2023-3-8 21:37 |
If the crypto industry was looking for a silver lining in Federal Reserve Chair Jerome Powell’s testimony in a U.S. Senate hearing on Tuesday, the best he could offer was that he’s hoping there’s something useful and innovative amidst crypto’s mayhem. origin »
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A curated weekly summary of forward-focused crypto news that matters. This week, the Federal Reserve looks set to pause interest rate hikes. differences between federal and state-level views on crypto begin to form and Senators seek to pass banning CBDCs in the United States.
2023-3-27 14:01 | |
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The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision.
2023-3-9 21:02 | |
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Parts of the crypto universe should be encouraged to thrive as long as they don’t threaten the U.S. banking system, said Christopher Waller, a Federal Reserve Board governor, who also shared an optimistic note that the young industry will work out its problems.
2023-2-11 22:04 | |
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Jerome Powell, the chairman of the Federal Reserve, has reportedly argued about the validity of crypto as payment tools. According to the Russian Market, which first reported the statement, the FED chairman said that crypto “almost” didn’t get accepted for payments by merchants.
2018-9-28 19:00 | |
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A bill that seeks to create a task force to combat the use of cryptocurrency in financing terrorism has just passed the House of Representatives. House Resolution 5036 (H.
2018-9-28 01:12 | |
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In a landmark case for the cryptocurrency industry, a federal judge has ruled that a cryptocurrency caught in the midst of a lawsuit is a commodity, court documents reveal.
2018-9-28 23:15 | |
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The U.S. House of Representatives has reconsidered a proposed federal task force to investigate cryptocurrencies' use in financing acts of terror.
2018-9-27 21:00 | |
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The U.S. House of Representatives has reconsidered a proposed federal task force to investigate cryptocurrencies' use in financing acts of terror.
2018-9-28 21:00 | |
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Blockchain reduces paper processes, speeds up transaction times, increases efficiencies and builds trust among participants to a transaction, according to Sept. 23 IBM report on how distributed ledger technology (DLT) can improve how the federal government does business.
2018-9-26 23:15 | |
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Blockchain Raises “Red Flags” About Upcoming ICO On Thursday, Blockchain, one of this industry’s leading startups, took to its official blog to convey a surprising announcement.
2018-9-24 00:10 | |
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The U. S. Securities and Exchange Commission (SEC) has once again postponed a decision on the application for a Bitcoin Electronically Traded Fund (ETF) by VanEck and SolidX, in what is the latest update in a protracted regulatory process that has dragged on for several months.
2018-9-21 19:06 | |
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The federal tax-collecting authority should update its virtual assets guidance because the lack of clarity creates uncertainty for citizens, Capitol Hill lawmakers said in an open letter.
2018-9-21 12:54 | |
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Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.
2018-9-16 18:41 | |
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Lack of regulation has been a major problem for the cryptocurrency sector and government agencies trying to get a hold of this market. Now a new ruling from a US federal judge brings initial coin offerings (ICOs), the wildest space in the crypto markets, under the US securities law.
2018-9-14 20:24 | |
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The world of crypto can be wild and unpredictable. After all, it originally drew a following from those looking to escape overreaching financial institutions and governments. But now, a recent court ruling might give a federal agency the power to rein in cryptocurrencies like Bitcoin and Ethereum — should it decide to use it.
2018-9-13 00:08 | |
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On Tuesday, U. S. District Judge Raymond Dearie in Brooklyn, New York said that U. S. federal securities laws may cover initial coin offerings (ICOs), per Bloomberg report. This week’s ruling enhances the regulatory framework that governs cryptocurrencies by leveraging existing rules that already regulate the U.
2018-9-12 23:00 | |
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Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.
2018-9-12 22:09 | |
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Earlier today, the Securities and Exchange Commission (SEC) revealed that it went after two cryptocurrency establishments for alleged false marketing, according to two press releases via the Commission.
2018-9-12 05:57 | |
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Some days it feels like it’s all bad news for crypto. When the Federal Bureau says it’s not even a blip on the radar, the SEC delays another important decision, or the Chinese clamp down on content.
