Category: United States

Bitcoin Arrives At Wall Street: Crypto Indexes To Be Launched in 2021 By S&P Dow Jones Indices

Bitcoin Arrives At Wall Street: Crypto Indexes To Be Launched in 2021 By S&P Dow Jones Indices

Founded in 1882, S&P Dow Jones Indices LL is a joint venture between S&P Global, the CME Group, and News Corp. It’s among the leaders in providing investable and benchmark indices to traditional financial markets. The New York-headquarter organization plans to enter the cryptocurrency field as well, according to a Reuters report from earlier today. […]

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US Lawmakers Want to Regulate Stablecoins, and Crypto Twitter is Not Happy

US Lawmakers Want to Regulate Stablecoins, and Crypto Twitter is Not Happy

The new STABLE Act could easily become the next nightmare for stablecoin businesses in the United States as it would bring them closer to the banking ecosystem than to the world of technology. On December 2, 2020; Congresswoman Rashida Tlaib, along with Rep. Jesus “Chuy” Garcia and Rep. Stephen Lynch, introduced the new Stablecoin Tethering […]

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Visa And BlockFi Partner To Release A Bitcoin Rewards Credit Card

The US-based cryptocurrency lending company BlockFi has partnered with the American multinational financial services corporation Visa to bring Bitcoin to the masses. Bloomberg reported that the two US companies will offer a credit card that rewards clients’ purchases with the primary cryptocurrency, instead of traditional options such as cash and airline miles. Dubbed the Bitcoin […]

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Cryptocurrency Asset Management Provider NYDIG Raises $100M From a Single Investor

NYDIG, the cryptocurrency asset management company, has raised $100 million from a single investor. The firm collected the amount during its newly-announced fund Digital Assets Fund II, after the previous fundraising project, named Digital Assets Fund I. $150M In Just Two Crypto Investment Funds According to officially published documents filed with the U.S. Securities and Exchange […]

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BlackRock CEO Suggests Bitcoin Could Be A Threat To The US Dollar

BlackRock CEO Suggests Bitcoin Could Be A Threat To The US Dollar

The number of BlackRock executives speaking highly of Bitcoin has just doubled with the CEO of the world’s largest asset manager. Larry Fink recently said that BTC had caught the attention of many people, and it could evolve into a global market. Bitcoin Could Become A Global Market Following Bitcoin’s impressive Q4 performance that resulted […]

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U.S. DoJ Extradites Key Member of Crypto Ponzi Scheme From Panama

The U.S. Department of Justice (DoJ) has extradited a principal member of a fraudulent cryptocurrency mining and trading platform from Panama to the United States. AirBit Club Co-founder to Face Criminal Charges in the U.S. According to an announcement by the acting U.S. attorney for the Southern District of New York, Audrey Strauss, U.S. authorities […]

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Coinbase Faciliated MicroStrategy’s $425M Bitcoin Purchase Without Moving The Market

The leading US-based cryptocurrency exchange Coinbase assisted in MicroStrategy’s massive purchase of $425 million worth of BTC. The platform pledged to help other large firms diversify their portfolios with bitcoin in the future as well. Coinbase Involved In MicroStrategy’s BTC Purchase The NASDAQ-listed business intelligence firm made the news on two occasions earlier this year […]

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Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Bitcoin has a way of surprising people. This week was no exception. A few days ago, almost everyone believed that the cryptocurrency is inevitably headed to a new all-time high. And how could they not? BTC was trading at a few hundred USD below the record from back in 2017. Unfortunately, things took a turn […]

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US Spy Chief Reportedly Worried About China’s Crypto Dominance

With China making significant strides in crypto and blockchain development, the US Intelligence apparatus is reportedly worried about the US falling far behind its current economic rival. From crypto mining to central bank digital currencies (CBDCs), there is a popular narrative that Beijing controls vast swaths of the emerging digital economic landscape. A dismissal of […]

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Former Fed Chairwoman And Bitcoin Bear Janet Yellen Nominated For Treasury Secretary

Former Fed Chairwoman And Bitcoin Bear Janet Yellen Nominated For Treasury Secretary

President-elect Joe Biden has picked the former US Federal Reserve Chair Janet L. Yellen as the next Treasury secretary. The cryptocurrency community has shown skepticism regarding the potential effects on Bitcoin, as Yellen has historically displayed negativism on BTC. Biden Nominates Yellen For Treasury Secretary As firstly reported by The Wall Street Journal, the US […]

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