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US senators eye the crypto market for potential $28 billion in tax revenue

Ana Grabundzija · 12 hours ago · 2 min read

Tether (USDT) slams Bloomberg over criminal probe accusations

The recent report about Tether (USDT) facing a criminal probe in the US, published by Bloomberg and covered by CryptoSlate, received a snappy response, in which the issuers of the largest stablecoin claimed the alleged accusations don’t constitute news but are published as clickbait.

Ana Grabundzija · 2 days ago · 2 min read

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction.

Liam Frost · 2 days ago · 2 min read

Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizens

Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency.

Samuel Wan · 3 days ago · 2 min read

Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto.

Ana Grabundzija · 3 days ago · 2 min read

Coinbase hit by securities class action following $86 bn NASDAQ listing

Coinbase Inc, together with certain Coinbase directors and officers as well as venture capital firms that benefited from the company’s April 2021 direct offering, faces a securities class action lawsuit.

Ana Grabundzija · 6 days ago · 1 read

Ripple transfers 60 million XRP even as US SEC lawsuit crawls on

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto. Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly […]

Ana Grabundzija · 6 days ago · 2 min read

SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP

Last week, US Magistrate Judge Sarah Netburn ruled that the former head of the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance William Hinman will testify under oath.

Ana Grabundzija · 1 week ago · 2 min read

Crypto bank BlockFi faces regulatory block in New Jersey

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction.

Liam Frost · 1 week ago · 2 min read

US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins.

Ana Grabundzija · 2 weeks ago · 2 min read

The FBI issues warning to cryptocurrency users over growing threat of cybercrime

Several mainstream outlets are pushing the narrative that cryptocurrency is facing a new wave of cybercrime.

Samuel Wan · 2 weeks ago · 2 min read

DeFi crowd mocks Harvard Law student group for voting $20 million out of Uniswap treasury

While a Harvard Law student-led initiative called the “Defi Education Fund” is facing blowback for receiving $20 million worth of Uniswap’s (UNI) tokens and dumping half of it over-the-counter, some witty DeFi enthusiasts are openly mocking the whole ordeal.

Liam Frost · 2 weeks ago · 3 min read

‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear plant

With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses.

Oluwapelumi Adejumo · 2 weeks ago · 2 min read

JPMorgan slams Bitcoin (BTC) use case in El Salvador

The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial services holding company JPMorgan Chase & Co.

Ana Grabundzija · 2 weeks ago · 2 min read

Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit

Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the United States Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday.

Liam Frost · 2 weeks ago · 2 min read

Legacy US bank increases Bitcoin exposure via Grayscale Bitcoin Trust

A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing with the US Securities and Exchange Commission showed.

Shaurya Malwa · 3 weeks ago · 2 min read

Bitcoin ETF applicants accuse the SEC of foul play

Last month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc The U.S regulator said it would seek more public consultation on the matter before making a decision.

Samuel Wan · 3 weeks ago · 2 min read

The crypto market doesn’t care about Dogecoin shill Elon Musk’s tweets anymore

It appears that Tesla and SpaceX CEO Elon Musk is gradually losing his influence over the cryptocurrency market, judging by the lack of any meaningful impact on prices his crypto-focused tweets are making lately.

Liam Frost · 3 weeks ago · 2 min read

US Feds just sold $19 million in Bitcoin. Here’s why

The Department of Justice’s Northern District of Ohio received a significant return on the confiscated Bitcoin (BTC) forfeited after Mark Alex Simon’s conviction, accused of manufacturing and distribution of fraudulent identity documents or authentication features and conspiracy to launder money, according to Toledo’s local news. As per United States Attorney Bridget M.

Ana Grabundzija · 4 weeks ago · 2 min read

Bitcoin ETFs are long overdue, says SEC Commissioner Hester Peirce

The Securities and Exchange Commission’s (SEC) unwillingness to approve a Bitcoin exchange-traded fund (ETF) in the United States is outdated and borders on double standards, according to the agency’s commissioner Hester Peirce, also known as “Crypto Mom.” “That is probably the biggest, the most-often-asked question that I get: When will the SEC approve a Bitcoin exchange-traded […]

Liam Frost · 4 weeks ago · 2 min read

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Latest U.S. Blockchain News

Tether (USDT) slams Bloomberg over criminal probe accusations

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021

Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizens

Tether (USDT) faces criminal probe in the US, report says

Coinbase hit by securities class action following $86 bn NASDAQ listing

Ripple transfers 60 million XRP even as US SEC lawsuit crawls on

SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP

Crypto bank BlockFi faces regulatory block in New Jersey

US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC

The FBI issues warning to cryptocurrency users over growing threat of cybercrime

DeFi crowd mocks Harvard Law student group for voting $20 million out of Uniswap treasury

‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear plant

JPMorgan slams Bitcoin (BTC) use case in El Salvador

Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit

Legacy US bank increases Bitcoin exposure via Grayscale Bitcoin Trust

Bitcoin ETF applicants accuse the SEC of foul play

The crypto market doesn’t care about Dogecoin shill Elon Musk’s tweets anymore

US Feds just sold $19 million in Bitcoin. Here’s why

Bitcoin ETFs are long overdue, says SEC Commissioner Hester Peirce

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