United States Financial News
12.04 / 09:01
Investments
Altcoin
Fraud
banking
Bitcoin
Brooklyn court charges former banker for allegedly defrauding crypto investors
The federal court in Brooklyn, New York, charged a former investment banker and registered broker for allegedly defrauding numerous investors by promising profits on fake cryptocurrency investments and misappropriating the funds received to finance his lifestyle.
12.04 / 05:53
business
regulation
Silvergate
Hong Kong virtual bank to offer crypto conversions and accounts: Report
ZA Bank, Hong Kong’s biggest virtual bank by assets is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
12.04 / 01:13
business
regulation
SEC
Department Of Justice
coinbase
Coinbase wins $470K restitution in insider trading case
The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme.
11.04 / 17:49
Adoption
regulation
lending
exchanges
Court
legislation
US share of global crypto developers fell 26% in 5 years — a16z
The share of global crypto developers based in the United States declined by 26% from 2018 to 2022, according to a report from venture capital firm Andreessen Horowitz, also known as a16z. The report, titled “State of Crypto 2023,” cited data from Electric Capital and SimilarWeb to support its findings.
11.04 / 17:17
regulation
IMF
IMF reiterates call for crypto regulation after the ecosystem's 'rough year'
The International Monetary Fund, or IMF, has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulation of digital assets.
11.04 / 13:31
business
regulation
SEC
Digital Asset
Cyber
US SEC seeks to expand its Crypto Assets and Cyber Unit
Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the FTX demise and collapse of Silicon Valley Bank (SVB).
10.04 / 18:53
Adoption
Survey
Research
Men under 50 shoring up US cryptocurrency market: Pew Research
The Pew Research Center’s latest U.S. cryptocurrency report, published April 10, shows little in the way of surprises when it comes to the nation’s adoption and confidence in the burgeoning crypto market.
10.04 / 12:15
10.04 / 02:57
Law
regulation
FTX
Court
Financial
FTX financial controls were a ‘hodgepodge’ of apps, says court filings
FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III.
09.04 / 06:47
Law
regulation
Gold
Senate
bills
lawmakers
Backed
Texas lawmakers propose a gold-backed state digital currency
Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).
09.04 / 02:39
Law
regulation
SEC
Decentralization
DAO
investigation
Sushi’s head chef addresses community concerns amid SEC subpoena
Japan-based decentralized autonomous organization (DAO) Sushi's head chef Jared Grey and his counsel stated that as far as they know, no one associated with Sushi has violated U.S. federal security laws, while providing reassurance that he is cooperating with the United States Securities and Exchange Commission (SEC) subpoena.
08.04 / 21:45
Mining
regulation
proof-of-work
Bitcoin
rights
Bill protecting Bitcoin mining rights passes in Arkansas Senate and House
A bill seeking to regulate Bitcoin mining activity in the State of Arkansas has passed in both the House of Representatives and Senate, moving now to the governor's office for approval.
08.04 / 16:43
business
Binance
Silvergate
Binance.US unable to find bank partners in the United States: Report
The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramps for its clients in the country, according to a Wall Street Journal report on April 8.
07.04 / 20:49
Blockchain
Binance
NFT
defi
Decentralization
MEV
Ethereum projects launch MEV Blocker to protect users from high prices: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
07.04 / 03:45
Government
Report
Study
Research
NOT
Study claims 99.5% of crypto investors did not pay taxes in 2022
Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — however tax experts have cast doubt on the figures and methodology.
07.04 / 01:53
Binance
CFTC
SEC
coinbase
S&P 500
Bitcoin
Scaramucci: 'We're through the bear market' as Bitcoin notches up 70% YTD
Following Bitcoin’s (BTC) stellar start to 2023, SkyBridge Capital founder Anthony Scaramucci believes “we’re through the bear market” and expressed confidence in his firm's crypto investments.
06.04 / 22:01
Government
Law
Stablecoin
us government
DeSantis is right — CBDCs will lead to absolute government control
Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical that Americans clearly understand and soberly consider the immense power a CBDC could grant governments as well as the unacceptable risk of that power’s potential abuse.
05.04 / 21:59
regulation
NYDFS
Signature Bank
'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head
Adrienne Harris, superintendent of the New York Department of Financial Services, or NYDFS, has reportedly said the closure of the crypto-friendly Signature Bank in March had nothing to do with exposure to digital assets.
05.04 / 18:41
CBDC
Adoption
Research
CBDCs ‘threaten Americans’ core freedoms’ — Cato Institute
A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms.
05.04 / 03:35
business
regulation
Trading
Scams
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai alleging it is “perpetrating a Ponzi scheme.”
04.04 / 01:49
business
Adoption
ETF
Europe
crypto ETFs
Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey
Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs).
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