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Coinbase Now Allows Millions of Customers to Buy Cryptocurrencies With Paypal
30.4.2021
Cryptocurrency exchange Coinbase now allows its U.S. customers to buy cryptocurrencies with Paypal. Millions of customers can now purchase up to $25,000 a day of cryptocurrencies with their Paypal accounts. Coinbase Adds Paypal as Funding Source for Users Coinbase announced Thursday that Paypal...
Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation
29.4.2021
In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is...
Alleged Bitcoin Fog Operator Arrested for Money Laundering, Admin Accused of Mixing 1.2 Million BTC
28.4.2021
U.S. law enforcement arrested the alleged operator of Bitcoin Fog, Roman Sterlingov in Los Angeles on Tuesday. Documents show Sterlingov is accused of laundering over 1.2 million bitcoin via the Bitcoin Fog mixer, a tool that allows users to mix transactions together. According to federal...
Tesla’s Bitcoin Stash Now Worth $2.5 Billion, SEC Filing Shows
28.4.2021
Tesla’s quarterly filing with the U.S. Securities and Exchange Commission (SEC) shows that the company’s bitcoins are now worth $2.48 billion, a substantial increase from the initial investment of $1.5 billion. This is also after the electric car company sold some bitcoins...
America’s Fifth-Largest Banking Institution US Bank to Offer Cryptocurrency Custody
28.4.2021
On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s...
One U.S. Dollar Will Buy You Unlimited Invincibility In Capcom Arcade Stadium
27.4.2021
Having a hard time with the classic games of Capcom Arcade Stadium? Well, the developers have just the thing for you: paid invincibility.Read more
Possible Bitcoin treasury adoption as more companies cite inflation concerns
27.4.2021
Bitcoin is likely a topic of conversation among the treasury department of many U.S. companies amid rising inflation
Charles Schwab Survey: Young UK Investors Prefer Cryptocurrencies to Stocks
26.4.2021
Major U.S. financial group Charles Schwab has conducted a survey and found that young British investors are twice as likely to buy cryptocurrencies, such as bitcoin, as they are to buy stocks. The company says it is watching the crypto space closely but needs “additional clarity from...
SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’
25.4.2021
SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a peer-to-peer technology.” The commissioner is hopeful that with the new chairman who has deep knowledge of bitcoin...
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
24.4.2021
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize...
US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin
24.4.2021
The U.S. state of Louisiana has passed a resolution to commend bitcoin for its success as well as commend the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, “for his contribution to economic security.” State Resolution Recognizing Satoshi and Bitcoin The Louisiana House...
Bitfarms Partners With Foundry, Joins US Mining Pool, Fleet Expands by 2,465 Bitcoin Miners
24.4.2021
On April 23, the publicly listed mining operation Bitfarms revealed a partnership with the Digital Currency Group (DCG) subsidiary Foundry Digital LLC. Bitfarms will be joining Foundry’s American mining pool and the two bitcoin mining firms have revealed the joint purchase of 2,465 Whatsminer...
Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets
23.4.2021
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current...
Bitgo Chosen to Manage Seized Cryptocurrencies for the US Marshals Service
23.4.2021
The U.S. Marshals Service has published a contract showing the crypto custodian Bitgo has been chosen to manage law enforcement’s seized bitcoin acquired through criminal forfeiture. The contracted deal is $4.5 million for the storage, maintenance, and disposal of cryptocurrencies according...
Another US City Aims to Become Bitcoin Hub — Exploring BTC Payroll, Mining, Holding Crypto in Balance Sheet
23.4.2021
Another U.S. city, besides Miami, is looking to become a bitcoin hub. The mayor of the city of Jackson TN says that his city is exploring payroll conversions in crypto in addition to bitcoin mining to add the cryptocurrency to its balance sheet. Jackson TN Looking to Become a Bitcoin Hub Mayor...
SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery Records
22.4.2021
The U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security. The SEC says that the “defendants do not actually seek...
US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital Assets
22.4.2021
The U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill...
Congress passes digital asset innovation act to clarify crypto regulations
21.4.2021
U.S. financial regulators will now work together to create modalities for clear-cut crypto regulations in America
Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform
21.4.2021
A former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties...
Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC
20.4.2021
The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation. New Crypto Regulation...