Bitcoin will take over as reserve currency, claims Coinbase CEO

Elon Musk warned that the government’s spending bill would bankrupt Americans and add $2.5 trillion in fiscal debt.  Arthur Hayes, Brian Armstrong, and Robert Kiyosaki expected a BTC boom amThe post Bitcoin will take over as reserve currency, claims Coinbase CEO appeared first on AMBCrypto.

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Crypto czar David Sacks claims he sold all his crypto holdings before taking on role

Crypto czar David Sacks says he currently does not own any crypto holdings since stepping into his role. Sacks is currently undergoing a government ethics review. On March 3, Sacks responded to a post made by Venture Capital correspondent George…

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Goodbye spare change? Elon Musk’s DOGE claims US penny is too pricey to make

Elon Musk’s Department of Government Efficiency, aka DOGE, aims to start trimming trillions in federal spending with an unlikely plan to get the ball rolling. In a tweet on Tuesday, DOGE — an agency formed by the Trump administration —…

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Trump’s Plan To Buy 500,000 Bitcoin Will Pass US Senate, Claims Scaramucci

Anthony Scaramucci, founder of SkyBridge Capital and author of the upcoming The Little Book of Bitcoin, has voiced his belief that a sizable government purchase of Bitcoin—potentially as much as 500,000 BTC—will advance through the US Senate.

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French bettor wins $79m on pro-Trump Polymarket bets, government threatens to ban site

A French-based gambler earned almost $79 million from betting on Donald Trump’s presidential win across nine Polymarket accounts, Chainalysis claims. Meanwhile, the French government threatens to ban the decentralized betting site.

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Tether CEO breaks down reserves backing USDT stablecoin

The Wall Street Journal cited unidentified individuals as the source of the claims that the United States government is investigating Tether.

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Binance exec’s trial brought forward despite no access to legal counsel 

Amid multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its naira currency.

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US government disputes ex-FTX exec Ryan Salame’s bid to undo guilty plea

The US government has pushed back against former FTX executive Ryan Salame’s attempt to void his guilty plea, which he claims was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond.

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Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

Salame's counsel argued in a filing that the government resumed investigating his domestic partner, ADAM CEO Michelle Bond, despite despite assurances that the investigation would cease if he cooperated.

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Ryan Salame seeks to void guilty plea, says fed didn’t keep promise

The government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.   

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US Government Is Selling Bitcoin, Top Lawyer Claims

The US government is selling Bitcoin, according to this finance lawyer

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Nigeria rejects claims of poor prison conditions, health for Binance exec

Mohammed Idris, Nigeria’s minister of information and national orientation, emphasized that Gambaryan enjoys full consular support from his home government.

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Ripple CEO Claims US Government Is Obviously Going After USDT; Tether’s Ardoino Claps Back

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Nigeria claims Binance’s bribery allegations are ‘blackmail’

The Nigerian government has refuted bribery allegations made by crypto exchange Binance, which were described as baseless and an attempt to distract from the company’s legal challenges in the country, according to a press statement released on May 8.

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Nigeria denies “phantom” Binance bribe claims

Nigeria’s federal government refuted claims from Binance CEO Richard Teng, accusing officials of demanding a “significant payment” to resolve ongoing disputes.

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India’s NIC Creates Blockchain Vertical, Claims 79 Million Government Documents are Stored On Blockchain Platforms

India is embracing blockchain technology in governance on a growing scale. In the latest move, the National Informatics Centre (NIC) under the Ministry of Electronics and Information Technology (MeitY) has created a Centre of Excellence in Blockchain Technology (CoE-BCT).

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Coin Center Shrugs Off Sen. Warren’s Ex-Government Recruitment Claims

Delve into the controversy as Coin Center's executive director, Brito, counters accusations from Senator Elizabeth Warren, asserting that the non-profit is not undermining government authorities.

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A new government report claims most Canadians regret investing in crypto assets

In 2023, the number of cryptocurrency owners in Canada decreased slightly, but the average holdings increased significantly. According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets. While the number of Canadians…

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Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

The testimony will challenge the government‘s claims, especially the counsel’s role in auto-deletion, north dimension creation, payment agent agreement, Alameda loans and FTX terms of service.

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Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims

U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections.

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Ex-Binance.US CEO Weighs In On Stablecoin Regulation, Claims A Boost For Dollar Adoption

Former Binance.US CEO and an ex-acting US Comptroller of the Currency Brian Brooks has commented on the ongoing discourse regarding stablecoin regulation in the US.  In an interview with CNBC on Friday, August 11, Brooks, now a partner at Valor Capital Group, took a stance against stablecoins opposition in the US government, saying that a […]

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Bittrex withdrawals set to resume after bankruptcy court gives green light

The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC.

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‘Ludicrous’ to think Signature Bank’s collapse was connected to crypto, says NYDFS head

The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement “Operation Choke Point 2.0.”

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JP Morgan CEO Suggests Land Expropriations, Why This Could Drive Investors Towards Bitcoin

The CEO of banking behemoth JP Morgan, Jamie Dimon, made several controversial statements that could support Bitcoin’s bullish long-term thesis. According to a report from the Telegraph, Dimon claims that the government “should seize private” property to build renewable energy projects.

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German investigators sell Crypto Queen’s house, Ignatova is still missing

Ruja Ignatova, aka the Crypto Queen, has resurfaced after more than five years in hiding. The OneCoin founder is linked to a British government filing for a London property. However, her actual location is still unknown. Meanwhile, BBC claims that…

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US Prosecutors Launches Website For SBF Victims, Asks Them to Send Email

The US government has urged Sam Bankman-Fried's (SBF) victims to get in touch with the prosecutors in other to verify their claims. The post US Prosecutors Launches Website For SBF Victims, Asks Them to Send Email appeared first on BeInCrypto.

