Tag Archives: United States

The United States Securities and Exchange Commission (SEC) continues with its efforts to clamp down on illegal initial coin offerings. This trend started a couple of years back when ICOs were at their prime but has steadily escalated in 2020 and 2021. SEC Charges Rivetz Corp CEO for $18 Million According to an official litigation release, the SEC has charged Rivetz Corp., Rivetz International SEZC, as well as the president of Rivetz and the CEO of Rivetz International –...

This week saw Bitcoin’s price surging past $50,000 on a few occasions, while altcoins have been charting double-digit gains all along. Let’s start with BTC. The primary cryptocurrency is up about 7% over the past seven days, and it’s currently sitting above the coveted $50K mark. However, it took it a few attempts to go there, and we need to see today’s daily candle close above it for further validation of the bullish continuation. Towards last weekend, Bitcoin attempted to...

The authorities in Texas sentenced the CEO of AriseBank – Jared Rice, Sr. – to spend the next five years in federal prison. Apart from the jail time, the criminal would have to restore approximately $4,250,000, which he embezzled from investors throughout his cryptocurrency-related schemes. Justice at Last According to a recent press release from the US Department of Justice, Jared Rice, Sr. will spend the next 60 months behind bars. The American, who was in charge of...

With the gargantuan $1 trillion U.S. infrastructure bill in parliamentary limbo, the fate of the crypto tax proposal tacked onto it remains in question. Meanwhile, the cryptocurrency industry is getting organized with a new sense of urgency to lobby and campaign. The Senate has passed the trillion-dollar bipartisan infrastructure package without an amendment hoped for by cryptocurrency industry stakeholders and blockchain-friendly delegates in Congress. But the fate of the...

The $1 trillion bipartisan infrastructure bill in the U.S. Congress is currently on pause until Sept 27th or later. Meanwhile, House Democrats want to spend $3.5 trillion. After $6 trillion in Covid appropriations in 2020. Here’s why that’s a favorable macro environment for crypto. The fate of the relationship between the U.S. and cryptocurrency is wrapped up in the $1 trillion bipartisan infrastructure appropriations bill. The resolution of a contentious tax rule inserted as...

According to a recent research, US cryptocurrency investors have allocated on average $1,707 in such assets. 37% of them admitted they would not touch these funds even if they must cover a necessary bill or an important payment. Somewhat expectedly, the celebrity who influences most of the respondents’ crypto-related decisions is Elon Musk. Many Americans Have ‘Diamond Hands’ The betting platform – GamblersPick – surveyed 1,000 US digital asset investors to conclude that a...

The owner of Bitcoin mixer Helix and resident of Ohio, Larry Dean Harmon, pleaded guilty to a one-count conspiracy to launder monetary instruments. Previously, US prosecutors alleged that the Bitcoin mixer laundered over $300 million. Bitcoin Mixer Operator Pleads Guilty Harmon pleaded guilty in the United States District Court for the District of Colombia on Wednesday (August 17th, 2021). According to a press release by the US Department of Justice (DoJ), the Ohio resident...

The Mayor of Cool Valley, a city in Missouri, is planning to distribute bitcoin worth up to $1,000 to the inhabitants. However, there is a condition attached to such a plan. Five-Year HODL Condition According to a report by local news outlet KSDK on Thursday (August 19, 2021), Jayson Stewart has revealed intentions to give each of Cool Valley’s 1500 residents either $500 or $1000 worth of BTC. Stewart, who also calls the crypto “digital gold,” believes that the cryptocurrency...

In his second crypto-focused endeavor in the private sector, Former SEC chairman Jay Clayton will be joining a $2 billion crypto-custodian based in Israel, known as “Fireblocks.” Why Clayton Joined Fireblocks Fireblocks was launched in 2019 and has seen impressive growth since, having already acted as custodian for over $1 trillion in assets and scaled from 100 to 500 institutional clients in the crypto and traditional finance industries within only months. Clayton’s job at...

A few months after dabbling with the idea of getting on the cryptocurrency bandwagon, Wells Fargo has filed documents with the US Securities and Exchange Commission to launch a designated Bitcoin fund. According to the filing with the Commission, the US financial institution has partnered with FS Investments and New York Digital Investment Group (NYDIG) for the initiative. The name of the product will be FS NYDIG Bitcoin Fund I, LP. While previous speculations indicated that...