US


Markets

U.S. Debt Ceiling Looms in Signal for a Bitcoin Cycle Bottom

Treasury Secretary Janet Yellen said she expects the debt ceiling to be reached around the inauguration date for President-elect Donald Trump.

Printing press image via Shutterstock

Policy

Money Launderer Who Moved Scam Victims' Funds Faces Up to Two Decades in U.S. Prison

Daren Li oversaw the transfer of more than $73 million from crypto scam victims to wallets he and his co-conspirators controlled.

Daren Li pleaded guilty to conspiracy to commit money laundering. (Pixabay)

Markets

Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300

As bitcoin climbs above $82,000, U.S. crypto equities are soaring in pre-market trading, with Semler Scientific leading with a 25% gain.

Crypto stocks are starting the week in a bullish frame of mind. (Delphine Ducaruge /Unsplash)

Policy

SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit

A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was "trying to re-litigate the same issues repeatedly."

Kraken co-founder Jesse Powell (CoinDesk)

Markets

Coinbase's Earnings Miss Makes U.S. Election Even Bigger Catalyst: Analysts

The market will now be watching the U.S. presidential election as an important short-term catalyst for Coinbase and the wider industry.

Coinbase (PiggyBank/Unsplash)

Policy

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal

Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

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Markets

'Overbought' Bitcoin Drops Below $64K as ISM Manufacturing Data Looms: 10x Research

The U.S. data, due Tuesday, has triggered 10% price drops in the first week of the past three months, 10x Research said.

BTC's price dropped through a support level on Monday. (TradingView/CoinDesk)

Finance

U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO

BitMex does not operate in the U.S. and is positioned more in Asia than any other part of the world.

BitMEX Group CEO Stephan Lutz (Courtesy: BitMEX)

Policy

EToro Reaches $1.5M SEC Settlement, Agrees to Stop Trading Most Cryptocurrencies

The only crypto assets U.S. customers will be able to trade on the company’s platform are bitcoin, bitcoin cash and ether, though the company said the practical effects on customers is minimal.

SEC office (Nikhilesh De/CoinDesk)

Markets

Crypto Retail Market Is Poised for a Rebound: Gemini

Adoption of digital assets has remained steady in the U.S. and the U.K. in recent years, despite significant headwinds, a survey by the crypto platform showed.

Gemini co-owners Tyler (left) and Cameron Winklevoss (Joe Raedle/Getty Images)