USA | ForkLog - Part 54

ForkLog 7 15.07.2024

US Court Delays Trial of Tornado Cash Co-Founder

The Southern District Court of New York has granted a request by the defense of Tornado Cash co-founder Roman Storm to postpone proceedings by three months, as reported by The Block. Lawyers cited “complex and novel legal and factual issues,” “millions of pages of documents,” many of which are in Russian and require translation. The […]

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ForkLog 14 12.07.2024

US Lawmaker Urges Nigeria to Release Binance Executive

Washington should declare Tigran Gambaryan, Binance’s Vice President of Global Intelligence and Investigations, who is detained in Nigeria, as a hostage if his case remains unresolved by mid-July. This is stated in a resolution by US Representative Rich McCormick. He believes the actions of Nigerian authorities are unlawful. He urged the US government to take […]

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ForkLog 21 09.07.2024

Paxful Co-Founder Admits Guilt in Money Laundering Case

Paxful co-founder Artur Schaback has admitted guilt for failing to implement an effective anti-money laundering (AML) program on the company’s P2P platform. Paxful Inc. Co-Founder Pleads Guilty to Conspiracy to Fail to Maintain Effective Anti-Money Laundering Program ?: https://t.co/B3DCa5DFQY pic.twitter.com/Zbkgi90dEr — Criminal Division (@DOJCrimDiv) July 8, 2024 According to court documents, the former executive managed […]

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ForkLog 39 08.07.2024

Samourai Wallet CTO Released on $2 Million Bail

The U.S. government has agreed to the release on bail of William Lonergan Hill, co-founder and CTO of the anonymous Bitcoin wallet Samourai Wallet, also known as TDev. According to documents, the initial hearing for Hill’s case “following his uncontested extradition from Portugal” is scheduled for July 9 or 10 in the Southern District of […]

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ForkLog 54 05.07.2024

Bernstein Warns of Potential US Power Shortage Due to AI

The United States may face an electricity shortage in two years if the current growth in demand from AI data centers continues. This is according to a report by Business Insider, citing Bernstein Research. Analysts noted that the imbalance between supply and demand in the electricity sector could lead to increased costs for computing power. […]

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ForkLog 14 03.07.2024

VanEck Ties Solana-ETF Launch to US Election Outcomes

Matthew Sigel, Head of Digital Asset Research at VanEck, opined that the prospects for launching a spot ETF based on Solana largely hinge on the outcome of the upcoming US presidential elections and whether Gary Gensler remains at the helm of the SEC. This was reported by Decrypt.

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ForkLog 38 03.07.2024

China Outpaces the US Sixfold in AI Patent Filings, Says UN

China is leading the world in the number of patents related to generative artificial intelligence, according to a report by the United Nations cited by Reuters. The World Intellectual Property Organization (WIPO) reports that over the past decade, more than 50,000 patent applications related to generative AI have been filed, with a quarter of them […]

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ForkLog 19 02.07.2024

Coinbase to Serve as Custodian for Seized Bitcoins by U.S. Marshals

The U.S. Marshals Service (USMS) has selected Coinbase Prime to provide custody and liquidation services for high-capitalization cryptocurrencies. Just announced: the U.S. Marshals Service selects Coinbase Prime to provide custody and advanced trading services for its large cap digital assets portfolio. Read more about this partnership ↓https://t.co/6CCTz1EGQj pic.twitter.com/zM4R0giDrY — Coinbase Institutional ?️ (@CoinbaseInsto) July 1, […]

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ForkLog 19 01.07.2024

Cryptocurrency Developments: German and US Transfers, Binance Alerts, and Pump.fun Revenue

Pump.fun’s fees have generated $50 million in revenue for the platform. Binance has added monitoring tags for several highly volatile tokens. The governments of Germany and the US have moved $150 million in Bitcoin and Ethereum. Profits from Memes Since its launch, the cumulative revenue of the meme-token creation platform Pump.fun, based on Solana, has […]

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ForkLog 22 28.06.2024

Jesse Powell Donates $1 Million in Cryptocurrency to Donald Trump

Kraken co-founder Jesse Powell has donated $1 million to Donald Trump’s campaign, “mostly in ETH.” I just personally donated $1m (mostly #ETH) to @realDonaldTrump. For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White […]

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ForkLog 48 28.06.2024

From ‘not real money’ to millions in bitcoin: how and why Donald Trump became the ‘crypto president’

Lately, Donald Trump has increasingly raised issues facing the crypto community. Notably, only a few years ago the Republican Party’s current presidential candidate was an implacable opponent of bitcoin and other digital assets. For ForkLog, Fedor Ivanov, director of analytics at “ШАРД”, examines how Trump’s rhetoric has changed, the role cryptocurrencies play in his campaign […]

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ForkLog 11 27.06.2024

US Government Transfers $240 Million in Bitcoin

On June 26, a cryptocurrency wallet associated with the US government transferred 3,940 BTC (approximately $240 million) to the exchange Coinbase Prime, according to analysts at Arkham Intelligence. Update: US Government Sends $240M BTC to Coinbase Prime The US Government just moved 3,940 BTC ($240M) to Coinbase Prime. This BTC was originally seized from narcotics […]

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