Regulators across multiple US states have announced enforcement actions against crypto lender Nexo, with cease-and-desist orders from some over Nexo’s interest-bearing crypto product. On Monday afternoon, at least eight states had variously filed actions against the leading crypto lender. A
US Congressman Tom Emmer (R-MN) wants answers from the Treasury Department over the sanctions the agency imposed on Tornado Cash. In a letter addressed to Treasury’s Janet Yellen on Tuesday, Rep. Emmer highlighted his take on the sanctions, noting the
The ex-OpenSea product manager filed the motion at the United States District Court for the Southern District of New York. He says NFTs are not securities or commodities and thus he cannot be charged with wire fraud. The US Department
FDIC sent the cease and desist letter to five companies, including FTX US and mentioned alleged misleading tweets from FTX US president Brett Harrison. The agency wants the crypto company to ensure any misleading details are removed and compliance confirmed
eToro will acquire the US-based startup for $50 million in a cash and common stock deal. The deal is part of eToro’s plans to expand into the US market, where Robinhood remains one of the main competitors. Gatsby launched in
The FDIC says the public should note that deposit insurance does not cover non-bank entities and non-deposit products, including stocks and cryptocurrencies. The Federal Deposit Insurance Corp (FDIC), an independent US agency that insures deposits and helps protect customers in
Chainlink (LINK) price rose sharply on Thursday to break above $7.20 as the crypto market rode positive momentum across risk assets. At the time of writng, LINK/USD was trading near $7.17 with weekly gains now up to 5% and 30-day
Cryptocurrency ATM firm CoinFlip has announced a new fund venture set to boost the emerging Web3 ecosystem, according to a news release the fintech company shared on Wednesday. The CoinFlip Ventures, which the Chicago-based crypto company will fund to a tune
Atlanta film producer Ryan Felton has pleaded guilty to charges indicating he ran a cryptocurrency scam that saw him steal over $2.5 million from crypto investors. The film producer, indicted in the US over his activities around the crypto projects
The United States has become one of the largest cryptocurrency mining countries in the world. The United States has become home to some of the leading cryptocurrency mining companies in the world. Since China’s crackdown on cryptocurrency mining activities in
The cryptocurrency market has grown tremendously over the past few years and experts believe the market is still in its early stages. Brain Brooks, the CEO of BitFury and former U.S. Acting Comptroller of the Currency, stated that cryptocurrencies are
America needs to “get very serious about [its] Bitcoin strategy as a nation-state,” said Pompliano. Bitcoin is a US technology “from an ethos standpoint,” he added. Most of the selling pressure around BTC is from short-term holders and institutional traders
The US President Joe Biden has signed an executive order that actively calls for policies on Bitcoin and other cryptocurrencies and urgent action in researching and developing a central bank digital currency (CBDC) in the US. The executive order outlines
Last year, Elizabeth Warren described cryptocurrencies as the refuge of “shadowy super coders”, leading commentators to criticise the ignorance of US politicians towards an increasingly important aspect of modern financial life. Warren isn’t a fair representation of Washington as a