Tag Archives: United States

Founded in 1851, The Massachusetts Mutual Life Insurance Company is a US-based mutual firm with over five million clients. The Springfield, Massachusetts-headquartered giant is the latest traditional financial company that has allocated sizeable portions in the primary cryptocurrency.The Wall Street Journal reported earlier today that the insurance company had purchased $100 million in bitcoin for its general investment account.MassMutual employed the services of the New York-based fund...

The US Department of Justice announced that the founder of the Oyster Pearl cryptocurrency project, Amir Bruno Elmaani, has been charged with operating a tax evasion scheme for millions of dollars and was arrested. The 28-year old Elmaani is charged with two counts of tax evasion, each carrying up to five years in prison.Oyster Pearl Founder Charged And ArrestedThe protocol, launched several years ago, was advertised as a digital data-storage platform employing the IOTA blockchain to store...

The US-based cryptocurrency lending company BlockFi has partnered with the American multinational financial services corporation Visa to bring Bitcoin to the masses.Bloomberg reported that the two US companies will offer a credit card that rewards clients’ purchases with the primary cryptocurrency, instead of traditional options such as cash and airline miles.Dubbed the Bitcoin Rewards Credit Card, it will allow customers to receive 1.5% of their purchases back in BTC. Should the user spend...

NYDIG, the cryptocurrency asset management company, has raised $100 million from a single investor. The firm collected the amount during its newly-announced fund Digital Assets Fund II, after the previous fundraising project, named Digital Assets Fund I.$150M In Just Two Crypto Investment FundsAccording to officially published documents filed with the U.S. Securities and Exchange Commission, the New York-based digital asset firm revealed that it raised $100 million from only one investor on...

The U.S. Department of Justice (DoJ) has extradited a principal member of a fraudulent cryptocurrency mining and trading platform from Panama to the United States.AirBit Club Co-founder to Face Criminal Charges in the U.S.According to an announcement by the acting U.S. attorney for the Southern District of New York, Audrey Strauss, U.S. authorities were able to extradite Gutemberg Dos Santos, co-founder of crypto Ponzi scheme AirBit Club.Dos Santos, who holds dual citizenship from Brazil and...

The leading US-based cryptocurrency exchange Coinbase assisted in MicroStrategy’s massive purchase of $425 million worth of BTC. The platform pledged to help other large firms diversify their portfolios with bitcoin in the future as well.Coinbase Involved In MicroStrategy’s BTC PurchaseThe NASDAQ-listed business intelligence firm made the news on two occasions earlier this year as it announced the total purchase of 38,250 bitcoins. At the time, this sizeable amount equaled about $425...

Guggenheim Partners is among the largest investment and advisory financial services companies. The Wall Street giant filed a document with the US Securities Exchange Commission (SEC) to enable one of its funds, dubbed the Macro Opportunities Fund, to allocate millions of dollars in bitcoin.According to the filing, the Fund plans to spend 10% of its net assets on bitcoin through the leading cryptocurrency manager – Grayscale.“The Guggenheim Macro Opportunities Fund may seek investment exposure...

Bitcoin has a way of surprising people. This week was no exception. A few days ago, almost everyone believed that the cryptocurrency is inevitably headed to a new all-time high. And how could they not? BTC was trading at a few hundred USD below the record from back in 2017. Unfortunately, things took a turn for the worst.Yesterday was undoubtedly a bad day for bitcoin as it plunged a total of around $3,000 in less than 24 hours. From a high of about $19,500 down to $16,200, the bears poked...

Coinbase’s CEO Brian Armstrong has sent a letter to the US Treasury Secretary Steven Mnuchin regarding new rumored regulations on self-hosted cryptocurrency wallets. Armstrong believes that if implemented, the new legislation could harm users and, ultimately, the role of the US in the cryptocurrency financial field.New Regulations On Self-Hosted Crypto Wallets?The CEO of the largest US-based digital asset exchange took it to Twitter to outline the potential importance of these regulations if...

With China making significant strides in crypto and blockchain development, the US Intelligence apparatus is reportedly worried about the US falling far behind its current economic rival.From crypto mining to central bank digital currencies (CBDCs), there is a popular narrative that Beijing controls vast swaths of the emerging digital economic landscape. A dismissal of the value proposition of digital assets has seen the US seemingly far behind the curve in terms of crypto innovation.Crypto...