Tags : Feds

Regulation

US Feds want to tame ‘wildcat’ stablecoins like Tether and

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins. According to the authors, regulating issuers as banks and introducing a central bank for digital currency (CBDC) would help […]Read More

Bitcoin

US Feds just sold $19 million in Bitcoin. Here’s why

The Department of Justice’s Northern District of Ohio received a significant return on the confiscated Bitcoin (BTC) forfeited after Mark Alex Simon’s conviction, accused of manufacturing and distribution of fraudulent identity documents or authentication features and conspiracy to launder money, according to Toledo’s local news.  As per U.S. Attorney Bridget M. Brennan’s announcement last Thursday, […]Read More

Bitcoin

U.S. feds bust Instagram star for promoting Bitcoin scams

Federal prosecutors in Brooklyn bust one ‘Jay Manzini’ yesterday on charges of perpetuating a wire fraud using Bitcoin, city outlet Daily News said this morning. Buying Bitcoin over Instagram Identified as Jebara Igbara, the man hunted for potential victims on social app Instagram and marketed a fiat-to-BTC scheme to his millions of followers. Bitcoin, the […]Read More

Bitcoin

Bitcoin Gains on Fed’s Infinite QE, Johnson and Johnson Vaccine

Bitcoin reversed earlier losses after Jerome Powell, the Federal Reserve chairman, reiterated the central bank’s tendency to stick with its infinite quantitative easing policies during the second day of his testimony to Congress. The benchmark cryptocurrency ended Wednesday 1.71 percent higher to $49,737.82, having fallen by up to almost 22 percent in the previous two […]Read More