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China returns as 2nd top Bitcoin mining hub despite the crypto ban

by CoinTelegraph By Helen Partz | May 17, 2022 | Bitcoin Mining, Canada, china, Cryptocurrencies, Hash rate, Kazakhstan, Mining, Russia, United States

China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year.

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

by Cointelegraph By Turner Wrightn | May 16, 2022 | Crimes, Cryptocurrencies, Department of Justice, Law, Regulation, Sanctions, United States

An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions.

CFTC commissioner appoints senior policy adviser experienced in digital asset regulation

by Cointelegraph By Turner Wrightn | May 13, 2022 | CFTC, Credit Suisse, Government, Policies, Regulation, United States

Keaghan Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation.

US Senate confirms Jerome Powell for another four years as Fed chair

by Cointelegraph By Turner Wrightn | May 12, 2022 | Federal Reserve, Government, Jerome Powell, Regulation, United States

In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028.

Stablecoins’ recent de-pegging is not a ‘real threat to financial stability,’ says Janet Yellen

by Cointelegraph By Turner Wrightn | May 12, 2022 | Government, Regulation, Stablecoin, Terra, Tether, United States

Terra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday.

Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

by CoinTelegraph By Helen Partz | May 12, 2022 | ETF, Europe, Investments, SEC, Trading, United States

Total assets invested in crypto ETFs and ETPs hit $16.3 billion by the end of the first quarter, but the community is still waiting for a spot Bitcoin ETF in the U.S.
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