Tag Archives: United States

The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on the Chicago Mercantile Exchange under the 1940 Investment Company Act. He disclosed that the Investment Act of 1940...

A few months after hinting that Miami residents could soon be able to pay their taxes with bitcoin, the city’s mayor – Francis Suarez – said the process has begun as his team will issue the request in October. Separately, Suarez also touched upon the most recent actions undertaken by the Chinese government, adding that the US could take advantage of this “huge mistake.” Miami Citizens to Pay Taxes in BTC? Being a BTC and ETH holder for a while, Francis Suarez has become one...

Coinbase, the leading cryptocurrency exchange in the United States, announced a few hours ago that american citizens will be able to automatically receive their paycheck in crypto. The new “Get Paid in Crypto” service will allow cryptocurrency enthusiasts to directly receive their paycheck in Bitcoin, Ethereum, or any of the 100+ cryptocurrencies available on Coinbase with little to no effort. Users also have the option to receive payments in U.S. Dollars directly to their...

Following today’s events, Senator Pat Toomey says that the ongoing cryptocurrency crackdown in China is a considerable opportunity for the United States. Earlier today, reports revealed further regulatory pressure on cryptocurrencies in China. This time, the country seems to target mining and trading. Although not many of it was new, the announcement triggered a market-wide pullback, sending Bitcoin down to slightly above $40K. Senator Pat Toomey, representing the state of...

Riccardo Spagni, the former Monero lead maintainer who was recently arrested for charges unrelated to the privacy token, has reported that US officials have released him from custody. CryptoPotato reported in early August when Spagni was arrested for alleged fraud committed between 2009 and 2011. The reports indicated that his crimes had nothing to do with his work for the popular privacy coin Monero, as they were dated long before the inception of the network. Instead, his...

The United States Department of the Treasury plans to penalize cryptocurrency exchanges that assist in ransomware attacks. The first such sanctioned company would reportedly be the Czech Republic-based trading venue – Suex. Suex to Face Sanctions According to a recent report, Deputy Treasury Secretary Wally Adeyemo alleged Suex of facilitating operations involving “illicit proceeds from at least eight ransomware variants.” On top of that, he added that 40% of the exchange’s...

The financial world is watching Evergrande and what’s going on in China closely, as this has been undoubtedly the headliner for the past couple of weeks. Today, global markets tumbled as Evergrande stock price lost another 10%, sending Bitcoin well into the red with a decrease of around 8% in the past 24 hours alone. But is the pain over? Evergrande – Chinese Real Estate Behemoth Sags Evergrande managed to become one of the leading companies in China when it comes to real...

As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas. Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added. The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and...

Several US state regulators have gone after the popular cryptocurrency lender Celsius Network for failing to comply with local securities laws. The project’s CEO was quick to refute the allegations, promising that all protocol services will remain unaffected for now. US State Regulators After Celsius United States watchdogs have intensified their actions against the cryptocurrency industry lately, and the latest example became known on Friday. Firstly, the Texas State...

Coinbase and the U.S. Homeland Security have struck a million-dollar deal to allow the U.S. government to use the exchange’s services to analyze American citizens’ data. According to official documents, The Immigration and Customs Enforcement (ICE) – a branch of the U.S. Homeland Security Dept. dedicated to cross-border crime and illegal immigration – paid Coinbase $1.36 million in licensing fees for Coinbase Analytics software. Pay to Trace, Pay to Tell This would be the...