Coinbase said Friday evening that it halted support for conversions between U.S. dollars and stablecoin USDC. “We are temporarily pausing USDC:USD conversions over the weekend while banks ...
Tag: U.S.
Circle’s exposure to U.S. banks could top $9B
USD Coin (USDC) issuer Circle exposure to the United States banking system sits near to $9 billion, according to its latest audit report from January. Circle’s reserves are held in a number of r...
U.S. government appeals Voyager-Binance.US sale
Ad The U.S. government has appealed a judicial decision that approved the sale of Voyager Digital’s assets to Binance.US, according to a filing on March 9. Two government agencies filed the appeal: th...
New U.S. EB-5 Investor Immigrant Program Ready To Meet Challengers
The U.S. EB-5 program is emerging as a good program for investors who would like to immigrate to the … [+] United States. getty Now that the EB-5 Reform and Integrity Act has revised the U.S. in...
U.S. Federal Reserve Creating ‘Specialized Team of Experts’ on Crypto, According to Vice Chair
The top regulatory official of the Federal Reserve says that while crypto assets can potentially transform the financial system, the technology still requires appropriate guardrails. In his speech at ...
U.S. President Assures Inflation Drop; Now Bitcoin’s Time To Shine?
U.S. President Joe Biden stated that the economy of the United States was “headed in the right direction” after the positive jobs report from the Bureau of Labor Statistics was recently made public. T...
Crypto Market Stabilizes as U.S Unemployment Rate Surges to 3.6%
11 seconds ago | 2 mins read Bitcoin News The 3.6% unemployment rate just published is at its lowest level since May 1969. The news triggered a small surge in Bitcoin’s (BTC) price, taking it above $2...
U.S. Unemployment Rate Rises To 3.6%; Bitcoin Price Spikes
The United States has reportedly added 311,000 jobs during the month of February, according to the Bureau of Labor Statistics’ most recent data on nonfarm payrolls. This is relatively far more than th...
U.S. Fed to create new crypto team amid Stablecoins’ concerns
The U.S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry. Barr stated that regulation must be a deliberative process in or...
U.S. DOJ takes on Binance over Voyager acquisition |
The U.S. Department of Justice (DOJ) has filed an appeal challenging a bankruptcy judge’s approval of Binance.US’s proposed acquisition of Voyager Digital assets. The appeal comes just one day after J...
U.S Treasury To Impose 30% Tax On Crypto Mining Operations
On Thursday, March 9, U.S. President Biden revealed his budget proposal for 2024. Under the Biden Budget, the U.S. Treasury Department is looking to introduce a 30% excise tax on crypto mining operati...
U.S President Proposes 30% Tax on Electricity Used For Crypto Mining
6 seconds ago | 2 mins read Bitcoin News Biden has proposed a 30% tax on all power used to mine cryptocurrencies. The goal of this plan is to decrease mining activities, as stated by the government. U...
U.S. Congressman cautions about privacy concerns regarding CBDCs
U.S. Congressman Tom Emmer believes that the introduction of CBDCs will jeopardize the financial privacy of American citizens. Emmer introduced the CBDC Anti-Surveillance Act last month. United States...
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
“The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can have environmental justice implications as well as increase energy pri...
Lockheed Martin And Hunter Douglas Reduce Headcounts
Window blind manufacturer Hunter Douglas and aerospace giant Lockheed Martin plan to cut hundreds of employees, following major layoffs this year at tech companies, banks and manufacturers, including ...
Bitcoin Price Drops Below $21K As Biden Unveils New U.S. Budget
In a formal presentation of the proposed budget for the fiscal year 2024, U.S. President Joe Biden advocated the elimination of tax subsidies for cryptocurrency investors, the real estate business, an...
GM offers buyouts to ‘majority’ of U.S. salaried workers
Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...
U.S. Jobless Claims Record Highest Weekly Increase; Bitcoin Price Jumps
According to the U.S. Bureau of Labor Statistics’ most recent data on the country’s unemployment growth, the initial jobless claims jumped to 211,000 in February. Although this is more than the 190K c...
Contradicting Gensler’s ‘Bitcoin Only’ Stance, U.S. CFTC Chief Reiterates ETH Is A Commodity ⋆ ZyCrypto
Advertisement     The power tussle between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over who is the top cr...
EG America Owner Sells U.S. Gas Stations And Considers Asda Merger
Cumberland Farms is the biggest gas station brand to be part of the EG Ameria sale and leaseback … [+] deal. (Photo by Jill Brady/Portland Portland Press Herald via Getty Images) Portland Press ...
In War With China, U.S. Risks Being ‘Beaten Over The Head’ With Its Own Explosives Technology
Illustration by Daniel Downey for Forbes Pentagon efforts to develop new missile propellants and explosives waned after the collapse of the Soviet Union, but the Chinese have made big strides. By Je...
Silvergate (SI) Stock Tanks 11% Amid Talks With U.S. FDIC
– Advertisement – Silvergate Capital’s share price slumped more than 11% earlier today. Officials from the U.S. Federal Deposit Insurance Corp are currently in talks with the crypto bank....
U.S. Senators investigate Bitcoin mining’s environmental impact
On Tuesday, the Committee on Environment and Public Works chaired by Senator Ed Markey (D-Massachusetts) took a closer look at Bitcoin mining. Markey is sponsoring a bill that calls for increased tran...
U.S. Government’s $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips
PeckShield published its findings on Twitter early Wednesday morning, and investors were quick to notice. In the hours after the report’s release, investors expressed their fears that authoritie...
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
These verifications of assets take a simple snapshot and “do not address the crypto entity’s liabilities, the rights and obligations of the digital asset holders, or whether the assets have been borro...
ByteDance Employees Can Easily Access U.S. TikTok Data, Whistleblower Allegedly Tells Hawley
Topline Controls preventing employees at TikTok and its China-based parent company ByteDance from accessing U.S. data might be weaker than both companies have previously suggested, according to allega...
New Draft of Crypto Bill Announces by U.S. Senator
Alex Dovbnya Senator Kirsten Gillibrand has announced a new draft of her crypto bill during the Senate Agriculture Committee’s hearing on CFTC oversight During the Senate Agriculture Committee&#...
U.S. Government Moves $1B of Seized Silk Road BTC, Prompting Liquidation Fears
Key Takeaways A wallet associated with seized Silk Road funds moved $1.08 billion in BTC. The address moved 39,174 BTC to two new wallets, and 9,825 BTC to a wallet reportedly belonging to Coinbase. T...