Two US lawmakers, Maxine Waters and Patrick McHenry are collaborating on a bill that would impose strict bank-like regulations for stablecoins, The Wall Street Journal reported July 20. Stablecoin issuers would reportedly be forced to have their reserves backed in conservative assets like cash and US Treasury bonds that would not be vulnerable to market…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Commodity Futures Trading Commission (CFTC) is garnering support to be the primary regulator for the crypto industry amongst stakeholders in the crypto industry and US lawmakers, Commissioner Summer Mersinger said during the Reuters Commodities Trading USA conference in Houston. The…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The US Department of Justice (DOJ) has called for more international collaboration and sharing of information about crypto crimes to protect investors, businesses, and consumers using digital assets in its latest report. According to the report, the DoJ said that international…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the U.S. senate. According to a report from Politico, this is a first-of-its-kind bill aimed at totally incorporating digital assets into the U.S. financial…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A retirement savings service provider, ForUsAll, is suing the U.S. Department of Labor over recent guidance issued to fund managers and companies that offer 401(k) holders the option to invest in crypto-assets, The Wall Street Journal reported. The San Francisco-based administrator…
The US has become the dominant country for crypto mining, but that dominance isn’t reflected in the crypto mining stocks, which continue to perform poorly as the market plunges, Barrons reported. The Cambridge Bitcoin Electricity Consumption Index (CBECI) had revealed that the US accounts for around 38% of the global Bitcoin hash rate in January…
The Federal Bureau of Investigations (FBI) has alerted the general public and businesses against unwittingly hiring North Korean IT workers. In a joint statement released with the U.S. Department of Treasury and Department of State, the federal agency stated that doing so could result in sanctions from the UN and the U.S. and reputational damage….
The U.S. has announced new sanctions against entities connected to Russia, and this time around, one of them is a crypto mining company, according to a Reuters report. BitRiver operations hit with sanctions According to the US Treasury Department, the over 40 entities and people include the holding company of Moscow-based Bitcoin miner, BitRiver. It…
The United States Secret Service has seized over $100 million worth of digital assets from malicious actors in fraud-related investigations over the past seven years, CNBC reported. The federal agency revealed that it has handled around 254 cases since 2015 and that its activities have been yielding positive results, and that it has no intention…
Former Ethereum Foundation developer Virgil Griffith was sentenced to 5 years in prison after pleading guilty to a one-count charge of conspiracy to violate the U.S. International Emergency Economic Powers Act, Bloomberg News reported. Ignored warning His offense was helping North Korea to evade sanctions by attending a 2019 blockchain and cryptocurrency conference in Pyongyang….