USA | ForkLog - Part 66

ForkLog 9 11.04.2024

Cryptocurrencies Surpass Stocks in Popularity Among Gen Z, Study Finds

Approximately 18% of Generation Z (Zoomers) in the United States own stocks, while 20% hold cryptocurrencies. These findings were reported by researchers at Policygenius, according to The Block. Analysts attributed these results to a different approach to financial planning compared to older generations. For instance, among baby boomers, one in three owns stocks, while only […]

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ForkLog 33 11.04.2024

SEC’s Allegations Against Uniswap Spark DeFi Community Backlash

Uniswap has received a Wells notice from the SEC, potentially leading to a lawsuit. The exchange’s team expressed readiness to fight, deeming the regulator’s arguments weak. The community rallied in support of Uniswap and its founder, Hayden Adams. The largest decentralized exchange, Uniswap, has received a warning from the U.S. Securities and Exchange Commission (SEC) […]

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ForkLog 17 10.04.2024

Former Ethereum Advisor Seeks $9.6 Billion from US Government

Web3 attorney and former Ethereum advisor Steven Nerayoff has filed a lawsuit against the US government, demanding $9.6 billion for a four-year prosecution over a “fabricated” case. Nerayoff was arrested in 2019 on charges of extorting 10,000 ETH from a crypto startup. The legal battle lasted nearly four years and concluded in May 2023 when […]

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ForkLog 25 09.04.2024

US Treasury Seeks to Regulate Foreign Bitcoin Exchanges

The US Treasury is advocating for an expansion of its powers to enhance oversight of cryptocurrency service providers, including foreign entities. This was stated by Deputy Secretary Adewale O. Adeyemo ahead of Senate hearings. According to him, malicious actors are constantly “seeking new ways to conceal identities and move assets.” He cited instances of cryptocurrencies […]

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ForkLog 30 06.04.2024

Do Kwon Found Guilty of Fraud in SEC Case

A jury in the Southern District of New York found Terraform Labs (TFL) and its co-founder Do Kwon guilty of deceiving investors and securities fraud. “We are pleased with today’s jury verdict, which holds TFL and Do Kwon accountable for orchestrating a massive cryptocurrency fraud. [They] misled investors about the stability and security of crypto-assets […]

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ForkLog 43 04.04.2024

Google Sues Distributors of Fraudulent Bitcoin Apps

A federal court in New York is set to hear a lawsuit filed by Alphabet Inc., Google’s parent company, against two Chinese nationals accused of distributing and promoting fraudulent applications. This was reported by Bloomberg. According to the case materials, since 2019, the perpetrators acquired and uploaded 87 applications to Google Play, purportedly offering earnings […]

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ForkLog 31 04.04.2024

US Government Accused of Aiding FTX by Lawyer

John Deaton, founder of Deaton Law Firm, has accused the US authorities of overlooking certain illegal activities by the exchange FTX and its founder Sam Bankman-Fried (SBF). @SBF_FTX now claims that he wasn’t aware stealing money from customers and using it for political donations was illegal. ? During his fraud trial, evidence was presented that […]

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ForkLog 51 03.04.2024

US Government Transfers 2000 BTC to Coinbase

A US government-controlled wallet containing 30,174 BTC initiated a transfer of approximately 2000 BTC to a Coinbase Prime address. Experts suggest the assets may be sold. The US Government sold 2,000 Bitcoin today.These Bitcoin had been seized from James Zhong (stolen from Silk Road). These Bitcoin went to Coinbase. The US Government still holds 209K […]

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ForkLog 21 01.04.2024

Vinnik’s Defense Engages in Plea Negotiations in the US

The defense team for Russian national Alexander Vinnik, accused by US authorities of laundering at least $4 billion through the bitcoin exchange BTC-e, is in plea negotiations. This was stated by lawyer Arkady Bukh in a comment to RIA Novosti. According to him, the defense hopes to secure the best possible deal for their client […]

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ForkLog 26 28.03.2024

US and UK Investigate Garantex Over $20 Billion USDT Transfers

Authorities in the US and UK are investigating USDT transfers amounting to $20 billion through the Russian exchange Garantex. This was reported by Bloomberg, citing informed sources. According to these sources, the investigation is part of efforts to combat sanctions evasion. All stablecoin transactions occurred after April 2022, when Garantex was added to the US […]

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ForkLog 21 27.03.2024

KuCoin Considered Business Sale Amid Legal Challenges in 2023

Accused of laundering $9 billion, the cryptocurrency exchange KuCoin considered ceasing operations and selling the platform as early as 2023. This was reported by journalist Colin Wu, citing three independent sources, in a tweet. In 2023, the trading platform faced a criminal investigation by the New York State Attorney General’s Office. Chinese authorities also showed […]

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ForkLog 22 27.03.2024

US Senators Demand SEC Clarify Prometheum’s Crypto Activities

Several members of the US House of Representatives have sent a letter to the SEC demanding an explanation of the legality of digital asset broker Prometheum’s cryptocurrency operations. In February, the company announced plans to custody Ethereum for its clients, with the service expected to launch in the second quarter. The senators, most of whom […]

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