United States

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States.On the same day, investment giant BlackRock met with the country’s securities regulator to pitch an updated ETF model based on the ag ...

Investors are eagerly anticipating the potential approval of a spot bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). The excitement began in early June when the investment giant BlackRock submitted a filing for the product and gained further moment ...

Wally Adeyemo, Deputy Secretary of the United States Treasury, said his department is looking into new sanctions tools to pursue bad actors in the crypto space, citing a recent settlement with Binance.In prepared remarks for the Blockchain Association’s Policy Summit on Nov. 29, Adey ...

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on cryptocurrency mixer Sinbad, alleging the platform was responsible for laundering funds for the North Korea-based hacking group Lazarus.In a Nov. 29 announcement, OFAC said Sinbad had “proc ...

The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The agency has requested written comments on both proposals to approve or deny the appli ...

A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs.In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Jed Rakoff approved the confident ...

Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange.Recipients have spe ...

A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC).In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Gregory ...

Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for United States-based exchange Binance.US.In a Nov. 28 X — formerly Twitter — post, Binance.US reminded users the ...

Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways ...

Changpeng “CZ” Zhao, who pleaded guilty to one felony charge as part of a settlement with the United States Department of Justice involving crypto exchange Binance, may not be permitted to leave the country as he awaits sentencing.According to a Nov. 27 filing in U.S. District Court for th ...

IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.  ...

Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down.In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership ...

A recent court filing suggests that Changpeng "CZ" Zhao's legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money Laundering requirements in a settlement with the Department of Justice. Zhao is expected to be sentenced in February 2024. H ...

California Governor Gavin Newsom has stressed the importance of people staying ahead of the curve in generative artificial intelligence (GenAI) by acquiring new skills and becoming acquainted with the emerging technology.As outlined in the report, there is a suggestion that residents of Ca ...

Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor at Columbia Business School and author, the Department of Justice’s approach in the case is very different from what is ...

Former Binance CEO Changpeng "CZ" Zhao has opposed the United States government's efforts to block his return to the United Arab Emirates (UAE) to be with his family while awaiting sentencing following his guilty plea.In a court filing on November 23, Zhao’s lawyers urged the judge to reje ...

Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin ...

The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in ...

Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory clarity on aspects of the digital asset space, including stablecoins.Speaking with Cointelegraph at the North American Blockchain Summit o ...

The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa. According to local state regulations, any entity or individual engaged in currency ...

A federal appeals court in New Orleans is considering a proposal that would mandate lawyers to confirm whether they utilized artificial intelligence programs to draft briefs, affirming either independent human review of AI-generated text accuracy or no AI reliance in their court submissions. ...

Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an "X” (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders. Over the last 12 months, leaders of major crypto exchanges such as FTX and Bina ...

CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI ...

Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.”In a Nov. 22 X post, Nansen said  ...

United States-based cryptocurrency exchange Coinbase has renewed its call to compel the Securities and Exchange Commission (SEC) to respond to the company’s petition to create rules on crypto, using the regulator’s recent enforcement action against Kraken to back up its claims. ...

Amid ongoing confusion, uncertainty and rumors around the recent departure of Changpeng “CZ” Zhao as Binance CEO, his replacement, the new Binance CEO Richard Teng, took to X (formerly Twitter) to attempt to boost investor confidence.Soon after CZ announced he was stepping down ...

The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF.The $4.3 billion settl ...

The United States Federal Trade Commission (FTC) approved a new streamlined process for investigating cases involving the unlawful use of artificial intelligence (AI), marking an increased focus on addressing potential legal violations related to AI applications.The commission unanimously ...

Just two days after Microsoft CEO Satya Nadella hired former OpenAI CEO Sam Altman to lead a new advanced AI research team, OpenAI backtracked on its decision to let go tOn Nov. 22, OpenAI announced a new agreement that would see the return of Altman as the company CEO. The company co ...

Binance and its founder Changpeng"CZ" Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines The Here's what happened.Feb. 15: Binance was under suspicion since 2018Reports emerged th ...

CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States.Bromberg — also CEO o ...

Officials with the United States Department of Justice announced that Binance CEO Changpeng "CZ" Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the exchange.In a Nov. 21 press conference, Attorney General Merrick Garland ann ...

A federal court has released the indictments against Binance and CEO Changpeng "CZ" Zhao filed under seal on Nov. 14, in which the United States government said it expected the cryptocurrency exchange and CZ to enter guilty pleas. In Nov. 14 filings in U.S. District Court for the West ...

The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams.In a Nov. 21 announcement, the Justice Department said the seized fund ...

Binance founder Changpeng "CZ" Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice (DOJ) prepares to announce that it's secured a $4.3 billion settlement with the company.According to The Wall Street Journal, CZ intends to plead guilty to several ch ...

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).In a Nov. 20 announcement, Celsius said the core business of the ‘NewCo’ company proposed under ...

Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns.So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far bac ...

The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it failed to register as an exchange, broker, dealer and clearing agency with the regulator and claimed it commingled customer funds. In a Nov. 20 complaint, the SEC claimed that since 2018, ...

ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.ARK Invest, on Nov. 20, filed another amended prospectus for its spo ...

Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the United States Department of Justice (DOJ). In a Nov. 20 announcement, Tether said it had worked with the DOJ and crypt ...

OpenAI’s board of directors ousted founder Sam Altman on Nov. 17, shocking the technology world, while appointing Mira Murati as its interim CEO. Since then, the board has been facing strong criticism from the startup major clients and investors. According to a Bloomberg report, ...

Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won't be without challenges.In an interview with Bloomberg on Nov ...

Senator Elizabeth Warren has emphasized the risks of cryptocurrency scams targeting senior citizens in the U.S., with the support of a cybersecurity expert supporting her legislation on digital assets to prevent future scams.In a recent senate hearing, Warren outlined the significant incre ...

Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF).In a filing with the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to ...

The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees.The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics fr ...

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.A new DeFi report has highlighted that a significant amount of crypto lost to exploits was due to tradi ...

European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.CoinShares said on Nov. 17 that ...

Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at th ...

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets” on Nov. 15. Th ...

The creator of the Mutant Ape Planet nonfungible token (NFT) collection — a knock-off of Yuga Labs’ Mutant Ape Yacht Club project — has pleaded guilty to conspiracy to commit wire fraud in a New York federal court.In a Nov. 14 statement, the U.S. Attorney’s Office f ...

A group of Tornado Cash users has filed an appeal in federal court following a ruling upholding the United States Treasury’s decision to add the cryptocurrency mixer to its list of sanctioned entities.In a Nov. 13 filing in the U.S. Court of Appeals for the Fifth Circuit, lawyers rep ...

The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15, but with the focus of the organization being on the region ...

