Category: U.S
Cryptocurrency News From The U.S
Crypto Has No Fundamental Value – US 2023 Economic Report
In its 2023 economic report, the US White House presented several arguments against crypto assets. The White House asserted that they are primarily speculative investment…
US SEC Sues Justin Sun And Eight Celebs For Crypto Fraud
The United States SEC (Securities and Exchange Commission) has filed a lawsuit against Justin Sun, the founder of Tron, and three of his firms, Rainberry…
Extradited OneCoin Top-Level Executive Faces 40-Year Prison Sentence In The US
Recently, a significant development has occurred in the saga of the now notorious crypto-currency, OneCoin. The head of compliance at the company, Irina Dilkinska, has…
Mastercard Partners With Stables To Help Users In APAC Spend Stablecoins
Mastercard, a global payment platform, recently announced a partnership with Stables, an Australian stablecoin firm, to integrate their digital wallet with Mastercard’s international payment services….
Tether Mints Over $1B USDT On The Tron Network As USDT Dominates Stablecoin Market
Following the billions of USDT minted over the past week, Tether, a stablecoin issuer, has minted USDT stablecoins worth $1 billion on the TRON network….
Inflation Rate In UK Soars To 10.4% Before Bank Of England Meeting
The UK Annual Inflation Rate jumped to 10.4%, the highest since December 2008, ahead of Thursday’s Bank of England’s (BoE) meeting. This is the highest…
API Inventory Surge Leads To Crude Oil Price Decline Ahead Of Fed Meeting And EIA Release
Crude oil prices are taking a hit this week as the U.S. Energy Information Administration (EIA) reported an unexpected rise in inventories last week. This…
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…
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