Tag Archives: United States

In a somewhat unexpected turn of events, the United States Commodities and Futures Trading Commission has pressed charges against the owner-operators of BitMEX for illegally running a cryptocurrency exchange and failing to comply with anti-money laundering regulations.As CryptoPotato reported earlier today, this had an immediate impact on Bitcoin’s price, which dropped by as much as around $400 following the news.Now, BitMEX has posted an official announcement with a brief comment on the...

In a recent tweet, the popular Bitcoin proponent and permabull Mike Novogratz explained the reasons for which he got into it.He also said that if BTC’s price reached $100,000, he would donate most of his profits to charity.Mike Novogratz and Why He Got into Crypto and BitcoinOne of the things that make the cryptocurrency field so interesting is the different intent of the people in it. Some are in for the gains, some are in for the technology, while others base their merits on concepts, far...

A UK national has pled guilty and will be sent to prison for his involvement in the notorious hacker’s group “The Dark Overlord.” The organization breached and stole sensitive information from numerous companies and demanded the ransoms to be paid in Bitcoin.The Dark Overlord Member ImprisonedThe US Department of Justice announced yesterday that Nathan Wyatt, 39, has pled guilty to conspiring to commit aggravated identity theft and computer fraud. Consequently, he received a sentence to five...

The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry.Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by the US dollar or fiat currency of any other nation.US Banks Allowed To Hold Reserve Funds For Stablecoin IssuersOn Monday,...

The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market.Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push higher over the weekend hasn’t done DeFi tokens any favors.The cryptocurrency market is rapidly losing valuation today. Source: Coin360Where...

The United States appears to be angry with crypto hackers as of late, and the country is making it clear that it’s not going to put up with bad actors anymore. The U.S. is presently accusing two Russian hackers of making off with roughly $17 million in assorted crypto units. The accusations come from the Justice, State and Treasury Departments.The United States Will Not Put Up with Crypto TheftThe Treasury has identified two individuals allegedly involved in the scheme. They are Danil...

The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken.In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report.This means that the exchange will get access to the existing federal payments infrastructure.It will also allow Kraken to further integrate funding and banking options to its clients, said the managing...

Three to five countries will completely replace their currency with a central bank digital currency by 2030, argued a recent report by a German-based fintech think tank.The document also warned that if the European Central Bank doesn’t accelerate its CBDC endeavors, the digital Yuan will overtake it but won’t disrupt the Dollar’s dominance.Countries To Fully Implement CBDCsThe European think tank focusing on fintech and blockchain research dGen published a study on the potential impact of...

In terms of sheer price action, this week was rather sloppy. Bitcoin was trading at around $10,400 seven days ago, and it’s now indecisive around $10,300.During the week, things did get slightly more tumultuous as BTC dipped below $10K on a few occasions, reaching as low as about $9,800 on Binance. Many thought that this is when it would close the outstanding CME gap at $9,600, but Bitcoin recovered and remains largely indecisive.It’s worth noting, though, that the primary cryptocurrency is...

The Internal Revenue Service (IRS) wants in on activities happening on Monero and Bitcoin’s Lightning Network. That’s why the Federal organization is inviting applications with demonstrated working prototypes that can break into the privacy coin network and trace transactions on BTC’s layer two chain. IRS will offer $625,000 for the same.IRS Will Fund Monero, And Bitcoin Lightning Network Cracking PrototypeIn an announcement dated September 4, the Internal Revenue Service, Criminal...