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted a comment letter mainly in opposition to tax regulations proposed by the Internal Revenue Service (IRS).In a Nov. 13 letter, the Blockchain Association (BA) said proposed IRS rules introduced in ...

The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency ecosystem. The hearing, ‘Crypto crime in context: breaking down the illicit activity in digital assets,’ will feature prominent ...

Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use of cryptocurrency in money laundering. The letter discussed the Tron blockchain and stablecoin issuer Circle in ...

The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year.BlackRock’s intention to file for ...

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community.On Nov. 9, New York District Judge LaShann DeArcy Hall stayed a Nov. 8 bail release order after p ...

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.In a Nov. 10 statement, the Department of Justice (DOJ) said that U.S. District Ju ...

The Chinese artificial intelligence (AI) chip market has been subject to ongoing export restrictions which imposed by the United States from October 2022, which prohibited the sale of certain U.S. products to China. The U.S. initially blocked the export of the highest level of chips p ...

U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.The Ac ...

A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets.The program evaluation report of Maine uncovered the state’s lack of preparedness when it comes to handling cryptocurrencies. It ...

Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China calling for international cooperation on risks posed by artificial intelligence (AI). Xi’s speech, pre-recorded and broadcast at the conference, stressed the need for ...

Pro-crypto Congressman Tom Emmer is advancing an amendment aimed at depriving the United States securities regulator from using government funds to go after crypto enforcement.On Nov. 8, Emmer attached an amendment to HR 4664 — the Financial Services and General Government Appropriat ...

Binance’s arguments used in its motion to dismiss a lawsuit from the United States securities regulator relies on an incorrect legal analysis and have no basis in law, the regulator has argued.In a Nov. 7 court filing the SEC rebuffed Binance’s earlier bid to toss the regulator’s suit sayi ...

Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to unders ...

So much of the world’s economic steam depends on interest rates, which in turn are tied to inflation, i.e., the rate at which producer and consumer prices are rising. But measuring inflation isn’t easy. It is as much art as it is science. The world’s number one inflation index, ...

United States tech investment firm Coatue Management has marked down the value of its stake in non-fungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed showing Coatue reduced its investment from $120 million to $13 million — ...

As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be used in practice. In short, with the IRS set to keep tabs on Americans’ cryptocurrency usage through an expected 8 billi ...

Coinbase has expanded its Global Advisory Council with four national security experts, it announced on Nov. 7. The new members will help the cryptocurrency exchange assess the impact of regulatory uncertainty in the United States, it said.The Coinbase council will take on a decidedly more ...

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform.The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, i ...

Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards. The order established six new standards for AI safety and security, along with ...

Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange.At an Oct. 24 hearing of the United States Bankruptcy Court in the District of Delaware, Kevin Cofsky of Perella Weinberg Partners revealed he is negotiating wi ...

The Simpsons roasts NFTs in new Halloween episodeAnimated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.” ...

A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.In a proposed amendment to the Financial Services and General Government (FSGG), Rep. Tim Burchett suggested that Gensler’s salary be brought ...

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and on ...

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.Hong Kong’s potential entrance into spot crypto ET ...

Advisers for bankrupt crypto exchange FTX have been disclosing data from customers’ transactions and accounts with the Federal Bureau of Investigation (FBI), according to court documents seen by Bloomberg. In response to subpoenas issued by several FBI field offices during the past fe ...

China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.The deal was made with &ldqu ...

Sam Bankman-Fried was found guilty of all seven counts of fraud and conspiracy to commit fraud in the late hours of Nov. 2. The jury delivered its verdict in less than 10 minutes after nearly 4 hours of deliberation, leaving his parents to fall silent in the crowded courtroom at the Southern Dist ...

The United Kingdom’s global summit on artificial intelligence safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk. Musk was one of the many big names to attend the summit, including heads of O ...

The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing tax fraud.The J5 members comprise the criminal intelligence ...

The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims. A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency on Do ...

Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.Marathon teamed up with Nodal Power on the project. Nodal Power was launched in November 2022 and produces energy from land ...

The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial Intelligence (AI) Safety Institute Consortium. Participate in a new ...

As artificial intelligence (AI) continues to be pervasive in global industries, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks to artists. In a recent survey released by the private music studio house Pirate, 53% ...

ProShares, a major issuer of exchange-traded funds (ETF), has officially announced the launch of the short Ether-linked ETF.Incepted on Nov. 2, ProShares’s new Short Ether Strategy ETF is set to start trading on the New York Stock Exchange’s (NYSE) Arca under the ticker symbol SETH. The ne ...

While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill. On Oct. 24 Bitcoin staged its largest single day rally in over a year, su ...

Federal prosecutors claimed Sam "SBF" Bankman-Fried “doubled down” on the use of customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to U.S. government attorneys, Bankman-Fried paid for the buyout with funds from FTX customers.The prosecution is deliveri ...

Sam "SBF" Bankman-Fried’s trial has entered the final stages, with the prosecution delivering its closing arguments in the case on Nov. 1.Closing arguments are the last opportunity for lawyers to convince the jury and judge that they should win the case. Prosecutors had previously estimate ...

The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China. U.K. Prime Minist ...

As the holiday season approaches, anticipation in the cryptocurrency world heightens for the annual phenomenon known as the "Santa rally." Amidst this festive period, market dynamics tend to shift. This season, there are several factors that could influence the last few months of the year.Ins ...

United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issu ...

Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oc ...

A coalition of major social media platforms, artificial intelligence (AI) developers, governments and non-governmental organizations (NGOs) have issued a joint statement pledging to combat abusive content generated by AI.On Oct. 30, the United Kingdom issued the policy statement, which inc ...

Digital asset manager Valkyrie Investments is the latest firm to amend the spot Bitcoin (BTC) exchange-traded fund (ETF) filing with the United States securities regulators.Valkyrie on Oct. 30 filed an updated spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), accordi ...

Terraform Labs co-founder Do Kwon has requested a United States district judge to reject the securities and fraud suit from the federal securities regulator, claiming it has failed to prove they did anything wrong.In an Oct. 27 filing to a New York District Court, lawyers for Kwon and Terr ...

Following October’s tragic events in Israel, a narrative linking Hamas funding to cryptocurrencies emerged from The Wall Street Journal in an Oct. 10 story authored by the paper’s Angus Berwick and Ian Talley. It fueled Sen. Elizabeth Warren’s crusade against the crypto sector. ...

The administration of United States President Joe Biden released an executive order on Oct. 30 establishing new standards for artificial intelligence (AI) safety and security. Biden’s address said it is building off previous actions taken, including AI safety commitments from 15 leadi ...

The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters. According to the report, the code has 11 points that aim to promote “safe, secure, and trustworthy AI w ...

Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019. The video clip, which has recently made the rounds again on social media, shows the pre-SEC ...

