USA | ForkLog - Part 63

ForkLog 21 17.05.2024

US Senate Votes to Repeal SEC Directive

On May 16, the US Senate passed a joint resolution to annul the Staff Accounting Bulletin 121 (SAB 121) issued by the Securities and Exchange Commission (SEC). 2/ The tally, a stunning 60 “Yeas” in the Senate vote, sends a strong signal that both houses of Congress, across the political divide, clearly disapprove of this […]

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ForkLog 51 16.05.2024

US Brothers Arrested for Ethereum Exploit and $25 Million Theft

Brothers Anton and James Perayre-Bueno have been arrested in Boston and New York, respectively, on charges of exploiting the Ethereum blockchain and stealing $25 million in cryptocurrency. According to a press release, they face charges of conspiracy to commit wire fraud and money laundering. “These brothers allegedly executed a first-of-its-kind manipulation of the Ethereum blockchain, […]

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ForkLog 28 14.05.2024

Wisconsin State Investment Board Reveals $163 Million ETF Holdings

According to a SEC filing, the Wisconsin State Investment Board (SWIB) held shares in spot bitcoin ETFs totaling $163 million as of the end of March.

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ForkLog 26 14.05.2024

Biden Blocks Chinese Miner from Owning Property Near Air Force Base

U.S. President Joe Biden has prohibited a mining company controlled by Chinese nationals from owning real estate near an Air Force base in Wyoming, according to a statement from the Treasury Department. The President has mandated that MineOne Partners Limited sell the property due to national security concerns. The firm, whose majority shares are held […]

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ForkLog 27 13.05.2024

Mark Cuban Joins Critics of Biden’s Cryptocurrency Policy

Billionaire Mark Cuban has stated that if Joe Biden loses the upcoming presidential election, the crypto community will have a chance to “thank” the SEC and its head, Gary Gensler. If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC Crypto is a mainstay with younger and […]

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ForkLog 23 13.05.2024

Uniswap Founder Criticizes Biden’s Approach to Cryptocurrency

The founder of Uniswap, the largest decentralized exchange, Hayden Adams, believes that Joe Biden may lose the upcoming U.S. presidential election due to his administration’s dismissive attitude towards the cryptocurrency market. Hillary campaigning in red states states instead of swing states level miscalculation from Biden camp thinking crypto will be irrelevant in 2024 election and […]

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ForkLog 37 11.05.2024

US Justice Department Appoints Monitor for Binance

The US Department of Justice has appointed the consulting firm Forensic Risk Alliance (FRA) to oversee Binance’s operations for a three-year period, according to Bloomberg. The appointment of a monitor was a condition of the trading platform’s plea agreement. In November 2023, Binance agreed to pay fines amounting to $4.3 billion, and its founder, Changpeng […]

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ForkLog 28 09.05.2024

Donald Trump Opens Cryptocurrency Donation Channel

Former U.S. President Donald Trump has announced the opening of a cryptocurrency donation account for his election campaign. BREAKING: DONALD TRUMP ASKED “CAN WE DONATE USING CRYPTO?” “IF YOU CANT, I’LL MAKE SURE YOU CAN” pic.twitter.com/Nm2YjqxwSI — Frank (33.3%) (@frankdegods) May 9, 2024 In several videos posted by NFT artist Frank Degods, the politician expressed […]

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ForkLog 21 08.05.2024

Survey: Over 20% of US Voters Consider Candidates’ Crypto Stance Important

More than 20% of respondents in several states view cryptocurrency as a key issue in the upcoming US elections, according to a study by the Digital Currency Group (DCG). The survey was conducted among 1,201 voters from Michigan, Ohio, Montana, Pennsylvania, Nevada, and Arizona to gauge attitudes towards digital currencies and the financial system. “The […]

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ForkLog 10 07.05.2024

Gary Gensler Criticizes Lack of Crypto Asset Disclosure

Amidst the scrutiny of cryptocurrency firms, SEC Chairman Gary Gensler has expressed concerns that investors are not receiving sufficient information about digital assets. This was reported by The Block, citing the official’s interview with CNBC. Journalists inquired about the Wells notice issued to the crypto division of online broker Robinhood. The head of the Commission […]

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ForkLog 25 07.05.2024

US Government Seizes $250 Million in Bitcoin from Drug Trafficker

Analysts at Arkham Intelligence have documented the confiscation of 3940 BTC (approximately $249 million) from drug trafficker Banmeet Singh by the US government. $250M of BTC seized by the US Government is now on Arkham. The US Government acquired 3.94K BTC from narcotics trafficker Banmeet Singh, forfeited at trial in January 2024. pic.twitter.com/dCwyvT9gZl — Arkham […]

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ForkLog 12 07.05.2024

CFTC Chair Predicts Increased Regulatory Pressure on Crypto Industry

The growing interest of retail investors and the rising market capitalization of cryptocurrencies are leading to an expansion of enforcement actions within the industry. This was stated by Rostin Behnam, chairman of the CFTC. During a panel discussion at the 27th annual Milken Institute conference, the official mentioned that he anticipates another “cycle of enforcement […]

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