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The High Rate Environment — Bank of America Faces Paper Losses Exceeding $100 Billion
4.7.2023
Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that...
China to tighten control on exports of AI chip-making materials
4.7.2023
The Chinese government has announced that it plans to control the export of gallium and germanium products that are heavily used to produce semiconductors
Crypto firms won't leave US despite apparent hostility: Merkle Science CEO
4.7.2023
Merkle Science CEO Mriganka Pattnaik has offered a “contrarian” take, explaining that crypto firms won't be vanishing from the United States anytime soon
Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations
3.7.2023
According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will need to sell the three tokens by September 18th....
Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day
3.7.2023
Ethereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data. This is due to the fourth of July Independence Day celebrations, which will see some markets in the United States closed. Once reopened, the FOMC minutes, and non-farm payrolls report...
Bittrex challenges SEC's authority in crypto lawsuit, seeks dismissal
2.7.2023
Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange
Kraken ordered by court to disclose user data to IRS for tax compliance
1.7.2023
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year
US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe
1.7.2023
Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that...
Bitcoin, Ethereum Technical Analysis: BTC Remains in the Green, Ahead of US Consumer Sentiment Report
30.6.2023
Bitcoin remained close to the $31,000 level on Friday, as momentum in the market continued to be bullish heading into the weekend. This comes ahead of the anticipated consumer sentiment report from the United States, which is expected to show an increase in overall consumer confidence. Ethereum...
Revolut US to delist ADA, MATIC and SOL in September
30.6.2023
Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, but holding and selling remains available until mid-September
Coinbase Alleges SEC Lacks ‘Any Powers to Regulate Digital Asset Exchanges’ in Recent Filing
30.6.2023
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has filed a 177-page answer to the complaint introduced by the U.S. Securities and Exchange Commission (SEC), where the agency states the company was involved in the illegal brokerage of securities. Coinbase alleges that...
United States of Crypto calls for an update
30.6.2023
Impact Research recently conducted a study on behalf of Coinbase, revealing the sentiments of Americans toward cryptocurrency and blockchain. A brief explanation is that the people in the US find the aging financial system outdated. They majorly see crypto and blockchain as something new that will...
U.S. considers tightening restrictions on AI chip exports
29.6.2023
Officials in the U.S. are considering restricting the level of computing power on chips to lessen the flow of AI chips available in the Chinese market
North Carolina House passes bill to commission study on holding Bitcoin
29.6.2023
The study would examine the possible impact of holding crypto and how the state would custody a digital currency
Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’
29.6.2023
SEC commissioner Hester Peirce discussed a possible U.S. crypto legal framework, giving a reminder that not all uses are financial
Staked ETH surpasses 23 million in June — Nansen
28.6.2023
Ethereum's staking ratio continues to rise since the network upgrade in April
Judge Rejects Bankman-Fried’s Attempt to Dismiss Criminal Charges, Calls Arguments ‘Unpersuasive’ and ‘Without Merit’
28.6.2023
On Tuesday, U.S. district judge Lewis Kaplan rejected Sam Bankman-Fried’s attempt to dismiss criminal charges against him. Bankman-Fried claims he was charged in a manner that violates the “rule of specialty” as far as the extradition treaty between the Bahamas and the United States is concerned....
Nevada financial regulator petitions court to place Prime Trust into receivership
27.6.2023
The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto
AX1 Syndicate Research on Global Regulatory Dynamics for Crypto
27.6.2023
PRESS RELEASE. The AX1 syndicate has conducted an in-depth review of the latest legal developments in the cryptocurrency space, with particular attention to the regulations, exchanges, and tax implications for both the European Union and the United States. This review aims to illuminate...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds Ahead of US Consumer Confidence Report
27.6.2023
After a three-day losing streak, bitcoin rebounded on Tuesday, ahead of the upcoming consumer confidence report in the United States. Price briefly fell below the $30,000 level earlier in the session, however bullish momentum has since returned. Ethereum rose above $1,900 for a short period....