President Biden issued a highly anticipated executive order on cryptocurrency earlier today. The order mentions “national security” twenty times, and stresses the importance of maintaining the dominance of the U.S. dollar.
A digital dollar would be easier for the federal government of the United States to control than cash, but make it more susceptible to inflation and government controls than open-source currencies like Bitcoin.
Coinbase, one of the world’s top cryptocurrency exchanges, says it has blocked 25,000 cryptocurrency addresses linked to Russia, and released a statement saying it is “committed to complying with sanctions.”
The Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit that coordinates management of the global internet, has said it will not act on Ukraine’s demand to cut Russia off from the internet.
Binance.com, the world’s largest centralized cryptocurrency exchange, has rejected calls from the Ukrainian government to blacklist Russian users, saying it would “fly in the face” of the pro-freedom values of cryptocurrency to stop ordinary users from accessing the service.
In a speech at CPAC, Sen. Ted Cruz (R-TX) praised Nunchuk.io, a Canadian-based provider of custodial Bitcoin (BTC) wallets, for mocking the Canadian government’s lack of understanding of cryptocurrency after it received a demand to freeze wallets connected to the Freedom Convoy truckers — a demand it is technologically incapable of meeting.
Bitcoin and other cryptocurrency prices plummeted after Russia attacked Ukraine on Wednesday, but have partially recovered. Bitcoin was down as much as 8 percent following Russia’s invasion, but by Thursday afternoon had recovered much of the drop.
El Salvador President Nayib Bukele denounced on Wednesday an effort by U.S. senators to introduce legislation that would “mitigate potential risks to the U.S. financial system” allegedly posed by El Salvador’s adoption of the cryptocurrency Bitcoin as a legal tender.
Cryptocurrency trading company Coinbase is attempting to reassure its customers that its platform is stable following a Super Bowl ad featuring a bouncing QR code linking to a signup page for new accounts which promptly crashed the entire website. Coinbase claims the massive response led it to “temporarily throttling our systems.”
A New York couple describing themselves as “serial entrepreneurs” have been arrested and charged with conspiracy to commit money laundering and to defraud the U.S. government in relation to a $4.5 billion Bitcoin heist in 2016.
Biggest seizure of financial assets in U.S. history.
Eleven bipartisan lawmakers urged Treasury Secretary Janet Yellen to fix the “unworkable” cryptocurrency regulations created by the so-called bipartisan infrastructure bill.
The International Monetary Fund (IMF) on Tuesday “urged” El Salvador’s government to rescind the legal tender status it bestowed to Bitcoin, a type of cryptocurrency, in September 2021, indicating that its failure to do so could hinder El Salvador’s intention of securing a future loan from the financial institution.
House Financial Services Committee Ranking Member Patrick McHenry said in a statement on Wednesday that the House Democrats’ anti-China bill would do nothing to combat the “rise” of China, and that Democrats are “desperate” for a victory as their legislative agenda has stalled.
The cryptocurrency market saw $130 billion of its value wiped out in just 24 hours as leading cryptocurrencies continue a major sell-off.
House Financial Services Committee Ranking Member Patrick McHenry (R-NC) told Breitbart News exclusively that Republicans need to stop President Joe Biden and progressives’ “nefarious” assault on bitcoin and cryptocurrencies.
Popular cryptocurrency trading platform Crypto.com announced this week that it lost around $34 million worth of customers’ cryptocurrency in a recent hack.
Iran has banned the often energy-intensive process of cryptocurrency mining to reduce strain on its national power grid during the winter months, according to reports.
Florida Gov. Ron DeSantis (R) on Thursday unveiled a proposal that would allow businesses the option to pay state fees with cryptocurrencies as part of the state’s budget for next year.
An unknown party recently hacked at least 700 smart home devices across South Korea and sold explicit images and videos accessed through the devices on the dark web, South Korea’s National Police confirmed Monday when announcing a criminal investigation into the incident.
Kazakhstan’s government has blamed the country’s booming crypto mining industry on nationwide energy shortages and recently threatened to crack down on the practice with new regulations and higher taxes.
