Japan and New York City are at the forefront of global cryptocurrency adoption, signaling a strategic shift toward digital finance integration. Japan continues to expand regulatory frameworks that support blockchain innovation and licensed crypto trading, while NYC is fostering fintech hubs and encouraging institutional participation in digital assets. Both regions aim to balance innovation with… Continue reading Japan and New York City Accelerate Adoption of Cryptocurrency, Paving the Way for a Digital Finance Future
Category: United States
“Bitcoin Jesus” Settles U.S. Tax Dispute for Rs. 4,390 Crore
Craig Wright, known in crypto circles as “Bitcoin Jesus,” has reached a settlement in his long-standing U.S. tax dispute, agreeing to pay $49.9 million (approximately Rs. 4,390 crore) to resolve outstanding claims. The settlement addresses alleged unpaid taxes linked to cryptocurrency holdings and related income, ending years of legal uncertainty for Wright, a controversial figure… Continue reading “Bitcoin Jesus” Settles U.S. Tax Dispute for Rs. 4,390 Crore
U.S. Authorities Seize $15 Billion in Bitcoin from Alleged Cambodian Crypto Fraud Network
In a landmark operation, U.S. authorities have seized approximately $15 billion worth of bitcoin from a vast cryptocurrency fraud network allegedly orchestrated by Cambodian businessman Chen Zhi. Operating under the guise of Prince Holding Group, Zhi’s organization is accused of running extensive “pig butchering” scams, manipulating victims through fake romantic and investment schemes. The operation… Continue reading U.S. Authorities Seize $15 Billion in Bitcoin from Alleged Cambodian Crypto Fraud Network
Global Crypto Market Loses $19 Billion Amid Turmoil Triggered by Trump’s 100% China Tariffs
The cryptocurrency market experienced a sharp downturn this week, erasing nearly $19 billion in value after former U.S. President Donald Trump announced a sweeping 100% tariff on all Chinese imports. The move, which reignited fears of a renewed trade war between the world’s two largest economies, sent shockwaves through global financial markets. Bitcoin, Ethereum, and… Continue reading Global Crypto Market Loses $19 Billion Amid Turmoil Triggered by Trump’s 100% China Tariffs
Xi Jinping’s Retaliation on U.S. Trade Curbs Signals Challenges Ahead for Bilateral Deal
Chinese President Xi Jinping’s recent measures to counter U.S. trade curbs underscore the fragile state of Sino-American economic relations and highlight the complexities of reaching a long-term trade agreement. The move comes in response to renewed tariffs and export restrictions imposed by the U.S., reflecting escalating tensions over technology, intellectual property, and market access. Analysts… Continue reading Xi Jinping’s Retaliation on U.S. Trade Curbs Signals Challenges Ahead for Bilateral Deal
Donald Trump’s China Tariff Announcement Triggers Historic Single-Day Crypto Market Crash
Global cryptocurrency markets suffered their largest single-day decline following former U.S. President Donald Trump’s announcement of new tariffs on Chinese imports. The announcement intensified fears of geopolitical instability and potential economic slowdown, prompting massive sell-offs across major digital assets, erasing billions in market value. Analysts note that cryptocurrencies, already sensitive to macroeconomic shifts, reacted sharply… Continue reading Donald Trump’s China Tariff Announcement Triggers Historic Single-Day Crypto Market Crash
Citi Backs Stablecoin Firm BVNK as Wall Street Embraces Cryptocurrency
Citi has announced its strategic backing of BVNK, a UK-based stablecoin platform, signaling growing institutional interest in cryptocurrency. The partnership reflects Wall Street’s cautious yet increasing confidence in digital assets as they gain regulatory clarity and mainstream adoption. BVNK provides infrastructure for corporates and financial institutions to issue, settle, and manage stablecoins securely, enabling faster,… Continue reading Citi Backs Stablecoin Firm BVNK as Wall Street Embraces Cryptocurrency
U.S. Regulator Advocates for Crypto Passporting with UK Ahead of Resignation
A senior U.S. financial regulator has called for the implementation of “crypto passporting” arrangements with the United Kingdom as she prepares to step down from her role. The proposal envisions a framework enabling digital asset firms to operate across borders under mutual regulatory recognition, streamlining compliance and expanding market access. This initiative highlights growing international… Continue reading U.S. Regulator Advocates for Crypto Passporting with UK Ahead of Resignation
Corporate Clients Now Hold Up to 15% of Assets on Mercado Bitcoin, Says Exchange Executive
Mercado Bitcoin, one of Latin America’s leading cryptocurrency exchanges, reports that corporate clients now account for up to 15% of total assets under management. According to an exchange executive, this marks a significant shift in market dynamics, reflecting growing institutional adoption of digital assets in the region. Companies are increasingly leveraging cryptocurrencies for treasury diversification,… Continue reading Corporate Clients Now Hold Up to 15% of Assets on Mercado Bitcoin, Says Exchange Executive
Google Invests in Bitcoin Mining as Firm Secures $3 Billion High-Performance Computing Deal
Google has made a strategic move into the cryptocurrency infrastructure space, aligning with a Bitcoin mining company that recently secured a $3 billion high-performance computing (HPC) contract. The deal underscores growing institutional interest in Bitcoin mining as a technological and investment frontier. By providing advanced computing resources and cloud solutions, Google aims to support large-scale… Continue reading Google Invests in Bitcoin Mining as Firm Secures $3 Billion High-Performance Computing Deal