Washington Financial News

10.02 / 18:57

Assurant Fed Nominee Raskin Agrees to Expanded Ethics Pledge to Slow Revolving Door With Wall Street

WASHINGTON—Sarah Bloom Raskin, President Biden’s pick to become the Federal Reserve’s top banking regulator, said she would take added steps to assure lawmakers that she would avoid potential conflicts of interest.

10.02 / 10:59

Bitcoin lawmakers US lawmakers crypto rules US lawmakers urge crypto rules to protect investors

WASHINGTON — The head of the Commodity Futures Trading Commission called on lawmakers on 9 February to grant his agency authority to regulate cryptocurrencies such as bitcoin, saying the "speculative fervour" around such assets has left investors in need of protection.

10.02 / 08:35

business BitStamp eSports Terra Terra sponsors Washington Nationals, Bitstamp backs Immortals esports

Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationals MLB team and crypto exchange Bitstamp is now partnered with esports organization Immortals.

09.02 / 17:25

CFTC Chair to Testify on Cryptocurrencies as Congress Weighs Legislation

WASHINGTON—The nation’s top derivatives regulator is set to testify Wednesday about cryptocurrencies before a congressional panel that is weighing the need for new legislation to bring the volatile asset class under government oversight.

09.02 / 12:31

Ethereum cryptocurrency Hacking Bitcoin US couple arrested for alleged fraud after $3.6 billion stolen Bitcoin seized in a record haul

The FBI arrested a husband and wife on Tuesday morning, alleging they conspired to launder cryptocurrency stolen from the 2016 hack of virtual currency exchange Bitfinex, and said law enforcement has already seized over $3.6 billion (€3.1 billion) in cryptocurrency tied to the hack.

09.02 / 08:47

cryptocurrency Digital Bitcoin hack Bitcoin "Bonny & Clyde" Of Crypto Arrested Over $4.5 Billion Bitcoin Hack

Heather Morgan (R) and Ilya Lichtenstein were detained on charges of conspiring to launder Bitcoins.

09.02 / 02:27

U.S. Trade Deficit Hit Record in 2021 as Americans Spent on Computers, Games

WASHINGTON—The U.S. trade deficit increased 27% last year to an all-time high of $859.1 billion, underscoring the strength of the American economy, as well as its continued hefty dependence on imports from China and other nations.

09.02 / 02:27

Digital Bitcoin Department Justice Department Says It Seized $3.6 Billion Worth of Bitcoin Stolen in 2016 Hack

WASHINGTON—The Justice Department said Tuesday it seized over $3.6 billion worth of digital currency stolen during a hack of a cryptocurrency exchange and arrested two suspects for allegedly trying to launder the proceeds.

09.02 / 02:27

lawmakers IRS’s Struggles With Backlogs Draw Scrutiny From Lawmakers, Taxpayers

WASHINGTON—Lawmakers pressed for solutions to the Internal Revenue Service’s paperwork backlog, which continues delaying millions of refunds from tax year 2020 and slowing taxpayers’ ability to get answers from the government.

08.02 / 22:35

Waves Australian Australian Company to Build EV Charging-Station Factory in Tennessee

WASHINGTON—Australia’s Tritium DCFC Ltd. is planning to break ground this year on a Tennessee factory to build electric-vehicle charging stations, a development touted by the White House on Tuesday as part of a wave of new private-sector spending spurred by President Biden’s infrastructure policy.

08.02 / 14:49

cryptocurrency Digital lawmaker Indian Indian-American Appointed As Chief Advisor To US Lawmaker On Crypto

Pete Sessions has appointed Himanshu B Patel as chief advisor for his Crypto Group.

08.02 / 13:51

House Plans Stopgap Spending Bill as Government Shutdown Approaches

WASHINGTON—House leaders scheduled a Tuesday vote to extend a temporary government funding measure through March 11, buying time for negotiators to work out a comprehensive fiscal 2022 package after a prolonged deadlock over how much to allocate for military and nondefense spending.

08.02 / 13:51

business Ripple coinbase Crypto Lobbying US crypto lobbying expenditure doubles in 2021: Here are the biggest spenders

Cryptocurrency advocates in the United States have been increasingly putting efforts to support the industry, with crypto lobbying spending growing significantly in recent years.

08.02 / 13:15

UPS Trump U.S. Agrees to Lift Trump-Era Tariffs on Japanese Steel

WASHINGTON—The U.S. said Monday it has agreed to lift import tariffs on Japanese steel imposed by the Trump administration, removing a longstanding irritant in the bilateral relations between the two allies.

08.02 / 13:13

History Kyiv Ukraine crisis: Macron heads to Kyiv as French president and Putin pledge to speak again

Emmanuel Macron heads to Kyiv on Tuesday, a day after his long meeting with Vladimir Putin, as the diplomatic drive continues to defuse tensions in the military standoff between Russia and Ukraine.

08.02 / 11:48

IRS Retreats From Facial Recognition to Verify Taxpayers’ Identities

WASHINGTON—The Internal Revenue Service is scrapping its use of a private facial-recognition system to authenticate taxpayers’ identities for online accounts, the agency said Monday after criticism from lawmakers in both parties over privacy concerns.

07.02 / 19:03

NATO Sexual assault Ukraine crisis: Germany and UK send hundreds of extra soldiers to NATO's eastern flank

Berlin and London both decided to send additional troops to NATO battle groups in Eastern Europe, ministers of defence of the two countries said on Monday.

07.02 / 11:39

Digital Strategy U.S. Readies New Asia-Pacific Economic Strategy to Counter China

WASHINGTON—The Biden administration is preparing to unveil its first broad economic strategy for the Asia-Pacific region, a move awaited by U.S. allies and American business groups that are uneasy about China’s expanding influence in the region.

07.02 / 11:39

Patrick lawmakers Lawmakers Signal Stopgap Spending Bill Needed as Talks Continue

WASHINGTON—Negotiators remained locked in talks about overall spending levels for the current fiscal year and special items such as Covid-19 funding, with lawmakers set to turn this week to a short-term bill to keep the government running if no deal is reached.

06.02 / 23:09

Sexual assault Bitcoin German leader's stance on Russia looms over first visit to US

German Chancellor Olaf Scholz set off Sunday for Washington seeking to reassure Americans that his country stands alongside the United States and other NATO partners in opposing any Russian aggression against Ukraine.

05.02 / 14:03

London Ukraine crisis: Xi backs Putin as von der Leyen pledges 'robust' sanctions

High-stakes diplomacy continues in a bid to avert a war in Eastern Europe as the Russian military build-up on its border with Ukraine continues to pose a threat.

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