United States Financial News

04.02 / 17:19

business Government Law us government Taxes Bitcoin strategies Tax strategies allow crypto investors to offset losses

2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.

13.07 / 08:10

crypto regulation Bitcoin Republican National Committee Pro-Bitcoin Platform Likely Influenced By State Policy

The Republican National Committee (RNC) in the United States passed on July 8 a draft of a policy platform that advocates for cryptocurrency adoption and Bitcoin mining.

13.07 / 06:10

blockchain security firm US Senate Suggests Blockchain to Test National Security Application

The US Senate Committee on Armed Services tasked Secretary of Defense Retired General Lloyd Austin on July 9 with exploring the potential applications of blockchain technology for enhancing supply chain management and other national security functions within the US Department of Defense (DOD).

12.07 / 21:19

crypto regulation Tech Coalition Encourages Joe Biden to Support Crypto Regulation

A leading tech coalition, the Chamber of Progress, urged President Joe Biden in a July 9 letter to endorse comprehensive crypto regulation, as the need to engage young voters in the election is becoming more evident.

26.06 / 11:41

markets Blockchain UPS Digital regulation guidelines Global DCA Introduces Subcommittee To Propose Disclosure Framework For Crypto

The Global Digital Asset and Cryptocurrency Association (DCA) has established a new steering subcommittee to develop a disclosure framework for digital assets.

25.06 / 19:31

crypto mining Bitcoin Miner Bitcoin Mining Isn’t To Blame For Increasing Texas Power Demand

Everything is bigger in Texas, including the Bitcoin mining industry . The Lone Star State has grown to become one of the largest Bitcoin mining hubs in the world.

07.06 / 16:51

Web3 Consensus Consensus 2024: Crypto, Politics And More

Thousands of people in the cryptocurrency community gathered in Austin, Texas last week to attend Consensus 2024. The annual blockchain conference hosted by CoinDesk attracted 15,000 attendees, up from last year’s 10,000.

21.05 / 22:59

Ripple SEC SEC Files Opposition To Ripple’s Latest Motion

The US Securities and Exchange Commission (SEC) filed a response to Ripple’s motion application to seal and redact the company’s business details in the parties’ briefings on remedies on Tuesday.

16.05 / 21:13

Action Election Bill country recommendations US Senators Propose $32 Billion Investment Plan to Boost AI and Tech Growth

A bipartisan group of four senators urged Congress to take bold, decisive action to secure American leadership in the artificial intelligence (AI) sector on May 15.

13.05 / 18:08

Uniswap Founder Wants A Reversal To Biden’s Position On Crypto: Here’s Why

President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls.

02.05 / 19:17

OFAC Crypto Addresses US Imposes Sanctions on Crypto Addresses Linked to Russian Drone Maker

The US Treasury’s Office of Foreign Assets Control (OFAC) took action against a developer at OKO Design Bureau on May 1, a Russia-based drone maker. OFAC sanctioned the developer and added three crypto addresses associated with the firm to the Specially Designated Nationals (SDN) list.

02.05 / 12:33

FBI FBI Busts $43M Crypto and Las Vegas Hospitality Ponzi Scheme

The FBI arrested New York resident Idin Dalpour for defrauding investors of $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation.

30.04 / 14:21

Crypto Crime India and US Team Up To Tackle $360M Crypto-Funded Drug Ring

Authorities from India and the US teamed up in a search operation in Uttarakhand to uncover a $360 million crypto-funded drug ring.

27.04 / 01:29

Stablecoin stablecoin regulation Data Indicates Stablecoins Are Becoming A Global Asset Class

Stablecoin adoption is increasing rapidly. Data from research firm rwa.xyz shows the number of addresses holding both dollar and crypto-pegged stablecoins has increased by 15% in 2024, which is the highest to date.

23.04 / 10:06

Cardano Robert F. Kennedy Jr Wants to Move US Budget Management to the Blockchain

Presidential candidate Robert F. Kennedy Jr. is committed to transforming the US budget system by adopting blockchain technology. He revealed his plans during a campaign rally in Michigan on April 21, where he explained that the shift would enable Americans to access “every budget item anytime they want, 24 hours a day.”

15.04 / 08:51

IRS Tax tax evasion IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year

Guy Ficco, the Criminal Investigation Chief at Internal Revenue Service (IRS), has indicated the agency is bracing for a significant increase in cases of crypto-related tax evasion this tax season.

09.04 / 20:25

coinbase Coinbase Legal Chief Pushes For Stablecoin Regulation

Coinbase legal chief Paul Grewal urged the United States Congress on April 9 to swiftly enact stablecoin legislation to counter the illicit use of crypto. The executive’s plea comes ahead of the April 10 Senate Banking trial on countering illicit finance, terrorism, and sanctions evasion.

28.03 / 10:13

hamas Crypto Addresses Hamas-linked Crypto Addresses of Gaza Now Jointly Sanctioned by US, UK

Both the US and the UK foreign sanctions bodies have targeted online media outlet Gaza Now for aiding Hamas fundraise $21,000 in crypto.

14.03 / 21:09

Adoption Bitcoin Institutional Interest for Bitcoin Rises, Yet Challenges May Hamper Future Adoption

Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs).

13.03 / 21:02

coinbase Bitcoin Coinbase CEO: Adopting Bitcoin Is A Return To The Gold Standard

Coinbase CEO Brian Armstrong suggested on March 12 that widespread Bitcoin adoption could mirror a return to the gold standard, potentially stabilizing the U.S. economy in the face of escalating national debt.

12.03 / 21:27

Fox Align Election community cryptocurrency industry Interviews Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst

On March 11, FOX Business analyst Eleanor Terrett noted that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near. She noted the increasing influence of crypto advocacy groups like Coinbase’s “Stand With Crypto Alliance” which boasts over 310,000 members.

12.03 / 10:27

SEC Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity

Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking a court directive for the regulatory authority to establish clear guidelines for the cryptocurrency sector.

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