United States Financial News

06.12 / 23:31

Winter Olympics US announces diplomatic boycott of Beijing Winter Olympics

The United States will stage a diplomatic boycott of the upcoming Winter Olympics in Beijing to protest Chinese human rights abuses, the White House said on Monday

05.12 / 15:05

Ethereum Bitcoin US and European allies condemn Taliban over 'summary killings'

The United States and their European allies condemned the Taliban on Sunday following reports that former members of the Afghan security forces were executed or forcibly disappeared.

04.12 / 21:37

Government Blockchain Law Things to know (and fear) about new IRS crypto tax reporting

The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars.

04.12 / 11:55

Blockchain Congress Bitcoin hearing FTX releases crypto regulation proposals before US congressional hearing

Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The policy recommends the market-structure choices made by several leading crypto exchanges and suggests its implementation across all jurisdictions.

04.12 / 00:57

Government regulation SEC lawmaker US lawmaker urges congressional action on crypto as government avoids shutdown

Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation should the Securities and Exchange Commission (SEC) be unable to provide sufficient guidance on cryptocurrencies.

03.12 / 19:55

business Law regulation US infrastructure law could brace up digital assets — but first some fixes

Back in August, there were some dire warnings about what the Biden Administration’s proposed infrastructure bill might do to the cryptocurrency and blockchain sector by driving crypto miners out of the United States, crippling America's leadership role, etc. In response, the crypto industry mobilized a full-court-lobbying press on lawmakers. However, it was too late to excise the troubling digital-asset language, and, in November, the infrastructure bill was signed into law.

03.12 / 19:29

business Facebook Art NOT Ukraine says it will not abandon NATO goal or give 'security guarantee' to Russia

Ukraine is refusing to give up its aim to join NATO, as well as give any "security guarantee" to Russia, the country's foreign minister said on Friday.

03.12 / 01:57

Health Science US 'will respond' if Russia 'acts recklessly' against Ukraine, Blinken tells Lavrov

The United States issued a strong warning to Russia on Thursday, calling for it to stay away from Ukraine.

02.12 / 22:33

Government Stablecoin Federal Reserve Fed's Quarles says regulators should show 'constraint' on stablecoins to avoid hampering innovation

Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins.

02.12 / 13:25

business ETF Bitcoin US firm WisdomTree lists crypto ETP on Euronext

United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP).

02.12 / 01:01

Government Law Federal Reserve CFPB Reserve Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: report

The White House has reportedly begun interviews for possible candidates to fill the empty seats on the Board of Governors of the Federal Reserve System in 2022.

01.12 / 12:11

business Futures Crypto.com to acquire two US exchanges for derivatives and futures offerings

Global crypto exchange Crypto.com is looking to strengthen its foothold in the United States with the acquisition of IG Group's stakes in two exchange platforms.

30.11 / 17:29

Government Law Bitcoin Crypto's impact on sanctions: Are regulators' concerns justified?

The use of cryptocurrencies to evade international sanctions from various international governmental organizations like the United Nations (UN), the International Monetary Fund (IMF) and the World Bank, among others, has been a concern for regulators ever since the creation of cryptocurrencies.

30.11 / 10:45

business Kraken regulatory Kraken exchange defies competitors’ regulatory concerns with SHIB listing

United States-based digital asset exchange Kraken has announced it will begin supporting the viral meme coin Shiba Inu (SHIB) as of Nov. 30.

29.11 / 17:21

ETF SEC Bitcoin spot bitcoin Invesco launches spot Bitcoin ETP on Deutsche Borse

Soon after dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in the United States, asset manager Invesco is launching a spot BTC exchange-traded note (ETN) in Europe.

27.11 / 08:17

Blockchain Adoption Senate Mark Warner Senators Democratic senators oppose President Biden's OCC Omarova nomination

A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC).

25.11 / 17:47

Technology Adoption Charity Crypto Thanksgiving: NFT drops and Black Friday deals go mainstream?

From the rise of the Metaverse to major brands announcing nonfungible token (NFT) drops, cryptocurrency mass adoption is well underway. Americans in particular have taken a growing interest in crypto, as recent findings from the Pew Research Center found that nearly a quarter of 10,371 adults in the United States were familiar with cryptocurrency, while only one-eighth (13%) were entirely unfamiliar with the concept.

25.11 / 12:45

business Bitcoin Cryptocurrency regulation: Here’s what countries around the world have done

The Indian government has listed 26 Bills for the upcoming winter session of Parliament that is set to begin on November 29, and among these is the much-talked-about bill to regulate and restrict cryptocurrency in the country.

25.11 / 00:21

Government Blockchain SEC open SEC open meeting on Dec 2 to include crypto panel discussion

The U.S. Securities and Exchange Commission, or SEC, announced Nov 24 the title of the upcoming crypto panel for its Dec 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies”. Previously on Nov 15, the Commission announced the meeting would be open to the public. Panelists and moderators will attend remotely.

24.11 / 23:07

business Bitcoin Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares

Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust.

24.11 / 20:00

Government Stablecoin Tether information hearing committee Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.

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