Latest The United States News

  • Bitcoin, Ethereum and LINK Could Benefit From Trump's TikTok Ban
    Bitcoin, Ethereum and LINK Could Benefit From Trump's TikTok Ban
    President Donald Trump has issued an executive order that seeks to ban TikTok from the United States, following the controversy that the Chinese-owned app raises serious security concerns and that it collects personal information on its users.
  • Bitcoin is Almost as Big as Bank of America
    Bitcoin is Almost as Big as Bank of America
    As crypto prices continue climbing, Bitcoin's market cap has almost reach par with Bank of America's market cap. All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation. Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web.  Bitcoin's market cap climbing in comparison Although it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several different wealth comparisons along the way. Back in March, just before COVID-19 measures turned the world on its head, the United States Central Bank pumped the economy with $168 billion in capital.
  • SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025
    SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025
    The United States Senate has voted in Commissioner Hester Peirce of the Securities and Exchange Commission for a second term that will see her remain with the regulator until 2025.
  • Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon
    Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon
    Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000. Pantera Capital is the oldest Bitcoin investment firm in the United States.
  • Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Trade
    Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Trade
    Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet. A federal grand jury in the District of Columbia has charged two Costa Rican residents for illegally selling opioids on the darknet.  Originally from the United States, David Brian Pate is a darknet vendor who along with Costa Rican pharmacist Jose Luis Hou sold drugs worth 23,903 Bitcoin (BTC) — approximately $270 million — to darknet customers. The jury charged Pate and Hou for conspiring to distribute controlled substances, distributing controlled substances, conspiring to import these substances and conspiring to launder money and money instruments.  Selling drugs on SilkRoad and AlphaBay According to the statement published by the Department of Justice, Pate illegally purchased narcotics such as OxyContin and morphine pills from the Costa Rican pharmacist Fung and laundered payments to him. Pate advertised his drugs using numerous online handles, claiming he was selling the “old formula” of the OxyContin that could be crushed and inhaled or injected.
  • Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments
    Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments
    Coinbase Wallet now allows to register and store “.crypto” domains, featuring payments through domain handles instead of cryptographic addresses. Coinbase Wallet, a service of the largest crypto exchange in the United States, now supports “.crypto” domains via an integration with blockchain domain provider Unstoppable Domains. Coinbase users can now send payments to each other by simply typing a .crypto domain instead of using long-form cryptographic addresses, Unstoppable Domains told Cointelegraph on Aug.
  • US DOJ After $7.2 Million Crypto Ponzi Banana Fund
    US DOJ After $7.2 Million Crypto Ponzi Banana Fund
    The United States Secret Service (USSS) has executed a seizure warrant for 482 bitcoins and 1.7 million USDT from an alleged Ponzi scheme administrator. The post US DOJ After $7.2 Million Crypto Ponzi Banana Fund appeared first on CryptoPotato.
  • Judge Orders Trial in France for Alleged BTC Launderer Alexander Vinnik
    Judge Orders Trial in France for Alleged BTC Launderer Alexander Vinnik
    Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France. Also awaiting charges in the United States and Russia, suspected Bitcoin money launderer Alexander Vinnik could be facing a trial in France first. According to news agency Agence France-Presse (AFP), a Paris judge has ordered the Russian national to stand trial for extortion, money laundering, criminal association, and fraudulently accessing and modifying data in data processing systems.  The AFP stated French authorities have accused Vinnik of defrauding more than 100 people out of $160 million between 2016 and 2018. Vinnik, also known as "Mr.
  • How a South Korean Crypto Firm Became a Global Face Mask Exporter
    How a South Korean Crypto Firm Became a Global Face Mask Exporter
    A “medium-sized” South Korean crypto firm that built a facial mask factory as a response to the coronavirus pandemic has doubled down on its new line of business – and has won Amazon approval to start exporting its personal protective equipment to “Europe and the United States,” as well as approval from American health authorities. Back in March, Cryptonews.com
  • Today’s Cryptocurrency Trusts and Hedge Funds Amid Financial Crisis
    Today’s Cryptocurrency Trusts and Hedge Funds Amid Financial Crisis
    The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs. On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets.
  • On Solid Ground: Stablecoins Thriving Amid Financial Uncertainty
    On Solid Ground: Stablecoins Thriving Amid Financial Uncertainty
    The state of stablecoins: Demand for stablecoins continues to grow amid financial uncertainty. As a new COVID-19 stimulus bill is debated in the United States Senate and Bitcoin (BTC) begins to bounce back from its volatility lows, the demand for stablecoins continues to grow.
  • Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
    Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
    At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies.  A Reuters report published on July 31 cites anonymous sources who claim the People’s Bank of China has formally recommended that the State Council’s antitrust committee launch a probe into the activities of digital payments titans Alipay and WeChat Pay. The central bank has allegedly argued that both have used their ascendant position to stifle any possible competition in the field of digital payments.  If approved, an antitrust probe could be imminent China’s mobile banking sector processed roughly 56.2 trillion yuan ($8 trillion) in transactions in the last three months of 2019, according to Analysys statistics cited by Reuters.  Analysys estimates that AliPay, run by Alibaba affiliate Ant Group, and Tencent’s fintech business (largely WeChat Pay) occupy 55% and 39% of the country’s mobile banking market respectively. One of Reuters’ unnamed sources has said the PBoC formally recommended the State Council committee to investigate possible antitrust issues within the second quarter of 2020. Probe could throw cold water on Ant’s IPO plans The report notes that PBoC has already taken measures to erode the market dominance of both by announcing plans to standardize the interoperability of QR code payments in a bid to ease the entrance of smaller actors into the market. Should a formal antitrust investigation be launched, the news could be a blow for Ant Group’s highly-anticipated dual listing in Shanghai and Hong Kong, where it seeks an initial public offering at a valuation of a reported $200 billion. Following the central bank’s recommendation, the State Council antitrust has already been collecting information on bot
  • US Printed More Money in One Month Than in Two Centuries
    US Printed More Money in One Month Than in Two Centuries
    The Federal Reserve’s money printer has cranked up to ridiculous levels — but will it really lead to inflation? In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis. “The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote.
  • US Banks Get Crypto Custody Nod, but Instant Demand Surge Is Unlikely
    US Banks Get Crypto Custody Nod, but Instant Demand Surge Is Unlikely
    Announcement by US OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks. The Office of the Comptroller of the Currency, a division of the United States Treasury that supervises banking in the country, on July 22, issued an interpretive letter clarifying that nationally chartered banks are allowed to provide cryptocurrency custody services to their customers extended to storing cryptographic keys associated with the currencies.  In its letter, the OCC recognizes the current need for banks and other financial service providers to leverage blockchain technology and provide related services to their customers.
  • Coinbase Offers DAI Holders 2% Interest
    Coinbase Offers DAI Holders 2% Interest
    Coinbase is offering crypto customers 2% interest for their Dai holdings. US crypto exchange Coinbase is now offering a way for users in six countries holding Dai to earn up to 2% back from rewards. According to a July 29 post on the Coinbase blog, Dai (DAI) holders in the United States, UK, Netherlands, Spain, France, and Australia are now eligible to earn 2% annual percentage yield (APY) through its new program Dai Rewards.
  • It Is Time for Blockchain to Prioritize Diversity and Inclusion
    It Is Time for Blockchain to Prioritize Diversity and Inclusion
    Just as blockchain exists to innovate technological frameworks and finding better solutions, it has to improve gender diversity and inclusion in the space. The lack of gender and racial diversity in the tech space is no longer a “secret.” According to data from Statista, while the percentage of employed women across all job sectors in the United States has grown to 47%, the five largest tech companies on the planet — Amazon, Apple, Facebook, Google and Microsoft — have a workforce of only about 34.4% women.
  • Cleaning Up Crypto Exchange Wash Trading Will Take Global Regulation
    Cleaning Up Crypto Exchange Wash Trading Will Take Global Regulation
    Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating firms, exchanges and the larger crypto world.
  • China and US Must Learn From One Another and Collaborate on CBDC
    China and US Must Learn From One Another and Collaborate on CBDC
    The governments of China and the US frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition.
