USA | ForkLog - Part 68

ForkLog 13 11.03.2024

Bitcoin as a Hedge Against Rising US National Debt, Suggests Expert

Bitcoin is the only available refuge from inflation and potential asset confiscation in the US, which are possible due to the unsustainable trajectory of government spending, according to former CTO of Coinbase and general partner at a16z Balaji Srinivasan. BITCOIN > BUDGETING We’re in the looting-the-treasury phase of imperial collapse. The dynamic described below isn’t […]

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ForkLog 31 09.03.2024

Wyoming Legalizes DAO Operations

The Governor of Wyoming, USA, Mark Gordon, signed the Decentralized Unincorporated Nonprofit Association Act (DUNA), granting legal status to DAOs. ?Big News?Wyoming just enacted a game-changing law for web3. It creates a new entity for DAOs – the Decentralized Unincorporated Nonprofit Association (DUNA) – that’s been years in the making.@CowrieLLC and I provide everything you […]

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ForkLog 14 06.03.2024

From censure to pledges to protect bitcoin: what U.S. politicians say about crypto—and why

Some U.S. politicians lambast the crypto industry; others champion bitcoin with equal fervour. Experts, for their part, cite the coming U.S. presidential election as one of the main forces shaping the crypto market in 2024. Before the race for the White House saturates the airwaves, ForkLog reviewed what U.S. politicians have said about digital assets […]

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ForkLog 15 06.03.2024

Binance.US Reports 75% Revenue Decline Following SEC Lawsuit

The American branch of Binance experienced a 75% drop in revenue and laid off 200 employees following the filing of a lawsuit by the SEC against the cryptocurrency exchange, according to court documents. In June 2023, the regulator brought 13 charges against Binance, including the unregistered offering of securities in the form of digital tokens. […]

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ForkLog 25 29.02.2024

US Authorities Transfer $922 Million in Seized Bitfinex Hack Bitcoins

On February 28, two wallets associated with the coins seized in the Bitfinex hack case made multiple transfers to unidentified addresses. This information is available on the Arkham Intelligence platform. The first wallet initially transferred 1 BTC, followed by a transaction of 2817 BTC (~$172.74 million). Another wallet sent 0.01 BTC and 12,267 BTC ($748.46 […]

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ForkLog 25 28.02.2024

US Senators Renew Efforts to Ban CBDC Over Privacy Concerns

On February 26, a group of five US senators introduced the “No CBDC Surveillance State Act”, which prohibits the Federal Reserve from directly issuing a digital dollar to citizens. The proposal’s authors are Republican politicians Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun. They express concern that a central bank digital currency […]

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ForkLog 34 27.02.2024

Hut 8 to Establish 63 MW Bitcoin Mining Facility in Texas

Mining company Hut 8 has announced the commencement of construction on a bitcoin mining facility in Culberson, Texas, with an anticipated hash rate of 3.6 EH/s. It’s a great day to build, esp. when it’s at a 40% savings over buying turnkey sites! Construction is underway at our newest site in Culberson County, TX: expected […]

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ForkLog 12 24.02.2024

US Court Approves Binance’s $4.3 Billion Settlement with Justice Department

A federal court in the Western District of Washington has approved a $4.3 billion payment by cryptocurrency exchange Binance to the US Department of Justice as part of a plea agreement. This was reported by Bloomberg. According to the signed memorandum, the platform has agreed to implement significant measures to ensure ongoing compliance with US […]

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ForkLog 25 23.02.2024

Riot Platforms Sues U.S. Department of Energy Over Data Collection

The mining company Riot Platforms and the industry group Texas Blockchain Council (TBC) have filed a civil lawsuit demanding a halt to the “emergency data collection” by authorities from the association’s members. The defendants are the U.S. Department of Energy, the Energy Information Administration (EIA) within the department, and the Office of Management and Budget […]

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ForkLog 20 23.02.2024

Trump Discusses Bitcoin’s Future in the US and Reveals His Preferred Currency

Former US President and Republican Party leader Donald Trump, in a conversation with Fox News, stated that the current development of Bitcoin will require authorities to introduce specific regulations. According to him, the first cryptocurrency has already “taken on a life of its own.” “Many people are accepting it. I see more and more people […]

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ForkLog 51 21.02.2024

UK Police Seize 200 LockBit Cryptocurrency Wallets

The UK’s National Crime Agency has revealed details of an operation to seize servers belonging to the hacker group LockBit. Authorities have detained two members of the organisation in Poland and Ukraine. They are accused of conducting ransomware attacks and are currently under arrest, with future court appearances in the US pending. Charges have also […]

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ForkLog 21 16.02.2024

US Banks Seek Greater Role in Bitcoin ETF Management

The association of major US banks sent a letter to SEC Chairman SEC Gary Gensler, requesting a change in the definition of crypto assets to allow financial institutions to participate in the custody of spot Bitcoin ETFs. Signatories included the Bank Policy Institute, the American Bankers Association, the Financial Services Forum, and the Securities Industry […]

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