USA | ForkLog - Part 65

ForkLog 28 30.04.2024

Samourai Wallet Founder Released on Bail, Pleads Not Guilty

Keonne Rodriguez, co-founder and CEO of the anonymous Bitcoin wallet Samourai Wallet, has pleaded not guilty to charges of operating an unlicensed money transmitting business and laundering illicit proceeds. This was reported by CoinDesk. On April 29, Rodriguez was released on a $1 million bond, secured by real estate in Pennsylvania and co-signed by his […]

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ForkLog 29 30.04.2024

US Senators Voice Concerns Over USDT’s Role in Sanctions Evasion

On April 28, US Senators Elizabeth Warren and Roger Marshall sent a letter to the Treasury, the Department of Defense, and the White House, expressing concerns about the use of cryptocurrencies to evade sanctions. This was reported by the Wall Street Journal. The authors posed several specific questions regarding USDT transactions conducted by Russia, Iran, […]

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ForkLog 35 29.04.2024

Wasabi Wallet Restricts Access for U.S. Residents

The Wasabi Wallet team has blocked access for U.S. citizens and residents to its website and wallet, including the API and RPC interfaces. The zkSNACKs coordinator is now blocking U.S. residents and citizens from using its coinjoin service. — Wasabi Wallet (@wasabiwallet) April 27, 2024 “In light of recent statements by U.S. authorities, [the wallet […]

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ForkLog 30 29.04.2024

Legal Expert Criticises US Justice Department’s Statements in Tornado Cash Case

The US Department of Justice’s stance in the case against Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, is based on evident disregard for privacy and new technologies, as well as a misapplication of the law, according to Amanda Tuminelli, head of the legal department at DeFi Education Fund. The DOJ’s opposition to Roman […]

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ForkLog 56 24.04.2024

Samourai Wallet Founders Arrested for Alleged $100 Million Money Laundering

The U.S. federal prosecutors have charged the founders of the anonymous Bitcoin wallet Samourai Wallet with facilitating the laundering of $100 million in criminal proceeds. The service’s CEO, Keonne Rodriguez, was arrested on the morning of April 24 in the United States. CTO William Lonergan Hill was detained in Portugal, with extradition proceedings underway. Authorities […]

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ForkLog 27 24.04.2024

Tether to Block Payments Evading Sanctions

Tether has announced its intention to block wallets of organizations and individuals holding USDT that are under U.S. Treasury sanctions, according to Cointelegraph. Any payments directed to these entities will be frozen. A Tether representative emphasized the company’s ongoing commitment to halting transactions to addresses listed on the SDN list by the OFAC, aiming for […]

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ForkLog 35 23.04.2024

US Blockchain Associations Challenge SEC’s Regulatory Approach

The Blockchain Association (BA) and the Texas Crypto Freedom Alliance (CFAT) have filed a complaint against the SEC, accusing it of “capricious rulemaking” and “erroneous attacks” on the digital asset industry. The organizations seek to overturn the “Dealer Rule” due to various violations of the Administrative Procedure Act (APA) by the agency, which “prevent industry […]

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ForkLog 25 23.04.2024

US Presidential Candidate Proposes Moving Federal Budget to Blockchain

US presidential candidate Robert F. Kennedy Jr. has proposed transferring the federal budget to blockchain to enhance transparency. NEW: RFK Jr. says “I’m gonna put the entire US budget on blockchain” “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” “We’re gonna have 300 million […]

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ForkLog 23 17.04.2024

US Senate Receives Revised Stablecoin Bill

Democrat Kirsten Gillibrand of New York and Republican Cynthia Lummis of Wyoming have introduced a bill on payment stablecoins to the Senate, as reported by The Block. The document prohibits unbacked algorithmic stablecoins and implements anti-money laundering measures. The bill requires issuing firms to establish reserves of cash and cash equivalents in a one-to-one ratio […]

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ForkLog 25 17.04.2024

Nebraska Resident Charged with $1 Million Cryptojacking Scheme

A Nebraska resident has been accused of stealing $3.5 million from cloud computing services to mine cryptocurrencies. Nebraska Man Indicted for Multi-Million Dollar “Cryptojacking” Scheme Defendant Allegedly Stole More Than $3.5 Million in Cloud Computing Services In Order to Mine Cryptocurrency@NewYorkFBI @NYPDnews https://t.co/CExr2Z9FSU — US Attorney EDNY (@EDNYnews) April 15, 2024 According to a press […]

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ForkLog 23 15.04.2024

IRS Anticipates Surge in Crypto-Related Crimes

The United States Internal Revenue Service (IRS) is bracing for a significant increase in cryptocurrency tax crimes. This was stated by the head of the agency’s criminal investigation department, Guy Ficco, in an interview with CNBC. The statements were made ahead of the April 15 deadline for U.S. citizens to file their tax returns. According […]

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ForkLog 31 12.04.2024

Arkham Unveils Cryptocurrency Holdings of Various Nations

The United States government ranks among the largest holders of cryptocurrency, alongside the United Kingdom and Germany, according to data from Arkham Intelligence. Our team created a dashboard featuring the Governments with the largest crypto holdings. For each country, you can see their current BTC balance, balance history in USD, and a real-time feed of […]

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