Asset manager VanEck filed an amended application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 27 with the United States Securities and Exchange Commission (SEC), according to the regulator’s database.The amended filing highlights that a seed capital investor purchased ...

Ripple’s chief executive officer(CEO), Brad Garlinghouse, strongly criticized former Securities Exchange Commission(SEC) Chairman Jay Clayton’s remarks regarding the SEC’s regulatory approach. Beginning in the first quarter of 2023, the SEC has initiated various regulatory actio ...

Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making "big mistakes" during the companies’ fast-paced growth.  ...

Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY.In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action a ...

Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in ...

Cynthia Lummis, a crypto proponent representing Wyoming in the United States Senate, has called on the U.S. Justice Department to consider charges against crypto exchange Binance following the terrorist group Hamas’ attack on Israel.In an Oct. 26 letter to U.S. Attorney General Merri ...

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).In an Oct. 25 bankruptcy court filing, the lawyers helming FTX claimed the firm gave $6.5 million ...

Asset manager Hashdex recently held a meeting with the U.S. Securities and Exchange Commission to address the regulator's concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.  ...

Members of the United States House of Representatives have chosen Mike Johnson to be the body’s next speaker — the second in line to the U.S. presidency and a very powerful figure in Congress. In an Oct. 25 vote, all 220 Republicans present in the House voted for Johnson, ...

Sam Bankman-Fried (SBF) had a lot going against him well before the start of his criminal trial: the ire of many in the crypto space, suspicion from United States policymakers, and negative attention from some in the media looking for clickbait angles to associate with the former FTX CEO.  ...

Tom Emmer, the current majority whip and a crypto proponent, has reportedly dropped his bid to become the next speaker of the United States House of Representatives — a position second in line to the U.S. presidency.According to multiple reports from major news outlets on Oct. 24, Represen ...

Republican members of the United States House of Representatives have chosen Tom Emmer, the current majority whip and crypto proponent, as their nominee to be the next speaker. According to multiple reports from Oct. 24, Representative Emmer will be the Republicans’ nominee in t ...

The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts to identify “suspicious activity” related to funding terrorist groups.In an Oct. 20 notice, FinCEN said the terrorist org ...

Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the ...

The United States Treasury Department is reportedly planning to expand its sanctions to designate cryptocurrency mixers as money-laundering hubs following Hamas’ attack on Israel.According to an Oct. 19 report in The Wall Street Journal, Deputy Treasury Secretary Wally Adeyemo said the add ...

United States-based crypto advocacy organizations are calling out Senator Elizabeth Warren and other lawmakers for some of the claims made regarding connections between the terrorist group Hamas and financing through cryptocurrency.On Oct. 17, Sen. Warren and more than 100 lawmakers signed ...

Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United States Treasury’s proposed tax reporting regulations on cryptocurrencies. Grewal urged the community to oppose the proposed regulations as it could set a d ...

The United Kingdom (U.K.) will be hosting the world's inaugural international summit on artificial intelligence (AI) safety in Nov. 2023. This event seeks to establish the U.K.'s presence as a mediator between the United States, China and the European Union in the critical field of technology, po ...

North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and crypto proponent in Congress, is still temporarily in the third most powerful role in government after one of his Republican colleagues failed to secure enough votes.In a vote c ...

The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. The BIS wrote that the newly released rules “reinforce” those put in place back ...

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears.In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unper ...

A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change.On Oct. 16, the Pennsylvania House Environmental Resources and Energy Committee passed the Cryptocurrency En ...

A United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by Terraform Labs.In an Oct. 13 filing in U.S. District Court the Southern District of New York, Judge Jed Rakoff said Genesis would have 5 day ...

United States Securities and Exchange Commission chair Gary Gensler has reportedly stated that, without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence was “nearly unavoidable.” The chair’s comments came during an interview wit ...

Canadian startup Tenstorrent has entered into a partnership with Samsung's chip manufacturing division, marking a significant development in the AI chip industry. The collaboration aims to bring the next generation of AI chiplets to market, revolutionizing chip production for data centers. The partn ...

Bitcoin (BTC) has begun the last week of September by retesting the $26,000 support level as the cryptocurrency continues to trade in a narrow range. Despite a relatively uneventful week in terms of macroeconomic events, Bitcoin faces potential market-moving events in the days ahead. The weekly c ...

Alchemy Pay, a cryptocurrency payment gateway, is expanding its global presence with the acquisition of a major payment license in the United States. The company has successfully secured a Money Transmitter License in the state of Arkansas, according to an announcement made to Cointelegraph on Se ...

An intriguing trend is unfolding as an increasing number of investment firms in the United States and Europe are designating senior executives to spearhead their digital asset investment strategies. This development comes to light based on findings from a comprehensive market intelligence report. ...

Tom Emmer, the Majority Whip of the U.S. House of Representatives and a vocal critic of the Securities Exchange Commission (SEC) regarding its handling of cryptocurrency, has once again taken aim at the SEC's actions. Emmer's recent move is a significant amendment that spotlights what he sees as ove ...

Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter, when firms su ...

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets.In a Sept. 8 letter to U.S. Senators Ron Wyden and Mike Crapo, the Blockchain Association sai ...

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sep. 8. Fortress Trust provides regulatory and technology infrastructure for blockchain organizations. The co ...

The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI).The United States District Court for the Western District of Texas has ordered MTI to pay $1.7 billion in restitution to victims for operating a fra ...

Artificial intelligence (AI) usage in social media has been targeted as a potential threat to impact or sway voter sentiment in the upcoming 2024 presidential elections in the United States. Major tech companies and U.S. governmental entities have been actively monitoring the situatio ...

Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation.In a pre-recorded message for a Cato Institute event on Sept. 7, Pham said that following public roundtable disc ...

Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States.  ...

Ryan Salame, the former co-CEO of FTX Digital Markets, has pleaded guilty to charges related to defrauding the United States Federal Election Commission and conspiracy to operate an unlicensed money-transmitting businessAccording to a Sept. 7 announcement from the U.S. Justice Department, ...

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.In a Sept. 7 announcement, Republican lawmakers on the committee said they ...

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly planning to plead guilty to criminal charges related to his alleged involvement in illicit activities at the failed cryptocurrency exchange.According to a Sept. 7 Bloomberg report citing “people familiar with the case”, S ...

Miami Mayor Denis Suarez, who’s running for president of the United States, took a shot at his Republican counterpart in the presidential race, Florida Governor Ron DeSantis. Emphasizing his own support for crypto, Suarez said about DeSantis: “You gotta go beyond just sayi ...

Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers' reporting requirement.The Office of Advocacy of the U.S. Small Business Administrati ...

The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen.Speaking to Bloomberg on Sep. 7 about his firm’s July ...

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.According to a sealed adversary complaint filed on Sept. 6, Celsius is seeking injunctive relief and a declaratory judgment associated with the "recovery of mo ...

