US

According to a report released by NBC on Wednesday, U.S. prosecutors are investigating Block, a company featuring cryptocurrency services co-founded by Twitter co-founder Jack Dorsey. The allegations against the company involve accusations of processing transactions linked to sanctioned countries and potentially even individuals associated with terrorist activities. Former Employee Alleges Compliance Failures at Block During discussions with prosecutors from the Southern District of New York, a former employee provided documents allegedly demonstrating inadequate information collected from Square and Cash App…

Federal prosecutors are currently investigating payment processing company Block over non-compliance. The investigation centers on Block’s deficiency in collecting user data, Which now enables entities from sanctioned nations to process their transactions using Block’s product.  Federal prosecutors are currently investigating payment processing company Block over non-compliance with such dodging transactions of terrorist groups and sanctioned entities, which got concealed through this messaging app. The investigation, spearheaded by the U.S. Attorney’s Office for the Southern District of New York, centers on…

On April 30, the popular millennial trading platform Robinhood announced that its crypto Connect feature was now available on the Uniswap mobile application. It added that eligible Robinhood customers can get $10 in the USD Coin (USDC) stablecoin as a reward when they buy the equivalent amount of crypto using Robinhood Connect as a payment method on the Uniswap wallet. Robinhood Connect is now available on @Uniswap wallet! Limited time offer: Eligible Robinhood customers can get $10 of USDC as…

The United States Department of Justice (DOJ) has charged and arrested Roger Ver, an early BTC investor known as Bitcoin Jesus, for evading taxes of up to $50 million. According to an official release, the DOJ unsealed the indictment against Ver on April 29 and ordered his arrest in Spain during the weekend. U.S. DOJ Charges Ver for Tax Evasion The DOJ’s indictment accused Ver of filing false tax returns, committing mail fraud and tax evasion between 2011 and 2017…

The post US Treasury’s $125M Plan and Arthur Hayes Insights Hint at Crypto Market Recovery appeared first on Coinpedia Fintech News The US Treasury’s $125 million refunding and buyback plan, alongside insights from Arthur Hayes, signal potential market stabilization. This measure by the Treasury Department points at a possible stability for both crypto and stock markets. Arthur Hayes points at macroeconomic factors like a $200 billion infusion of tax receipts to be most crucial for market recovery. Treasury’s strategy includes…

A recent report by KPMG revealed that Canadian institutional investors are getting more interested in cryptocurrency assets as a safeguard against economic uncertainties.  The KPMG study indicates that Canada’s proactive regulatory environment is the main factor attracting institutional interest to crypto assets. Canadian institutional investors have expanded their presence in crypto as a hedge against economic uncertainties, according to a recent KPMG report. The study points to a significant increase in exposure to crypto among financial services providers and institutional…

Since the US Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs) on January 11, 2024, the crypto market has experienced a significant recovery. This culminated on March 14, 2024, when Bitcoin (BTC) reached a new all-time high (ATH) of $73,737. This uptrend isn’t confined to the US alone. Hong Kong just launched its spot Bitcoin and Ethereum ETFs, while Australia is preparing to launch its own versions of spot Bitcoin ETFs. The global enthusiasm mirrors the community’s…

The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market.  With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows in the United States. HK Bitcoin ETF Market Poised For Record-Breaking Debut Zhu Haokang, the Digital Asset Management Supervisor and Family Wealth Supervisor at Warsaw…

Spot Bitcoin ETFs have caused a major stir in the cryptocurrency industry, unlike anything seen before. Following the US and Hong Kong, Australia is now gearing up for a series of launches of Bitcoin exchange-traded funds. The ASX has received applications from at least two organizations, and there’s another one in the pipeline Australia Braces for Bitcoin ETF ASX Ltd., which manages about 80% of the country’s equity trading, is expected to approve the first spot Bitcoin ETFs for the…