US


Finance

Crypto Trading Platform Uphold Exits Venezuela, Cites US Sanctions

Trading service in the country will be available until July 31, and accounts will be fully restricted as of Sept. 30.

Exit, Voice and Bitcoin

Finance

FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure

The acquisition is intended to aid FTX.US' equity trading ambitions.

FTX US President Brett Harrison (Danny Nelson/CoinDesk)

Policy

Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto

The report is a preview of Fed Chair Jerome Powell's testimony in Congress next week.

Bankers are warning the Federal Reserve board about the dangers of launching a digital dollar, at a time when several new members were sworn in this week. (Drew Angerer/Getty Images)

Finance

Bitso Processed $1B in Crypto Remittances Between Mexico and the US so far in 2022

The company hopes to capture 10% of global money transfers to the Latin American country by 2023, up from 4% earlier this year.

Bandera de México. (Jorge Aguilar/Unsplash)

Markets

Inflation Unexpectedly Reaccelerated to 8.6% in May, Hitting a Fresh 4-Decade High

Bitcoin dipped about $500 on the news, trading around the $29,500 level in the minutes following the CPI report.

Inflation rose to 8.6% in May. (Malte Mueller/Getty images)

Policy

CFTC Chief Heaps Praise on Bill That Boosts Agency’s Crypto Reach

Chairman Rostin Behnam supports the contours of the Lummis-Gillibrand regulatory bill released this week.

U.S. Commodity Futures Trading Commission Chairman Rostin Behnam says he's a fan of the sweeping new Lummis-Gillibrand bill that would establish crypto regulations.  (Chip Somodevilla/Getty Images)

Finance

Middle East Oil Producers Move Into Bitcoin Mining With Crusoe Energy Stakes

The U.S. startup – which uses flared natural gas to power bitcoin mining rigs – counts the sovereign wealth funds of Abu Dhabi and Oman as investors.

Crusoe CEO Chase Lochmiller with Mulham Basheer Al Jarf, deputy president of OIA and chairman of Oman oil company OQ (Crusoe)

Policy

Madison Cawthorn Hit With US House Ethics Investigation Over Crypto Promotion

The probe, announced Monday, appears to be related to the “Let’s Go Brandon” meme coin.

Rep. Madison Cawthorn (R-N.C.) speaks during a press conference on Nov. 1, 2021, in Washington, D.C. (Pete Marovich/Getty Images)

Markets

Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices

The stock market decline has had a much larger effect on U.S. household net worth, the bank said.

U.S. households have suffered little from recent crypto market declines. (Jonathan Meyer/Pexels)

Policy

Commerce Dept. Asks for Public Comments on Framework for US Crypto Competitiveness

The request is in response to President Biden’s executive order in March asking for agencies to coordinate their approach to digital assets.

(Win McNamee/Getty Images)