Cryptocurrency Market

  • Market Cap: $3,270,639,214,909.21
  • 24h Vol: $140,772,347,541.03
  • BTC Dominance: 58.12%

US government

us-justice-department-seizes-cryptocurrency-worth-$112-million-in-‘pig-butchering’-crackdown

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The […]

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former-treasury-official-issues-dire-warning,-bill-ackman-fears-economic-‘train-wreck,’-us-gov.-remains-top-btc-holder,-and-more-—-week-in-review

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review Read More »

us-government-plans-to-sell-over-41,000-bitcoins-confiscated-from-silk-road-hacker

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the

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yellen-says-us-could-back-all-deposits-at-smaller-banks-if-needed-to-prevent-contagion

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary

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report:-us-government-auctions-off-failed-banks-svb-and-snby,-crypto-restrictions-apply

Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal

Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply Read More »

us-treasury-and-white-house-to-hold-regular-meetings-on-cbdcs-and-payment-innovations

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and

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custodia-ceo-slams-us-government-over-broad-crackdown,-lack-of-regulatory-clarity-in-crypto-industry

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System,

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry Read More »

man-pleads-guilty-to-stealing-bitcoin-‘seized’-by-us-government

Man Pleads Guilty to Stealing Bitcoin ‘Seized’ by US Government

An Ohio man has pleaded guilty to stealing over 712 bitcoin that was “seized” by the U.S. government in another criminal case. He has agreed to forfeit some bitcoin, ether, and dogecoin as part of his plea. “Due to the increase in market prices, the total value of these forfeitable properties exceeds $12 million,” said

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