Debt limit negotiations, which were fruitless on Monday, will be resumed on Tuesday between President Joe Biden and leading Republican Kevin McCarthy. The Treasury Department is taking measures to avert an unprecedented default, such as probing government agencies about the flexibility of impending payments, as the likelihood of the United
Robert F. Kennedy Jr., the presidential candidate in the United States, became the first-ever presidential candidate to accept Bitcoin as a campaign donation. Moreover, he stated that everybody is passionate about Bitcoin, not just because it is a currency but because it’s an exercise in democracy. Robert showed up at
Coinbase, one of the top crypto exchanges, has announced that the exchange is soon to launch a feature for trading with USDC. It allows users to trade faster and with a more rewarding advanced trading experience. More USDC trading pairs means a faster and more rewarding Advanced Trade experience. See
Judge Analisa Torres denied the U.S. Securities and Exchange Commission’s motion to seal the Hinman documents in the case of Ripple v. SEC. According to the report, the U.S. District Court has identified the Hinman documents as judicial documents. Judge Torres stated that the SEC moves to seal the Hinman
In a May 15 Reddit Ask Me Anything (AMA) session, the US Secret Service’s (USSS’s) San Francisco Division and the Bay Area Regional Enforcement Allied Computer Team (REACT) shared their efforts in safeguarding the nation’s financial infrastructure, particularly in the realm of cryptocurrency. The Secret Service, known for protecting US
The U.S. Department of Justice (DOJ) will target crypto exchanges that engage in or allow criminal activity, such as money laundering. Moreover, the illicit transaction rate has surged up to $20 billion in 2022, which is an increase of 40% from 2021. On Monday, the Financial Times reported that the
According to the Forbes report, Kelly Phillips Erb 2 wrote that the President of the U.S., Joe Biden is closing the tax loopholes worth $18B. These loopholes support wealthy cryptocurrency investors. Notably, the $18B could be the harvest tax losses along with the wash sales. We don’t have to guess
BlockFi, a digital asset ledger obtained court permission on May 11, 2023. The permission includes giving back $297 million to users who are non-interest-bearing accounts and not to those who moved their payments just a minute ago. BlockFi has undergone bankruptcy last year and the founder credentials of the user
One of the official representatives of the U.S. Securities and Exchange Commission (U.S SEC), John Reed Stark warns to ban Tether (USDT) from financial regulators of crypto-based companies in America. He also portrays Tether as a ‘Mammoth House of Cards‘. As per John, Tether would be the next denomination to
On Tuesday, a White House representative in Washington said that the cyberattacks and money theft over cryptos have been funding the North Korean Missle program. Undoubtedly, over 50% of the program is been funded so far. Meanwhile, the White House is the place where the US President and their belongings
