Yugocean USA

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California Passes Bill to Seize Dormant Crypto Assets

5 Jun 2025 1 minute read 4 comments Yugocean

     The California Assembly has unanimously passed Bill AB-1052, allowing the state to take custody of cryptocurrency assets that have been inactive on exchanges for more than three years. Passed by a 78-0 vote, the bill classifies such assets as “u...

Elon Musk's DOGE tenture ends.

29 May 2025 1 minute read 4 comments Yugocean

     Elon Musk has concluded his tenure in the Trump administration as the head of the US Department of Government Efficiency (DOGE). Musk's role lasted 130 days, (January 20 to May 30), Musk announced his departure on May 28. Musk's entire tenure wa...

Will TMTG raise $3B?

27 May 2025 1 minute read 4 comments Yugocean

     The Financial Times has reported that the Trump Media & Technology Group (TMTG) is allegedly planning to raise 3 billion —2 billion through a stock offering and $1 billion via convertible bonds — with the intention of investing in cryptocurrenci...

Bitcoin jumps with US-China trade deal

12 May 2025 1 minute read 2 comments Yugocean

The US and China have entered into a temporary trade agreement for 90 days, which has come as green fodder for Bitcoin bulls. This news reflects the deep relationship between global trade, geopolitics and the crypto market. Under the deal, both...

Arizona Governor Vetoes Bitcoin Bill

4 May 2025 1 minute read 0 comments Yugocean

     Arizona Governor Katie Hobbs has vetoed the state's proposed Bitcoin bill, citing Bitcoin as an untested investment. Arizona thus becomes the first US state where such a bill has been formally rejected by a sitting governor. This move raises fre...

Truth Social May Emerge as a Monetisation Opportunity

30 Apr 2025 1 minute read 1 comment Yugocean

Trump Media and Technology Group is preparing to launch a utility token for its social media platform, Truth Social. Let’s take a closer look:   Digital Monetisation      US President Donald Trump’s next pro-crypto step may be to compete with Elon Mu...

FED Withdraws Crypto-Asset Guidance for Banks

25 Apr 2025 1 minute read 0 comments Yugocean

     The United States Federal Reserve has announced the withdrawal of its special guidance for banks regarding crypto-asset and dollar token activities. Let’s understand it:  Source   Easier Entry into Crypto for Banks      Previously, banks in t...

Trump Government May Use Tariff Revenue to Buy Bitcoin

16 Apr 2025 1 minute read 4 comments Yugocean

       According to Bo Hines, Executive Director of the President's Advisory Council on Digital Assets, the Trump administration is considering the use of tariff revenue to purchase Bitcoin. Lets understand it: Strengthening Reserves Without Tax...

Stablecoin Bill in USA: Infighting between lawmakers

1 Apr 2025 1 minute read 0 comments Yugocean

     We know that the will of the lawmakers is the law, and Stablecoin is enjoying the Infighting between lawmakers while they are trying to regulate stablecoins in the US.   Infighting      The Stablecoin Bill in the US is currently a topic of d...

Elon Musk Clarifies DOGE and Dogecoin

31 Mar 2025 1 minute read 1 comment Yugocean

     During a recent town hall meeting in Bay, Wisconsin, Elon Musk distinguished between DOGE and Dogecoin.   Elon Musk of DOGE      Elon Musk is a well-known backer of Dogecoin; he has been dubbed the "Dogefather," and his government agency is...