United States | Crypto Profit Bot

Celsius denies allegations on Alex Mashinsky trying to flee US

June 28, 2022

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Celsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed. 1245 Total views 18 Total shares Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the […]

GitHub users respond with ‘Bitcoin bill’ idea to Gillibrand-Lummis bill

June 23, 2022

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The senators seek comments from industry stakeholders, consumers and interested parties. 252 Total views 10 Total shares Now every interested user has a chance to leave their mark on a crypto bill that could define the industry guidelines in the United States in the near future, the Responsible Financial Innovation Act (RFIA). The document was […]

Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve

June 17, 2022

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“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors,” said the Fed report. 1607 Total views 9 Total shares The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In […]

Tether aims to decrease commercial paper backing of USDT to zero

June 15, 2022

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Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. 805 Total views 23 Total shares The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT). Tether issued an official statement […]

Seized crypto safe with US Marshals Service? Not so much, new audit reveals

June 15, 2022

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OIG’s audit disclosed the lack of documented policies and practices related to the management of seized crypto assets — especially related to the use of inventory spreadsheets. 297 Total views 5 Total shares The Office of the Inspector General (OIG) for the United States Department of Justice conducted an extensive audit of the cryptocurrencies seized […]

Coin Center takes US Treasury to court over alleged financial spying

June 11, 2022

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Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate. 446 Total views 36 Total shares Coin Center, a Washingon, DC-based non-profit blockchain advocacy group, filed a lawsuit against the United States Department of the Treasury for allegedly provisioning an unconstitutional amendment in […]

A life after crime: What happens to crypto seized in criminal investigations?

June 5, 2022

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Earlier this year, during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government’s powers to seize and recover crypto assets. Meanwhile, the United States Internal Revenue Service (IRS) seized more than $3 […]

New York State Senate passes Bitcoin mining moratorium

June 3, 2022

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The bill once, approved by Governor Kathy Hochul, would make New York the first state in the U.S to put a moratorium on crypto mining. 153 Total views 2 Total shares The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the […]

11% of US insurers invest — or are interested in investing — in crypto

June 2, 2022

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Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies. 1084 Total views 8 Total shares United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial […]

Former product manager at OpenSea charged with insider trading

June 1, 2022

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The charges are related to digital collectibles bought and sold on the NFT marketplace in September 2021. 1086 Total views 54 Total shares On Wednesday, United States prosecutors in Manhattan charged Nathaniel Chastain, 31, with insider trading. Chastain is a former product manager at OpenSea, the largest nonfungible token (NFT) marketplace. This will be the […]

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Category: United States