United States Financial News

04.08 / 16:33

Law regulation SEC coinbase Court 'The SEC has violated due process' — Coinbase CLO on motion to dismiss lawsuit

United States-based cryptocurrency exchange Coinbase has filed a motion to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.

04.08 / 16:33

business Bankruptcy Core Scientific appoints Adam Sullivan as CEO amid restructuring process

Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board.

04.08 / 06:35

Bitcoin Bitcoin Price ad ‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video

United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new "cringe" video advertising merchandise for his reelection campaign.

04.08 / 04:13

business Ethereum Adoption SEC Ether ETF Ether ETF applications flood the SEC as ProShares files the 11th

The United States Securities and Exchange Commission has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week.

03.08 / 16:35

Hackers regulation Bitfinex crimes Court Money laundering Individual charged with money laundering admits to hacking Bitfinex in 2016: Report

One half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack.

03.08 / 05:49

Law regulation IRS Taxes Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”

02.08 / 22:31

business Robinhood Investments Robinhood turns profitable in Q2, but crypto revenue declines

Robinhood released its second-quarter results, achieving profitability for the first time since becoming a public company, despite a drop in revenue in the second quarter of 2023.

02.08 / 18:03

Law Binance regulation crimes US DoJ US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report

The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers.

02.08 / 03:31

business MicroStrategy Bitcoin Bitcoin Price Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin

United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC).

02.08 / 02:17

business Law regulation FTX Court Bankruptcy exit creditors FTX creditors FTX creditors unimpressed with exchange's bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

01.08 / 21:41

regulation Bankruptcy hedge fund 3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.

01.08 / 20:37

business Bankruptcy Customers Voyager customers targeted by scammers during 30-day withdrawal period: Report

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added.

01.08 / 19:01

Bitcoin expansion Genesis Digital Assets opens three new facilities in South Carolina in US expansion

Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the American state of South Carolina. The facilities came online in February and March.

01.08 / 15:41

regulation FTX Court Terra Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).

01.08 / 13:19

business Adoption awards AI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.

Using artificial intelligence (AI) in creative industries is not an entirely new phenomenon. Whether in color-correcting images or cleaning up vocals, the technology has been deployed for years.

31.07 / 21:27

Government regulation Elections end Republican candidate wants to end President Biden's supposed 'war on Bitcoin' if elected

Florida Governor Ron DeSantis pushed a platform based partly on “economic independence" in his 2024 presidential campaign, specifically calling out policy on digital currencies.

31.07 / 20:05

Binance CFTC regulation SEC First major success in US Congress for two crypto bills: Law Decoded

Last week, the United States took a step closer to regulatory clarity for its crypto industry. In a 35–15 vote, the House Financial Services Committee (FSC) approved the Financial Innovation and Technology for the 21st Century Act. The bill is intended to establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

31.07 / 14:57

Law regulation SEC Court SEC files complaint against HEX founder for allegedly offering unregistered securities

The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens.

30.07 / 07:29

Blockchain Law regulation FTX bail Leak DOJ seeks SBF's bail revocation over tampering, diary leak allegations

In a letter to Judge Lewis Kaplan, the United States Department of Justice (DOJ) sought the revocation of Sam Bankman-Fried's (SBF) bail, accusing him of attempting to tamper with witnesses, including leaking his ex-girlfriend's diary entries to the New York Times (NYT). These actions, connected to the FTX case, have raised concerns about witness interference.

30.07 / 06:53

Twitter movie MicroStrategy interview YouTube Bitcoin Crypto community reacts to Barbie star saying Bitcoin talk exudes Ken energy

Australian actress Margot Robbie, who is playing the lead in the new Barbie movie, has caused quite a stir within the crypto community after stating that simply talking about Bitcoin (BTC) gives off Ken vibes.

30.07 / 03:03

Adoption Ripple Report Africa Survey Middle east Financial Blockchain will save financial institutions $10B by 2030: Ripple

Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.

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