Major US university receives $5M Bitcoin gift, and immediately sells
The university accepted its first crypto donation from an alumnus in January. Go to Source Powered by WPeMatico
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US Fed, OCC and FDIC to set up interagency team for crypto regulations
American financial regulators are considering establishing an “interagency policy sprint team” to address fragmented cryptocurrency regulations. Go to Source Powered by WPeMatico
Crypto volatility is not a ‘systemic concern’ for the Fed, say local presidents
A Federal Reserve president said he was “quite aware that crypto can be very volatile” but he personally did not see that as a concern for traditional markets. Go to Source Powered by WPeMatico
New OCC head requests review of cryptocurrency rules
The new head of the OCC thinks that the authority’s crypto rulemaking under Brian Brooks was not done in full coordination with all stakeholders. Go to Source Powered by WPeMatico
US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS
This is the third time Rep. Emmer has introduced the bill to the House of Representatives, but the first with a Democrat in the presidency. Go to Source Powered by WPeMatico
Coinbase to raise $1.25B via debt securities for institutional investors
With shares in the Nasdaq-listed cryptocurrency exchange continuing to underperform, Coinbase is seeking a $1.25 billion cash injection from institutional investors. Go to Source Powered by WPeMatico
NYDFS taps former DOJ attorney as deputy virtual currency chief
The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years. Go to Source Powered by WPeMatico
Blockchain will thrive once innovators and regulators work together
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem. Go to Source Powered by WPeMatico
Report: Colonial Pipeline Paid $5M Worth in Crypto to Ransomware Gang, Restarts Services
The global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country. A recent report claims hackers asked Colonial Pipeline to pay for an undisclosed amount in ransom to unlock the firm’s system – a demand the company allegedly fulfilled. Darkside Gang … Read more
City in North Dakota now accepts cryptocurrency for utility payments
The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay. Go to Source Powered by WPeMatico