US

Binance Chief Strategy Officer Speaks Out on Cryptocurrency Regulations in US and UK

Chief strategy officer of the largest cryptocurrency exchange Binance said that the oppression of cryptocurrencies in the U.S. has become "very difficult to do business" UK also causes concern. U.S. actions "have been very confusing over the last six months," Patrick Hill ...

Bittrex Crypto Exchange Files for Bankruptcy After Regulatory Pressure

Crypto exchange Bittrex filed for bankruptcy after closing operations in the U.S. due to regulatory pressure. The bankruptcy also applies to several subsidiaries of the exchange. According to a May 8 filing by Bittrex Inc.. to U.S. Bankruptcy Court in Delaware County. ...

Bankrupt Crypto Company Celsius to Merge UK and US Units Amid Fraud Allegations

They were accused that the split into 2 "subsidiaries" was a fraud The merger will speed up the return of investors' funds Bankrupt crypto company Celsius agrees to merge its units in the UK and US. It would be their answer to court allegations that the firms sha ...

Rising BTC Price Increases Cost of Mining in the US

But the price of 1 TH/s in dollars will also increase If the price of BTC continues to rise, most miners' shares will jump This year, the cost of mining one bitcoin in the US will rise from $5-10 thousand to $17 thousand. This follows a new report from analyst po ...

Gemini Exchange prepares to open a new office in India

Gemini, the popular cryptocurrency exchange, has announced that it will be expanding its operations in the Asia-Pacific region by opening a new office in India. The exchange's co-founders, Cameron and Tyler Winklevoss, have appointed Gemini's CTO, Pravjit Tiwana, as the chief executive of the Ind ...

US Democratic Lawmakers Criticize Stablecoin Regulation Bill

The stablecoin regulation bill has come under fire from Democratic lawmakers in the United States, who are concerned that the lack of a clear regulatory framework may lead to stablecoin issuers seeking out other jurisdictions. The bill, which was created in 2022 by Republican Patrick McHenry of N ...

Latin Americans More Confident in Cryptocurrencies as Legal Tender than Americans, Survey Finds

Morning Consult recently conducted a survey among 2,200 US residents and 1,000 citizens from four Latin American countries, including Argentina, Chile, Colombia, and Mexico, to gauge their opinions on the future of cryptocurrencies. The results were surprising, as the majority of Latin Americans ...

Do Kwon, Founder of Terraform Labs, Faces Extradition Demands from US and South Korea

During a recent press conference in Podgorica, Montenegro, Justice Minister Marko Kovac announced that Do Kwon, the former CEO and founder of Terraform Labs, along with his business partner Hon Chang-joon, were arrested on March 23 while attempting to flee to Dubai with false documents. According ...

Collapse of FTX Cryptocurrency Exchange Postpones Launch of Bitcoin ETFs in US, Says Valkyrie Investments Director

The director of investments at Valkyrie believes that the recent collapse of the FTX cryptocurrency exchange has caused a delay in the launch of exchange-traded funds tied to bitcoin in the United States. Steven McClurg expressed his opinion on the status of spot ETFs for bitcoin to journalists. ...

CoinEx to End Services for US Citizens and Residents Following Regulatory Changes

CoinEx, a cryptocurrency trading platform, has notified its users that it will no longer be able to offer its services to individuals who are either citizens or residents of the United States, as the new regulations put forth by local regulatory bodies make it impossible to continue. Users based ...

Second bitcoin embassy of El Salvador opens in Texas

In the US state of Texas, the authorities of El Salvador intend to open a second bitcoin embassy, the country's diplomatic representative in the United States said. The first such bitcoin embassy is located in the Swiss city of Lugano. Unlike conventional virtual BTC communities, the “Bitcoin emb ...

Coinbase General Counsel Explains “Staking is not related to securities” in detail

Four reasons why the Coinbase Earn staking program, like other staking services, should not be subject to the Howey test, which is used by the U.S. Securities and Exchange Commission (SEC) to determine whether a security is actively priced, is discussed in a published article Coinbase General Counse ...