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Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review

6.8.2023
In this week’s news, another major U.S. bank has failed, a Maine senator has appealed to United States president Joe Biden to grant Silk Road creator Ross Ulbricht clemency, a senior U.S. district judge has rejected the approach taken in the SEC v. Ripple ruling regarding XRP, and Robert...

Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters

6.8.2023
The American rating agency Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ may embolden proponents of a BRICS currency, Riley Adams, a personal finance expert, has said. Adams however argues that there are certain “geopolitical issues” that must...

CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale

4.8.2023
The crypto asset manager took a look at the leading U.S. presidential candidates’ positions and did not see a partisan divide

Coinbase CEO says leaving US 'not even in the realm of possibility right now': Report

4.8.2023
Brian Armstrong has previously suggested Coinbase might abandon the U.S. for a more crypto-friendly country, but also said the exchange was “100% committed” to the local market

US lawmakers urge White House to address North Korea's use of digital assets: Report

4.8.2023
Senator Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July

Germany is dragging Europe’s economy down — and that’s great for crypto

4.8.2023
Cointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is a positive for cryptocurrencies

Core Scientific appoints Adam Sullivan as CEO amid restructuring process

4.8.2023
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September

'The SEC has violated due process' — Coinbase CLO on motion to dismiss lawsuit

4.8.2023
Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that the XRP token largely did not qualify as a security by the commission’s standards

Revolut to suspend cryptocurrency services in US

4.8.2023
Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said

Massachusetts launches probe into AI in securities industry

4.8.2023
Massachusetts securities regulators are seeking to ensure that AI applications in the securities industry wouldn't harm the interests of their users

Individual charged with money laundering admits to hacking Bitfinex in 2016: Report

3.8.2023
The identity of the hacker or hackers behind an exploit which removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3

White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’

3.8.2023
Fitch Ratings has downgraded the United States’ debt rating. Biden officials call the downgrade decision “bizarre and baseless.” Both the White House and U.S. Treasury Secretary Janet Yellen strongly disagreed with the downgrade decision. Yellen claimed that the change by Fitch Ratings...

Robinhood turns profitable in Q2, but crypto revenue declines

2.8.2023
Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline

US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report

2.8.2023
Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022

Bitcoin Miner Genesis Digital Assets Opens 3 New Data Centers in South Carolina

2.8.2023
Genesis Digital Assets (GDA), one of the world’s largest bitcoin mining companies, has opened three new data centers in the western region of South Carolina. The facilities represent GDA’s continued expansion in the United States, where its data centers now account for over 2%...

Ron DeSantis Vows to End Biden’s War on Bitcoin and Cryptocurrency as US President

2.8.2023
Florida Governor and U.S. presidential candidate Ron DeSantis has promised to end Joe Biden’s war on bitcoin and cryptocurrency if he is elected president of the United States. In addition, he stressed that on his first day as president, “CBDC goes into the trash can. We’re not going to allow...