Category: Cryptocurrency

Cryptocurrency donations prove to be a lifeline for Ukraine’s military

May 16, 2022

Crypto contributions continue to pour into Ukraine to fight Russia’s illegal invasion Officials in Ukraine have used funds from the cryptocurrency donation platform, launched by the government, to buy supplies for their military during the ongoing war with Russia. Americas Cardroom users have contributed, as well, helping Ukraine battle Russia’s illegal invasion. Mykhailo Fedorov (Ukraine’s […]

NASDAQ and XP partner to launch cryptocurrency exchange in Brazil

May 13, 2022

The financial exchange is backing a brokerage’s plan to launch a crypto exchange in the country Brazil’s largest investment broker, XP Inc., with more than 3.5 million clients, announced yesterday the launch of Xtage, a new cryptocurrency exchange platform in partnership with Nasdaq. Xtage plans to launch in Q2 2022 and will be fully integrated […]

Five states go after Russian metaverse casino stealing cryptocurrency

May 12, 2022

Flamingo Casino Club is not a site that can be trusted, according to regulators Regulators in five US states have issued cease-and-desist orders to a digital casino with links to Russia that markets NFTs (non-fungible tokens) to Americans. The action comes after allegations of fraud, deception, and registration violations. These states include Alabama, New Jersey, […]

Cryptocurrency exchange FTX opens office in Chicago

May 11, 2022

The exchange was already in a temporary office in the city, but now makes things official FTX US, the US division of cryptocurrency exchange platform FTX, has opened its new headquarters in Chicago. Accompanying this news, the firm also announced the creation of a pilot program offering guaranteed income and other benefits to low-income city […]

Nvidia in trouble with the SEC over cryptocurrency

May 10, 2022

The SEC isn’t happy that the graphics card maker wasn’t forthcoming with financial data The US Securities and Exchange Commission (SEC) has penalized graphics card maker Nvidia $5.5 million for failing to disclose to investors how much of its 2017-2018 revenue came from cryptocurrency miners. The regulators confirmed the charges and the settlement with the […]

The CEO of Mining Capital Coin charged with fraud tied to cryptocurrency operations

May 9, 2022

The Florida man reportedly defrauded investors of $62 million A Florida-based man and head of an alleged cryptocurrency mining and investment platform was charged with orchestrating a $62 million worldwide fraud scheme, the US Attorney’s Office announced late last week. Different types of fraud have been found in the recent case. Luiz Capuci Jr., 44, […]

Gucci to start accepting cryptocurrency

May 6, 2022

The luxury goods retailer is adding its name to a growing list of those embracing crypto Paying with cryptocurrencies to dress fashionably is one of the possibilities that many Americas Cardroom users will now be able to have. The Italian luxury brand Gucci, owned by the French group Kering, has announced a pilot program whereby, […]

California’s governor just signed an executive order on cryptocurrency

May 5, 2022

Governor Newsom is advancing cryptocurrency regulations in the state California yesterday became the first state in the country to initiate a process to regulate and adopt technologies related to cryptocurrencies and blockchain. California Governor Gavin Newsom signed an executive order to ensure innovation and create a regulatory framework for technologies related to digital currencies, economics, […]

The SEC is ready to tackle cryptocurrency fraud

May 4, 2022

The regulatory body is going on a hiring spree to fill out its cryptocurrency division The Securities and Exchange Commission (SEC), which oversees the country’s securities activity, announced yesterday an increase in its number of employees to combat fraudulent activities in the cryptocurrency space. The SEC will fill 20 new positions in the department, renamed […]

Apple tries to get fake cryptocurrency wallet lawsuit dismissed

May 3, 2022

The software giant could be held responsible for a fraudulent app that stole millions Apple has built a solid perception of trust regarding its products, and with this, it argues many of the decisions made in the App Store. However, this has not been enough to prevent an approved app in the app store from […]

Telegram now allows users to trade and send cryptocurrencies

May 2, 2022

Telegram extends its cryptocurrency options to allow Bitcoin and TON to be traded A week ago, the TON Foundation announced a new bot that enables cryptocurrency transactions using The Open Network’s (TON) token within the Telegram app. This new feature will benefit the more than 550 million users using Telegram, who will be able to […]

US lawmakers renew effort to give CFTC cryptocurrency oversight

April 29, 2022

Continued efforts by some lawmakers look to establish regulatory order for cryptocurrencies The issue of oversight and security related to the world of cryptocurrencies in the US is not something that many lawmakers take lightly. Having a fully compliant entity to oversee this type of market can be a complicated task, but it seems that […]

California explores the possibility of allowing cryptocurrency for tax payments

April 28, 2022

Another state joins a growing list that is considering making real progress with cryptocurrency California could be the next state in the country to jump on the trend of Bitcoin (BTC) tax payments. Sydney Kamlager-Dove, Senator for the west coast state, introduced a bill a while back proposing that California state agencies could receive BTC […]

Former AAF investor pleads guilty to charges related to cryptocurrency fraud

April 27, 2022

Reginald Fowler admits to his role in Crypto Capital’s shady dealings Reginald Fowler, an American Football Alliance (AFA) investor who has found himself at the center of a bank fraud case brought by the US government, has now pleaded guilty. Fowler was accused of engaging in “shadow banking” for cryptocurrency exchanges through his business Crypto […]

New York lawmakers could introduce a PoW cryptocurrency mining suspension this week

April 26, 2022

New York has succumbed to the rhetoric that cryptocurrency mining harms the environment New York lawmakers are currently questioning Proof-of-Work (PoW) mining and are seeking to eradicate it for the next two years in the state. Their intent is to comply with the Climate Leadership and Community Protection Act of 2019, which implies 40% less […]

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