Celsius receives summons from US grand jury
Federal regulators and US prosecutors are requesting data from the insolvent cryptocurrency lender Celsius Network. The inquiries, which were made public in court documents this month, give an idea of the difficulties Celsius is having with the law as it tries to restructure. To prevent a user panic run, the company froze customer withdrawals in […]
U.S. House Bill aims to ban UST-Like Stablecoins for two years
Although its full impact and consequences are yet to be determined; a recent draft of a U.S. House bill proposes a two-year ban on stablecoins like Terra’s UST stablecoin. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., and the SEC are just a few of the federal […]
Advocate of bitcoin proposes BTC as fix to US student loan crisis
According to Dennis Porter, the government should give debtors $10,000 worth of Bitcoin and lock it away for ten years. Following the announcement by US President Joe Biden of a plan to forgive millions of Americans’ college debts of up to $20,000, a proponent of Bitcoin (BTC) suggested an alternate way to settle the debt. […]
U.S. Inflation for March Soars to 8.5%, Has Bitcoin (BTC), Other Cryptos Priced In
The US Labor Department revealed inflation figures for March 2022 on Tuesday, April 12th, which stood at 8.5%, the highest in four decades since 1982. The crypto market has already awaited this event entering into a steep correction earlier on Monday. Bitcoin (BTC) and the broader crypto market are displaying a marginal bounce back, just […]
Miami authorities recover $34M in crypto linked to illegal dark web activity
Federal prosecutors in Miami, Florida have seized about $34M in cryptocurrency as part of the crackdown on drug and financial crimes. This accounts for one of the largest cryptocurrency forfeitures by the United States. Law authorities detected a South Florida resident using an online pseudonym “raking in millions” selling stolen account information from sites like […]