USA | ForkLog - Part 56

ForkLog 18 12.06.2024

AI Gains Traction in US Education Sector

The use of artificial intelligence in the US education sector has seen significant growth. This is reported by CNBC, citing a study by Impact Research. Over the past year, the number of teachers familiar with the ChatGPT chatbot increased from 55% to 79%. Among K–12 students, the figure rose from 37% to 75%. 46% of […]

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ForkLog 11 11.06.2024

Mark Cuban: Cryptocurrency Support Could Secure Trump’s Victory

The stance on cryptocurrencies will be a key differentiator between U.S. presidential candidates Donald Trump and Joe Biden, despite both lacking expertise in the area, according to billionaire Mark Cuban. Do you really think he understands anything about crypto? Beyond saying he made money selling NFTs? Neither of them does. And I have said many […]

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ForkLog 29 08.06.2024

Donald Trump Declares Himself the ‘Crypto President’

Republican candidate for the upcoming US elections, Donald Trump, has announced his intention to become the cryptocurrency president, according to Reuters, citing sources. During a fundraising event for his presidential campaign in San Francisco, the politician positioned himself as a defender of digital assets and criticized the Democrats’ attempts to regulate the industry. According to […]

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ForkLog 20 07.06.2024

New York Prosecutor Accuses Two Crypto Firms of $1 Billion Fraud

The New York State Attorney General’s Office, led by Letitia James, has filed a lawsuit against NovaTechFx and AWS Mining, accusing them of fraud and deceiving investors. We’re suing cryptocurrency companies @novatechfx and AWS Mining for defrauding investors out of over one billion dollars. They used prayer groups and social media apps to target Haitian […]

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ForkLog 8 07.06.2024

Former US Officials Urge Release of Binance Executive Detained in Nigeria

108 former federal prosecutors and agents from the United States have penned a letter to Secretary of State Antony Blinken, urging assistance in securing the release of Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, from custody in Nigeria. They argue that the US government is making “insufficient efforts” in […]

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ForkLog 5 06.06.2024

Gary Gensler: Ethereum ETF Applications Will Require Time for Review

The review of applications for spot ETFs based on Ethereum will take “some time,” according to Gary Gensler, the head of the SEC. ?NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8 — Eleanor Terrett (@EleanorTerrett) […]

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ForkLog 11 04.06.2024

Utah Woman Faces Trial Over Bitcoin-Funded Murder Plot

A 23-year-old resident of Salt Lake City, Utah, Krista Renee Stone, paid $5000 in Bitcoin as a down payment for a contract killing. On June 15, the court will deliver its verdict in her case. Stone has pleaded guilty to planning the crime. According to the US Department of Justice, from March to September 2023, […]

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ForkLog 12 04.06.2024

Media Executive Accused of $67 Million Cryptocurrency Fraud

The U.S. Department of the Treasury has charged Bill Guan, the Chief Financial Officer of the international media company Epoch Times, with orchestrating a scheme to launder at least $67 million in illicit funds through cryptocurrencies. According to the case documents, from 2020 to May 2024, Guan established a team called Make Money Online in […]

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ForkLog 26 03.06.2024

Coinbase Allocates $25 Million to Support Crypto-Friendly Politicians in the US

American cryptocurrency exchange Coinbase has allocated $25 million to support the political action committee (PAC) Fairshake, boosting the organisation’s budget to $160 million. This was reported by Fox Business, citing the company’s CEO, Brian Armstrong. This level of funding places Fairshake among the top five largest PACs in the current election cycle. As of December […]

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ForkLog 15 01.06.2024

Biden Vetoes Resolution to Overturn SEC’s SAB 121

U.S. President Joe Biden vetoed a document that would allow regulated companies, including banks, to hold cryptocurrency on their balance sheets. The document in question is the Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC). “SAB 121 reflects the SEC staff’s considered view on the accounting obligations of certain […]

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ForkLog 18 31.05.2024

US Arrests Creator of Botnet That Amassed Over $130 Million in Cryptocurrencies

The US Department of Justice has dismantled the major 911 S5 botnet, responsible for a series of cyberattacks and fraud incidents. The network’s creator, 35-year-old Yunhe Wang, a citizen of China and Saint Kitts and Nevis, has been arrested. According to the case materials, from 2014 to 2022, Wang compromised a million home computers in […]

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ForkLog 52 31.05.2024

Former Deutsche Bank Employee Sentenced for Cryptocurrency Fraud

On May 30, a New York court sentenced Rashawn Russell, a former employee of the German investment bank Deutsche Bank, to 41 months in prison for cryptocurrency fraud. This was reported by the US Department of Justice. According to the department, from November 2020 to August 2022, Russell managed the R3 crypto fund. He promised […]

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