Category: USA

US Treasury Secretary Shares Trump’s Concerns on Crypto, Stresses Compliance

United States Treasury Secretary Steven Mnuchin shares President Donald Trump’s concerns on the use of cryptocurrency to finance illicit activity, and stresses the role of enforcing FinCEN regulations with respect to crypto-dealing organizations. Mnuchin made his remarks at a press conference on July 15. Mnuchin called the use of cryptocurrencies […]

Cleveland Cavaliers Partner With Cryptocurrency Firm UnitedCoin

Ohio-based professional basketball team the Cleveland Cavaliers (The Cavs), along with its associated esports club Cavs Legion GC, have partnered with the cryptocurrency firm UnitedCoin. The National Basketball Association (NBA) announced the new partnership in a press release on July 15. The partnership will reportedly be used to advertise UnitedCoin […]

Senate Releases Opening Statements on Libra Ahead of Senate Hearing

The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra today, July 15. The statements come ahead of a hearing on the Libra cryptocurrency project tomorrow in the Senate, in which Marcus will testify. In his testimony, Marcus raised the […]

Seed CX Subsidiaries Receive Bitlicenses From New York Regulator

New York state financial regulators have issued virtual currency licenses to two subsidiaries of crypto derivatives firm Seed CX: Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC. In a press release published on July 15, Financial Services Superintendent Linda A. Lacewell announced that the New York State Department […]