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U.S. Senator Claims Binance Has Ties to Chinese Government

Senator Bill Hagerty (R-TN) claims that Binance has ties to the Chinese Communist Party

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eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary

Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on October 25, 2021, with President Muhammadu Buhari saying Africa’s first Central Bank Digital Currency (CBDC) would “increase remittances, foster cross-border trade, improve financial inclusion and enable the government […] The post eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary appeared first on CryptoSlate.

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Bitcoin Price Seen Climbing As Surge In Jobless Claims Can Trigger Crypto Rally

Bitcoin, as with other cryptocurrencies, is not a legal tender issued by the government. It is not fiat and therefore won’t give in to inflationary pressures like the one being experienced in the United States today.

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Japanese Government to Include Metaverse and NFTs in Digital Transformation Plan

Fumio Kishida, Japan’s prime minister since 2021, has stated that the government will promote Web3 services, such as those involving nonfungible tokens, or NFTs, and the Metaverse. Fumio Kishida claims that as part of the Japanese government’s commitment to digital…

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CZ denies claims that Binance is in ‘the pocket of the Chinese government’

Binance CEO Changpeng ‘CZ’ Zhao has responded to allegations that his company is owned by a secret Chinese agent “Guangying” and thus owes its loyalty to the Chinese government.

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CZ hits back at claims Binance is a Chinese company

The Binance founder has also detailed some personal and business-related challenges he had to overcome from the Chinese government, even before the launch of Binance in 2017.

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Voyager Digital’s Clash With US Regulators Followed by Broader FDIC Warning

The day after demanding Voyager Digital erase its claims that customers’ funds would get government protections, the U.S. Federal Deposit Insurance Corp. issued a broader warning to bankers that they need to keep their crypto partners in line.

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Stop Lying to Customers, Fed and FDIC Order Voyager

The two institutions called Voyagers deposit insurance claims false and misleading. Voyager Ordered to Stop Misleading Customers Voyager Digital allegedly lied to its customers that the government was insuring its...

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Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers

The Federal Reserve and Federal Deposit Insurance Corp. issued a cease-and-desist order to Voyager, saying it made false claims that its customers would have government protections.

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UK Risks Falling Behind the Curve in Terms of Crypto Adoption, Claims Ex-Government Minister

The United Kingdom is lagging in terms of crypto development and has “missed a trick," according to a former government finance minister. The post UK Risks Falling Behind the Curve in Terms of Crypto Adoption, Claims Ex-Government Minister appeared first on BeInCrypto.

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Iranian government to cut power supply for the country's legal crypto mining rigs

For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable.

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Binance Hits Back At Reuters, Claims Data Sharing Report With Russia Is ‘Categorically False’

Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months. Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them.

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Is The Bitcoin Hashrate Recovering From Kazakhstan’s Crisis? Fear Abides

As the government of Kazakhstan claims the country’s power services are stabilizing, thus the Bitcoin hashrate could be on its way to recovery. However, is the situation stable enough for Bitcoin mining yet? Will it ever be? A Recap Just a few days after the Bitcoin hashrate reached an All-Time High, thus recovering from the China ban on crypto mining, another authoritarian crisis hit the bitcoin mining industry in Kazakhstan, taking the hash to drop 15% in 10 days.

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El Salvador’s Citizens Claim Their Bitcoins Are Mysteriously Vanishing From Their Chivo Wallet, Government Keeps Silent

Months after adopting Bitcoin as the national currency, El Salvador’s citizens are complaining of missing bitcoins. There have been claims that the Chivo wallet is not secure which affects the adoption of the digital wallet.

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India’s crypto bill creator claims there is a lot of misinterpretation

Subhash Garg, India’s former Finance Secretary and the creator of the country’s crypto bill, claims the belief that the government will ban private cryptos is a misinterpretation of the bill.

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Indian Government Working on Blockchain Framework to Ease Startup Compliance

Indian government agencies are contemplating leveraging blockchain technology to mitigate compliance burdens on startups, a report by Inc42 claims. Using Blockchain to Ease Startup Compliance In a bid to make it easier for startups to deal with compliance and regulatory hurdles, some Indian government agencies are mulling a move to distributed ledger technology (DLT). Specifically,Read More

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Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin

According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U. S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin.

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Crypto Investing has Left Gen Z Koreans With Massive Debt, Claims Government Official

A member of South Korea’s National Assembly has stated that the debts of the country’s younger generation saw a massive increase due to investment in cryptocurrency, stocks, and real estate.

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CIO Claims The Government Will “Stop The Music” On Bitcoin

Sentiment has sharply switched bearish on Bitcoin, and those that never liked the cryptocurrency in the first place are now out in droves doing further damage to the coin’s rep. The latest to add to fuel to the flames of FUD in crypto, is Amundi CIO Pascal Blanque, who says Bitcoin is a “farce,” is […]

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4Chan Insider Predicted Bitcoin Crash, Claims It Was A Coordinated Attack

Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k. Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. […]

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Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants.

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Ray Dalio claims Bitcoin could be outlawed in the US

Hedge fund manager Ray Dalio recently made a case that the US government could… The post Ray Dalio claims Bitcoin could be outlawed in the US appeared first on Coin Journal.

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India's central bank claims govt. shares its 'major concerns' about cryptos

Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country. Even though the Finance Minister of the country, Nirmala Sitharaman,The post India's central bank claims govt.

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