Amid the United States Securities and Exchange Commission (SEC) delaying a decision on Ark Investment Management’s spot Bitcoin (BTC) exchange-traded fund, the firm has proposed an investment vehicle with exposure to Ether (ETH).In a Sept. 6 filing, Ark Invest and 21Shares requested ...

Roman Storm, the co-founder of controversial cryptocurrency mixer Tornado Cash arrested in August, has reportedly pleaded not guilty to all charges related to money laundering and violations of United States sanctions.According to an Sept. 6 X thread from Inner City Press, Storm pleaded no ...

Federal Reserve governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him in position to become the Fed's next vice chair.In a 88-10 vote in the U.S. Senate on Sept. 6, Jefferson won a majority of support needed for his confirmation ...

A federal judge has ordered that certain bank accounts and properties connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the United States Justice Department.According to a Sept. 5 filing in U.S. District Court for the Southern District of New York, a judge si ...

Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market.Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase ...

A plurality of experts believe the United States should create a new federal agency dedicated to artificial intelligence governance, according to a survey conducted by Axios, Generation Lab, and Syracuse University.The survey polled 215 computer science professors across 65 of the most pre ...

Stablecoin issuer Tether has become one of the top buyers of United States Treasury bills in the world, according to a post by Tether CTO Paolo Ardoino. In a social media post, Ardoino highlighted that Tether currently has an exposure of $72.5 billion in US T-bills. The amount places ...

Bitcoin (BTC) has been on a bull run for the past six months or so and the market is yet to respond — but it will in around six to 12 months, according to BitMEX co-founder and former CEO Arthur Hayes.In a Sept. 5 keynote speech at Korea Blockchain Week, Hayes argued Bitcoin’s bull run beg ...

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”In the paper, dubbed simply “Taxing the Metaverse, ...

The race to list the first spot-traded Bitcoin (BTC) exchange-traded fund (ETF) in the United States has seen the entrance of major financial institutions like BlackRock, Fidelity and VanEck. While the U.S. Securities and Exchange Commission (SEC) first approved a Bitcoin-linked Futur ...

The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala (GALA) and the other, alleging corporate waste.On Aug. 31 Gala co-founders Wright Thurston and Eric Schiermeyer, also the fir ...

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings. According to data from block ...

FTX Debtors have disclosed a series of financial statements revealing any transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.In a recent court filing with the United States Bankruptcy Court for the District of De ...

The Public Service Commission of the state of Kentucky has denied a proposed contract that would have allowed a mining firm to receive a discounted rate on electricity provided by the power company.In an Aug. 28 order, the commission denied a contract between Ebon International and Kentuck ...

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters. This comes after disclosures were revealed in a Nvidia report that the U.S. government had expanded requirements ...

Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin — two ETF analysts have suggested investors turn their gaze to mid-October as the next "major days to watch."According to historical data, Bitcoin’s monthl ...

The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust first filed on Dec. 8 2021. The institutional giant refiled its ETF application on July 19, 2023 with the first deadline approaching.WisdomTree’s Bitcoin ETF proposal didn’t ...

On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s ...

Regulators in the United States have asked Nvidia to curb exports of artificial intelligence (AI) chips to “some Middle East countries,” according to its latest quarterly report. The report was released on Aug. 28, in which the company said the new regulations affect its A100 and H100 ...

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.On Aug. 31, Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S ...

A United States District Court judge has called Ether (ETH) a commodity in her dismissal of a class action lawsuit against the decentralized exchange Uniswap.In an Aug. 30 dismissal order of the case brought by Uniswap users who claimed they lost money due to scam tokens on the exchange &m ...

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newslette ...

The United States Copyright Office issued an official request for comments and notice of inquiry on copyright and artificial intelligence (AI) in the Federal Register on Aug. 30. The Copyright Office issued a notice of inquiry in t ...

Miami Mayor Francis Suarez, one of the few cryptocurrency-friendly candidates running for president of the United States in 2024, has announced he will be suspending his campaign.In an Aug. 29 announcement on X (formerly Twitter), Suarez said that while running for U.S. president had been ...

A federal judge has overturned the United States Securities and Exchange Commission’s decision to deny an exchange-traded fund (ETF) offering from Grayscale Investments through its Bitcoin (BTC) Trust, but many experts have pointed out the court ruling will not automatically lead to the fir ...

The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam Bankman Fried banned from testifying in court. In the motion, the DOJ claims SBF’s proposed experts and their accompanying disclosures “suffer from an array of def ...

Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On Aug. 25, in an effort to catch crypto users avoiding taxes, the Internal Revenue Services (IRS) proposed brokers follow new rules for selling and tr ...

The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...

Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to taxation of digital assets. In an Aug. 21 letter to Senators Ron Wyden and Mike Crapo, Coin Center pointed to the Virtual Currency Tax Fairness Act — a bi ...

Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator. For the first time, cryptocurrency was given a dedicated section in the Federal Deposit Insurance Corporation’s a ...

Crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection in Delaware after facing a shortfall in customer funds.The company said in an Aug.15 filing that it has between 25,000 to 50,000 creditors and estimated liabilities between $100 million to $500 million compared to ...

Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards since increasing its mining capacity in the first half of 2023.According to the company’s latest quarterly filing with the United States Securities and Exchange Commission, TeraWulf mined a total of 1,441 BT ...

The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief pred ...

But not everyone’s on board with the crypto ETF train. Critics argue that Bitcoin-linked ETFs could be even worse than centralized exchanges for the crypto market. Their main beef? There’s zero possibility of withdrawing the underlying instrument. This means the holders are never able to take adv ...

Grayscale Investments CEO, Michael Sonnenshein, highlighted a potential negative outcome for the United States economy if the Securities and Exchange Commission (SEC) continues to take a one-by-one approach to regulating the cryptocurrency industry.During a recent interview with Fox Busine ...

The United States Securities and Exchange Commission has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund (ETF) proposed by ARK Investment Management.In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to ...

The United States Department of Defence has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense.On Aug. 10, the Pentagon announced the formation of “Task Force Lima” that would look into integrating AI ac ...

The United States Securities and Exchange Commission has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange.In an Aug. 10 notice, the SEC said Bittrex and Bittrex Global agreed to pay $14.4 millio ...

Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.An Aug. 9 decision from Justice Elena Kagan decl ...

The United States Patent and Trademark Office (USPTO) has accepted CBS Studios’ application for the Star Trek name to be used in nonfungible tokens (NFTs) and crypto collectibles connected to its Continuum series.According to USPTO records, the government office registered the charac ...

In early August, sources leaked word that officials with the United State Department of Justice were considering fraud charges aimed at Binance, the world’s largest cryptocurrency exchange. However, they indicated, officials are worried that it could cause a run on the market akin to the November ...

