Elizabeth Warren’s Anti-Crypto Stance Takes Center Stage in Senate Debate With John Deaton

October 16, 2024 Bitcoin.com

Bitcoin

In a heated debate for the Massachusetts Senate seat, Elizabeth Warren and John Deaton clashed on the future of cryptocurrency, focusing on bitcoin’s role in banking and its regulation. The conversation highlighted stark contrasts in their views on financial stability and consumer protection. Warren vs. Deaton: Senate Candidates Clash Over Views on Crypto John Deaton, […]

Bitcoin Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

SEC Charges Abra With Unregistered Sales of Crypto Asset Securities

August 26, 2024 Bitcoin.com

Abra

The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company, further complicating the firm’s regulatory standing. SEC Targets Abra […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields

June 6, 2024 Bitcoin.com

Abu Dhabi Global Market

The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets with each USDL backed 1:1 in U.S. dollar value. New ‘Lift Dollar’ Stablecoin Offers Daily Returns on […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Ethereum’s Subdued Market Performance Follows US Approval of Spot ETFs

May 24, 2024 Bitcoin.com

bitcoin.com

Following the approval of several spot ethereum exchange-traded funds (ETFs) in the U.S., ether’s price has been rather subdued, ranging between $3,640 to $3,740 over the last 12 hours. There’s wasn’t really any substantial upticks other than when the rumors of the approval fueled the previous rise. Market observers are questioning whether or not a […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations

April 17, 2023 Bitcoin.com

Altcoins

According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

April 15, 2023 Bitcoin.com

2008 Crisis

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry

April 8, 2023 Bitcoin.com

Banking

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

March 29, 2023 Bitcoin.com

bank executives

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

March 28, 2023 Bitcoin.com

Alameda Research

Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO […]

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

March 27, 2023 Bitcoin.com

100% deposits

Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there […]

financial regulation