United States Financial News

04.11 / 06:15

business coinbase Report Q3 Coinbase transaction revenues plummet 44% as users activity declines in Q3

Crypto exchange Coinbase saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but managed to cut its losses in half compared to the prior quarter.

02.11 / 20:47

Law regulation SEC Sec Chair SEC chair highlights crypto enforcement cases to legal experts

United States Securities and Exchange Commission Chair Gary Gensler cited major enforcement actions against crypto firms as part of the “economic realities” of securities regulation.

02.11 / 16:19

business Government interview ‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe

The global decentralized finance (DeFi) market size was valued at $11.78 billion in 2021. This number is expected to increase as DeFi advances, yet it is still in its infancy. Therefore, a number of banks and traditional financial institutions still tend to be unaware of DeFi’s potential.

01.11 / 23:11

regulation Survey Elections 38% of US voters will consider candidates’ position on crypto in midterms: Survey

Roughly a third of eligible voters in the United States will be “considering crypto policy positions” when choosing candidates in the 2022 midterm elections, according to a new survey.

01.11 / 04:45

SEC coinbase Court Coinbase seeks to join Ripple’s legal fight against the SEC

United States-based crypto exchange Coinbase has become the latest organization to stand behind Ripple Labs n its legal battle against the Securities and Exchange Commission (SEC), which could wrap up as soon as the first half of 2023.

28.10 / 08:15

business Court Bankruptcy Celsius bankruptcy Celsius bankruptcy case Trustee slams $3M employee bonus motion

The U.S. Trustee overseeing the Celsius chapter 11 bankruptcy case, William Harrington, has objected to a Celsius motion that would see 62 of its 275 employees paid a retention bonus totaling $2.96 million.

26.10 / 17:39

business Government Bitcoin strategies Bitcoin miners rethink business strategies to survive long-term

The Bitcoin mining industry continues to face a challenging year as the price of Bitcoin (BTC) hovers below $20,000, coupled with rising energy costs in North America and Europe. Regulators have also recently started clamping down on crypto mining, as a recent report from the Bitcoin Mining Council (BMC) found that Bitcoin has seen a 41% increase in energy consumption year-on-year (YoY). As a result, a number of crypto mining companies have been forced to sell off equipment, while others have filed for bankruptcy.

26.10 / 10:15

Adoption regulation Elections Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with

A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact the outcome of the United States midterm elections. Significant numbers of voters are well-disposed toward crypto and want to see it treated as a serious and valid part of the economy, and bipartisanship is strong in the crypto community.

26.10 / 07:13

business Blockchain Bitcoin Gen Z Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey

Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab.

26.10 / 03:21

Facebook Adoption Instagram Potential US ban is a reminder that influencers should dump TikTok

People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game?

26.10 / 00:41

Government regulation Bitcoin Transactions Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

The United States Department of Justice has announced charges against two Chinese intelligence officers who allegedly bribed a double agent with Bitcoin.

25.10 / 22:19

regulation Congress lawmakers US lawmakers US lawmakers question regulators over ‘revolving door’ with crypto industry

Several Democratic members of the United States Senate and House of Representatives have requested information from top regulators and agencies in the country regarding crypto firms hiring government officials upon their departure.

25.10 / 18:07

business Tao acquires Bitcoin ATM operator RockItCoin acquires Tao Bitcoin

The Bitcoin ATM operator RockItCoin announced the acquisition of Tao Bitcoin on Oct. 25. Tao Bitcoin is a regional ATM operator with 56 machines, mostly located in the south of the United States.

25.10 / 10:41

Ripple A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it often comes down to the Internal Revenue Service’s (IRS) position — and how much tax one owes.

25.10 / 09:11

regulation SEC Survey Investors are loving SEC's crypto industry crackdown, according to survey

The United States Securities and Exchange Commission’s (SEC’s) more-than-enthusiastic crackdown on the crypto industry is being seen as a positive signal for the majority of crypto investors, according to a new survey.

24.10 / 16:15

Blockchain Ethereum SEC proof-of-work debate Ethereum at the center of centralization debate as SEC lays claim

Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge.

24.10 / 08:43

Ethereum Bitcoin Fidelity to beef up crypto unit by another 25% with 100 new hires

$4.5 trillion asset management firm Fidelity Investments is reportedly set to hire another 100 people to bolster the firm's growing digital assets division — a stark contrast to the recent squeezing out of crypto-talent.

23.10 / 23:17

Government Twitter Bitcoin Celsius users concerned over personal info revealed in bankruptcy case

Crypto lending platform Celsius filed for Chapter 11 bankruptcy on July 13, 2022. Although the Celsius case involves digital assets, it remains subject to United States Bankruptcy Code under the Bankruptcy Court for the Southern District of New York.

23.10 / 13:33

Asia Bitcoin Destinations Kazakhstan among top 3 Bitcoin mining destinations after US and China

For over a year, the oil-rich Central Asian country of Kazakhstan has maintained its position as the third-biggest contributor to Bitcoin (BTC) mining after surpassing Russia back in February 2021.

21.10 / 20:21

business Forex Paxos services Broker New York-based forex broker Oanda launches crypto trading services in US

New York-based multi-asset trading services Oanda has launched a new cryptocurrency trading service in the United States. This latest addition, developed in partnership with regulated blockchain infrastructure provider Paxos Trust Company, is designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment.

21.10 / 08:51

business Binance FBI Investigations Binance US taps “most feared man on Wall Street” for new investigations unit

United States crypto exchange Binance US has created a new “investigations unit” and tapped a former FBI special agent as its new head, with the aim of seeking out and stopping illegal activity on its platform.

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