A new perspective on the downfall of Silvergate Bank, once a major player in the cryptocurrency sector, has emerged from industry executive Nic Carter. In a September 25 article for Pirate Wires, Carter, a partner at Castle Island Ventures, suggested that the bank could have survived its challenges if not ...
A coalition of cryptocurrency advocates is urging the US administration to implement a comprehensive regulatory framework for digital assets, citing benefits for economic stability and national security. According to a post by Chen Arad, the Crypto Market Integrity Coalition (CMIC) sent a letter to President Joe Biden and Vice President ...
Crypto exchange XT.COM has announced listing several new tokens and trading pairs, including a BIDEN, a new memecoin inspired by U.S. President Joe Biden. According to XT.COM's announcement, "$BIDEN token is a Memecoin run by the community making fun of Joe Biden and all his meme-worthy actions." Despite their differing ...
President Joe Biden has issued an order halting further operations of a China-linked cryptocurrency mining company on land near a nuclear missile base in Wyoming. The White House published an order on May 13, 2024, compelling MineOne Cloud Computing Investment and its affiliates to divest their property near the Francis ...
Uniswap's founder, Hayden Adams, has suggested that U.S. President Joe Biden and Democrats must quickly change their stance on cryptocurrencies and related technologies. In a recent statement, Adams emphasized the growing importance of crypto in the political landscape, particularly as Republicans increasingly embrace digital assets as a critical campaign issue. ...
President Joe Biden recently took to Twitter to share an infographic calling for the closure of tax loopholes that supposedly benefit wealthy cryptocurrency investors. The president estimated that the government could save approximately $18 billion by addressing these loopholes. However, he did not provide specific details about which loopholes he ...
The Biden administration has reiterated its support for the proposed Digital Asset Mining Energy (DAME) tax, which would impose a 30% excise tax on the electricity consumed by cryptocurrency miners. The White House's Council of Economic Advisers (CEA) released a statement on May 2, 2023, supporting the tax and citing ...
Introduction If you believed that the hostile demeanour of the United States' regulatory stance towards the cryptocurrency sector lacked backing from the government, President Joe Biden has taken steps to shatter that illusion. On 21 March 2023, the White House published its Economic Report of the President (Report), which dedicated ...
