Congress Sets Sights on Federal Cryptocurrency Rules

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks posed by virtual currencies to investors and the financial system, they said.

John Alexander retains Bennelong in by-election

'You p****d away your career being a spoiled brat': Craig Sager's daughter Kacy destroys axed ESPN reporter Britt McHenry in epic Twitter rant over family insult Cringeworthy moment Trump's pick for lifetime federal judge appointment fails to answer BASIC questions about the law and admits never having tried a case in brutal confirmation hearing hearing Tax cut bill goes public as GOP slashes rates for the wealthy, nixes Obamacare penalty, expands child tax credits, dramatically lowers corporate taxes and opens up new Alaska oil drilling The man who stole my childhood: Dylan Farrow shares her grief at the release of Woody Allen's new movie being celebrated by stars Kate Winslet and Justin Timberlake Off the menu: Morgan Spurlock's 'Super Size Me' sequel is pulled from the Sundance Film Festival after his shocking sexual misconduct confession 'A bubble almost guaranteed to burst': Wolf of ... (more)

LI woman laundered $85K to support Isis: Feds

A Long Island woman has been charged in federal court in Central Islip with laundering more than $85,000, using Bitcoin and other cryptocurrencies, to support ISIS, officials said Thursday. Zoobia Shahnaz of Brentwood transferred those funds out of the country and then attempted to leave the United States and travel to Syria, according to the U.S. Justice Department.

Leon Cooperman: US Would Be in Recession If Hillary Had Won Presidency

Billionaire hedge fund manager Leon Coopermancontends that U.S. would be mired in an economic recession today if Hillary Clinton had won the 2016 presidential election. The nation is better off with President Donald Trump in the White House than it would have been under Clinton or her 2016 rival for the Democratic nomination, Sen. Bernie Sanders, Cooperman told CNBC.

Bitcoin Bears Are Excited About Futures

Bitcoin futures start trading next week, and people who have spent the last few years convinced that bitcoin is a dumb bubble are very excited to finally be able to put their money where their mouths are and start shorting bitcoin. But  is this right ? "The futures reduce the frictions of going short more than they do of going long, so it's probably net bearish," said Craig Pirrong, a business professor at the University of Houston.

Price of bitcoin over $10,000 as rally gains pace

This year's Grammy nominations sent a clear message: The Recording Academy wants to see a black or Latino act have a better shot at winning in the major categories. This year's Grammy nominations sent a clear message: The Recording Academy wants to see a black or Latino act have a better shot at winning in the major categories.

The Blockchain Might Scare the Gig Economy to Death

"Skedaddle, an 'Uber-for-buses' startup, is launching a blockchain project that aims to completely eliminate tipping," is  the first sentence here , and then somehow "Users can rate any interaction with a service worker, which also functions as a tip, and follows a worker from job to job," is the second, and by that point your soul has probably already left your body. But it keeps going! The "Kudos Project" will run on the Ethereum blockchain, allowing customers to rate any transaction they make, Skedaddle co-founder and CEO Adam Nestler told Business Insider.

DOJ indicts Russian in alleged $4B bitcoin laundering operation

The Department of Justice announced that a Russian national was indicted for allegedly using the digital currency exchange he ran to launder billions of dollars for others and facilitate drug trafficking, identity theft and hacking. According to the DOJ, Alexander Vinnik operated BTC-e, one of the largest digital exchanges where users could trade bitcoin for other cryptocurrencies or legal tender.

Jared Kushner says a fake Guccifer tried to extort the Trump campaign for Bitcoin

The Kush sat before investigators in Congress on Monday to talk about his meetings with Russian folk leading up to last year's election, and he wanted the committee to know that at no point was he colluding with Moscow to elect Donald Trump. He may not have disclosed some of the meetings he had with Russians when he filed for his security clearance , but this does not mean the meetings were nefarious.