Washington, area District Of Columbia Financial News
05.10 / 07:13
UPS
cryptocurrency
World News
Bitcoin
Millions in cryptocurrency vanished as agents watched helplessly
Gary Harmon grinned as he lounged in a bathtub full of dollar bills surrounded by scantily clad women. The moment, captured in a photo on his cellphone, could be part of his undoing. To US prosecutors, it’s evidence that he suddenly came into a lot of money.
27.09 / 11:52
World Bank Cuts China Growth Forecast as Covid-19, Real-Estate Crunch Take Toll
SINGAPORE—The World Bank said it expects developing economies in East Asia to grow faster than China this year for the first time since 1990, as the world’s second-largest economy struggles with a real-estate crunch and the government’s zero-tolerance approach to Covid-19.
08.09 / 18:37
cryptocurrency
crypto market
Agency
Crypto intermediaries should register with US SEC, agency chair says
Companies that help facilitate transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC) just like other market intermediaries, the agency's chair said on Thursday.
01.09 / 23:15
markets
Government
Adoption
Michael Saylor got wrecked, but Bitcoin investors needn't panic
As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.
18.08 / 01:05
Provident
regulation
Action
Crypto Companies
Senator asks FDIC about allegations it discourages bank relations with crypto companies
Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whistleblower concerning FDIC activities. The senator suspects the FDIC “may be improperly taking action to deter banks from doing business with lawful cryptocurrency-related (crypto-related) companies.”
03.06 / 00:27
regulation
Investments
Court
compliance
401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release
ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official encroachment on private rights.
25.05 / 13:49
Stablecoin
regulation
coinbase
rights
Crypto Industry’s Custody, Ownership Rights Are 'Fundamental Problems' That Need Solving - US Official
The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the US Acting Comptroller of the Currency Michael J. Hsu.
03.05 / 13:01
cryptocurrency
Forecast
Adoption
1B People Will Have Tried Crypto Within Decade - Coinbase CEO
The number of people who have used or tried cryptoassets will reach 1bn within a decade, contributing even more to the global economy, according to Brian Armstrong, CEO of major crypto exchange Coinbase.
20.04 / 08:37
15.04 / 12:57
Tax Day 2022 Is Arriving: Here’s What to Know
The individual tax-filing deadline returns to its mid-April home this year after two years of delays spurred by the pandemic. Here’s what you need to know about the end of tax season.
07.04 / 19:47
Government
Law
Stablecoin
Framework
regulatory
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversight.”
25.03 / 17:01
Law
Congress
Senate
crypto legislation
Senators
US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation
United States Senator from New York Kirsten Gillibrand revealed working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C.
21.03 / 19:47
Remark
Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce Inflation
Federal Reserve Chairman Jerome Powell said the central bank is prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concludes such steps are warranted to bring inflation down.
21.03 / 19:21
Remark
Watch live: Fed Chairman Jerome Powell speaks at NABE annual conference
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13.03 / 14:15
cryptocurrency
Provident
Digital
central bank digital currency
Here Are The Timelines And Status Of Central Bank Digital Currencies In Some Countries
Quite a few countries like India and the United States are considering central bank digital currencies
01.03 / 13:05
Hack
Bitfinex
Legal
Bitcoin
Alleged Bitfinex Crypto Exchange BTC Launderer Morgan Seeks ‘Plea Deal’
Half of the husband-and-wife duo that has been charged by American prosecutors with attempting to launder a monster bitcoin (BTC) allegedly raided from the crypto exchange Bitfinexin a 2016 hack is talking to the authorities about a possible “plea deal.”
25.02 / 15:15
crypto currency
Russia Ukraine
us sanctions
Russia could use cryptocurrency to blunt the force of US sanctions
Since then, the global market for cryptocurrencies and other digital assets has ballooned. That is bad news for enforcers of sanctions and good news for Russia. On Tuesday, the Biden administration enacted fresh sanctions on Russia over the conflict in Ukraine, aiming to thwart its access to foreign capital. But Russian entities are preparing to blunt some of the worst effects by making deals with anyone around the world willing to work with them, experts said. And, they say, those entities can then use digital currencies to bypass the control points that governments rely on — mainly transfers of money by banks — to block deal execution.
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