United States Financial News

05.01 / 01:15

Blockchain Ethereum Binance Bitcoin Celebs who got burned endorsing crypto and those that got away with it

Celebrities had a shaky year promoting crypto firms and projects throughout 2022.

05.01 / 00:11

Government regulation Congress Investigations US Congress investigations into FTX are in limbo without a House Speaker

At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could lead to lawmakers delaying committee hearings.

04.01 / 06:09

Blockchain regulation US Feds put together ‘FTX task force’ to trace stolen user funds

The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse.

03.01 / 20:23

cryptocurrency FTX Fried FTX fraud Sam fraud case NOT Sam Bankman-Fried set to enter not guilty plea in FTX fraud case

Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.

03.01 / 19:23

Law regulation FTX Fried Sam Sam Bankman-Fried's legal team warns of 'harassment and threats' to parents in latest court filing

The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing threats made against his family.

03.01 / 09:35

Blockchain Twitter SEC Bitcoin Erik Voorhees tips $40K BTC by June, but little consensus among pundits

There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research analysts and billionaire investors offering wildly different takes on what's in store for Bitcoin for the year ahead.

03.01 / 00:57

regulation saga New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2

Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from FTX and its U.S.-based subsidiary, FTX US. According to SBF, the incident was perpetrated by either a former FTX employee or someone who had unauthorized access to a former employee’s computer.

02.01 / 23:21

Law stocks Congress lawmakers US lawmakers US lawmakers could consider stock trading ban in next session of Congress

Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership.

02.01 / 16:47

business economy Banks TradFi Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession

The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year.

31.12 / 21:01

regulation FTX Congress lawmakers US lawmakers US lawmakers under pressure following FTX collapse: Report

Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX's collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies.

31.12 / 14:07

business regulation Court Fried Sam NOT Sam Bankman-Fried to reportedly plead not guilty to criminal charges

Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3.

30.12 / 08:55

Adoption ETF Two crypto-related ETFs were the worst-performing in Australia for 2022

Cryptocurrency-related Exchange Traded Funds (ETFs) have taken the two top spots for the worst-performing ETFs in Australia for the year, with the same story playing out in the United States.

29.12 / 19:11

business regulation FTX Broker Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

The highly disputed Robinhood shares claimed by both BlockFi and FTX might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner.

29.12 / 03:57

Government Blockchain economics What to expect from crypto the year after FTX

Cryptocurrency had its Lehman moment with FTX — or, perhaps, another Lehman moment. The macroeconomic downturn has not spared crypto, and as November rolled around, nobody knew that we were in for the collapse of an empire worth billions of dollars.

26.12 / 23:21

regulation Taxes bail SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26

Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. His parents secured his bail with the equity in their house. Some Twitter users found this development either amusing or suspicious.

26.12 / 12:37

Ethereum Adoption ETH staking on top exchanges contributes to Ethereum censorship: Data

For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys.

25.12 / 17:15

Adoption regulatory The 5 most important regulatory developments for crypto in 2022

2022 will surely be remembered as a year of crypto discontent — one when the price of Bitcoin crashed three times, many large companies went bankrupt and the industry experienced a series of significant lay-offs. However, it was a crucial year for crypto regulation worldwide. Although some regulatory developments are worrisome in terms of their tighter stance on digital assets, their effect could help the industry to mature in the long run.

24.12 / 08:51

business Court Judge pulls out of SBF-FTX case citing husband's law firm's advisory link

The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York rescued itself from the FTX case after revealing that a law firm — which employs Abrams’ husband as a partner — had advised the crypto exchange in 2021.

23.12 / 21:27

regulation Donations Elections Agency US election US election agency approves use of NFTs as campaign fundraising incentive

The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts.

23.12 / 18:43

Law CFTC SEC SEC general counsel announces departure from public service

Dan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency after more than a year.

23.12 / 14:11

Blockchain Taxes Bitcoin end How to reduce your crypto tax bill before year-end

While 2022 has been a year to forget for most crypto investors, the daunting task of filing crypto tax returns before the end of December remains. Many investors worry about unrealized losses on their crypto portfolio, while a failure to report crypto assets and transactions on tax returns could land North American investors into hot water with the IRS.

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