Category: U.S
Cryptocurrency News From The U.S
San Francisco Fed is Looking to Hire Developer to Design Its CBDC
A job listing seen on LinkedIn indicates that the Federal Reserve Bank of San Francisco is hiring an Application Architect to assist in researching and…
Binance Admits Regulatory Flaws, Negotiates With US Regulators
Binance Chief Strategy Officer Patrick Hillmann has confirmed that the exchange had some compliance problems two years after it started operations in 2017. Binance is…
SEC Hits NBA Legend Paul Pierce With a $1.2 million Fine Over Ethereum Max Scandal
US regulators continue to go after crypto players who are non-compliant with the stipulated laws. Yesterday, Paul Pierce, a former NBA player, became the Securities…
Paxos Ends BUSD Minting as SEC Plans to File Lawsuit
The Securities and Exchange Commission (SEC) has revealed that it’s going after Paxos, the issuer of Binance USD (BUSD), the third-largest stablecoin. According to the…
Blockchain Association Director Calls on IRS to Focus on CEXes
In November 2021, President Joe Biden signed a bipartisan infrastructure plan into law. Through it, he established a new tax rule that defined a broker…
Lebron James NFTs are Flying After He Broke an NBA Scoring Record
NBA superstar LeBron James became the NBA’s all-time top scorer in midweek. Since then, his NFTs on NBA Top Shot have seen increased sales. According…
FTX Demands Politicians to Return Donations, May Sue to Recover Money
In a statement on Sunday, FTX informed all politicians who received millions of dollars in donations from former CEO Sam Bankman-Fried and other executives that…
Logan Paul Faces Rug Pull Lawsuit in Connection to CryptoZoo NFTs
Online influencer Logan Paul and CryptoZoo, an NFT project, have been accused of executing a rug pull in a new lawsuit. CryptoZoo was launched in…
SEC Filing Shows Tesla Suffered $135M BTC Loss
According to its filing with the US Securities and Exchange Commission (SEC), Tesla, an electric car manufacturer, registered a $135 million impairment charge stemming from…
OneCoin Founder Reappears After Hiding for Five Years
Ruja Ignatova, the OneCoin founder, has resurfaced after disappearing from the public for over five years. It is alleged that late last week, Ignatova submitted…
SEC Chair Explains Three Ways to Identify a Crypto Scam Project
Many find it difficult to spot a crypto scam, but the Securities and Exchange Commission (SEC) Chairman Gary Gensler says it’s easier than it might…
White House Accuses Congress of Failing to Establish Crypto Regulations
On Friday, the White House blamed Congress for delaying the establishment of a comprehensive regulatory framework that would help US regulators flush out all the…
Senator Ted Cruz Advocates for Bitcoin Payments at the Capitol
On Thursday, Senator Ted Cruz tabled a proposal in the Senate advocating for vendors within the Capitol to start accepting crypto payments. This shows how…
Senator Elizabeth Warren Claims Crypto Players are Scared of a Strong SEC
On Wednesday, Senator Elizabeth Warren had a strong message for all stakeholders in the crypto industry. Warren called on the US Securities and Exchange Commission…
The US Regulators Want You to Know They’re Getting Tougher on Crypto
US Justice Department announced on Wednesday that it would conduct a press conference at mid-day to declare what it termed an international crypto enforcement action….
US Treasury Department Postpones Cryptocurrency Tax Reporting Rules
A prominent series of rules over the reporting of crypto tax is facing a delay till any further notice in line with a decision specified…
BlockFi Requests Authority From A US Bankruptcy Court To Return Frozen Crypto To Users
BlockFi, a bankrupt crypto lending company, has requested a United States-based bankruptcy court to grant it the authority to return consumers the crypto funds existing…
Circle Plans To Fill Its Reserve Fund By The End Of Q1 Of the Next Year
Circle, the platform issuing the USD Coin (USDC), declared to have started investing in Circle Reserve Fund. The respective fund was established formerly in collaboration…
BlockFi Rescue from Terra’s Collapse Short-lived as FTX Drags it to Bankruptcy
BlockFi recovery from Terra’s Stablecoin turned short-lived as the crypto lender joined the rescuer – FTX, in filing for bankruptcy. BlockFi’s statement on November 28…
US Banking Loopholes Revealed as FTX’s Stake in Rural Bank Discovered
The ongoing FTX Group bankruptcy proceedings facilitated the discovery of Sam Bankman-Fried links to Washington rural bank. The investigations of FTX’s downfall illustrated potential unethical…
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