Tag Archives: United States

The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price surged with about 165% in 60 days. However, immediately after the pattern emerged, Bitcoin went through one of its worst hourly declines ever. After plunging to about...

As of Monday, February 17th, 2020, U.S. presidential candidate, Micheal Bloomberg, and his campaign team have published a formal financial reform plan, aimed at strengthening the U.S. economy and helping it recover from the “the damage Trump has done” following the financial crisis of 2008.Amongst dozens of other financial recommendations, the formal proposal also included the mention of creating a “clear regulatory framework for cryptocurrencies.” According to Bloomberg, “Cryptocurrencies...

More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). The procedure will happen with sealed bids where the highest bidder gets the bitcoins. All of the bitcoins included in the auction have been forfeited in different federal criminal, administrative, and civil cases.$40 Million Worth of BTC To Be Auctioned TodayThe US Marshal Service will carry out a sealed bid auction for around 4041 BTC later today. The amount, at current BTC rates, equals a little less...

“It was the intelligence coup of the century.” That’s the assessment of the CIA in a classified report obtained earlier this month by an investigation of the Washington Post. The Post made stunning revelations in a report headlined, “How the CIA used Crypto AG encryption devices to spy on countries for decades.” Crypto AG was a Swiss encryption company. It made millions of dollars since World War II selling encryption devices. The governments of over 120 countries bought Crypto’s devices well...

When it comes to investments, especially in cryptocurrencies, the United States authorities are very strict in protecting investors from risks and losses. For this reason, crypto companies often exclude US residents from their offerings due to strict regulatory policies Although no laws are banning Americans from using margin trading, the regulations remain unclear. Thus, to avoid breaching any of these rules, exchanges like Binance don’t offer leverage services to users in the US, leaving...

Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities.FinCEN To Apply New RequirementsYesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many different financial issues, the discussion also touched on cryptocurrencies and their role in the U.S. market.The...

Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing results, he felt convinced that they wouldn’t win the race, thus deciding to end his campaign in advance.Yang Drops Out Of the 2020 Presidential RaceAndrew Yang is an American author, lawyer, and entrepreneur, who was also running for the presidential seat in the upcoming 2020 elections. Speaking in New Hampshire earlier today,...

SEC Commissioner Hester Peirce has publicly announced her proposal for a safe harbor for cryptocurrency token sales within the United States.Often referred to as “Crypto Mom”, Hester Peirce was first appointed to the U.S. Securities and Exchange Commission in early 2018 and has been a strong advocate for crypto ever since. And while this isn’t the first time that she has spoken up about creating a safe harbor for crypto, today’s announcement is the first formal attempt at creating the...

The Iowa Caucuses this year were an absolute catastrophe. The New York Times called it “a systemwide disaster.” The Politico hailed “The Death of Iowa” (as the first-in-the-nation nominating event). CNN said, “The Iowa caucuses just died forever.” Their credibility is undoubtedly in question. But it wasn’t the people of Iowa who failed. A buggy failed app was at the center of the complete and total meltdown of the voting process. And a shadowy political consulting firm that designed...

The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Fed’s Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency.The U.S. Contemplating A CBDCAs reported by Reuters, Federal Reserve Governor Lael Brainard recently mentioned the country’s potential involvement in central bank digital currencies,...