#U.S News

This U.S. Based Organization is Helping the Military Adopt Blockchain Technology

January 16, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Value Technology Association (VTA), a Washington D.C.-based advocacy organization launched in June last year, has revealed that it's responsible for bringing blockchain technology into the consciousness of the Department of Defense (DoD). The latter will present a report concerning the benefits of distributed ledger technology (DLT) to Congress later this...

The Top U.S. Cities with the Most Bitcoin and Cryptocurrency Investments Per Person

U.S. Congress Introduces a New Crypto Bill to Foster Regulatory Clarity

December 20, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The United States Congress is introducing the Crypto-Currency Act of 2020, to put in place a sweeping regulatory framework for cryptoassets and to clearly outline the responsibilities of each federal financial regulator in the country, while also mandating these agencies to guide the public on how to participate in the...

Bakkt CEO Likely to be Appointed as Georgia Senator

December 3, 2019 by Ashwath Balakrishnan at Regulation

There have been rumors doing the rounds that Kelly Loefller, CEO of Bakkt, will be appointed as the next Senator for the state of Georgia as Republican Senator Johnny Isakson is set to retire. Although Georgia's Governor, Brian Kemp, is defying Trump by appointing Loeffler, Bloomberg reports that she will...

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...

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