United States Financial News

04.11 / 18:26

goldman sachs Bitcoin Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars

Prime Blockchain (PrimeBlock), a new cryptocurrency mining company in the United States, is hiring its inaugural management team after starting mining Bitcoin (BTC) in September.

04.11 / 00:11

Elections Crypto at the polls: Eric Adams wins NYC mayoral race

Democrat Eric Adams, who said he planned to make New York City “the center of Bitcoins” if elected mayor, has won his race against Republican Curtis Sliwa.

03.11 / 21:13

Government Blockchain Adoption resolution US Senator submits resolution too allow crypto payments in US Capitol Complex

U.S. Republican Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol complex.

03.11 / 12:13

Blockchain Law Fraud NOT Connecticut jury finds crypto-related products are not securities

A Connecticut Jury has found that digital assets linked to cryptocurrencies are not securities in what a defense lawyer called a world-first verdict.

02.11 / 22:37

Government Bitcoin Miami mayor plans to accept first paycheck entirely in Bitcoin

Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take the next paycheck in Bitcoin.

02.11 / 00:31

Stablecoin regulation us government US Treasury report says stablecoin legislation is 'urgently needed' to address risks

The President’s Working Group on Financial Markets, or PWG, has released a report suggesting that stablecoin issuers in the United States should be subject to “appropriate federal oversight” akin to that of banks.

01.11 / 19:37

business Google applications play Crypto.com is the #1 app in the Google Play Store in the US

Cryptocurrency exchange Crypto.com now tops the charts as the most downloaded app for the U.S. Google Play Store across all categories.

31.10 / 14:11

Blockchain Adoption Bitcoin Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit

An average American taxpayer received three rounds of stimulus checks from the United States government as a means to reignite the economy by increasing consumers’ spending potential. For many, this meant an opportunity to invest in Bitcoin (BTC).

31.10 / 10:21

Blockchain Adoption Bitcoin Latinx communities continue to rise above Bitcoin adoption obstacles

Digital assets have recently become more and more prevalent in our daily lives — in the news, popular culture and our personal interactions. In the first quarter of 2021, the number of global daily Bitcoin (BTC) transactions hit 367,536.

30.10 / 19:21

Government IRS Bitcoin The major tax myths about cryptocurrency debunked

Crypto and taxes may not be a match made in heaven, but taxes seem inevitable, and the United States Internal Revenue Service (IRS) has made it clear it is going after people who don’t report. With IRS summonses to Coinbase, Kraken, Circle and Poloniex, plus other enforcement efforts, the IRS is on the hunt. The IRS sent 10,000 letters in different versions asking for compliance, but all were nudges to encourage taxpayers to be compliant.

30.10 / 00:15

business Government Blockchain Mark Warner CFPB US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation

U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don't stifle innovation in this arena.”

29.10 / 18:15

Adoption regulation lending Crypto lending firms on the hot seat: New regulations are coming?

A number of states in the United States, including Kentucky, Texas, Alabama, Vermont, New Jersey and, most recently, New York have been cracking down on crypto lending. Depending on one’s perspective, these can amount to acts of collective desperation or a foretoken of things to come.

29.10 / 09:59

Time Australian Macron and Biden to meet in person for first time since Australian submarine crisis

French President Emmanuel Macron and his US counterpart, Joe Biden, will meet in Rome ahead of the G20 summit on Friday as they seek to mend relations following the Australian submarine crisis.

28.10 / 15:09

Blockchain education Bitcoin Wharton accepts crypto payments for blockchain program tuition fees

Crypto adoption scores another win with the Ivy League University of Pennsylvania, but there’s a catch.

27.10 / 20:03

Government CFTC regulation Agency Biden's pick for CFTC chair wants the agency to be a 'beat cop' with the authority to oversee 60% of digital asset market

Acting chairperson of the Commodity Futures Trading Commission, or CFTC, Rostin Behnam has likened the government agency’s enforcement of the digital asset space to a beat cop on duty.

27.10 / 16:13

Facebook Libra Government Privacy or policy? Why Facebook's crypto wallet Novi is facing resistance

The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies have. But, when Facebook launched its cryptocurrency wallet Novi using Paxos’ stablecoin, some United States senators were quick to oppose it. Are they concerned about user data or monetary sovereignty?

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