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Nalezeno "U.S.": 5355

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year


According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...

CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto


On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but...

IRS Now Requires Tax Filers to Disclose Crypto Activities


The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning...

SEC Approves Bitcoin Futures Fund


The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed...

Ross Ulbricht Clemency Petition Gathers 250,000 Signatures


On Friday, the Clemency for Ross Ulbricht petition hosted on Change.org surpassed 250,000 signatures. The solicitation for signatures started in July 2018 and gathered roughly 6,200 signatures during the first three days. Now with a quarter of a million signatures asking U.S. President Donald Trump...

Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin


Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies...

Mining Chip Maker Ebang Next in Line to File for US IPO


Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer...

Crypto-Focused Lender Blockfi Launches Trading Platform


Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...

Crypto Community Erupts Over Ethereum Foundation Member’s Arrest


On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain...

Bakkt CEO Will Be Asked to Fill Georgia Senate Seat in 2020: Report


Crypto exchange Bakkt’s chief executive Kelly Loeffler has reportedly been picked by Governor Brian Kemp to serve in the U.S. Senate until the special election in November 2020.  Loeffler will likely be asked next week to serve as the replacement of U.S. Senator Johnny Isakson, who has announced...

Coinbase Patents AI Compliance System to Monitor and Flag Accounts


Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system which would monitor customer accounts, flagging those deemed non-compliant and recategorizing them for corrective action. Described as a “compliance determination and enforcement...

US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry


A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. Internal Revenue Service (IRS) from accessing his Bitstamp trade data. An IRS summons invoked Zietzke to file a petition to quash the tax agency’s investigation into his private...

US Government Worried Crypto Can Shift Power to Private Sector


Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...

Bitso Says 5% of U.S.-Mexico Remittances Made in Crypto + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The CEO of Mexican cryptocurrency exchange Bitso claims that some 5% of remittances sent from the United States...

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