Category: United States
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Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines
A U.S. listed Chinese sports lottery firm announced that it has entered into a purchase agreement to acquire bitcoin (BTC) mining machines. The deal involves the issuing of $14.4 million worth of 500.com Class A ordinary shares. Models Include S17, T17, M20s and S9 According to the announcement, 500.com Ltd reached an initial agreement to…
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Former Coinbase compliance exec joins BitGo as new CCO
BitGo has hired a former Coinbase compliance officer following a $98,000 settlement with the U.S. Treasury.
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Seven times that US regulators stepped into crypto in 2020
From capping off the era of ICOs to tightening regulations on private wallets, U.S. financial watchdogs waded deeper into the crypto land than ever in 2020.
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Central Washington Raises Concerns Over Possible Bitcoin Mining Boom
A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. Bitcoin Bull-Run Could Revive Interest in Mining, Officials Warn Per the Seattle Times, bitcoin’s…
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As Biden preps $3T stimulus, Bitcoin could be set to erupt
Biden’s fiscal stimulus plan could send the BTC price rocketing higher.
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Ripple’s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon
Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator. Garlinghouse Says There Is ‘Regulatory Chaos’ in the US In a Twitter thread on his official profile, Garlinghouse…
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Novogratz predicts young people will buy Bitcoin with their stimulus checks
Mike Novogratz claims that many people bought Bitcoin after the last round of federal stimulus checks, and thinks they’re likely to again.
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US crypto firms invest in tax solutions as IRS updates reporting forms
Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit.
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Top Gambling Firm IGT Obtains US Patent for a System to Enable Customers to Fund Their Bets via Crypto
A gambling tech giant received the green light from the U.S. Patent and Trademark Office (USPTO) to start offering cryptocurrency payment options to their users. The company is known for manufacturing slot gambling machines. Gamblers Could Also Transfer Crypto From Their Wallets to the Casino’s Ones Per records from the USPTO, International Game Technology (IGT)…
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FinCEN’s wallet rule is open for another day of comments because ‘government officials can’t count to 15’
The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed.