Tag Archives: United States

The move has been seen as extremely positive for the crypto industry as her nickname is ‘crypto mom’. The Senate Banking Committee cleared Peirce’s nomination on Wednesday, extending her term until 2025.Pro Crypto SEC CommissionerPeirce is very pro-crypto and fintech innovation, commenting last month that it is “going to be here to stay and I would like us to set up a regulatory framework that works well for crypto”. She has also stated that she wants to try to work on the Commission’s...

The United States Department of Justice (DOJ) has filed a complaint against an alleged cryptocurrency Ponzi scheme to forfeit over $7 million in Bitcoin and Tether.The administrator of the scam called the “Banana Fund” has used some of the raised funds for personal benefits, including purchasing a house.DOJ Against Banana Fund Ponzi SchemeAccording to the official complaint, the administrator of the alleged scam marketed the company to potential investors as a platform for startups to post...

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it...

Yesterday, Goldman Sachs warned that the US Dollar stands a severe risk of losing its status as the world’s reserve currency. This comes amid rising concerns regarding inflation in the United States. Will this lead to Bitcoin price rallying further in the near future?The Demise of the Dollar’s Dominance is Near: Goldman SachsAs per a Bloomberg article, US-based investment banking giant Goldman Sachs, in a report, has issued a stark warning about the US Dollar. It said that the greenback is in...

With gold setting a new all-time high (ATH) and Bitcoin (BTC) surging past $11,000 for the first time in over 11 months, market observers say investors are focusing on haven assets while governments prepare for another round of economic stimulus activities. Market Uncertainty Acting as Tail Winds for Bitcoin and Gold As of the time of writing, Bitcoin — the largest crypto by market capitalization — has set a new 2020 price high, and gold broke its all-time high. Much of the recent price...

Bitcoin used to show a higher correlation to the stock markets, especially amid the lowest point of the pandemic. However, it has taken a different route during the last few days.Bitcoin-S&P 500 Correlation Departs from ATHTypically, Bitcoin is regarded as an independent asset that often acts as a safe haven. Its fundamentals are different from those driving the stock market. Nevertheless, the oldest cryptocurrency was caught following the American flagship index known as the S&P 500...

Rich Dad, Poor Dad author Robert Kiyosaki doubled-down on his vision that Bitcoin has the same role among young people as gold has among the elderly. He also noted that BTC and precious metals “make people smarter, richer, and stronger against Fed.”Bitcoin Will Make You Smarter And Richer: KiyosakiThe author of the New York Best Seller book Rich Dad, Poor Dad, took to Twitter his opinion about Bitcoin, gold, and silver.BITCOIN educates young. Most gold guys old. Bitcoin informing new...

A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform.U.S. Court Regards Bitcoin as Money in Charges Against Helix OperatorIn the U.S., financial regulators have used to debate over the status of Bitcoin as a commodity or security. A federal court set a precedent when it called Bitcoin...

This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value.While this may not sound like a lot for a whole week of trading, it’s important to remember that in the days before that, BTC was pretty much stuck in a $200 range. The tightening of the Bollinger Bands, however, played out, and the price took a turn for the best.Bitcoin is...

Anthony Ghosn, the son of former Nissan boss Carlos Ghosn, revealed to prosecutors that he paid about $500,000 in cryptocurrency to one of the two men who helped Carlos break free from Japan.Carlos Ghosn’s Son Transferred Half a Million in Cryptocurrency Through CoinbaseAccording to Reuters, US prosecutors said in a court filing that Carlos Ghosn’s son paid about half a million dollars to one of the Massachusetts men responsible for the escape of the former Nissan chairman.At the end of last...