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry. An Aug. 8 announcement by the Federal Reserve Board established the Novel Activities Supervision Program, which aims t ...

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States.According to an Aug. 8 Bloomberg report, lawyers for Salame could enter a guilty plea as early as September, in advance of former FTX CEO Sam Bankman-Fried&rs ...

CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission. The "Top Alleged Securities Coins" page sorts the selection of crypto assets by market capitalization, placing BNB (BNB) at the top of ...

The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin. ...

Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the Unit ...

In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy. According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy.“ The article explains how the country heavily depends o ...

Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board.Sullivan has over a decade of financial se ...

United States-based cryptocurrency exchange Coinbase has filed a motion to dismiss a lawsuit brought by the Securities and Exchange Commission in June.In an Aug. 4 filing with the U.S. District Court for the Southern District of New York, lawyers for Coinbase filed a motion for judgment, c ...

United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new "cringe" video advertising merchandise for his reelection campaign.On Aug. 3, President Biden tweeted: “A cup of Joe never tasted better” along with a video of himse ...

The United States Securities and Exchange Commission has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week. The latest ProShares ETF application was filed on ...

One-half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack.According to an Aug. 3 CNBC report, Ilya Lichtenstein told a U.S. court he was the individual behind an exploit of cryptocurrency exchan ...

A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”In an Aug. 1 letter, Democratic Senators Elizabeth Warren, Bernie Sanders, Bob Casey and Richard Blumenthal w ...

Robinhood released its second-quarter results, achieving profitability for the first time since becoming a public company, despite a drop in revenue in the second quarter of 2023. According to its quarterly report released on Aug. 2, Robinhood’s revenue from cryptocurrency transaction ...

The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers.According to an Aug. 2 Semafor report citing people familiar with the matter, Justice Department officials are concerned about a ...

United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC). In a filing to the Securities and Exchange Commission on Aug. 1, MicroStrategy announced it has entered i ...

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.In a July 31 court filing, FTX’s Official Committee of Unsecured Creditors (UCC) said despi ...

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.In an Aug. 1 filing with the U.S. Bankruptcy Court for the Southern District of New York, Davies ...

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, h ...

Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the American state of South Carolina. The facilities came online in February and March.The facilities are located in the western part of the state, with the first opening in the to ...

A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission.In a July 31 filing in the U.S. Bankruptcy Court for the Distric ...

Florida Gov. Ron DeSantis has pushed a platform based partly on “economic independence” in his 2024 presidential campaign, specifically taking a stance on digital currencies. Speaking at a campaign event in New Hampshire on July 31, DeSantis reiterated his plans of banning central ban ...

The United States Securities and Exchange Commission has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens. In a July 31 filing in U.S. District Court for the Eastern District of New York, th ...

According to a July 28 court filing, the United States Department of Justice (DOJ) is seeking the revocation of Sam Bankman-Fried’s (SBF) bail, accusing him of attempting to tamper with witnesses and leaking Caroline Ellison’s diary to The New York Times.The DOJ notes that SBF was released ...

Australian actress Margot Robbie, who is playing the lead in the new Barbie movie, has caused quite a stir within the crypto community after stating that simply talking about Bitcoin (BTC) gives off Ken vibes.In the last 24 hours, the crypto community on Twitter, including Microstrategy's ...

Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.Published by digital payment network Ripple, in collaboration with the US Faster Payments Council (FPC) on July 29, the report ...

The U.S. Securities and Exchange Commission (SEC) suffered another setback on July 28 as the D.C. Circuit overturned a ruling by the regulator ordering that SPIKES Index securities should be treated as 'futures' rather than as 'securities futures'. The judge panel called the SEC order "arbitrary ...

The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control. On July 31, the four branches of ...

The United States banking advocacy group, the Bank Policy Institute (BPI), has backed the legislation of vocal crypto critic Senator Elizabeth Warren, calling for digital assets to fall under its own set of Anti-Money Laundering (AML) laws.According to a July 28 Bloomberg report, Warr ...

Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog's recent statement advising accounting firms against taking on non-audit work for crypto firms.In a July 28 tweet, Pierce challenged the recent statement made by the ...

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading.The NDAA is a bill that helps authorize how the cou ...

The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration —  with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the United States. On July 28 the Committee said ...

Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation a ...

Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm. The document explores the risks stablecoins pose to the financial sys ...

United States House Financial Services Committee Chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.In a July 27 hearing, Representative McHenry said the version of the Clarity for Payment Stablecoins Act, H.R. 4 ...

Crypto degens have been quick to try and capitalize on a widely-watched hearing where former United States government officials have claimed the existence of alien spacecraft and “biologics."Testifying under oath at the House Oversight Subcommittee on National Security, David Grusch, ...

Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC) earlier this year — buying two BTC for each of his seven children.Speaking in a July 26 Twitter Space, Kennedy said the decision came after he received “a lo ...

United States prosecutors are expected to drop a charge against FTX co-founder Sam Bankman-Fried that alleged he haconspired to make unlawful campaign contributions.In a July 26 letter to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams said the government was informed ...

A key United States House panel has approved a pair of bills that could finally deliver some regulatory clarity to crypto firms — including clarifying the differences in jurisdiction between the U.S. securities and commodities regulators.On July 26, the majority of U.S. lawmakers vot ...

Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory clarity for crypto and blockchain technology.In a July 26 markup hearing, the committee had several bills on its agenda, including the Financial I ...

The EOS Network Foundation (ENF) is the latest entity to initiate legal action against major investor Block.one (B1) over its alleged failure to honor $1 billion in investment commitments.On July 25, ESF founder and CEO Yves La Rose took to Twitter to announce that the foundation is prepar ...

Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators.However, at least four of them are seen as potentially having a major impact on the industry (if pass ...

Coinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials.According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pie ...

Celsius was one of the top lenders in the crypto ecosystem during the bull market in 2021. At its peak, it served 1.7 million customers and managed $25 billion in assets.All that came crashing down in June 2022 amid major flaws in the company’s working structure.The bear marke ...

The latest development in the United States Securities and Exchange Commission’s lawsuit against cryptocurrency exchange Coinbase comes as a date is confirmed for the two parties to voice their initial arguments. On July 24, Coinbase’s chief legal officer, Paul Grewal,&nbs ...

Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple.In a July 23 tweet, Garlinghouse slammed the regulator for its "regulation by enforcement" approach, arguing it ...

San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency project, an Indeed job posting has revealed. According to the role description, the employee will work on CBDC research and development.The position is full-time and hybrid, wit ...

Payment protocol Ripple has recently applied for a registration as a crypto asset firm with the United Kingdom's Financial Conduct Authority (FCA), a spokesperson for the firm told Cointelegraph. The company is also seeking a payments license in Ireland as part of its massive investment in the re ...

