USA | ForkLog - Part 65

ForkLog 28 26.01.2024

US Government to Gain $115 Million from Sale of Silk Road-Linked 2875 BTC

The US government announced plans to sell 2875 BTC, valued at approximately $115 million, which were confiscated from darknet marketplace Silk Road drug dealers Ryan Farace and Shaun Bridges. In 2018, Farace and his father were sentenced to 57 months in prison. At that time, the court ordered the forfeiture of $5.6 million in cash, […]

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ForkLog 15 24.01.2024

FINRA Uncovers Violations in 70% of Crypto Asset Advertisements

A targeted investigation by FINRA has revealed potential breaches of public communication rules in 70% of informational materials concerning cryptocurrency products. We have identified potential violations of FINRA Rule 2210 (Communications with the Public) in 70% of crypto asset communications we reviewed, according to a report published today on the results of a targeted exam. […]

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ForkLog 28 23.01.2024

Abra to Reimburse $13.6 Million to Clients in Texas Regulator Settlement

The Texas State Securities Board announced a settlement in principle with the crypto platform Abra to resolve allegations of misleading investors in the sale of its Abra Earn and Abra Boost products. The regulator took enforcement action against the company in June 2023. The Board’s claims included deliberate concealment of financial information, failure to meet […]

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ForkLog 23 22.01.2024

Coinbase Criticizes US Authorities for Manipulating Cryptocurrency Facts

Coinbase’s Chief Legal Officer, Paul Grewal, expressed criticism towards the US Government Accountability Office (GAO) over a report concerning the use of cryptocurrencies to evade sanctions. Zero comparative analysis performed. Heck, zero analysis whatsoever performed. Instead they harangue an industry that spends millions and millions to follow the law. Ask yourself— why? https://t.co/a7VKV0vKR4 — paulgrewal.eth […]

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ForkLog 51 22.01.2024

US Pastor Justifies Scam Tokens as ‘Divine Will’

Eli Regalado, pastor of the online Victorious Grace Church in Colorado, admitted to creating a fraudulent cryptocurrency project, claiming it was “God’s directive to enrich the congregation.” In 2022, Regalado and his partner Caitlin launched the INDXcoin token and began promoting it among their followers. According to the Colorado Securities Commission, from June 2022 to […]

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ForkLog 21 18.01.2024

Donald Trump Vows to Block CBDC in the US

During a campaign speech in Portsmouth, US presidential candidate Donald Trump vowed never to allow the Federal Reserve to launch a national digital currency (CBDC). This was reported by The Post Millennial. Trump highlighted the risks of “debanking and the emergence of political weaponry” that would accompany the implementation of a CBDC. “As your president, […]

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ForkLog 26 17.01.2024

IMF Chief: Cryptocurrencies Are Not Money

Cryptocurrency is nothing more than an investment tool, according to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), in an interview with Yahoo Finance. “It is necessary to distinguish between money and assets. When we talk about cryptocurrency, we are actually talking about the latter category. They can be backed and in this […]

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ForkLog 12 12.01.2024

CoinShares to Acquire Control of Valkyrie Funds’ Bitcoin ETF

Cryptocurrency ETP provider CoinShares has exercised an option to acquire competitor Valkyrie Funds, part of the Valkyrie Investments group. The agreement was set to expire on March 31, 2024. Financial terms have not been disclosed. The deal is pending the completion of legal due diligence, the signing of necessary agreements, and final approval by the […]

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ForkLog 34 10.01.2024

US Arrests Promoter of HyperVerse Crypto Scam

In the United States, Rodney Burton, known as Bitcoin Rodney, was arrested at the request of the IRS. He is linked to the fraudulent crypto project HyperVerse, which amassed $7.85 million. Burton has been charged with operating an unlicensed money transfer business. Founded in June 2020, HyperVerse, which did not obtain legal entity status, was […]

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ForkLog 27 09.01.2024

VanEck Allocates $72.5 Million for Bitcoin ETF, BlackRock Commits $10 Million

Prospective issuers of spot Bitcoin ETFs in the United States have disclosed the initial funding amounts for their products in updated S-1 filings with the SEC. Investment firm VanEck announced its intention to allocate $72.5 million for the structure. BlackRock will commit $10 million to the launch of its Bitcoin ETF. Bitwise Asset Management has […]

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ForkLog 34 08.01.2024

US Charges Operators and Users of Darknet Marketplace xDedic

The US Department of Justice has charged 19 individuals connected to the operations of the darknet marketplace xDedic. The investigation, conducted with the cooperation of law enforcement agencies from the US, Belgium, Ukraine, Germany, and the Netherlands, led to the seizure of the platform’s domains and infrastructure in January 2019. Throughout its operation, xDedic facilitated […]

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ForkLog 16 04.01.2024

US Government’s Bitcoin Holdings Surpass $8 Billion

The US government holds approximately 200,000 BTC, valued at $8.4 billion, according to Blockworks.

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