Cryptocurrency Archives

Trump Signs Executive Order Banning Central Bank Digital Currencies

President Donald Trump has signed an executive order to prohibit the creation of a "digital dollar" in the form of a central bank digital currency (CBDC). Trump's order seeks to clarify regulations in the cryptocurrency industry to "secure America's position as the world's leader in the digital asset economy." The…

Trump Nominates Cryptocurrency Advocate Paul Atkins to Lead SEC

President Donald Trump has nominated cryptocurrency advocate Paul Atkins to lead the Securities & Exchange Commission (SEC). Trump named Atkins as SEC chairman on Wednesday after vowing on the campaign trail to fire Gary Gensler from the position. During the campaign trail, Trump pledged to introduce policies to transform the…

Melania Trump Launches New Digital Series for Growing Blockchain Business

Melania Trump's latest venture into digital artwork highlights her commitment to her growing blockchain business. The incoming first lady has launched a new series of digital images titled "On the Move," featuring her in various professional scenarios, Yahoo Entertainment reported. The launch shows Melania Trump's plans to continue her own…

Trump Uses Bitcoin to Buy Burgers at NYC Bar

President Donald Trump stopped off at a bar during a campaign stop in New York City, and in typical fashion, the Republican presidential nominee bought burgers for all the patrons. However, Trump paid for the hamburgers using the number one cryptocurrency Bitcoin. Crypto advocates hailed the moment as "one of…

Russia Legalizes Bitcoin Payments for International Trade to Counter Sanctions

The Russian government has just taken a significant step in bypassing global sanctions by passing new laws to allow businesses to use Bitcoin for international trade payments. Russian lawmakers passed a bill on Tuesday that will allow businesses to use cryptocurrencies in international trade. The move is part of Russia's…

Trump Campaign Receives $2 Million in Bitcoin from Billionaire Winklevoss Twins

President Donald Trump's campaign has just received a huge Bitcoin donation from two prominent figures in the cryptocurrency space. On Thursday, billionaire twin brothers Cameron and Tyler Winklevoss announced on social media that they are endorsing Trump's re-election bid. In addition, they put their money where their mouth is and…

Cryptocurrency Firm Tether Freezes $225 Million in Customer Funds over Human Trafficking Allegations

Cryptocurrency firm Tether has frozen $225 million worth of customer funds over allegations of human trafficking. The company, which controls a stablecoin pinned to the U.S. dollar, took the action after it was reported that the funds were linked to a human trafficking syndicate in Southeast Asia. The U.S. Department…

IRS to Prioritize Criminal Investigations and Enforcement for Certain Assets

The Internal Revenue Service (IRS) has announced that the federal tax agency is prioritizing criminal investigations and will be increasing enforcement on certain assets. The IRS revealed that it plans to increase enforcement in the area of digital asset transactions and listed transactions. The agency identified certain transactions to have…

Tucker Carlson Warns Banking Crisis Will Lead to Digital Cash

Fox News star Tucker Carlson has warned his viewers that Democrat President Joe Biden's administration will usher in a federal government-control digital currency if Americans don't make their voices heard over the banking crisis. During the opening of his show, Carlson warned that the collapsing banking system will open the…

New York’s Signature Bank Closed Down by Regulators over ‘Systemic Risk’

Regulators have shut down New York's cryptocurrency-focused Signature Bank in an effort to prevent the banking crisis from spreading. The banking regulators cited "systemic risk" in a statement announcing the move on Sunday evening. "We are also announcing a similar systemic risk exception for Signature Bank, New York, New York,…