United States Financial News
09.05 / 16:27
regulation
Trading
crimes
Prison
Former Coinbase product manager behind insider trading case sentenced to 24 months in prison
A federal judge has sentenced Ishan Wahi, the former product manager at Coinbase Global accused of insider trading, to 24 months in prison.
09.05 / 14:15
09.05 / 04:41
regulation
SEC
Bitcoin Industry
policies
'War on crypto' — Newly filed letters lambast proposed SEC custody rules
A proposal by the United States securities regulator to tighten rules around crypto custody has been met with opposition from at least two proponents of the industry, according to recently filed letters.
08.05 / 22:11
business
Bittrex
Bankruptcy
Sec Charges
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware.
05.05 / 19:37
CBDC
regulation
Elections
RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’
Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency.
05.05 / 17:39
Blockchain
defi
LUNC
Terra
Extradition
Prosecutor says Do Kwon's extradition to South Korea would best serve Terraform Labs' victims: Report
South Korean authorities are seeking the extradition of the co-founder and former CEO of Terraform Labs, Do Kwon. The prosecutor overseeing the investigation believes his repatriation would best serve the victims of the TerraUSD (USTC) and LUNA token collapses, The Wall Street Journal reported.
05.05 / 15:35
Mining
regulation
white house
Taxes
Electricity
Bitcoin
Will Biden's plan to tax crypto mining reduce emissions? Critics say no
Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decrease global emissions and energy prices.
05.05 / 10:37
Blockchain
regulation
white house
DLT
International
White House to build international standards for DLT
In the United States, the White House released the national standards strategy for key and emerging technologies on May 4, identifying eight technology sectors that will have a significant economic impact in the near future.
04.05 / 21:45
Law
Mining
regulation
Montana governor signs pro-cryptocurrency mining bill into law
Greg Gianforte, the Governor of Montana, has signed into law a bill largely preventing local governments in the state from passing laws prohibiting cryptocurrency mining.
04.05 / 17:01
regulation
Europe
Asia
Examining global successes and challenges in regulating crypto: Report
The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them difficult to regulate, and the lack of a clear framework has led to concerns about money laundering, terrorist financing and consumer protection. Over 90 countries have introduced cryptocurrency regulations since 2014, with 28 adopting crypto-related laws in 2022.
04.05 / 13:59
Blockchain
Ethereum
Google
MasterCard
Consensus
businesses
regulatory
Consensus 2023: Businesses show interest in Web3, despite US regulatory challenges
Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas, despite recent regulatory struggles around cryptocurrency adoption in the United States.
04.05 / 02:21
business
regulation
SEC
Digital Asset
hedge fund
SEC steps back from defining digital assets in new hedge fund rules
The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago.
03.05 / 23:59
business
FTX
Court
Bankruptcy
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors.
03.05 / 21:13
Law
Robinhood
regulation
Trading
Returns
Robinhood returns to court to defend position in case brought by US state regulator
Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the secretary of the commonwealth of Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors.
03.05 / 17:35
regulation
Investments
stocks
Congress
lawmakers
US lawmakers
Financial
US lawmakers introduce bipartisan bill proposing ban on members investing in 'financial instruments'
Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress and their spouses and dependents from trading or owning certain financial instruments — which could extend to investments in digital assets.
03.05 / 11:57
regulation
coinbase
community
global crypto community
International
Coinbase going international sparks community reactions: ‘Crypto is global’
Amid regulatory struggles in the United States, crypto exchange Coinbase has decided to expand its business abroad with a global platform. Following the news, crypto community members expressed their opinions, with some criticizing the Securities and Exchange Commission (SEC) and others expressing confidence in crypto’s future.
03.05 / 06:19
Law
Twitter
regulation
FTX
Influencer
Crypto influencer named in FTX lawsuit served via tweet
A cryptocurrency YouTuber has been served a lawsuit through a tweet after a United States court allowed the action as lawyers claimed they couldn’t serve him through other means.
03.05 / 02:37
business
Government
inflation
Betting
Bitcoin
Dollar
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement.
02.05 / 13:41
Government
Law
Adoption
SEC
coinbase
Kraken
Crypto Staking
boost
SEC crackdown on crypto staking in the US could boost decentralization
The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators.
02.05 / 09:21
01.05 / 20:29
Law
regulation
sanctions
Poloniex
settlement
Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions
The United States Treasury Department’s Office of Foreign Asset Control (OFAC) announced cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement related to more than 65,000 apparent violations of multiple sanctions programs.
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