The U.S. Treasury Department said on Monday in a report that cryptocurrencies could undermine the effectiveness of U.S. sanctions. The report, which followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind illegal activity, noted that “digital currencies, alternative payment platforms, and new ways of […]

Blockchain Moon Acquisition Corp (BMAC), a newly formed special purpose acquisition company (SPAC) based in Florida, has been given the green light by the U.S. Securities and Exchange Commission to list $100 million worth of shares under an initial public offering (IPO). The pricing of its IPO of 10 million units at $10.00 per share […]

For years officialdom wanted nothing to do with the crypto space. Whatever bitcoiners said about changing the world, policymakers largely ignored it. Even during the 2017 initial coin offering (ICO) boom, which involved plenty of money and plenty of fraud, regulators were arguably slow to react, issuing market guidance only months after the fact. Crypto […]

The amount of money locked in the bitcoin futures contracts on the global derivatives giant Chicago Mercantile Exchange (CME) surged to record highs on Friday as the U.S. Securities and Exchange Commission (SEC) greenlighted futures-based exchange-traded funds (ETF) tied to the cryptocurrency. The dollar value of open interest (OI), or the number of futures contracts […]