In response to recent sanctions and wallet freezes linked to the crypto exchange Garantex, Russian finance officials are considering the development of a national stablecoin to safeguard the country’s financial infrastructure from foreign interference. According to reports on by Reuters and Russian state news outlet TASS, Osman Kabaloev, deputy director ...
The United States is actively exploring unconventional, budget-neutral strategies to grow its national Bitcoin reserve—without dipping into taxpayer funds—according to Bo Hines, executive director of the Trump administration’s crypto advisory council. In a recent interview with Anthony Pompliano, Hines, the CEO of Professional Capital Management, discussed the administration's consideration of ...
Singapore-based artificial intelligence firm Genius Group has been temporarily barred from expanding its Bitcoin treasury after a U.S. court issued a preliminary injunction (PI) and temporary restraining order (TRO), preventing the company from selling shares, raising funds, or using investor capital to acquire more Bitcoin. The injunction, handed down by ...
A well-known XRP community member, Arthur, has urged members of the ecosystem to remain patient amid the token's continuous decline over the past seven days. XRP, currently trading at $2.11, has lost over 10% of its value during this period, including a 4% drop in the last 24 hours. Arthur ...
According to Real Vision crypto analyst Jamie Coutts, a weakening US dollar is fueling a bullish narrative for Bitcoin, but key financial metrics suggest potential short-term risks. In a March 9 post on X, Coutts noted that while the US Dollar Index (DXY) has plunged to a four-month low of ...
A United States appeals court has upheld a lower court's decision to reject a lawsuit against Lemonade Insurance, brought by a Virginia homeowner seeking coverage for a $170,000 loss from a cryptocurrency scam. The Fourth Circuit Court of Appeals ruled on October 24 that Lemonade Insurance had no obligation to ...
The United States and Nigeria have established a Bilateral Liaison Group aimed at tackling illicit finance and cryptocurrency-related crimes. The U.S. Department of State announced this partnership on Wednesday, October 23, highlighting the importance of collaboration in addressing financial crime and cyber threats, particularly concerning the misuse of digital assets. ...
State securities regulators across North America are facing an unprecedented surge in technology-driven investment fraud as digital assets and social media scams reach record levels, according to a new report by the North American Securities Administrators Association (NASAA). The report reveals that regulators in the U.S, Canada, and other North ...
The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the dollar's status as the world's reserve currency. US Govt Bitcoin Holdings. ...
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 ...
