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“# Miami mayor plans to accept first paycheck entirely in Bitcoin ” Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin. In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or…
“# US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks ” The President’s Working Group on Financial Markets, or PWG, has released a report suggesting that stablecoin issuers in the United States should be subject to “appropriate federal oversight” akin to that of banks. A Nov. 1 U.S. Treasury report from the group…
“# Crypto.com is the #1 app in the Google Play Store in the US ” Cryptocurrency exchange Crypto.com now tops the charts as the most downloaded app for the U.S. Google Play Store across all categories. According to the most recent list of Google Play Store’s top free apps, Crypto.com’s app has surged in number…
“# Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit ” An average American taxpayer received three rounds of stimulus checks from the United States government as a means to reignite the economy by increasing consumers’ spending potential. For many, this meant an opportunity to invest in Bitcoin (BTC). A Cointelegraph report from Aug….
“# Latinx communities continue to rise above Bitcoin adoption obstacles ” Digital assets have recently become more and more prevalent in our daily lives — in the news, popular culture and our personal interactions. In the first quarter of 2021, the number of global daily Bitcoin (BTC) transactions hit 367,536. Bitcoin alone now accounts for…
“# The United States will become the global crypto and blockchain leader “ We have some great news coming out of the United States on the cryptocurrency industry this month with potentially more good news coming later this fall. On Oct. 6, Gary Gensler, head of the U. S. Securities and Exchange Commission (SEC), confirmed during…
“# The major tax myths about cryptocurrency debunked ” Crypto and taxes may not be a match made in heaven, but taxes seem inevitable, and the United States Internal Revenue Service (IRS) has made it clear it is going after people who don’t report. With IRS summonses to Coinbase, Kraken, Circle and Poloniex, plus other…
“# US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation ” U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to…
“# Crypto lending firms on the hot seat: New regulations are coming? ” A number of states in the United States, including Kentucky, Texas, Alabama, Vermont, New Jersey and, most recently, New York have been cracking down on crypto lending. Depending on one’s perspective, these can amount to acts of collective desperation or a foretoken…
“# More than 40 digital currency ETFs await US regulatory approval ” Fund managers appear to be scrambling to match demand from investors as major cryptocurrencies such as Bitcoin (BTC), and Ethereum (ETH) teeter around record price levels. According to a Bloomberg Terminal screenshot taken by Bloomberg Intelligence analyst James Seyffart, over 40 cryptocurrency exchange-traded…