The backstop of the U.S. banking system reiterated in a line of questioning before the Senate that its safeguards don’t extend to crypto. Sen. Bob Menendez, D-N.J., a senior member of the Senate...
Tag: government
Big midterm gains threaten Wall Street’s hope of a split government
Following last week’s midterm vote, Wall Street had expected a split government, with Republicans taking charge of the House, Senate, or both. Much to their surprise, a stronger-than-expected showing ...
Biden nominates Gruenberg for full FDIC chairmanship
President Joe Biden nominated Martin Gruenberg to chair the Federal Deposit Insurance Corporation, one of the U.S. banking regulators. Gruenberg has occupied the role in an acting capacity sinc...
FTX’s CFTC application to offer direct trading is dead
FTX is pulling the plug on its application to offer its automated margin in the U.S. The bankrupt crypto exchange withdrew its application, made through a subsidiary, to offer a novel structure ...
FTX spent $74 million on real estate in the Bahamas this year: Exclusive
Now-bankrupt crypto exchange FTX Group went on a real estate splurge this year, according to government documents obtained by The Block and confirmed by two former FTX employees. In total, the ...
US Government has 1% hodl of All Bitcoins
Join Our Telegram channel to stay up to date on breaking news coverage The United States government issued an announcement on Monday saying they had seized 50,676 Bitcoin associated with the Silk Road...
Binance’s FTX Bailout: Singapore Government Involved Indirectly
FTX’s largest Singapore government-owned investor Temasek on Wednesday said it is engaging with FTX amid the bailout by rival crypto exchange Binance. Temasek has participated in three funding rounds ...
Current crypto legislation ‘undermines’ the SEC, Gensler says
Current legislation undermines the authority of the Securities and Exchange Commission, Chairman Gary Gensler said in an address to the Healthy Markets Association today. “As Congress loo...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
Sen. Lummis points to FTX-Binance as catalyst for her crypto legislation
At least one senator is calling on Congress to reconsider crypto legislation following Binance’s bailout of FTX earlier today. “Market manipulation, lending activity, and whether cus...
Is Crypto Market Prepared For A Divided U.S. Government?
Every two years, elections are held to choose members of the House of Representatives and the Senate. Additionally, because these chambers are legislative entities, crypto legislation is a crucial mid...
The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply – Bitcoin News
United States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the ca...
US Government Now Holds at Least 210,000 Bitcoin (BTC)
– Advertisement – The US government now has at least 210,000 Bitcoin (BTC) worth over $4.3B, making it one of the largest BTC whales. Following the disclosure of its 50,000 BTC confiscat...
Crypto Has Prepared for Divided US Government, Republican Rise
“Split control of the federal government could bode well for future crypto policy and regulation,” said Kristin Smith, executive director of the Blockchain Association in Washington. “In the current C...
U.S. Government Seizes $3.4 Billion Worth of Bitcoin from Silk Road Scammer
Alex Dovbnya The U.S. government has announced its second-largest cryptocurrency seizure to date The U.S. Department of Justice has seized 50,676 Bitcoin ($3.36 billion) from an individual known as Ja...
US Government Now Has More BTC Than Largest Crypto Holders
The US Department of Justice has seized roughly $1 billion worth of bitcoin (BTC) from a man who “unlawfully obtained” more than 50,000 bitcoins from the Silk Road dark web internet marketplace in 201...
Russia’s Central Bank promotes crypto as means of internationalizing embattled economy
The Central Bank of Russia is working on integrating crypto assets into the local financial system. The CBR released a report on digital assets, focusing on integrating them into financial systems. Ma...
The U.S. Government Has Over $4.4B in Bitcoin It Could Dump Anytime
Key Takeaways The DOJ announced today that it seized 50,676.17 BTC from a Silk Road exploiter in November 2021. The haul is one of the largest in DOJ history. The U.S. government is currently one of t...
SEC wins suit against LBRY in major blow to crypto token issuance
The Securities and Exchange Commission has prevailed in a courtroom battle with decentralized publishing platform LBRY after arguing that its token was subject to regulatory oversight. The court...
Over 30,000 Nigerians to Learn About Blockchain From Government Agency – Blockchain Bitcoin News
Nigeria’s National Information Technology Development Agency recently said it has launched a blockchain training program and over 30,000 people are set to participate. The objective of the training co...
Government of Bulgaria Might Have Up to 200k Bitcoin in Possession
– Advertisement – The government of Bulgaria might have in its possession up to 200,000 Bitcoin (BTC) currently worth over $4.2B. Bulgarian authorities might be sitting on a whopping 200...
Polkadot backers say SEC should no longer treat token as a security
The Web3 Foundation that funds development of Polkadot said the blockchain’s token should no longer be considered a security subject to regulation by the U.S. Securities and Exchange Commission. R...
SEC charges Trade Coin Club in alleged $295 million bitcoin Ponzi scheme
The Securities and Exchange Commission filed a case against the operators of Trade Coin Club, which they allege to be a massive crypto Ponzi scheme. The SEC’s complaints outline a scheme ...
The Chinese Government Holds More Bitcoin Than Michael Saylor’s MicroStrategy ⋆ ZyCrypto
Advertisement     The Chinese government holds more Bitcoin than MicroStrategy and Tesla combined, making it one of the world’s largest Bitcoin whales. According to Ki...
Canada’s Federal Government Begins Consultations on Digital Currency
The federal government of Canada announced in a budget update released Thursday that it has started discussions on “cryptocurrencies, stablecoins and central bank digital currencies (CBDCs).R...
Government Of China Holds This Much Bitcoin
Government Of China Holds This Much BitcoinIs Chinese Government a Crypto Whale?November 03, 2022Ki Young Ju, Co-founder & CEO of Cryptoquant tweeted that the Chinese government holds more B...