  • $12B Advisory Group CEO: BTC is Safe Haven Asset Amid Political Tension
    $12B Advisory Group CEO: BTC is Safe Haven Asset Amid Political Tension
    Bitcoin has the ability to replace gold as a safe haven for investors as the world turns digital, says Nigel Green. Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says Bitcoin’s recent bullish activity shows it has the power to replace proven safe haven assets like gold. In a statement on the deVere Group’s website posted July 27, Green said Bitcoin (BTC) is currently living up to its namesake as “digital gold” while it and other cryptocurrencies are more likely to be seen as safe haven assets.  “Up to now, gold has been known as the ultimate safe-haven asset, but Bitcoin — which shares its key characteristics of being a store of value and scarcity — could potentially knock gold from its long-held position in the future as the world becomes ever-more tech-driven.” The CEO cited increasing political tension between the United States and China as one reason investors might choose “decentralized, non-sovereign, secure digital currencies” as a way to protect them from turbulence in traditional markets. Green’s comments were made following BTC’s rise to $10,000 on July 26, while the token is priced at more than $11,000 at the time of writing.  Commodity follows suit Gold has also reached a new record intraday high of $1,975 per ounce as of today amid news the US government would be passing another $1 trillion stimulus bill in response to the economic impact of COVID-19.  Prominent gold bug Peter Schiff has predicted the price of the commodity will continue to “soar” beyond $2,000 as the Fed keeps printing dollars.
  • How The US-China Capital War Ray Dalio Warns Of Could Benefit Bitcoin
    How The US-China Capital War Ray Dalio Warns Of Could Benefit Bitcoin
    Economist Ray Dalio is warning the world of a potential “capital war” brewing between the United States and China.
  • The answer to 'What is XRP?' may decide its crypto-custody future
    The answer to 'What is XRP?' may decide its crypto-custody future
    The crypto-community has been in a buoyant mood over the past few days owing to a recent decision taken by the United States' Office of the Comptroller of Currency.
  • Things to Consider When Giving Crypto to Charities or Others
    Things to Consider When Giving Crypto to Charities or Others
    Here are some important things to know before giving donations in cryptocurrency for charitable purposes. Last month, the United States Congress increased the tax benefits of charitable giving in the CARES Act in hopes that people will give more.
  • Complex Compliances: Checklist for Crypto ATM Operators
    Complex Compliances: Checklist for Crypto ATM Operators
    Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex. The very first Bitcoin (BTC) ATM came to the United States in 2014 to Austin, Texas.
  • Bitcoin Is Officially Money, Says US Federal Court: Why It’s Not a Big Deal
    Bitcoin Is Officially Money, Says US Federal Court: Why It’s Not a Big Deal
    In the United States, occasionally, court decisions set a precedent for future interpretations of the law.
  • BTC-funded Escape, 1,000 Twitter
    BTC-funded Escape, 1,000 Twitter "Gods," Bitcoin Suisse Gets USD 49m + More News
    Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Legal news Ex-Nissan chief Carlos Ghosn’s son sent some USD 500,000 in bitcoin (BTC) to an American suspected of helping Ghosn escape, said prosecutors in the United States.
  • Opera Expands Crypto Wallet Top-Ups to the UK
    Opera Expands Crypto Wallet Top-Ups to the UK
    Opera users in the United Kingdom can now purchase cryptocurrency directly via bank accounts or digital banking app Revolut. Opera, a popular web browser, continues to expand its cryptocurrency integration by extending crypto wallet top ups to the United Kingdom. After introducing the service to the United States and some European countries earlier this year, Opera now provides crypto purchases in the UK through a partnership with crypto processor Ramp. Direct to the source As announced to Cointelegraph on July 24, the solution implements European Open Banking APIs and enables low-fee crypto top-ups via bank accounts or digital banking app Revolut. Charles Hamel, head of crypto at Opera, says that at the launch UK customers will be able to purchase Ethereum (ETH), with more cryptos coming in the near future.  Since Opera launched its first crypto wallet back in 2018, the service has rolled out support for a number of cryptocurrencies including Bitcoin (BTC) and Ether, as well as various ERC-20 and ERC-721 tokens. “This means we largely cover most of the top 100 digital assets,” Hamel said.
  • How Will Bitcoin Respond To Its Biggest Listing Yet? The United States
    How Will Bitcoin Respond To Its Biggest Listing Yet? The United States
    Bitcoin price is at a pivotal moment, potentially ready for a breakout into a new bull trend.
  • Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status
    Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status
    The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.
