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“# Bitcoin bulls in City Hall: Meet America’s crypto mayors ” As 2021 comes to a close, Bitcoin (BTC) has had a tumultuous ride this year, with wild price swings that have seen the pioneer cryptocurrency hit all-time highs only to retrace to lower prices — including a 50% drop that shook the market. Now,…
“# Is US politics divisive enough to make crypto a partisan issue? ” As the perceived legitimacy of blockchain technology increases, politicians in the United States have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness. Speaking via video to an audience of the Bloomberg New Economy Forum in…
“# Inflationary winds from around the world spell a sea change for Bitcoin ” Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently, there are fresh warnings of an inflationary storm. If…
“# Digital currencies won’t impact US sanctions, Treasury exec says ” Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in…
“# US lawmakers introduce bill to ‘fix’ crypto reporting requirement from infrastructure law ” A bipartisan group of United States lawmakers has introduced legislation to change the tax reporting requirements that will go into effect due to the recently signed infrastructure bill. House Representatives Patrick McHenry and Tim Ryan introduced the Keep Innovation in America…
“# Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger ” Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC. In a Thursday report, Bloomberg said Bitcoin (BTC) mining firm PrimeBlock is currently discussing going public in…
“# US city sets up Bitcoin ATM in airport after crypto payment adoption ” The North Dakota’s City of Williston continues exploring and adopting the cryptocurrency industry by elevating a crypto automated teller machine (ATM) in its international airport. The city’s administration officially announced the installation of the “government-hosted cryptocurrency kiosk” at the Williston Basin…
“# Bitso and Circle work on crypto payments between Mexico and US ” Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States. The company announced on Thursday that the integration with payment solutions from…
“# Lawmakers push back on crypto provisions in Infrastructure Bill ” Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the newly passed Infrastructure Bill. Ten U.S. Democratic Congresspeople led by Rep. Darren Soto from Florida called for revisions to…
“# U.S. is not moving fast enough to develop a CBDC, says former CFTC chair ” Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems. In a Wednesday hearing of the Joint Economic Committee…