United States Financial News

25.02 / 17:33

Google Apple Apple Pay Bitcoin Support Apple Pay to halt support for Russian banks sanctioned on war in Ukraine

Several Russian banks that were sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay.

25.02 / 06:43

business Gemini Gemini joins Coinbase and Block at the Crypto Council for Innovation

The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation.

25.02 / 01:23

Government Crypto could bypass President Biden's 'devastating' sanctions on Russian banks and elites: Report

The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers.

25.02 / 01:05

Government IRS Bitcoin New crypto tax solution is making accurate calculations quick and easy

Organizing taxes has always proved a difficult process for companies and individuals during the yearly tax season. With crypto, this process becomes even more complicated.

24.02 / 12:53

Banks Bitcoin Russia to seize retail deposits if sanctions go too far, official warns

In the event of harsh Western sanctions, Russians’ savings could be confiscated, according to Nikolai Arefiev, a member of the Communist Party of the Russian Federation and vice-chairman of the Duma’s committee on economic policy.

24.02 / 06:49

Blockchain censorship BNY BNY Mellon partners with Chainalysis to track users' crypto transactions

The Bank of New York (BNY) Mellon has announced a partnership with blockchain-data platform Chainalysis to help track and analyze cryptocurrency products. BNY Mellon is the world’s largest custodian bank, currently overseeing $46.7 trillion in assets.

23.02 / 08:41

European Union Live: Invading Ukraine was Putin's 'plan all along', Washington says

An invasion of Ukraine was Russian President Vladimir Putin's plan "all along", the US's top diplomat said, calling off a scheduled meeting with his Russian counterpart.

22.02 / 14:09

Adoption Central Bank NOT Crypto Twitter is not happy with the name and logo of Jamaican CBDC

The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community.

21.02 / 20:15

Government Law California lawmaker services CA lawmaker introduces legislation to accept crypto as payment for govt services

California State Senator Sydney Kamlager, representing the 30th Senate District including parts of downtown Los Angeles, has introduced a bill which would amend the state’s code to allow for the acceptance of cryptocurrencies for certain payments.

21.02 / 16:25

Investments SEC settlement Speculation Happy to be regulated? Fallout from BlockFi settlement is a matter of speculation

It might seem unlikely that BlockFi founder and CEO Zac Prince would describe a prosecution that resulted in a $100-million fine for his company as “a win not only for BlockFi but for the broader cryptocurrency industry,” but that is indeed what he said. And, he might be right, although it remains to be seen for now.

21.02 / 15:41

business Bitcoin index Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts.

21.02 / 02:23

Government Ethereum Bitcoin Future Future of finance: US banks partner with crypto custodians

Grayscale Investments’ latestreport “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.”

20.02 / 20:35

Blockchain Technology Law The Metaverse will bring a further erosion of privacy

Unlike some of my peers in the technology space, I don’t see the Metaverse as a virtual world in which we work, socialize and shop. Rather, I see it as a point in time, reached in 2020 and into this year because of the global pandemic, when the digital world became as important as the physical world. It’s a shift away from the idea that physical reality is superior and preferred over digital reality.

20.02 / 10:09

Blockchain Congress Bitcoin BTC helped us unseat a 20+ year incumbent: Aarika Rhodes on Bitcoin Day

Aarika Rhodes, an elementary school teacher-turned congressional candidate, recently featured in the Bitcoin Day Sacramento 2022 event to discuss the impact of Bitcoin (BTC) in local politics.

20.02 / 08:15

Government Blockchain AML Want to weed out ransomware? Regulate crypto exchanges

Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers confirming the proliferation of this mode of extortion. Mimicking the prevalent business model of the legitimate tech world, ransomware-as-a-service portals popped up in the darker corners of the web, institutionalizing the shadow industry and slashing the skill ceiling for wannabe-criminals. The trend should be ringing a warning bell through the crypto ecosystem, particularly since ransomware attackers do have a knack for payments in crypto.

19.02 / 01:39

Government Bitcoin lawmakers Crypto miners Georgia lawmakers consider giving crypto miners tax exemptions in new bill

Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.

19.02 / 00:25

CBDC regulation Federal Reserve Winter Olympics Fed's Lael Brainard hints at US playing a lead role in development of CBDCs

Lael Brainard, a member of the Federal Reserve’s board of governors, encouraged the United States to be a leader in research and policy regarding central bank digital currencies, or CBDCs, due to potential international developments.

18.02 / 22:31

Investments stocks Federal Reserve NOT Fed senior officials will soon not be allowed to trade crypto, stocks, and bonds

The Federal Open Market Committee, or FOMC, has approved rules which would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.

18.02 / 20:37

Law Stablecoin lawmakers Wyoming lawmakers introduce legislation for state-issued stablecoin

Four members of the Wyoming Legislature have sponsored a bill which would allow the state treasurer to issue a stablecoin.

18.02 / 20:37

Government Ethereum Bitcoin Power $53 million raised for Assange showed the power of DAOs

“DAOs are very powerful token-based coordination mechanism that any person now can wield outside of the legacy financial system”, said Silke Noa, core-member of the AssangeDAO, which recently raised $53 million in support of Wikileak's founder, Julian Assange.

18.02 / 02:17

Government CBDC regulation Executive executive order week Biden expected to issue executive order on crypto and CBDCs next week: Report

The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework.

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