose acquisition company’s (SPAC) trust, assuming there are no...

US Attorney Dena J. King announced that law enforcement seized $547,000 worth of bitcoin from a criminal who conned an elderly person last year. The officials will return all funds to the victim. Cracking Down a Crypto Scam In its latest efforts to fight fraudulent activities involving cryptocurrencies, American officials confiscated more than $500,000 in bitcoin from a criminal. The latter drained the funds from an elderly Ashville resident last year, as the sum represented...

Richard Turrin – Financial Technology Consultant at CNBC – argued that the Chinese central bank digital currency could challenge the dominance of the American dollar this decade. Specifically, he believes the e-yuan might replace its rival as the currency of choice in international trade settlements. Digital Yuan to Reduce the Dollar’s Usage? The Chinese government is known for having one of the most hostile stances on private cryptocurrencies. Last year, the authorities...

Steve Adler – the mayor of Austin, Texas – proposed two initiatives to turn the city into a “global leader in the crypto space.” The first includes further promotion of the benefits of blockchain technology and Web3, while the second is orientated towards adopting bitcoin as a payment method. Austin to Follow Miami and New York According to a recent statement, the Mayor of Austin – Steve Adler – seeks to “utilize new technologies and innovation to improve government processes...

The cryptocurrency market went through some massive volatility throughout the past week. This was largely induced by President Joe Biden’s executive order on digital assets, US inflation numbers coming up, and the ongoing war between Russia and Ukraine. Let’s unpack. Bitcoin’s price was trading at around $41,000 this time last week but quickly headed south and dropped towards $39K on Saturday. What followed was a few days of choppy sideways action, and BTC even declined to...

A Bitcoin exchange-traded fund is something that the cryptocurrency community is looking forward to for quite some time. Unfortunately, the US Securities and Exchange Commission is not on the same page yet. The United States Securities and Exchange Commission rejected two proposals to list and trade shares of spot Bitcoin exchange-traded funds, according to Reuters.  The first one was the NYDIG Bitcoin ETF proposal, and the second one was the Global X Bitcoin Trust. The move...