Category: U.S
Cryptocurrency News From The U.S
BTC ATM Firm Closes Cloud Service After Recent Attacks On Users’ Hot Wallets
General Bytes, a BTC ATM producer, closed its cloud services due to a “security vulnerability” that allowed bad actors to access customers’ hot wallets and…
Regional Banks In U.S. Rattled As Funding Stress Metric Hits Three-Month High Amid Crisis
The U.S. banking system is facing significant stress due to the recent collapse of Silicon Valley Bank (SVB). The event has sent shockwaves through the…
Flagstar Set To Acquire All Non-Crypto Assets And Business Operations Of Signature Bank
After an initial turndown, Flagstar Bank has announced that it is taking over the assets and business operations of Signature Bank. However, this acquisition will…
At $560b, India’s Forex Reserves Hit A 3-Month Low
The Indian Forex reserves have fallen to a three-month low of $560 billion, owing to a decline in foreign currency assets and gold reserves. This…
Jitters In European Bank Stocks Lead To A Surge In The Dollar And Yen
The markets have been rocked by the news that Credit Suisse, one of Europe’s largest banks, is being rocked by current market conditions. The markets…
Euro Area Industrial Production Stats Release Boosts DAX
The German DAX is setting its sights on the green as investors prepare for the release of Euro area industrial production figures. Industrial production is…
Amid Banking Turmoil, ECB Plans To Maintain Large Interest Rate Hike
According to a source, ECB will likely maintain a significant rate hike on Thursday despite banking turmoil. Though some analysts have argued that the ECB…
SVB Crypto Startup Lender Granted FDIC Deposit Insurance
On Friday, the California Department of Financial Protection and Innovation forced the SVB Financial Group, a lender to Silicon Valley startups, to shut its doors….
Silicon Valley Bank Contagion – Which Crypto Companies Have Been Affected?
Following Silicon Valley bank’s (SVB) collapse, several crypto firms have reported their exposure to the financial institution, which for long has been one of the…
2024’s Proposed Budget of $6.9T Uncovered By U.S. President Biden
According to recent reports, Joe Biden, the reigning President of the United States, has released a $6.9 trillion budget forecast for 2024. In addition, the…
US seizes Russian company’s $25M Boeing 737 under sanctions warrant
A federal judge in New York has allowed the seizure of a $25 million Boeing 737 owned by a Russian energy business. The court supported…
New York AG Sues KuCoin, Claims ETH is a Security
On Thursday, New York Attorney General Letitia James filed a lawsuit against the crypto exchange KuCoin for reportedly violating the stipulated securities and commodities policies….
Court Scrutinizes SEC Over Rejection of Grayscale Bitcoin ETF
On Tuesday, judges assigned to oversee Grayscale’s lawsuit against the US Securities and Exchange Commission (SEC) scrutinized the regulator, questioning its basis for rejecting Grayscale’s…
DOJ Pushes for Independent Investigation of FTX’s Downfall
The US Trustee appointed by the Justice Department in the bankruptcy case of the fallen crypto exchange FTX filed an appeal on Monday against Judge…
Ties Between Binance and Binance.US Exposed via Internal Messages
Binance and Binance.US have always been seen as unrelated entities, with little evidence to support their purported intimate link. However, a recent investigation by investigative…
SBF Tells Court He Wants to Read Crypto News and Watch Netflix While Awaiting Trial
A document was delivered to the court by US Attorney Damian Williams requesting Federal Judge Lewis Kaplan to allow Sam Bankman-Fried, former CEO of now-bankrupt…
Voyager Customers Want Binance.Us to Acquire the Bankrupt Lending Firm
Stretto, a bankruptcy management platform, initiated a poll on 61,300 account holders who have claims against Voyager. According to the poll, 97% of individuals were…
Coinbase CEO Says Firm’s Interests Align With the SEC
On Wednesday, Coinbase boss Brian Armstrong said that the exchange’s interests run parallel with those of the US Securities and Exchange Commission (SEC), the agency…
BTC and the Entire Market Goes in the Red Following key Inflation Data Report
Bitcoin price dropped Sharply on Saturday, dragging the entire market with it following the release of key inflation data yesterday, which seemingly rattled crypto investors….
Coinbase Announces Base, Its Own Ethereum Layer-2 Network
On Thursday, US leading crypto exchange Coinbase revealed Base, an Ethereum layer-2 network. The firm explains that Base will host all the exchange’s on-chain products…
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