2018-9-12 22:30 | |
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A court in the USA has today ruled that tokens sold during ICOs count as securities under federal law, according to Bloomberg, which stated in an article that “Federal prosecutors won a key legal victory when a judge ruled that U.
2018-9-12 21:09 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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Despite the recent efforts by the SEC and various States, crypto regulation in the US is still underdeveloped. To date, no significant Federal laws have been established to oversee the crypto space.
2018-9-3 14:43 | |
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As BBC Russia reported, Rosfinmonitoring, known by its English name the Federal Financial Monitoring Service, has ordered a specific analytical tool that will give the agency the capability to track crypto transactions, focusing on the Bitcoin network.
2018-8-31 13:49 | |
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The Russian Federal Financial Monitoring Service (Rosfinmonitoring) is seeking to develop an analytical tool for tracking cryptocurrency transactions, specifically Bitcoin. BBC Russia reports that Russian authorities will attempt to use the new tracking system to detect cases of financial fraud and terrorist financing.
2018-8-30 20:09 | |
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Cody Wilson, the founder of Texas-based Defense Distributed, is now a renowned name in crypto circles, as well as in national media. After publishing printable 3D gun design files, he came under fire and was universally loathed and even faced an injunction.
2018-8-30 18:39 | |
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BBC News Russia has reported the quest by the Russian Federal Financial Monitoring service to develop a toll for tracking of crypto transactions particularly Bitcoin transactions. According to the report, the new tool is expected to be incorporated in the organisation’s monitoring system by the end of 2018.
2018-8-30 00:59 | |
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Telegram, the ICO led social messaging app is current banned in Russia, although according to reports, this ban could soon be overturned if the company agree to share their encryption keys with law enforcement authorities in Russia.
2018-8-29 08:00 | |
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Cryptocurrency is looking at green candles… and green markets, today. Alt Thirty-Six, an Arizona-based startup, is soon to complete integration of a Dash-based payment system that may free the legal cannabis industry from the straitjacket of federal regulations.
2018-8-29 01:41 | |
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The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.
2018-8-28 20:18 | |
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The crypto industry has scored another first, as a junior U. S. Senator from Montana, Steve Daines, has lobbied against the planned closure of a coal-fired power plant in Rosebud County, arguing that its closure could harm the growing cryptocurrency mining industry in the state.
2018-8-28 19:11 | |
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A new warning from the US Federal Trade Commission cites an increasing number of crypto scams targeting ‘unfaithful’ men. According to the FTC, scammers have been tracking down unfaithful men and demanding payments in the form of Bitcoin in exchange for not revealing the target’s alleged affair to their spouse and family.
2018-8-23 01:27 | |
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The Federal Trade Commission (FTC) is attempting to combat bitcoin blackmail scams by offering consumers advice through its website. In an article published on August 21, the FTC Division of Consumer and Business Education posted a sample quote from a typical BTC blackmail scam: “I know about the secret you are keeping from your wife […]
2018-8-22 21:42 | |
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In 2016, Edward Phipps, a U. S. citizen and the resident of Maine, was stopped by local police for driving one mile over the speed limit. Police officers requested Phipps to step out of the vehicle, confiscated $46,000 in cash found in his car, and forced him to forfeit it to federal prosecutors.
2018-8-8 18:00 | |
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Omniex, which is a crypto trading platform focused on institutional investors, has recently called two high profile US financial regulators for its board of advisors. They are the former US Securities and Exchange Commision (SEC) chairman, Arthur Levitt and Sheila Bair, which was the chair of the Federal Deposit Insurance Corp (FDIC). The company has […]
2018-8-8 11:38 | |
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The Distributed 2018 conference that recently took place in San Francisco was accompanied by a new edition of the Distributed Dialogues podcast, a collaborative show between the Let’s Talk Bitcoin Network and Distributed Magazine.
2018-8-4 23:48 | |
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When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.
2018-8-4 22:49 | |
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The electoral campaign finance board of North Carolina will not allow election candidates to accept crypto donations in order to fund their campaigns. Although the Federal Election Commission in 2014 allowed candidates for federal office to accept Bitcoin donations, U.