El Salvador’s government plans to build a “Bitcoin City” at the base of Conchagua Volcano in the country’s southeast in 2022, El Salvador’s La Prensa Gráfica newspaper reported Saturday, noting the city will be designed to harness the volcano’s geothermal energy to mine cryptocurrency.
Sen. Rand Paul (R-KY) told Breitbart News in a statement Monday that Jerome Powell’s renomination to serve a second term as the Federal Reserve chairman will do nothing to curb “America’s inflationary spiral.”
Sen. Cynthia Lummis (R-WY) told Breitbart News in an exclusive statement Thursday that Saule Omarova, President Joe Biden’s Comptroller of the Currency nominee, and others that believe bitcoin is a threat to national security are “scared” of relinquishing control over Americans.
Saule Omarova, President Joe Biden’s Comptroller of the Currency nominee, claimed Thursday bitcoin and digital currencies might undermine national security. Sen. Cynthia Lummis (R-WY), a pro-cryptocurrency lawmaker, asked Omarova during her Senate Banking Committee nomination hearing if she believed if
Los Angeles’ Staples Center, home of the Lakers, Clippers, and Kings, will be renamed Crypto.com Arena on Christmas Day.
Saule Omarova, President Joe Biden’s nominee for Comptroller of the Currency, if confirmed, would have the “most powerful, least accountable” position over cryptocurrencies and the banking industry.
Sen. Ted Cruz (R-TX) proposed legislation Monday that would position Congress to lead on issues facing cryptocurrency by having Capitol Hill merchants accept digital currencies, Breitbart News has learned exclusively.
Thousands of people opposed to the populist government of El Salvador President Nayib Bukele staged demonstrations in the country’s capital city, San Salvador, on Sunday in which they denounced his recent legalization of Bitcoin as a national currency, the Associated Press (AP) reported Monday.
The so-called bipartisan infrastructure bill contains a provision that could put Americans up to five years in jail for failing to report receipt of cryptocurrency assets.
The use of cryptocurrency surged in Afghanistan after the U.S. withdrawal began, and the impoverished country is now one of the top 20 cryptocurrency markets in the world, according to the 2021 Global Crypto Adoption Index.
The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has accused the Securities and Exchange Commission (SEC) of unfairly targeting his platform and selective rule enforcement. Armstrong posted to social media: “They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. If you don’t want this activity, then simply publish your position, in writing, and enforce it evenly across the industry.”
The South American country of El Salvador is buying up large quantities of Bitcoin (BTC) as its law making the digital cryptocurrency legal tender is implemented.
The popular cryptocurrency exchange Coinbase mistakenly sent emails to 125,000 users incorrectly informing them that their two-factor authentication settings had been changed, leading many users to worry that their account had been hacked.
Rep. Ted Budd (R-NC) charged in an exclusive statement to Breitbart News that House Speaker Nancy Pelosi (D-CA) is killing American jobs by preventing the House from revising the cryptocurrency regulation in the so-called bipartisan infrastructure bill.
House Speaker Nancy Pelosi (D-CA) and moderate Democrats struck a compromise Tuesday on the path forward to voting on the so-called bipartisan infrastructure bill and adopting the $3.5 trillion budget resolution.
Cryptocurrency expert Teeka Tiwari’s PickoftheDecade.com presentation helps investors understand the revolutionary blockchain technology powering the crypto market.
Sens. Pat Toomey (R-PA) and Cynthia Lummis (R-WY) announced Monday that the Senate struck a compromise on the cryptocurrency provision in the so-called bipartisan infrastructure bill.
Sens. Ted Cruz (R-TX) and Cynthia Lummis (R-WY) issued a call Sunday to open the so-called bipartisan infrastructure bill to fix the “reckless” $30 billion cryptocurrency regulation in the so-called bipartisan infrastructure bill.
Sen. Bill Hagerty’s (R-TN) office said in a statement Sunday that Democrats, not the Tennessee conservative, are blocking the chamber from voting on vital amendments to the so-called bipartisan infrastructure bill.
