USA | ForkLog - Part 51

ForkLog 21 10.09.2024

SEC’s Crypto Startup Penalties Reach Record $4.7 Billion

The amount collected by the SEC from enforcement actions related to digital assets in the 2024 fiscal year surged by 3018%, reaching a record $4.7 billion. These calculations were provided by Social Capital Markets. This was primarily driven by the settlement with Terraform Labs and its former CEO Do Kwon for $4.47 billion. In the […]

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ForkLog 24 09.09.2024

Former Revelo Intel CEO Transfers Company Funds to Extortionists

Nick Drakon, the former CEO of the educational and research crypto platform Revelo Intel, fell victim to an armed extortion attack. It’s been almost 4 years since I entered the crypto space as a somewhat “public figure” and my time here has been mostly fantastic. I have met hundreds of interesting and kind people, some […]

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ForkLog 31 05.09.2024

Robinhood Crypto Fined $3.9 Million Over Asset Withdrawal Ban

The cryptocurrency division of online broker Robinhood will pay a $3.9 million fine as part of a settlement with the California Department of Justice. The settlement concludes an investigation by the department into the company’s violations of the state’s commodities law. Prosecutors initiated the case following complaints from platform users. Complaints against Robinhood Crypto included: […]

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ForkLog 12 05.09.2024

Kamala Harris Embraces Cryptocurrency Donations via Coinbase

Coinbase’s Chief Financial Officer, Alesia Haas, announced that U.S. presidential candidate Kamala Harris is utilizing the exchange’s payment platform to accept digital asset donations for her campaign, as reported by Fortune. A representative from the exchange clarified to the publication that the political action committee (PAC) Future Forward USA has initiated collaboration with Coinbase Commerce. […]

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ForkLog 45 04.09.2024

FTC Reports Tenfold Increase in Bitcoin ATM Fraud Losses

The United States Federal Trade Commission (FTC) estimated that from 2020 to 2023, losses from cryptocurrency ATM fraud increased nearly tenfold. In the first half of 2024, they exceeded $65 million, with actual damages potentially much higher. Bitcoin ATM losses by year. Source: FTC. Fraudsters contact potential victims via email or phone, posing as employees […]

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ForkLog 72 29.08.2024

Trump Vows to Make America the “Crypto Capital of the World”

Former U.S. President Donald Trump has unveiled a plan aimed at bolstering the country’s leadership in the cryptocurrency sector.

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ForkLog 15 27.08.2024

Binance CEO Highlights Deteriorating Condition of Executive Tigran Gambaryan

Binance has called upon the US government and various global organizations to assist in the release of executive Tigran Gambaryan.

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ForkLog 13 27.08.2024

SEC Charges Creators of $60 Million Bitcoin Scheme

Two U.S. citizens have been charged with defrauding over 80 investors through a cryptocurrency pyramid scheme that resulted in $60 million in damages, as reported by the SEC. According to the case documents, from January 2023 to June 2024, brothers Jonathan and Tanner Adam promoted a bot service with arbitrage trading capabilities, promising clients monthly […]

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ForkLog 13 26.08.2024

Former Heartland Tri-State CEO Sentenced for Embezzling $47 Million for Cryptocurrency Purchases

In the United States, a court has sentenced former Heartland Tri-State bank CEO Shane Haines to 24 years and four months in prison for embezzling $47.1 million to invest in cryptocurrencies. This was reported by the Department of Justice. According to the department, from May to July 2023, the executive conducted 11 unauthorized transfers. In […]

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ForkLog 9 23.08.2024

JPMorgan Assesses US Bitcoin Mining Market at $74 Billion

The US market for mining the leading cryptocurrency is valued at $74 billion, according to estimates from JPMorgan, reports CoinDesk. This figure corresponds to the value of 1.3 million BTC available for mining at current price levels, the institution explained. The report indicates that block formation revenues over the next four years will amount to […]

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ForkLog 13 22.08.2024

Kamala Harris’s Campaign Signals Support for Cryptocurrency Industry

Democratic presidential candidate Kamala Harris intends to support the development of digital assets by crafting regulatory guidelines, according to her advisor Brian Nelson, reports Bloomberg. A representative from Harris’s team noted that if elected, she would create conditions for the “further growth of new technologies and industries of this kind.” Nelson emphasized that the administration […]

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ForkLog 9 20.08.2024

Bitcoin Options Reflect Trader Optimism Post-US Elections

The distribution of bitcoin options set to expire four days after the US presidential elections reveals optimistic market expectations. This is reported by CoinDesk, citing a report from Wintermute. The opportunity to open these positions on Deribit emerged a month ago, with volumes already reaching $345.83 million. The put/call ratio stands at approximately 2:1, indicating […]

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