US

BitConnect founder Satish Kumbhani has been officially charged with defrauding investors on the crypto platform of about $2.4 billion, via an elaborate Ponzi scheme. Kumbhani’s Charges The US Department of Justice shared the details of his charges after a federal grand jury indicted Kumbhani. According to the official documents, Kumbhani’s allegations include working with co-conspirators to commit wire fraud.  Additionally, the authorities charged him with conspiracy to commit market manipulation and for providing unlicensed money transfer services. The grand jury’s…

Renowned Texas Rep. Ted Cruz is making waves after delivering a passionate defense of Bitcoin against its “authoritarian” critics. Calling out Elizabeth Warren and other “big government” Democrats, he said they only oppose the technology because they “can’t control it”. Bitcoin Beats Authoritarianism Ted Cruz aired his view on the matter during episode 109 of Verdict's political talk show on Saturday. In conversation with Michael Knowles, the two noted how Bitcoin was being used as a roundabout way of donating…

The United States Securities and Exchange Commission (SEC) regulates the financial security market at a federal level. Among the many topics that have caught the interest of the SEC, one must remember to mention the crypto and blockchain markets. The existing SEC crypto regulations target several common aspects of this new industry, which is why every investor must pay attention to these regulations. Therefore, while the world waits for a global policy on the sector, our article will deal with the…

With discussions for a US-based CBDC underway, forces are already acting to ensure it doesn’t mimic China’s digital yuan. For example, Tom Emmer – a Republican House member – recently introduced a bill preventing the Fed from issuing a CBDC directly to individuals. Stepping Away From Authoritarianism Emmer announced the bill in a tweet on Wednesday, attached to a thread explaining its purpose. He insisted that a United States CBDC must ensure financial privacy, cultivate innovation, and maintain the dollar’s…

Celebrities and athletes aren’t the only ones aping into the NFT game. Digital assets are now part of political strategy. Two US congressional candidates have taken to selling NFTs to raise funds for their midterm election campaigns. The campaigners using this strategy cross party lines, though positive attitudes towards crypto among current congresspeople do not. Selling NFTs Like MAGA Hats As reported by Bloomberg, the strategy is currently being used by California Democrat Shrina Kurani, and Arizona Republican Blake Masters.…

Former US President Donald Trump remains stubbornly opposed to the digital asset ecosystem. In a recent interview, he called cryptocurrencies “a hazardous thing” while showing a strong preference for the US dollar. His stance against the industry puts him in rare agreement with Hillary Clinton, who believes that crypto threatens dollar hegemony. Dollars Over Bitcoin, Says Trump Trump re-established his disdain for cryptocurrency in conversation with Fox anchor Maria Bartiromo on Tuesday. She asked him about his thoughts on the…

It looks like Meta is bringing the world of crypto to social media apps beyond just Facebook. The company recently announced that Novi – its native digital currency wallet – has been integrated into WhatsApp's messaging service. This comes shortly after David Marcus, head of Novi, announced plans to leave the project at the end of the month. Crypto Payments Through WhatsApp Stephane Kasriel – incoming head of Novi – revealed the wallet’s WhatsApp compatibility in a tweet on Wednesday.…

In the last decade, Bitcoin has had significant attraction and growth worldwide. Today, Bitcoin has the support of hundreds and thousands of users and has become a bastion in the crypto landscape. Despite its tumultuous history, Bitcoin remains the most reliable and profitable long-term investment. On the other hand, the viability of this cryptocurrency is more anonymous than people think. Of course, BTC holders can avoid the control of traditional financial institutions. But it also carries an added risk that…

Francis Suarez – Mayor of Miami, Florida – recently said that he is preparing a Bitcoin airdrop for residents of the city. This comes on the heels of a budding rivalry between him and NYC mayor Eric Adams to create the most Bitcoin-friendly jurisdiction. Free Bitcoin in Miami Mayor Suarez revealed his plans in an interview with CoinDesk earlier today. They began discussing the city’s new cryptocurrency, MiamiCoin, which has earned the city over $21 million since launching in August.…