Bankrupted crypto lender Celsius Network reached two settlements that allows it to return assets to customers and end its bankruptcy proceedings, according to court filings on July 20. The settlements will be analyzed by Judge Martin Glenn at a hearing on August 10 and address $78.2 b ...

Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused approach to regulating the decentralized finance (DeFi) sector.On July 20, crypto think tank Coin Center and crypto advocacy group the Blockchain Association released sep ...

Brian Brooks, former Acting Comptroller of the Currency for the United States government, has joined the board of directors for crypto-focused asset manager Hashdex.In a July 20 announcement, Hashdex said Brooks had become the fifth member of its board and will serve as a strategic advisor ...

Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission (SEC) in February, a court filing shows.  In a s ...

On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling mak ...

United States Securities and Exchange Commission (SEC) Chair Gary Gensler has called for “new tools, expertise, and resources” aimed at addressing misconduct in the crypto space in the regulator’s 2024 budget request.In prepared testimony for a July 19 hearing of the Subcommittee on Financ ...

Two members of the United States House of Representatives have added their names to a list of lawmakers criticizing Securities and Exchange Commission (SEC) Chair Gary Gensler’s approach to digital asset regulation. In a letter to Gensler dated July 19, Reps. French Hill and Dus ...

This month, Los Angeles-based nonfungible token (NFT) artist Ellie Pritts is celebrating “In the Screen I am Everything,” her first solo show in New York City — and her first time taking over pioneering net art gallery Bitforms. Eight animations from the technicolor exhibition are ava ...

Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president. Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard cu ...

The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing to show cause. In a July 14 filing, the Nevada court ordered the appointment of a ...

Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, is reportedly planning to meet with members of Congress to discuss digital asset legislation and related issues.According to a July 17 Bloomberg report, Armstrong has a scheduled meeting with the New Democrat ...

Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm.According to a July 17 report from The Wall Street Journal, Binance said it had stopped offering reimbursement to employees for certain expenses inc ...

Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing towards U.S. crypto businesses, according to a recent report.Published by crypto investment firm Galaxy Digital on July 14, the report stated that ...

Ripple CEO Brad Garlinghouse believes the United States Securities and Exchange Commission (SEC) will face a prolonged process before having the chance to appeal Judge’s Torres favorable ruling in the case against Ripple. On July 13, Judge Torres ruled partially in favor of Ripp ...

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.In a July 14 blog post, Coinbase said users in California, New Jersey, South Carolina, and ...

Binance is celebrating its sixth anniversary, with over 1,000 people reportedly laid off in recent weeks, The Wall Street Journal reported.According to former employees, cuts were global and customer-service workers were heavily affected, particularly in India. Including this week's layoff ...

On July 13, authorities arrested Alex Mashinsky, the former CEO of Celsius Network. He faces criminal and civil charges stemming from his time at the cryptocurrency lending platform, which he helped co-found in 2017.Though the potential criminal proceedings of Mashinsky and indictment of C ...

BlackRock CEO Larry Fink has delivered fresh remarks supporting cryptocurrencies’ role in democratizing investing worldwide, pointing to growing interest among the companys clients in digital assets.“More and more of our global investors are asking us about crypto,” Fink said dur ...

The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.On July 13, Jeremy Allaire appeared in a two-minute video by Circle, the issuer of USD Coin (USDC), targeted at lawmakers. ...

The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky.In a July 13 announcement, the U.S. Justice Department said it had charged Mashinsky wi ...

The United States Securities and Exchange Commission is taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.The securities regulator filed a lawsuit against Celsius’ former CEO, Alex Mashinsky, on July 13, charging the executive and Celsius ...

A pre-motion hearing set to take place on July 13 between the Securities and Exchange Commission (SEC) and crypto exchange Coinbase should provide a sense of the litigation tone and its potential impacts on the broader crypto industry, legal sources told Cointelegraph. Previously sche ...

United States Sens. Cynthia Lummis and Kirsten Gillibrand will reintroduce legislation aimed at establishing a comprehensive regulatory framework for digital assets.The U.S. lawmakers said they would reintroduce the Responsible Financial Innovation Act to the Senate on July 12 after roughl ...

A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 Bitcoin worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately p ...

The United States-based crypto advocacy group Blockchain Association has submitted a letter to the Securities and Exchange Commission’s (SEC) Office of Inspector General calling for an investigation into crypto firm Prometheum.In a July 12 letter, the Blockchain Association requested ...

Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.In a July 11 Twitter thread, Seira added his thoughts afte ...

Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not an investor in the leading cryptocurrency.A record obtained by CNBC shows Kennedy Jr. owned between $100,001 and $250,000 worth of Bitcoin at the ...

Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees.According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amo ...

According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities. ...

The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a nonprofit arts group.It is claimed that Powell interfered with computer accounts by blockin ...

The United States military has begun tests to see if generative AI can assist when planning responses to potential global conflicts or taking on more mundane tasks like providing faster access to internal information.On July 6, Bloomberg reported the U.S. Department of Defense and unnamed ...

United States-based cryptocurrency exchange Binance.US has reportedly seen its market share drop more than 20% amid a lawsuit from federal financial regulators.According to a July 5 report from Reuters citing data from Kaiko, the market share of Binance.US in the U.S. dropped from more tha ...

When the leaders of the American Revolution signed the Declaration of Independence on July 4, 1776, they had no guarantee of victory. The battle for independence was underway, and their prospects were uncertain. Despite occasional victories, these audacious freedom fighters were grossly outnumber ...

Despite recent narratives suggesting differently, the United States won't be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science.A swathe of hostile regulatory actions leveled at crypto firms in the United States in recent months has led ...

Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it.In its recent court filing, Bittrex argues that the SEC does not possess the neces ...

The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to determine if any of the exchange’s users had underreport ...

Here’s what happened in crypto today. South Korea passes crypto bill to tackle unfair tradingThe South Korean government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill.Chairman K ...

Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a heft ...

A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature.On June 28, the House passed the bill which would commission a $50,000 study to examine “acquiring, ...

Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, a commissioner at the U.S. Securities and Exchange Commission has argued.On June 29, Commissioner Hester Peirce — dubbed “Crypto Mom&rdquo ...

Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.According to a June 28 report from The Wall Street Journal, FTX restructuring chief John Ray said the company had “begun the process of soliciting interested parties to the reboot of the FTX.co ...

Following the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by petitioning for the appointment of a receiver.In a June 26 filing, the regulator petitioned the Eighth Judicial District Court of Nevada ...

Even the most stalwart crypto supporters could see why the Securities and Exchange Commission might target the crypto industry for some enforcement. Events of the past year — from the failure of Three Arrows Capital to the fraud at FTX — were bound to bring some scrutiny, and the indust ...

Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year. According to an internal company message seen by The Wall Street Journal, Robinhood Chief Financial Officer Jaso ...

