#U.S News

China’s Second-Biggest Bitcoin Mining Equipment Manufacturer Raises $90M in U.S. IPO

November 21, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

China-based bitcoin mining equipment maker, Canaan Creative raised $90 million in its U.S. Initial Public Offering (IPO), after selling the IPO shares at the bottom of its marketed range, reports Bloomberg on November 21, 2019. Canaan Creative Raises $90 Million at IPO Per the report, Canaan Creative was able to...

Rwanda Studies CBDCs To Minimize Transaction Cost and Maximize Output

Federal Reserve Has Assessed the Possibility of a Central Bank Digital Currency

November 21, 2019 by Ashwath Balakrishnan at Bitcoin

Jerome Powell, chairman of the Federal Reserve, responded to an inquiry by two congressmen who urged the Fed to consider the prospect of a central bank digital currency (CBDC). As per Ledger Insight, chairman Powell's response confirmed the Fed has assessed the possibility and continue to research the implications from...

Magnifying Glass Cracking the Libra Coin

FTC Commissioner Urges Federal Reserve to Launch Public Payments System and Block Libra

November 9, 2019 by Ashwath Balakrishnan at Bitcoin

Rohit Chopra, Commissioner of the Federal Trade Commission (FTC), has written an open letter to Federal Reserve chairman Jerome Powell to launch their real-time payments system, FedNow, at the earliest to curb megabank monopolies and private sector abuse, November 7, 2019. Public Sector Curbing Libra It goes without saying that...

FBI Director: Cryptocurrencies Pose Threats to National Security

November 8, 2019 by Anthonia Isichei at Bitcoin

Appearing before a hearing by a U.S. Senate Committee to discuss national security and counterterrorism, the Director of the Federal Bureau of Investigation (FBI), Christopher Wray, replied to concerns about bitcoin and other cryptocurrencies. In the hearing held on November 5, 2019, the FBI Chief stated that cryptocurrencies are already...

Ripple Combats Investors After Complaints Allege Company of Selling Unregistered Securities

August 19, 2019 by Ashwath Balakrishnan at Altcoins

A group of investors has filed a complaint against Ripple with the Securities and Exchange Commission (SEC) for dumping illegal securities on investors in the token, as reported by Forbes, August 18, 2019. Bitcoin influencer Tone Vays has taken delight to this, claiming the SEC will "bring down Thor's hammer"...

Singapore Book of Crypto code of conduct lightning blue

Singapore Cryptocurrency Association Seeks Public Feedback

August 14, 2019 by Ashwath Balakrishnan at Regulation

The Association of Cryptocurrency Startups and Enterprises, Singapore (ACCESS) is looking to facilitate public discussion of their newly formulated code of practices. As per a report from Strait Times, the code aims to tackle a variety of issues like money laundering, financing global terrorism, and many other crucial issues that need...

Man Holding Spear Throwing it at the SEC Crest

Kik Launches Scathing Rebuttal at SEC

August 7, 2019 by Ashwath Balakrishnan at Altcoins

The messaging app has filed a countersuit against the SEC, claiming the agency has deliberately twisted facts to make it seem like Kik had not complied with necessary regulations. The SEC launched an investigation into Kik and came to the conclusion that their token, Kin, was a security but did...

Crypto Mom Hester Pierce Hugged by crypto

SEC’s “Crypto Mom” Eager to Offer Regulated Platform for the Sale and Issuance of Tokens and Cryptocurrencies

August 5, 2019 by Ashwath Balakrishnan at Regulation

At the Convergence Forum held at the Singapore University of Social Sciences (SUSS), the SEC Commissioner, Hester Peirce, declared her desire to offer a non-exclusive safe harbor for the exchange of tokens and coins. There would almost certainly be a screening process for which tokens deserve to be listed as...

Chase Facing Imminent Litigation for Hidden Crypto Fees

August 5, 2019 by Ashwath Balakrishnan at Finance

Judge Katherine Polk Failla has told Chase that the extra fees they charged customers who were purchasing cryptocurrency was uncalled for as cryptocurrency purchases are not counted as a cash advance. The Judge denied Chase's motion to dismiss complaints from the plaintiffs, who took Chase to court over the fees...

Iranian Official holding a crypto approved sheet Iran flag green tick

Iran: Cryptocurrency Industry now “Official” in the eyes of the Government

July 23, 2019 by Eddie Mitchell at Regulation

Irans Head of Economic Commission has announced to Mehr News Agency that the government now officially acknowledges the cryptocurrency industry. Seemingly, with a primary motivation to alleviate the weight of sanctions imposed by the U.S., the news arrives in tandem with the government loosely establishing energy rates for cryptocurrency mining,...

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