United States Financial News
24.05 / 07:17
Blockchain
CBDC
Adoption
regulation
Research
CBDCs on the horizon: The current state of CBDC initiatives around the world
Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology.
21.05 / 17:15
business
Government
regulation
us government
Taxes
Deal
Biden won't accept debt deal protecting crypto traders — G7
United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans' proposed terms as "unacceptable" during a press conference.
21.05 / 07:03
Law
NFT
regulation
Tokens
Court
settlement
Influencer
Influencer served settlement demand via NFT, following $7M token presale
A nonfungible token (NFT) influencer got served with a settlement demand via NFT, which casually dropped the "F bomb" several times and alleged the influencer engaged in wire fraud "at a minimum" on a recent $7 million token presale.
21.05 / 06:55
Adoption
Donations
Bitcoin
Elections
Ramaswamy
US Presidential
US Presidential candidate Vivek Ramaswamy to accept Bitcoin for campaign donations
Vivek Ramaswamy becomes the second Presidential candidate in the United States to officially accept Bitcoin (BTC) donations for the upcoming 2024 elections.
21.05 / 05:01
Adoption
interview
Bitcoin
Bitcoin Price
end
Bitcoin set to 'tick, tick, tick' by the end of 2023: DeFi exec
Bitcoin (BTC) is poised to claim the cryptocurrency throne by the end of 2023, as its superiority “is going to be clear” in every aspect, according to Fedi’s CEO.
19.05 / 18:33
Government
Blockchain
regulation
Bitcoin Regulation
Bitcoin
Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis
U.S. Republican Sen. Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of Chamber of Digital Commerce Perianne Boring during the Bitcoin 2023 event in Miami on May 19.
19.05 / 17:19
markets
bonds
Bitcoin
Dollar
National Debt
U.S. debt ceiling crisis: bullish or bearish for Bitcoin?
The United States has hit its $31.4 trillion debt ceiling and is now running out of money.
19.05 / 10:47
Stablecoin
Tether
coinbase
European Union
IMF
Usd Coin
Future
Stablecoin survival: Navigating the future amid global de-dollarization
It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded?
19.05 / 08:39
business
regulation
Senate
Reserve
Texas proof-of-reserve bill passes through the Senate
The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill passed through a Senate vote and now awaits only the state governor's signature.
19.05 / 07:29
regulation
security
Derivatives
Bitcoin Regulation
TradFi
Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO
Crypto needs to establish itself as a “brand new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global.
19.05 / 04:59
Law
regulation
Trading
Fraud
Bitcoin
Coin Cafe ordered to repay $4.3M in fees that ‘wiped out’ investors’ Bitcoin accounts
Cryptocurrency trading platform Coin Cafe has been ordered to repay $4.3 million to its users after allegedly charging “exorbitant and undisclosed fees" for storing Bitcoin on the platform — leading to some accounts being drained entirely of its funds.
18.05 / 21:07
Adoption
Latin America
inflation
Bitcoin
NOT
Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023
Mass crypto adoption is already taking place around the world, but not in the United States or Europe, nor does it have Bitcoin as a flagship asset for mainstream acceptance. According to Daniel Fogg of smart contract platform Rootstock, the increase in adoption is instead ongoing in emerging markets, where cryptocurrencies are offering solutions to people’s everyday problems.
18.05 / 19:53
business
Government
Law
defi
regulation
Bitcoin
Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators
A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”
17.05 / 19:13
NFT
Bitcoin
US Secret Service has an NFT collection: Nifty Newsletter, May 10–16
In this week’s newsletter, read about the United States Secret Service’s nonfungible token (NFT) collection, and how Elon Musk’s tweet caused a surge in an NFT collection’s floor price. Check out how someone tried to sell an image for Bitcoin (BTC) months before the infamous Bitcoin Pizza Day, and learn about LG’s new patent for an NFT-trading TV. And don’t forget this week’s Nifty News, featuring the popular gaming franchise Assassin’s Creed revealing its “smart collectibles.”
16.05 / 22:53
16.05 / 19:47
defi
regulation
Microsoft
us government
IBM
Sam
hearing
ai safety
OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety
Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus.
16.05 / 13:27
regulation
SEC
Crypto community responds to US democrats backing SEC’s crypto authority
The United States Democratic Party has expressed its intent to back the Securities and Exchange Commission’s (SEC) total authority over crypto in a memo circulated among committee members before a hearing. The documents were shared on social media, causing backlash from crypto community members.
16.05 / 10:03
Law
regulation
lending
Court
Bitcoin
creditors
Customer
BlockFi used customer money to buy $30M insurance, creditors claim
Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restructuring plan.
16.05 / 09:55
business
regulation
lending
Celsius
Whale
Withdrawals
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new research report from the Federal Reserve Bank of Chicago (FRBC) has identified several key factors and catalysts that accelerated last year’s crypto crisis.
16.05 / 07:51
business
Government
regulation
us government
Banks
Signature Bank failed to understand risks associated with crypto: FDIC chair
Investigations around the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin J. Gruenberg, believes that the bank’s failure to understand the risks associated with cryptocurrencies expedited its fall.
15.05 / 17:09
Ethereum
CBDC
regulation
Europe
Bitcoin
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets.
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