2018-8-2 09:00 | |
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The U. S. Securities and Exchange Commission (SEC) has postponed the review of Bitcoin ETFs proposed by investment firm Direxion Asset Management, as it needs more time to study the proposal before reaching a final decision.
2018-7-26 23:43 | |
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Coinbase, the San Francisco based cryptocurrency exchange announced on July 20th the launch of its Political Action Committee that will focus exclusively on handling the political. As a substantial step to secure its future, Coinbase made some documents public that registered its PAC with the Federal Election Commission (FEC). With it, Coinbase becomes the first […]
2018-7-24 21:15 | |
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In the run-up to the United States midterm elections that will be held in November, Coinbase has launched a political action committee. As it was revealed in a filing by the United States Federal Election Commission (FEC), one of the most popular cryptocurrency exchange platforms in the world Coinbase has formed a political action committee
2018-7-23 14:58 | |
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At the same hearing that Sherman attended, Federal Reserve Chairman Jerome Powell said cryptocurrencies are “great if you’re trying to hide or launder money.” In the wider context, it’s clear that we have actually come some way forward in regulatory comprehension of this technology. The influence of a parallel market Part of this shifting tide
2018-7-23 14:37 | |
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The cryptocurrency platform and exchange Coinbase has decided to build up a Political Action Committee known as PAC. The information has been revealed on Friday by the U. S. Federal Election Commission.
2018-7-21 22:07 | |
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Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night. A disclosure published by the U. S. Federal Election Commission revealed that the exchange formed the “Coinbase, Inc.
2018-7-21 10:10 | |
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Jerome Powell Claims Bitcoin is Not a Real Currency and Has No Intrinsic Value The head of the United States Federal Reserve issued a warning to Congress earlier today regarding cryptocurrencies. Federal Reserve chair Jerome Powell, who took the position in February, said on Capitol Hill that bitcoin and other cryptocurrencies are dangerous to “unsophisticated […]
2018-7-21 00:41 | |
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Head of the Federal Reserve, Jerome Powell on Wednesday in responding to a US federal Committee said that cryptocurrencies did not pose a “significant risk” to the stability of the current financial system.
2018-7-20 10:06 | |
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Jerome Powell, chairman of the U. S. Federal Reserve, raised concerns about cryptocurrencies on Wednesday, saying they present serious risks to investors. During his testimony before the House Committee on Financial Services,Powell was asked for his opinion on cryptocurrencies and he had few kind words for the sector.
2018-7-19 15:00 | |
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The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering.
2018-7-19 14:05 | |
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On Wednesday morning, the U. S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U. S. government. Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool Jerome Powell, the chairman of the U.
2018-7-19 10:30 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide, including a city of Mentor resident, have been identified.
Bitcoin has plunged below $80,000, marking its lowest point since November 2024, as the broader crypto market experiences a significant downturn. The ongoing sell-off has erased nearly all gains recorded after Donald Trump’s election victory, signaling a period of intense volatility.
Ripple CEO Brad Garlinghouse is optimistic about the progress of crypto regulations in the United States after engaging with lawmakers in Washington, D. C. In a Feb. 13 post on X, Garlinghouse shared that he met with several policymakers in Washington, D.
Kraken has announced its on-chain staking product is now available to US clients in 37 states. The exchange supports 17 cryptocurrencies, including Ethereum, Solana, Polkadot, and Cardano. Regulatory challenges saw the exchange halt the staking feature that it initially launched in 2019.
The US Commodity Futures Trading Commission (CFTC) has appointed Harry Jung to spearhead its crypto, DeFi, and digital assets efforts. Jung will also serve as Acting Chief of Staff under Acting Chair Caroline Pham, according to a Jan.
Solana’s decentralized exchange (DEX) ecosystem has achieved a record-breaking milestone, surpassing $200 billion in trading volume. This milestone represents the highest monthly volume recorded across a single blockchain.
The US District Court for the Western District of Texas has overturned the sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) on crypto-mixing protocol Tornado Cash.