Tag: america

Reading Time: 2 minutes The founders of the $300 million scam Forsage have been charged by the SEC for running the Ponzi scheme Forsage has been operating for over two years, taking advantage of the COVID crisis Many U.S.-based promoters have been charged for their...

Reading Time: 2 minutes A crypto tax bill was tabled in the Senate yesterday which would scrap taxation of crypto sales for everyday purchases under $50 in value. The aim of the bi-partisan Virtual Currency Tax Fairness Act is to encourage everyday use of crypto A...

Reading Time: 2 minutes Kraken is facing an OFAC investigation, according to the New York Times The paper claims that Kraken is serving users in sanctioned countries Iran, Syria and Cuba are among the residences of ‘verified’ users Cryptocurrency exchange...

Reading Time: 3 minutes The SEC has been accused of “regulation by enforcement” over the Coinbase insider trading affair The agency listed nine coins it says are securities in a filing, without any prior discussion of them CFTC commissioner Caroline Pham criticised the...

Reading Time: 2 minutes John McAfee’s bodyguard has lost his case against the SEC over ICO promotion Jimmy Watson, Jr worked with McAfee to promote ICOs without disclosing the fact they were paid promotions McAfee was indicted with Jimmy Watson, Jr but committed suicide...

Reading Time: 2 minutes Texas-based cryptocurrency miners are turning their machines off to conserve power The state is gripped by a heatwave, leading to the demand for power potentially overloading the grid Businesses in the state have been asked to reduce power...

By saving in bitcoin and holding your private keys, you can opt out of a flawed financial system and participate in the world’s largest nonviolent protest.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.“[P]aper is poverty, that it is...

This July 4th is an opportunity to think about how Bitcoiners reclaimed their own financial independence.Part One: A Declaration Of IndependenceThere is a lot of history one could survey when examining Independence Day. Some historians might reference the 1940s, or the 4th of July being recognized as a federal holiday; maybe BBQs or fireworks would find their way into the conversations....

Reading Time: 2 minutes A second proposal for a digital dollar has been published Congressman Jim Himes outlined his vision for a CBDC controlled by the Federal Reserve The paper is in contrast to the ECASH system put forward in March which sees The Treasury in control...

Reading Time: 2 minutes Do Kwon has lost his appeal against the SEC’s investigation of Mirror Protocol Mirror Protocol is accused of selling unlicensed securities to US citizens Kwon now has to deal with that as well as the Terra fallout If the cases building...

Reading Time: 2 minutes The NYDFS yesterday published its first stablecoin guidelines Any stablecoin providers opening in the state must be backed and not rely on an algorithm The guidelines have been issued in the wake of the Terra USD scandal The New York...

Reading Time: 2 minutes Senators Kirsten Gillibrand and Cynthia Lummis yesterday released a long-awaited strategy for dealing with the cryptocurrency sector The Lummis/Gillibrand crypto bill would see spot assets treated as commodities, miners receive tax breaks, and...

Reading Time: 2 minutes The recently passed New York crypto mining bill will not have the impact its signatories believe, crypto insiders have warned The bill passed the State Senate on Friday, meaning that crypto mining services in the state will be limited Insiders...

Reading Time: 2 minutes Fed Vice Chair Lael Brainard has expressed support for a digital dollar Brainard discussed the Terra collapse and Tether’s recent de- peg A digital dollar has never got past the research and discussion phase The Federal Reserve Vice...

Reading Time: 2 minutes The Coin Signals trading scam came to a conclusion last week as the founder was sentenced to jail time Jeremy Spence lost $3 million of investors’ money in 2018 in bad trades Spence was just 20 when he started the scam in 2017 The...

Reading Time: 2 minutes The Fifth Circuit Court of Appeal has ruled that the use of in-house judges by the Securities and Exchange Commission (SEC) to hear cases is unconstitutional. The appeals court ruled that all defendants are entitled to a jury trial when hit with SEC...

Reading Time: 2 minutes U.S. Treasury Secretary Janet Yellen has said that stablecoins do not pose “financial stability concerns” The topic of stablecoin regulation has intensified with this week’s Terra USD failure Whether stablecoins do or don’t pose a risk depends on...

The recent executive order offers insight into the United States government’s view of Bitcoin and how they intend to become an international leader.Joseph Stafford is a partner at the law firm Wilson Elser and provides counseling to clients in the Intellectual Property, Regulatory Compliance and Corporate/D&O Risk Management practice areas.By signing an executive order (EO) on...

Reading Time: 2 minutes New York City Mayor Eric Adams has called for the controversial BitLicense to be scrapped Adams called the requirement a “high barrier” that makes the city “less competitive” The BitLicense was implemented in 2015 and has proved immensely...

Reading Time: 2 minutes The organizers of the 2019 Pyongyang Blockchain and Cryptocurrency Conference are wanted by U.S. authorities Alejandro cao de Benos and Christopher Emms planned the conference, recruiting Virgil Griffith to talk Griffith was arrested in 2019...