Latest News
By Federal Newswire Report | Aug 16, 2023
El Salvador President Nayib Bukele initially unsettled many in the financial world with his endorsement of Bitcoin; however, his current oversight of a surging bond rally has proven too enticing to resist. Exceptional returns of around 70% — the highest among emerging market dollar bonds this year — are luring investors who were once cautious or completely avoiding these securities, Bloomberg reported.
By Federal Newswire Report | Aug 14, 2023
John Reed Stark, a former chief of the U.S. Securities and Exchange Commission's (SEC) Office of Internet Enforcement, said that because cryptocurrency has become a partisan issue, he believes that if a Republican wins the 2024 presidential election, a Republican-led SEC could support more crypto-friendly regulations than the current SEC. He predicted that a Republican-led SEC would focus mainly on instances of fraud, rather than registration violations.
By Federal Newswire Report | Aug 14, 2023
The Crypto Council for Innovation, an organization dedicated to advancing innovation in the cryptocurrency industry, said the U.S. Securities and Exchange Commission's recent enforcement actions in the crypto industry are an overreach of its regulatory authority stemming from the assumption that most digital assets are securities.
By Ashley Haley | Aug 14, 2023
A judge has revoked the bail of Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX. Judge Lewis Kaplan said he found "probable cause to believe" the former crypto mogul "tried to tamper with witnesses at least twice."
By Federal Newswire Report | Aug 11, 2023
The U.S. Securities and Exchange Commission is expected to approve multiple spot bitcoin exchange-traded funds (ETFs), potentially including Grayscale Bitcoin Trust (GBTC) with the first decision anticipated as soon as next week.
By Federal Newswire Report | Aug 10, 2023
Circle CEO Jeremy Allaire recently revealed around 70% of USD Coin (USDC) adoption originates from countries outside the United States.
By Federal Newswire Report | Aug 9, 2023
Rep. Maxine Waters, D-Calif., recently expressed concern about PayPal's launch of its own stablecoin, called PYUSD.
By Andy Nghiem | Aug 9, 2023
Coinbase, the largest cryptocurrency exchange in the U.S., has filed a motion urging the District Court for the Southern District of New York to dismiss the U.S. Securities and Exchange Commission's lawsuit against the company.
By Samantha Anderson | Aug 8, 2023
PayPal recently launched a U.S. dollar-backed stablecoin called PayPal USD (PYUSD) Aug. 7.
By Federal Newswire Report | Aug 3, 2023
Katie Haun's venture capital firm, Haun Ventures, raised $1.5 billion for a crypto-focused fund at a time when the crypto industry faced a steep downturn.
By Federal Newswire Report | Aug 3, 2023
The U.S. Securities and Exchange Commission charged Richard Heart, the founder of Hex, with the misappropriation of millions from investor funds raised through unregistered crypto asset securities offerings, which garnered more than $1 billion.
By Federal Newswire Report | Aug 3, 2023
Bitcoin's price fell nearly 1% to around $29,500 amid a flat market trend, following a 4% drop below $30,000 last week due to the Federal Reserve's interest rate hike.
By Federal Newswire Report | Aug 2, 2023
Coinbase CEO Brian Armstrong announced that the Lightning Network, a layer-2 scaling solution for Bitcoin, is set to be integrated into the crypto exchange.
By Andy Nghiem | Aug 2, 2023
After the Department of Justice decided not to pursue a campaign finance charge against former crypto mogul Sam Bankman-Fried, a Bitcoin.com analyst raised concerns about double standards in federal agencies’ approach to policing the crypto industry.
By Federal Newswire Report | Aug 1, 2023
Political commentator Ian Miles Cheong said the Department of Justice decided not to pursue campaign finance charges against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX.
By Federal Newswire Report | Aug 1, 2023
Paul Munter, U.S. Securities and Exchange Commission chief accountant, released a statement July 27, warning accounting firms against doing "non-audit" work for cryptocurrency exchanges.
By Federal Newswire Report | Jul 31, 2023
The House Financial Services Committee recently voted to advance the Financial Innovation and Technology (FIT) for the 21st Century Act. Congressman Ritchie Torres (D-NY), a member of the committee, said the bill will protect not only crypto users and investors, but also crypto companies, which he believes have been targeted by the U.S. Securities and Exchange Commission's (SEC) "regulation by enforcement" approach to the industry.
By Federal Newswire Report | Jul 31, 2023
The House Financial Services Committee has voted to advance the Financial Innovation and Technology for the 21st Century Act to a vote in the full House.
By Federal Newswire Report | Jul 30, 2023
Quantstamp, a blockchain security firm, is set to return $28 million raised in a 2017 initial coin offering (ICO) after the U.S. Securities and Exchange Commission charged the California-based firm with "conducting an unregistered ICO of crypto asset securities."
By Federal Newswire Report | Jul 29, 2023
The federal government needs to keep fighting inflation, despite a drop of more than 5% compared to last year, Federal Reserve Chair Jerome Powell said.
