USA | ForkLog - Part 53

ForkLog 34 25.10.2024

Speculation Arises Over $20 Million Hack of US Government Crypto Wallet

On October 24, a series of suspicious transactions from a cryptocurrency wallet linked to the US government resulted in the transfer of $20 million in assets seized from Bitfinex hackers. Analysts at Arkham Intelligence noted this activity. ??????: ?? ?????????? ?????? ??????? ??????? ?? ???? ???? ??????????? ??? $???. $20M in USDC, USDT, aUSDC and […]

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ForkLog 7 24.10.2024

Bitcoin Poised to Surpass $73,000 Amid US Elections, Analyst Predicts

On November 5, the leading cryptocurrency could approach its ATH above $73,000. This view was expressed by Jeff Kendrick, head of digital asset research at Standard Chartered, based on an analysis of derivatives and trading volume metrics.

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ForkLog 20 24.10.2024

Ripple CEO Foresees Bitcoin Industry Reset Post-US Elections

The digital assets sector is poised for a reset regardless of the outcome of the November elections in the United States, according to Ripple CEO Brad Garlinghouse. “Progress lies ahead, and I am certainly looking forward to it,” he stated in a conversation with CNBC’s Tanya Machin on stage at DC Fintech Week 2024. He […]

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ForkLog 36 22.10.2024

Ripple Co-Founder Donates $10 Million in XRP to Support Kamala Harris

Ripple co-founder Chris Larsen has contributed $10 million in XRP tokens to a political action committee (PAC) backing Democratic presidential candidate Kamala Harris. It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M […]

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ForkLog 43 18.10.2024

US Treasury Harnesses AI to Combat $4 Billion in Fraud

The US Department of the Treasury employed artificial intelligence to analyze data and recover over $4 billion obtained through fraud and misconduct in the 2024 fiscal year. Through the use of AI, the department managed to reclaim six times more funds compared to the previous reporting period, when the amount was $652.7 million, the Treasury […]

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ForkLog 13 17.10.2024

US Authorities Seek Five-Year Sentence for Bitfinex Hacker

US prosecutors have requested a 60-month prison sentence for Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange for 119,754 BTC in 2016 and laundered the stolen assets. The recommended sentencing guidelines for the charges range from 121 to 151 months. Authorities justified the reduced sentence by citing the defendant’s cooperation in investigations beyond his own […]

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ForkLog 172 17.10.2024

How to pay down America’s national debt with crypto—and why

The International Monetary Fund (IMF) has published a report stating that global public debt will exceed $100 trillion by 2030, or about 93% of world GDP. Roughly a third of that ($35 trillion) is accounted for by the United States. Parts of the community are debating whether crypto-market tools could help solve America’s debt problem. […]

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ForkLog 43 16.10.2024

SEC Accuses Saitama Inu and Robo Inu Promoter of Fraud

SEC has charged a U.S.-based Vietnamese citizen, Vy Pham, with fraud for her involvement in market manipulation schemes involving meme tokens Saitama Inu and Robo Inu. The agency also alleges that the assets were offered and sold as unregistered securities. According to the SEC, Pham (known by the pseudonym msvy_crypto) personally engaged in market manipulation […]

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ForkLog 16 15.10.2024

Kamala Harris Pledges Support for Black Investors in Cryptocurrency

U.S. Vice President Kamala Harris pledged to support a regulatory framework for cryptocurrencies that will protect Black men investing in digital assets. The initiative will be part of the “Black Men’s Opportunity Program,” aimed at helping them build wealth. According to the U.S. presidential candidate’s plan, over 20% of Black Americans currently own or have […]

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ForkLog 79 11.10.2024

BitRiver Converts Over 150 Million Cubic Meters of Associated Gas for Bitcoin Mining

In collaboration with oil and gas companies, BitRiver has converted over 150 million cubic meters of associated gas into electricity for bitcoin mining, according to its Chief Financial and Investment Officer, Alexander Volkov. This was reported by Prime. The firm processed this volume from January 2023 to early October 2024. BitRiver is confident in Russia’s […]

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ForkLog 15 11.10.2024

Tezos Stakers Renew Legal Battle Against US Tax Authority

Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS concerning the taxation of tokens created through staking. In their complaint, the couple argues that such assets should be considered newly created property, with tax liabilities arising only upon sale. They compared tokens received from staking to […]

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ForkLog 145 10.10.2024

US Charges Gotbit and Other Market Makers with Cryptocurrency Manipulation

Federal prosecutors in Boston have filed “the first-ever criminal charges against financial companies for manipulating the crypto market and engaging in wash trading.” Eighteen individuals and organizations stand accused of large-scale fraud and market manipulation in the cryptocurrency sector, including executives from market-making firms Gotbit, ZM Quant, CLS Global, MyTrad, and several crypto projects. Four […]

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