The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea. The NFT collection was first revealed during a Reddit AMA on May 16, where agents answered questions from members of the r/cryptocurrency subreddit about ...

Michelle Bowman, member of the Board of Governors of the U.S. Federal Reserve System, has criticized the absence of a clear regulatory framework for novel technologies in the United States.During a speech at the Salzburg Global Seminar on bank regulation and supervision, Bowman called for ...

The four major media outlets advocating for the release of FTX customer names have opposed the decision to seal them. Meanwhile, a crypto lawyer told Cointelegraph that “there is clear evidence” of potential harm if the names were to be disclosed.According to a June 23 Reuters ...

Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading.According to a June 23 Bloomberg report, which cited a recent court filing, Ce ...

A company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commission (SEC) for listing shares of a leveraged Bitcoin futures ETF.Volatility Shares Trust filed Form 8-A with the SEC on June 23, suggesting ...

The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases. Plaintiffs in the class-action lawsuits alleged Coinbase failed to provide proper relief ...

Prime Trust’s financial condition is “critically deficient,” and the crypto custodian has been unable to honor customer withdrawals since June 21, according to Nevada’s business regulator.In a June 21 cease and desist order, Nevada’s Department of Busines ...

Lawyers representing United States-based crypto exchange Binance.US, global exchange Binance Holdings Limited and Binance CEO Changpeng "CZ” Zhao have filed a motion alleging the U.S. Securities and Exchange Commission (SEC) misled the public in statements issued over an ongoing securities ...

Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at major banks.In a June 21 announcement, committee ranking member Maxine Waters said House D ...

Bitcoin (BTC) dominance, the measure of how much Bitcoin makes up of the total crypto market cap, has breached the 50% mark.On June 19 at 6 pm UTC, Bitcoin dominance hit just above 50% and has since settled to 49.9% at the time of publication, according to data from TradingView. Thi ...

Ripple CEO Brad Garlinghouse has warned that as Ripple's legal battle against the United States financial watchdog is coming “to a close,” it is only the beginning of a larger battle for the industry, and the fight for regulatory clarity “has to continue."Following the Hi ...

Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions.According to a June 16 Reuters report, Grewal spoke at an event hos ...

The criminal case against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets will be moving forward in the United States, with a trial scheduled for Dec. 4. According to court records filed on June 14, Judge Richard Berman of U.S. Di ...

New York-based derivatives exchange Bakkt is delisting three popular altcoins due to recent regulatory developments in the United States. According to a Fortune report, trading of Solana (SOL), Polygon (MATIC), and Cardano (ADA) has been suspended.The decision follows last week's lawsuits ...

Luxury car manufacturer Mercedes-Benz is integrating artificial intelligence into more than 900,000 vehicles as part of a new trial of a ChatGPT-powered voice assistant system.The company announced on June 16 that the optional beta feature is now accessible to the owner of any vehicle equi ...

United States crypto lobby group Blockchain Association has filed a request with the U.S. Securities and Exchange Commission, seeking information about the formerly little-known crypto company Prometheum.The company became the center of the crypto industry's attention this week when its CE ...

Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for his alleged mismanagement of the crypto exchange.Bankman-Fried is facing a total of 13 charges relating to fraud, fraud conspiracy and bribery. A trial for all ...

Crypto lending firm Abra, which once handled more than $116 million in assets, had allegedly committed securities fraud and has been insolvent since March 31, according to Texas regulators.In a June 15 enforcement action — including an emergency cease and desist order —&nb ...

The final quarter of 2020 saw the launch of a precedent-setting lawsuit by the United States Securities and Exchange Commission against Ripple Labs, CEO Bradley Garlinghouse and co-founder Christian A. Larsen. The allegation: raising north of $1 billion in 2013 through the unregistered sale of a ...

The Hong Kong Monetary Authority (HKMA), which serves as the region's central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges as clients.According to a June 15 report from the Financial Times, which cited three ...

Cryptocurrency brokerage Voyager Digital is preparing to reopen its app and allow customers to finally withdraw their funds — nearly one year after it filed for Chapter 11 bankruptcy.Voyager's bankruptcy plan administrator Paul Hage said in a June 14 court filing that around June 15 ...

The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder before a United States House Committee, discussing crypto regulatory clarity. On June 13, Prometheum co-founder and co-CEO Aaron Kaplan appeared before t ...

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance on June 5, alleging that the exchange was involved in the sale of unregistered securities. In its 136-page complaint, the SEC accuses Binance and its founder, Changpeng “CZ” Zhao, of participating in a c ...

Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.On June 13 the Treasury Department’s Assistant Secretary for Financial Institutions Graham Steele spoke at a payments-focused conference in ...

Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets.On June 14, Bloomberg reported that U.S. District Judge Amy Berman Jackson referred the two organizations to a mag ...

The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity.In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission said it needs an ad ...

The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a previous SEC request to freeze the company’s assets. The proposed new consent order would offer ...

The lawsuit brought by the United States Securities and Exchange Commission against Coinbase Global on June 6 is raising questions about the crypto exchange’s approach to managing the ongoing crypto crackdown.In a recent interview with Cointelegraph, venture capitalist Kevin O’Leary critic ...

Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security. Th ...

Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business.In a June 12 filing, Binance.US slammed the SEC’s emerge ...

A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”On June 12 multiple Twitter accounts shared the ...

With just one day until the Hinman documents are due to be unsealed, Ripple CEO Brad Garlinghouse suggests the documents will be “well worth the wait."In a June 12 Twitter reply to a question raised by crypto YouTuber Jungle Inc, Garlinghouse said that while he did not want to & ...

United States-based crypto exchange Binance.US has reportedly hired a former enforcement official for the U.S. Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange.According to a June 12 ...

Florida Governor Ron DeSantis officially entered the United States presidential race on May 24. During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism from ex-President ...

United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of their continued “war against crypto," according to the Winklevoss twins.On June 10, the co-founder of the crypto exchange Gemini, Cameron Winklevoss, tweeted the Democrats w ...

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve regulatory cryptocurrency, “even if it takes a while.” However, he believes this is the vital component to luring entrepreneurs back to the country.Armstrong sat down ...

Bankrupt cryptocurrency exchange FTX has reportedly been granted permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed on a "temporary basis."In recent times, several mainstream media outlets ha ...

Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more lobbying of different regulators in Europe and work with the different governments.In an interview with Cointelegraph, ...

The United States Securities and Exchange Commission (SEC) is seeking "alternative service” from the U.S. district court in Washington, D.C. to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.Zhao and Binance were recently sued by the SEC over ...

De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum. For over 100 years, the U.S. dollar has been the world reserve currency, which means it has been the dominant foreign currency held by central b ...

Kevin O’Leary said the Securities and Exchange Commission levied some “serious” allegations in the 136-page charging document the agency issued against Binance on June 5, telling Cointelegraph in an interview that he believes founder and CEO Changpeng Zhao is in a “tough&r ...

