Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem.
City in North Dakota now accepts cryptocurrency for utility payments
The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay.
Binance is reportedly under investigation from IRS and Justice Department
The price of Bitcoin and Ether both fell between 3% and 5% as the report spread across social media.
Diem parters with Silvergate bank to launch stablecoin in the US
Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate.
Gemini’s crypto custody tops $30B as analyst predicts Coinbase shares will fall to $100
Gemini’s crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers,
IRS will seize your crypto if you can’t pay back taxes
If you’re a cryptocurrency holder with past-due tax debts, your provable holdings may be confiscated by the IRS if you don’t pay back what you owe.
SEC enforcement actions cost crypto firms and individuals $1.7B in penalties
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings.
Bitcoin car will race at the Indianapolis 500
“This isn’t the Strike car, the Coinbase car, the Kraken car […] this is the Bitcoin car,” said Jack Mallers.
SEC warns of Bitcoin futures risks in mutual funds
The U.S. SEC will monitor the compliance of mutual funds with exposure to Bitcoin futures and look into whether the market can accommodate an ETF.
From cypherpunk to state contracts: the changing face of blockchain
Three blockchain executives discuss their work with governments in fraught political contexts, and the questions it raises about blockchain’s claim to the libertarian banner.
Texas house passes crypto-friendly bill, now goes to senate
Governor Greg Abbott has already hinted he is open to signing the bill into law.
Nebraska bill to allow banks to offer crypto services moves forward
Nebraska senators have favored a measure that would allow state banks to facilitate crypto transactions like those in Wyoming.
SEC chair hints at greater regulatory oversight for US crypto exchanges
Gary Gensler said a regulatory framework for digital assets from the SEC or CFTC “could instill great confidence” for investors.
Coinbase crypto exchange to close San Francisco headquarters in 2022
Coinbase is taking measures to ensure that no office becomes an unofficial headquarters.
UFC to launch MMA fan token on Chiliz blockchain
Debuting in June, the new UFC fan token will have a maximum supply of 20 million.
Investment app Betterment still not ready to offer crypto services, says CEO
After posting record-breaking growth in Q1 2021, digital wealth platform Betterment is still studying whether it needs to add crypto to its services.
Former US treasurer joins Ripple board
“Blockchain and crypto will underpin our future global financial systems,” said the new board member.
Bitstamp announces US expansion after 570% increase in customers
“The potential upside for new retail and institutional investors in the U.S. is astronomical,” said CEO Julian Sawyer.
Blockcap plans to have 50K Bitcoin miners operational by 2023
Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream.
Employer paid worker in crypto, then demanded it back when price rose
“I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating,” said the contract worker.