Tag Archives: United States

The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze the assets of the Freedom Convoy protesters. Communists Don’t Like BTC Because They Can’t Supervise It The 51-year-old member of the Republican party...

Huobi – a former Chinese crypto exchange – wants to re-establish itself in the United States as an asset manager after ceasing operations in the region in 2019. The company expects asset management to be “a bigger business” than the exchange approach. Return of Huobi Company co-founder Du Jun revealed Huobi’s new plans in an interview with CNBC on Monday. He said that the exchange initially left the US market due to a lack of commitment and a poor management team in the...

The President of the USA – Joe Biden – will reportedly introduce an executive order directing government agencies to study the specifics of the cryptocurrency industry. Keeping in mind that the leader has imposed numerous regulations since the start of his presidency reign, he is expected to urge for establishing rules in the digital asset space, too. The forthcoming directive should come sometime next week as it will also focus on central bank digital currencies. What to...

Josh Gottheimer – a member of the Democratic Party – revealed an early draft of legislation regarding stablecoins. Many critics claim that such financial assets undermine the monetary network and are often used by bad actors in criminal activities. Enhanced Rules for Stablecoins Over the last couple of years, some stablecoins such as Tether and USD Coin have become some of the largest digital assets by market capitalization, utilized by countless traders. Those two have a...

Digital asset platform Bakkt Holdings has teamed up with Valliant Bank, an institution that provides financial services, to bring a seamless crypto experience to the bank’s customers. According to a press release on Monday (February 14, 2022), Valliant Bank would enable customers to easily buy, sell, and hold bitcoin (BTC), ether (ETH), and other altcoins within the bank’s digital banking infrastructure via the Bakkt crypto connect solution. Bakkt’s program, which is...

Popular Canadian rapper Aubrey Drake Graham, also known mononymously as Drake, made a massive bitcoin bet on Sunday’s Super Bowl Game between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. Drake took a snapshot of his bet and posted it on Instagram for his over 100 million followers, with the caption “All bets are in on the family.” The rapper’s wager was a total of $1.26 million in bitcoin, which was made via Stake, a cryptocurrency sports betting platform. Drake...

Crypto.com has made a new move in its aggressive sports marketing campaign, partnering once again with Formula 1 to become the official title partner of the new Formula 1 Crypto.com Miami Grand Prix. The announcement comes just days before the airing of the Super Bowl LVI, the most watched sporting event in the United States, in which the exchange bought a spot to air an ad that could be seen by at least 96.4 million people – if last year’s figures are repeated, which by the...

The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital of The US? Up until last year, things were not looking so positive for cryptocurrency miners who wanted to position their businesses...

Sam Bankman-Fried’s cryptocurrency exchange, FTX, announced that it will give away free Bitcoin to its fans as part of an advertising campaign during Super Bowl LVI on February 13. The campaign is part of an effort by FTX to gain a more significant brand presence in the more mainstream audience of sports fans – especially considering that the Super Bowl is the most watched sports event in the United States. The Right Time Sam Bankman-Fried is an expert in aggressive and...

The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the performance of the Bloomberg Grayscale Future of Finance Index. The statement dated February 2nd informed that the new product’s ticker will be GFOF. It will aim to build “upon the thesis that the digital economy will boost global commerce, drive market efficiencies, and provide...