U.S.


Finance

Bitfarms Buys 24MW Crypto Mining Facility in Washington State for $26M

The bitcoin miner plans to run approximately 6,200 Bitmain S19j Pro miners in the new hydro-powered facility, with potential capacity of 620 PH/s mining power.

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

Policy

Why Shouldn’t the Navajo Mine Bitcoin?

Bitcoin promises a sovereignty the Navajo and other First Nations have always been promised but have never received.

Navajo bitcoin miners (Compass Mining, modified by CoinDesk with permission)

Finance

Pension Funds Wade Gingerly Into Crypto Investments

The Houston firefighter’s pension fund recently invested $25 million in bitcoin and ether. Whether others will follow that path is unclear.

Pension Fund (Getty Images)

Policy

DOJ to Hire Director for Its Crypto Enforcement Unit

The director will lead a team of prosecutors in investigating and prosecuting cryptocurrency cases as part of a national effort to prevent the use of crypto for illegal purposes.

Department of Justice, Washington, D.C., headquarters (Orhan Cam/Shutterstock)

Finance

Trump Banking Regulator Determined Banks Should Be Allowed to Trade Crypto: Report

But the OCC staff’s ruling was never made public.

Donald Trump

Finance

US Treasury Department Says Cryptocurrencies Could Undermine Sanctions

The agency issued the warning after a six-month review of U.S. sanction programs and recommended the agency itself improve communication with financial institutions and others that touch on the crypto sector.

U.S. Treasury Department seal (Bill Perry/Shutterstock, modified by CoinDesk using PhotoMosh)

Finance

DeFi Pushes North America to Become World’s Second-Biggest Crypto Market

China started losing its position in global crypto markets before this year’s crackdown.

Podium at Panathenaic Stadium in Athens, Greece (Florian Schmet/Unsplash)

Markets

Bitcoin Mining After the China Ban: US Dominance Is Set to Continue

China has “missed the ball” as geopolitical certainty and access to cheap power and infrastructure will enable the U.S. to take more bitcoin mining market share.

(m.elyoussoufi/iStock/Getty Images Plus)

Policy

DOJ to Launch National Crypto Enforcement Team: Report

U.S. Deputy Attorney General Lisa Monaco unveiled the initiative during a virtual speech at the Aspen Cyber Summit on Wednesday.

Department of Justice, Washington, D.C., headquarters (Orhan Cam/Shutterstock)

Markets

Stand-Off Over $28T of US Government Debt Could Rattle Bitcoin Market

The American government has never defaulted on its debts, but congressional gridlock over raising the debt ceiling is making investors question what would happen if it did.

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

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