  • US Lags Behind Other Nations Regarding CBDCs, Says Former CFTC Commissioner
    US Lags Behind Other Nations Regarding CBDCs, Says Former CFTC Commissioner
    According to former CFTC Commissioner Sharon Bowen, the US is behind other nations working on a CBDC. Sharon Bowen, a former Commissioner at the United States Commodities Futures Trading Commission, today said that the US was falling behind other nations that are working on a central bank digital currency, or CBDC. During a webinar hosted by the consultancy firm Accenture, Bowen — currently a board member at Intercontinental Exchange — said that a CBDC would help the US dollar maintain prominence in the world economy. She stated that if the US does not want other nations to “threaten the monetary policy or monetary supply” of the dollar, it must seriously consider cross-border transactions through the use of a CBDC. Bowen stressed that, while the Federal Reserve chairman believes that the government and not private entities should develop the CBDC, it was important to bring multiple stakeholders for a more diverse perspective. She said, “It's really important that we decide how that technology would operate alongside our existing and future financial systems… We need to make sure that these markets are free from operational risk and system outages and, you know, to make sure that we continue to have a resilient financial system.” Late to the game? Adding to what Bowen said, the head of blockchain at the World Economic Forum, Sheila Warren, said that the US was certainly late to the game but whether it is still behind was a separate question. She explained that developing nations are able to more easily experiment with a CBDC because they are exploring use cases on a domestic level.
  • Commissioner Hester Peirce Agrees with Telegram CEO Pavel Durov’s Criticism of SEC
    Commissioner Hester Peirce Agrees with Telegram CEO Pavel Durov’s Criticism of SEC
    Commissioner Hester Peirce, affectionately knowns as ‘CryptoMom’, believes the SEC’s court victory over Telegram was inappropriately reached and has further stifled innovation for the United States.
  • US State of Texas Saddles Up to Become the Next Blockchain Capital
    US State of Texas Saddles Up to Become the Next Blockchain Capital
    Texas ups its aspirations to become the go-to place for crypto in the US, forming a new blockchain council and highlighting the state’s mining capabilities. Everything is bigger in Texas, and now the state with the second-largest geographical area in the United States is aiming to prove that it can lead the way in blockchain innovation. While well-known companies like Hedera Hashgraph and Bitmain have already established a strong presence in Texas, the state has recently formed its own blockchain committee.
  • Grayscale Receives FINRA Approval for BCH and LTC to Trade Publicly
    Grayscale Receives FINRA Approval for BCH and LTC to Trade Publicly
    Financial regulators in the US approved shares of Grayscale Investments’ Bitcoin Cash and Litecoin trusts for trading on OTC Markets. Crypto fund manager Grayscale Investments will make Bitcoin Cash and Litecoin available for public trading through shares of the firm’s cryptocurrency trusts. In the July 20 announcement, Grayscale said the Financial Industry Regulatory Authority (FINRA) in the United States had approved shares of the firm’s Bitcoin Cash Trust and Litecoin Trust for public trading.
  • Grayscale CEO Optimistic that US Regulators Can't Stop Bitcoin
    Grayscale CEO Optimistic that US Regulators Can't Stop Bitcoin
    Barry Silbert, CEO of Grayscale Investments thinks that Bitcoin has too much support from policymakers in the United States to ever be shut down completely.
  • Grayscale CEO: US Regulators Can’t Shut Down Bitcoin
    Grayscale CEO: US Regulators Can’t Shut Down Bitcoin
    Grayscale CEO Barry Silbert believes the United States is past the point where regulators have the support to ban crypto assets like Bitcoin. Barry Silbert, CEO of cryptocurrency investment firm Grayscale Investments and Digital Currency Group, believes the United States is past the point of no return for banning Bitcoin.  In a Grayscale investor call on July 16, the CEO said he was “cautiously optimistic” about the chances of regulations in the US improving or at least not getting worse for the cryptocurrency.  "For the first time ever, we are past the 'ban bitcoin' perceived risk," Silbert said.
  • Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms
    Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms
    The recent high-profile hack of Twitter accounts where 12 BTC was stolen is being investigated, and some exchanges may already know who did it. July 15 will go down as an infamous day for Twitter, as an unknown attacker managed to take control of a number of accounts on the social media platform before duping unwary users into a Bitcoin giveaway hoax. The event grabbed media attention, as some of the world’s most notable companies, politicians and business leaders had their accounts compromised before sharing similar messages touting a Bitcoin (BTC) giveaway that required users to send coins to an address before receiving double that amount back. The likes of Tesla founder Elon Musk, former United States president Barack Obama, 2020 US presidential candidate Joe Biden, Amazon owner Jeff Bezos as well as Microsoft co-founder Bill Gates had their accounts taken over to share similar messages telling users to send $1,000 to an address in order to receive $2,000 in BTC in return. The company Twitter accounts of Apple, Uber and CashApp were also used to share the duplicitous messages.