Senator Cynthia Lummis purchases almost a $100K Bitcoin
United States Senator and vocal supporter of Bitcoin and blockchain technology Cynthia Lummis, a Republican from Wyoming, purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16. The material was made public as part of the Stop Trading on Congressional Knowledge Act , or STOCK Act, which forbids profiting from nonpublic knowledge. The STOCK […]
AMC Theatres begins crypto payments for electronic gift card purchases
AMC Theatres, the world’s largest movie theatre chain, is one step closer to its aim of accepting crypto payments by the end of the year, with crypto purchases for electronic gift cards now available. CEO Adam Aron announced on Tuesday that AMC consumers can now purchase digital gift cards using cryptocurrencies such as Bitcoin (BTC) […]
SEC won’t ban crypto… but Congress could says Gary Gensler
Representative Tom McHenry feels the SEC, under Gary Gensler‘s leadership, has ignored regular operating procedures in its pursuit of cryptocurrency. Gary Gensler, the president of the United States, has said that the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the capacity or the intention to prohibit cryptocurrency trading […]
US Bank, America’s fifth-largest bank launches crypto custody services
US Bank, the America’s fifth-largest retail bank, revealed on Tuesday that it is introducing a cryptocurrency custody service for Bitcoin, Bitcoin Cash and Litecoin to its institutional investors. According to CNBC, U.S. Bank has collaborated with New York Digital Investment Group , or NYDIG, to provide Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC) custody […]
Upbit crypto exchange halts withdrawals for unverified users
South Korean crypto trading platform Upbit, as a means of improving its client verification system, stated that it is gradually limiting services for unverified users this week. The corporation announced a set of improvements to its client verification system on Saturday in order to comply with South Korea’s mandated Anti-Money Laundering (AML) regulations. According to […]