Tag Archives: US

US Congressmen Introduce Two Bills to Prevent Crypto Price Manipulation

Two congressmen from Florida and North Carolina have introduced bipartisan legislation aimed to help prevent cryptocurrency price manipulation. Representatives Darren Soto (Democrat) and Ted Budd (Republican) jointly announced Thursday that their two bills – “The Virtual Currency Consumer Protection Act of 2018” and the “U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” – are ultimately aimed… Read More »

Mark Yusko: US Stock Market Bloodbath Likely, Bitcoin a Good Long-Term Bet

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Student loans, credit card debt, mortgage, corporate loans, and all kinds of debt are placing huge pressure on the U.S. stock market. Over the long-term, Mark Yusko believes emerging markets and Bitcoin are… Read More »

Bitmain Faces $5 Million Lawsuit Over Alleged Unauthorized Crypto Mining

Cryptocurrency mining giant Bitmain is facing a class action lawsuit for over $5 million that alleges unauthorized crypto mining by the firm. On Nov. 19, lead plaintiff Los Angeles County resident Gor Gevorkyan filed the case against both Bitmain’s China- and U.S.-based entities in the federal court of the Northern District of California, alleging that the firm’s devices… Read More »

No, Governments Can’t do a Better Job Developing Crypto

Would a state-backed cryptocurrency be better than its decentralized counterpart? International media has already rolled out their opinions on the matter. It’s a YES-IT-CAN.The opinions find their inspirations in comments made by Christine Lagarde last week. The head of the International Monetary Fund (IMF) said that a government-backed cryptocurrency would eliminate the issues of trust that have clogged the decentralized… Read More »

US, Korea, China Stock Markets Plummet: is Crypto Correlated?

Advertisement Twitter Facebook LinkedIn The crypto market is continuing to lose its value as the U.S., South Korea, and China demonstrate record high losses in their respective stock markets. As an alternative store of value, cryptocurrencies are considered as viable long-term investments, especially by millennials, in a period of global financial market instability and volatility. However, recent weeks… Read More »

The SEC’s Recent Rulings Are More About Exchanges Than ICOs

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. With the market reeling from the SEC’s settlement last week with two ICO issuers for not registering their… Read More »

Giga Watt Drastically Revises Assets in Updated Bankruptcy Filing

Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised filing. The firm lodged an amended voluntary petition at the bankruptcy court in the Eastern District of Washington on Thursday, stating the value of its assets as being between $10 million and $50 million, far higher than the previously stated $0–$50,000… Read More »

Investors in US Market Paid $39,000 to Buy Bitcoin at Peak Using GBTC

Advertisement Twitter Facebook LinkedIn In the bull market of 2017, crypto investors paid more than $40,000 per Bitcoin (BTC) to purchase the dominant cryptocurrency. In the US market, a product called the Bitcoin Investment Trust (GBTC) offered by Grayscale Investment, a subsidiary of Digital Currency Group (DCG) exists that allows retail investors to invest in Bitcoin through the… Read More »

Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors. The firm filed for Chapter 11 bankruptcy at a court in the Eastern District of Washington on Monday, revealing that it still owes its biggest 20 unsecured creditors nearly $7 million in court documents seen by CoinDesk. Creditors include the utilities provider in its Douglas… Read More »