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Coinbase CEO Teases Launch of Debit Card in the U.S.

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Coinbase CEO Brian Armstrong has announced that the company is working on introducing its debit card to customers in the U.S.

Armstrong’s announcement came in a live AMA session on YouTube on May 16, 2019, during which he fielded questions and touched on various topics such as community trust ratings for altcoins and fraud prevention. While he did confirm that the debit card is coming to U.S. customers, he didn't divulge a specific release date.

Last month, Coinbase launched the Coinbase Card, a Visa-based debit card which, according to the exchange, allows customers to make purchases online and in-store using their crypto balances.  Read more...

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Coinme and Coinstar Plan Expansion of Bitcoin ATMs Across 19 U.S. States

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Coinme and Coinstar Plan Expansion of Bitcoin ATMs Across 19 U.S. States

Coinme has announced that its partnership with Coinstar is paying out major dividends, allowing them to continue expanding their goals to make bitcoin kiosks a commonplace sight in the United States.

The partnership between the two companies began in early 2019, combining Coinme’s bitcoin ATM experience with Coinstar’s nationwide fleet of 20,000 coin-to-cash kiosks.

In a press update on April 24, 2019, Coinme stated that it has experienced “strong national momentum and growth of its mainstream digital currency business, led by a massive increase in the number of kiosks where it offers the ability to buy bitcoin.” Due to the Coinstar partnership, Coinme’s number of bitcoin ATMs has shot up from 70 to more than 2,100 bitcoin-compatible kiosks.  Read more...

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Netflix (NFLX) Ranked as Most Reputable Company in the U.S.

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Consumer trust in major brands has been seriously tested over the last year, with numerous data breaches and ongoing issues with data privacy across various industries. Some companies have taken this opportunity to further their market dominance by appealing to the masses with trusted, high-quality products. The new leader of the pack, according to the […]
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Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’

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On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov was also arrested in Los Angeles and appeared before a judge in California.

Also read: ‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day  Read more...

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Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.

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According to a recent report, Joel Ortiz, the 20-year-old student from Boston who was indicted by prosecutors in Santa Clara, California, has been sentenced to 10 years in prison in what is believed to be the very first SIM swapping conviction in the United States.

Ortiz was charged last year on 28 counts involving various computer-related violations and crimes concerning information law. Ortiz took control of the identities of over 20 people, stealing a total of $ 5 million in cryptocurrencies with his SIM swapping technique. He pleaded guilty and accepted the plea deal of 10 years jail time.  Read more...

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4 Ways the U.S. Government Shutdown is Menacing Bitcoin and the Crypto Market

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By CCN.com: The U.S. government shutdown has entered its 35th day. For five weeks, many industries have been paralyzed and federal workers are living on food stamps and soylent. It’s almost incomprehensible to anyone living outside the land of the plenty that the majority of its population lives from paycheck to paycheck. This is still

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GoFundMe’s U.S. Government Shutdown Aid Campaign Just Hit its Funding Goal

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By CCN.com: A GoFundMe campaign to assist federal workers affected by the ongoing government shutdown has reached its $ 200,000 funding goal barely three days after it was launched. Organized by GoFundMe CEO Rob Solomon in partnership with author and motivational speaker Deepak Chopra, the campaign was organised to help affected workers with basics like food

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Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud

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Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud

U.S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS).

Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time  Read more...

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Back Pay? No Way: U.S. Federal Contractors Losing $200 Million in Daily Revenue Due to Government Shutdown

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U.S. federal government contractors could be losing up to $ 200 million in delayed or foregone revenue each day the shutdown drags on. In some cases, some contractors have completed work but their invoices can’t be processed as the responsible government agencies, departments or offices are closed. This is now beginning to be felt in the … Continued

The post Back Pay? No Way: U.S. Federal Contractors Losing $ 200 Million in Daily Revenue Due to Government Shutdown appeared first on CCN

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Federal Reserve’s Jerome Powell “Very Worried” About Massive U.S. Debt

