United States Financial News

24.11 / 16:50

business coinbase Bitcoin Coinbase reportedly down for some users after fixing connectivity issue

Nasdaq-listed cryptocurrency exchange Coinbase reportedly continues to face some system difficulties after experiencing a major connectivity problem.

23.11 / 23:07

Government Federal Reserve US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair

Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency.

23.11 / 21:27

Government regulation Federal Reserve regulatory Fed conducted 'policy sprints' around crypto assets to address regulatory clarity

The United States Federal Reserve is planning to address ambiguities that they feel are plaguing digital asset regulation in the country following rapid analyses between government agencies.

23.11 / 17:11

Ripple XRP SEC Ripple case with SEC to ‘likely’ reach a conclusion in 2022, says CEO

The long-standing feud between distributed ledger technology firm Ripple and the United States Securities and Exchange Commission (SEC) is nearing its end, according to Ripple’s CEO.

22.11 / 19:33

regulation Federal Reserve President Biden picks Jerome Powell to be next Fed chair

President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors.

22.11 / 14:45

business Blockchain Health US Navy to pilot blockchain-based project to improve medical supply lines

The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5 million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on IoT-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022.

20.11 / 20:35

Government ETF Bitcoin Bitcoin spot ETF spot ETF VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto

Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView.

20.11 / 17:21

business Government Bitcoin Bitcoin bulls in City Hall: Meet America’s crypto mayors

As 2021 comes to a close, Bitcoin (BTC) has had a tumultuous ride this year, with wild price swings that have seen the pioneer cryptocurrency hit all-time highs only to retrace to lower prices — including a 50% drop that shook the market. Now, Bitcoin is once again back and stronger than ever, even recently going past its previous all-time high.

19.11 / 22:21

regulation Congress Is US politics divisive enough to make crypto a partisan issue?

As the perceived legitimacy of blockchain technology increases, politicians in the U.S. have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness.

19.11 / 18:57

regulation inflation Bitcoin Inflationary winds from around the world spell a sea change for Bitcoin

Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently, there are fresh warnings of an inflationary storm.

19.11 / 13:25

Adoption Bitcoin us sanctions Digital currencies won’t impact US sanctions, Treasury exec says

Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to U.S. Deputy Treasury Secretary Wally Adeyemo.

19.11 / 00:53

Government regulation Taxes lawmakers US lawmakers US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law

A bipartisan group of United States lawmakers has introduced legislation to change the tax reporting requirements that will go into effect due to the recently signed infrastructure bill.

18.11 / 20:41

business IPO stocks Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger

Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC.

18.11 / 18:03

Adoption transport Bitcoin US city sets up Bitcoin ATM in airport after crypto payment adoption

The North Dakota’s City of Williston continues exploring and adopting the cryptocurrency industry by elevating a crypto automated teller machine (ATM) in its international airport.

18.11 / 17:05

business Stablecoin Bitcoin Bitso and Circle work on crypto payments between Mexico and US

Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States.

18.11 / 06:41

regulation taxation lawmakers Lawmakers push back on crypto provisions in Infrastructure Bill

Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the newly passed Infrastructure Bill.

18.11 / 01:21

Government CBDC regulation NOT U.S. is not moving fast enough to develop a CBDC, says former CFTC chair

Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems.

17.11 / 20:47

Government regulation Acting OCC head calls for consolidated supervision for crypto firms

Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing with cryptocurrencies.

17.11 / 18:09

Government education Bitcoin NOT Navigating CityCoins: Miami citizens to earn Bitcoin despite the city not holding crypto

Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend.

16.11 / 23:33

Government Fraud Bitcoin US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud

The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect.

16.11 / 22:45

Ripple regulation Framework regulatory Ripple outlines possible regulatory framework for crypto industry in US

Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework.

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