Area District Of Columbia Financial News

08.02 / 12:47

Fighting Fed’s Jerome Powell Braces for Longer Inflation Fight Amid Hiring Surge

Federal Reserve Chair Jerome Powell said the labor market’s surprising strength underscores why bringing inflation down will take longer and require higher interest rates than many investors have been anticipating.

08.02 / 06:35

Ethereum BTC Progressive CEO CoinMarketCap Remark Bitcoin Bitcoin Price Prediction as BTC Sees $30 Billion Trading Volume Come In – How High Can BTC Go?

Bitcoin, the world's largest cryptocurrency by market capitalization, has seen a surge in trading volume over the past few months, with more than $30 billion worth of bitcoin traded daily. This has led many investors and traders to question where the price of bitcoin is headed and what the future holds for this highly volatile asset.

07.02 / 21:11

Target Remark Fed Chief Powell says the disinflationary process has begun, but has a long way to go

Federal Reserve Chairman Jerome Powell said Wednesday that inflation is beginning to ease though he expects it to be a long process.

01.02 / 00:47

regulation proof-of-work Energy Consumption lawmakers US lawmakers Bitcoin mining advocate is going state-to-state to educate US lawmakers

Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.

31.01 / 01:19

business ETF Grayscale Digital Currency Group GBTC ETF approval Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin (BTC) exchange-traded fund (ETF) it is seeking to create.

25.01 / 04:11

business regulation SEC Grayscale Court GBTC Bitcoin Court to hear oral arguments in Grayscale’s lawsuit against the SEC in March

A United States appeals court is set to hear the oral arguments relating to Grayscale Investment’s lawsuit against the Securities and Exchange Commission (SEC) over its decision to deny Grayscale’s Bitcoin (BTC) spot exchange-traded fund (ETF).

14.01 / 01:25

regulation SEC GBTC Grayscale files brief in ETF suit against SEC, oral arguments may come within months

Grayscale filed a reply brief in its appeal of the United States Securities and Exchange Commission (SEC) denial of its application to convert its $12-billion Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin (BTC) exchange-traded fund (ETF). The brief, filed in the District of Columbia Circuit Court, addressed points made in the SEC reply brief filed in December and restated its own arguments.

23.12 / 09:17

Blockchain regulation SEC exchanges Reserve Be ‘very wary’ of crypto proof-of-reserve audits: SEC official

A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.”

13.12 / 14:57

Law ETF SEC security Grayscale Bitcoin ETF SEC looks to intercept Grayscale Bitcoin ETF review bid

The United States Securities and Exchange Commission (SEC) is taking further steps to stop Grayscale Investments’ efforts to launch a Bitcoin (BTC) exchange-traded fund (ETF). Grayscale began its legal challenge of the SEC’s denial order of the proposed investment product in June 2022.

11.12 / 22:41

European Union Football Military Lockerbie bombing suspect in US custody

A Libyan man suspected of being involved in the Lockerbie bombing has been taken into custody by the United States, Scottish authorities said on Sunday.

02.11 / 12:59

Adoption Payments MoneyGram network services Leading Global Payments Network MoneyGram to Offer Cryptocurrency Services

Global payments company MoneyGram has announced that US users can now use its platform to buy, sell, and hold some major cryptocurrencies.

01.11 / 20:53

business Blockchain Adoption Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app

Global digital peer-to-peer (P2P) payments company MoneyGram has announced on Nov. 1 that users in nearly all U.S. states and the District of Columbia, can buy, sell, and hold cryptocurrency; specifically, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), via its MoneyGram mobile app.

05.10 / 07:13

UPS cryptocurrency World News Bitcoin Millions in cryptocurrency vanished as agents watched helplessly

Gary Harmon grinned as he lounged in a bathtub full of dollar bills surrounded by scantily clad women. The moment, captured in a photo on his cellphone, could be part of his undoing. To US prosecutors, it’s evidence that he suddenly came into a lot of money.

27.09 / 11:52

World Bank Cuts China Growth Forecast as Covid-19, Real-Estate Crunch Take Toll

SINGAPORE—The World Bank said it expects developing economies in East Asia to grow faster than China this year for the first time since 1990, as the world’s second-largest economy struggles with a real-estate crunch and the government’s zero-tolerance approach to Covid-19.

20.09 / 16:17

business MicroStrategy Bitcoin Wallet Bitcoin Michael Saylor can’t stop: MicroStrategy now holds 130,000 Bitcoin

MicroStrategy owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company had bought another 301 Bitcoin for roughly $6 million, at an average price of ~$19,851 per BTC.

08.09 / 18:37

cryptocurrency crypto market Agency Crypto intermediaries should register with US SEC, agency chair says

Companies that help facilitate transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC) just like other market intermediaries, the agency's chair said on Thursday.

01.09 / 23:15

markets Government Adoption Michael Saylor got wrecked, but Bitcoin investors needn't panic

As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.

01.09 / 10:39

MicroStrategy Legal Tax MicroStrategy Calls D.C. ‘Tax Fraud’ Lawsuit ‘False’ and Says it Will Fight Back ‘Aggressively’

01.09 / 09:32

Software MicroStrategy fraud case MicroStrategy’s Michael Saylor faces tax fraud case in Washington

The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intelligence firm MicroStrategy, alleging he dodged more than $25m in district taxes.

31.08 / 21:45

Law regulation Bitcoin tax evasion DC Attorney General sues Michael Saylor and MicroStrategy for tax evasion

Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office will be suing business intelligence firm MicroStrategy and its co-founder Michael Saylor for charges related to tax evasion.

18.08 / 01:05

Provident regulation Action Crypto Companies Senator asks FDIC about allegations it discourages bank relations with crypto companies

Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whistleblower concerning FDIC activities. The senator suspects the FDIC “may be improperly taking action to deter banks from doing business with lawful cryptocurrency-related (crypto-related) companies.”

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