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Jerome Powell said today that the Federal Reserve has no choice but to face the mounting U.S. debt balance. That negative balance is now $ 21.9 trillion. The annual U.S. deficit has reached sustained highs of over $ 1 trillion. Speaking at The Economic Club of Washington, D.C today Powell said: “I’m very worried about it.” Referring

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U.S. Nonfarm Payrolls Rise 312,000 in December Vs. 184,000 Expected

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U.S. employers added more workers than expected in December according to the Nonfarm Payrolls report, capping off a strong year of job creation for the world’s largest economy. December Hiring: By the Numbers Nonfarm payrolls increased by 312,000 in December, the highest since February, the Labor Department reported Friday. The unemployment rate rose to 3.9%

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U.S. Gamers Can Now Win Crypto Playing Fortnite With Unikrn

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Unikrn, a cryptocurrency-driven esports betting platform backed by Mark Cuban and Ashton Kutcher, has launched UMode, a player-vs-house betting platform that enables gamers to earn fiat or crypto by betting on themselves in normal matchmaking gameplay. Mega huge release for Unikrn, check https://t.co/7D701PnhMG for a peak at some of the changes in your area of the world! cc […]
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Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build

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According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing Crypto

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Regulatory Overreach is Crippling the U.S. Crypto Sector: Law Prof.

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A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and priorities” has resulted in a

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U.S. SEC Delays Decision on VanEck’s Bitcoin ETF Until February 2019

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SEC VanEck ETF Delay

The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund (ETF). Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.

The SEC stipulates that the commission must either approve or disapprove a proposal no later than “180 days after the date of publication of notice of the filing of the proposed rule change.” However, there is a special clause that permits the agency to extend this period by 60 days.  Read more...

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Bipartisan Bitcoin Bills to Step up Consumer Protection in the U.S.

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Two United States congressmen have introduced two pieces of legislation to help prevent alleged cryptocurrency price manipulation while aiming to position the U.S. at the forefront of innovation within the digital asset industry.

Also read: Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

Protection From Price Manipulation

The Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018 task U.S. financial regulators with researching means to protect retail investors from price manipulation, while staking the global economic powerhouse’s share in the evolving financial technology.  Read more...

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U.S. District Judge Turns Back SEC Request Regarding ICO

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U.S. District Judge Turns Back SEC Request Regarding ICOs

A new development has arisen in the U.S. Securities and Exchange Commission’s (SEC) efforts to regulate ICOs: a District Judge has turned back a request for an injunction.

According to a recent legal briefing, San Diego District Judge Gonzalo Curiel has been presiding over a case between the SEC and the startup company Blockvest. On November 27, 2018, although Judge Curiel had previously “granted the SEC’s ex parte request for a temporary restraining order and froze the assets involved in the ICO,” he has now stated that the SEC couldn’t demonstrate that buyers of Blockvest’s ICO expected to receive a profit.  Read more...

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U.S. FDA Eyes Blockchain to Enhance Food Safety in the Wake of E. coli Outbreak

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Following an outbreak of E. coli in the United States that was linked to romaine lettuce, the Food and Drug Administration (FDA) is considering better track-and-trace methods and this includes the use of blockchain technology. Speaking to business news channel CNBC, FDA commissioner Dr. Scott Gottlieb announced that the federal agency had hired the vice

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In Landmark U.S. Case, Mastermind Behind Two Fraudulent ICOs Pleads Guilty

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This is the ICO regulators warned you about. Maksim Zaslavskiy, who is the mastermind behind two ICOs for tokenized real estate and diamonds, has pled guilty to fraud in a federal district court in Brooklyn, N.Y. As the first case of ICO fraud in the U.S., this one sets a precedent, with a judge in September

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Bithumb and seriesOne Partner to Launch U.S. Securities Token Exchange

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Bithumb securities tokens

Aiming to create an SEC and FINRA-compliant U.S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.”

For South Korea-based Bithumb, the venture provides the exchange with new expertise around U.S. regulation. seriesOne, a company created by finance industry veterans in the tech, investment banking, venture capital and compliance sectors, operates a U.S. platform for initial security token offerings compliant with SEC exemptions like Reg CF and Regulation D.  Read more...

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