The crypto industry faced more scrutiny from regulators in the United States this past week, as the U.S. Securities and Exchange Commission served both Coinbase and Binance.US with lawsuits regarding their operations. Amid the accusations from regulatory officials, the members of the ...

The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph.Ripple has been in a legal battle with the United States Securities and Exchange Commission since December 2020, with the regula ...

Pro-Bitcoin (BTC) presidential bidder Ron DeSantis has been tagged for apparently using artificial intelligence-generated images in an ad campaign smearing rival and former president Donald Trump.It comes amid a rise in AI-generated deep fakes being used in political ads and movements in r ...

Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government. ...

The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) is Bittrex’s biggest creditor, but its cl ...

Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8. In a letter sent to United States Attorney General Merrick Garland, Senators Elizabeth Warren and Chris ...

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin.BTC supply moves to AsiaThe past year has seen some seismic ...

Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.It is understood that Kwon is currently serving house bail in Montenegro after having his bail propos ...

United States Securities and Commission Chair Gary Gensler once offered to serve as an adviser to Binance, lawyers representing the crypto exchange and its founder Changpeng Zhao have alleged.According to a June 7 CNBC report, documents filed by the SEC on June 7 indicated attorneys from&n ...

Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, Mailchimp and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative artificial intelligence (AI) technologies. According to Intuit, the new o ...

Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and thei leadership. “After careful consideration, Binance.US will remove s ...

The same day cryptocurrency exchange Coinbase was served with a lawsuit from the United States Securities and Exchange Commission, ARK Invest added more stock to its Coinbase holdings. According to investor notification from ARK Invest on June 6, the firm added approximately 419,324 s ...

A number of memecoins drawing their likeness from the United States Securities Exchange Commission (SEC) and its chair Gary Gensler have seen a sharp spike in price following the regulator's lawsuits against crypto exchanges Coinbase and Binance.One such token is Good Gensler (GENSLR) whic ...

Crypto exchange Binance.US has attempted to quell possible unrest from its users following a motion from the United States securities regulator seeking to freeze its assets “on an expedited basis.”In a June 6 tweet, Binance.US reiterated that “user assets remain safe and ...

Venture capital firm Sequoia Capital announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back-office functions for ...

Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service (IRS), demanding the implementation of tax regulations for the crypto industry.In a letter addressed to Treasury Secretary ...

The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached an estimated 61, after adding a few more from its lawsuit against crypto exchange Binance.The 61 cryptocurrencies accused of being a “security” ...

The SEC’s latest complaint against Binance could point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, only three months after his appointment.According to a June 5 tweet from cryptocurrency lawyer James Murphy — known on Twitter as MetaLawMan &mdas ...

The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions against Tornado Cash.On June 2, the two cryptocurrency industry ...

Twitter founder and current CEO of fintech firm Block Inc., Jack Dorsey has thrown his weight behind pro-crypto Democrat presidential candidate Robert F. Kennedy Jr. “He can and will,” wrote Dorsey, sharing a YouTube clip from Fox News, featuring Kennedy explaining how he ...

Pro-XRP lawyer John Deaton has tipped less than a 3% chance for the United States Securities and Exchange Commission to score an outright win against Ripple, as an end to the long-running lawsuit draws closer.The CryptoLaw founder has been a vocal advocate for Ripple against the SEC, which ...

Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days.CryptoLaw, an account created by the attorney representing over 76,000 XRP (XRP) tokenholders in the Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit, ...

Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.According to a June 2 court filing in a New York Bankruptcy Court, the FTX debtors have raised an objecti ...

What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who ...

Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax ...

Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled digital commodities.According to a discussion draft published on June 2, lawmakers proposed “ ...

Christy Goldsmith Romero, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has commented on a proposal amending the government body’s Risk Management Program with respect to digital assets.In a June 1 notice, the CFTC said it would be opening a propo ...

Venture capital firm the Digital Currency Group (DCG) and its CEO, Barry Silbert, have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter.In a letter sent to United States District Judge Stefan Underhill in Connecticut, the defendants argued tha ...

Galaxy Digital CEO Mike Novogratz has described the broader crypto market as being “lackadaisical” — or lacking enthusiasm — due mainly to a shying away of institutional investors from cryptocurrencies.In a June 1 interview with CNBC, Novogratz said that while the relatively small retail b ...

Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to peak Bitcoin (BTC) mania in 2017, data has revealed.Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “t ...

The United States Air Force (USAF) has been left scratching its head after its AI-powered military drone kept killing its human operator during simulations.Apparently, the AI drone eventually figured out that the human was the main impediment to its mission, according to a USAF colonel. ...

Blackrock CEO Laurence Fink believes the recent “drama” around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC).Fink’s comments came as U.S. House of Representatives on May ...

Warner Bros. Studios. and the Funko platform are about to release a collection of non-interchangeable tokens inspired by the popular animated series Adventure Time. The collection, which will be available on the Droppp.io site, promises both plastic figures and NFT. Al ...

Brian Armstrong thinks the United States is in danger of missing its chance With that, the dollar will lose its status as a world currency He calls for developing the cryptocurrency segment, not limiting it On Tuesday, May 30, WarketWatch published an ...

Digital Currency Group (DCG) announced the closure of its brokerage subsidiary, TradeBlock, which will cease operations on May 31 due to the uncertain regulatory environment. TradeBlock provides institutional investors with trading and brokerage services. The company is ...

They have analyzed different types of regulation And recommend a flexible approach The WEF considers Switzerland and Japan to be good examples The United States to be bad The World Economic Forum has issued a technical paper designed to re ...

Russian Alexander Vinnik, who is under arrest in the U.S. on charges of laundering up to $9 billion through the BTC-e exchange, is trying to get him included in any prisoner exchange option between Moscow and Washington. The crypto-businessman would like the option of an ...

Businessman criticizes possible increase in the national debt ceiling Kiyosaki compares the national debt crisis in the US to a "Kabuki theater." He advised to invest in gold, silver, and bitcoins Businessman, Robert Kiyosaki, author of the bestseller ...

Powers have called this asset class "common fraud." The country is not willing to risk FATF "white" status for a questionable market Pakistan was removed from the "gray list" of rogue states in October 2022 The Standing Committee on Finance met Tuesda ...

Venture capital investments in crypto projects in Florida's capital city decreased by 92% in the first quarter of the year, while funding for start-ups from Silicon Valley fell by 53%. According to observers, the fall in investment interest in crypto-currency projects in Miami was partly due to t ...

According to insiders cited by CNBC, Swiss banks are experiencing a surge in requests for banking services from cryptocurrency companies based in the United States. The collapse of American banks Silvergate and Signature Bank has led to an unnamed Swiss banking institution receiving a massive inc ...