United States Financial News

16.12 / 01:29

business Investments The VC-dominated crypto funding model needs a reboot

Does the crypto industry’s funding space need an overhaul? This is one of many questions swirling in the wake of FTX’s downfall: When the prominent exchange collapsed, it left behind a long line of helpless creditors and lenders — including many promising projects dependent on funds promised by Sam Bankman-Fried and company.

15.12 / 22:01

Law regulation Bankruptcy committee US Trustee names Wintermute on creditor committee in FTX bankruptcy case

A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings.

15.12 / 00:03

Law regulation Congress hearing Senate FTX hearing: calls for regulation and crypto criticisms aplenty

United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange.

14.12 / 23:11

Government Law Gaming Prison Anonymous crypto developers belong in prison — and will be there soon

In the months following the announcement of my company’s first experimental title, Cyberstella, visits to my personal LinkedIn profile increased by an astonishing 300%. What does this tell us about the rising trend of anonymous developers popping up in every Web3 community to spam users with investment opportunities and then disappear from the face of the Earth?

14.12 / 17:51

business Law Adoption NOT Will FTX’s ill wind reach the Global South? Maybe not

With the crypto world still reeling from the FTX collapse, Brazil recently passed legislation that legalized cryptocurrency use for payments in the country. How to reconcile this with all those declarations in the West that crypto is having its “Lehman moment”?

14.12 / 12:29

Adoption Congress Senate Senators Crypto blame game back on US Senators' menu following SBF arrest

The arrest of the former FTX CEO Sam Bankman-Fried (SBF) by the Bahamian authorities served as a cue for anti-crypto proponents to reignite discussions around the dangers of cryptocurrencies. While some political leaders blame the crypto ecosystem for SBF’s frauds, others find no point in blaming an entire industry for one man’s action.

14.12 / 09:33

Donations white house White House silent on whether it will return $5.2M in donations from SBF

White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried.

14.12 / 09:07

business Binance Bitcoin Customers Binance US finally rolls out mobile payments service to US customers

United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021.

14.12 / 02:15

Blockchain Technology goldman sachs What Goldman Sachs' CEO misunderstands about private blockchains

Only one of the following news items is real, but someday, all will sound equally comical.

13.12 / 20:51

regulation FTX Congress lawmakers hearing US lawmakers FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and 'conscientious stupidity'

Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO and business practices at the firm.

13.12 / 18:45

Blockchain Crypto hotspots continue to thrive despite FTX collapse

The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation.

13.12 / 16:53

business Law Court Bahamas reportedly asked SBF to mint new coin after FTX collapse

The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials.

13.12 / 14:57

regulation SEC Sec Charges SEC charges FTX CEO SBF for defrauding investors a day after his arrest

The United States Securities and Exchange Commission (SEC) has filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX.

13.12 / 09:15

Law CFTC Court Judge orders CFTC to serve Ooki DAO founders with lawsuit

A United States federal judge has ordered the Commodities Future Trading Commission (CFTC) to serve its lawsuit to the two original founders of the Ooki decentralized autonomous organization (DAO).

12.12 / 21:35

regulation Bitcoin Payments NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report

Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022.

12.12 / 18:31

business Blockchain Binance US DoJ US DOJ split over charging Binance in the 2018 AML investigation: Report

The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 2018. A report from Reuters suggests there is a conflict among US prosecutors over whether the gathered evidence is enough to press criminal charges against the crypto exchange and its executive or not.

11.12 / 03:15

Facebook Blockchain Google YouTube A Supreme Court case could kill Facebook and other socials — allowing blockchain to replace them

The internet — arguably the greatest invention in human history — has gone awry. We can all feel it. It is harder than ever to tell if we are engaging with friends or foes (or bots), we know we are being constantly surveilled in the name of better ad conversion, and we live in constant fear of clicking something and being defrauded.

10.12 / 17:49

Government Adoption SEC Gensler’s approach toward crypto appears skewed as criticisms mount

Since taking over at the United States Securities and Exchange Commission (SEC), chairman Gary Gensler has repeatedly been referred to as the “bad cop” of the digital asset industry. To this point, over the past 18 months, Gensler has taken an extremely hard-nosed approach toward the crypto market, handing out numerous fines and enforcing stringent policies to make industry players comply with regulations.

10.12 / 14:19

ATM Bitcoin Florida best-prepared US state for widespread crypto adoption: Research

It’s not just pro-crypto regulations but also a supporting infrastructure that allows sustainable crypto adoption in any jurisdiction. Weighing in factors such as the number of Bitcoin (BTC) ATMs, blockchain companies and public interest in cryptocurrencies, Florida comes out as the most crypto-ready state in the United States.

10.12 / 11:13

business regulation investigation US DoJ US DOJ reportedly investigating FTX CEO for siphoning funds out of the US

While many crypto fraudsters were able to slip through the cracks in the past, the same does not hold for FTX CEO Sam Bankman-Fried (SBF). Running parallel to the ongoing scrutiny related to FTX frauds, the United States Department of Justice (DOJ) is reportedly investigating a potential fraud that involves SBF siphoning funds offshore just days before FTX filed for bankruptcy.

09.12 / 13:11

business Government FTX reportedly gets 3 more months to stop all operations in Japan

The Japanese subsidiary of the now-defunct cryptocurrency exchange FTX has received approval from local regulators to continue sorting out issues with withdrawals until next year.

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