USA | ForkLog - Part 95

ForkLog 7 26.12.2022

US lawmakers propose tighter rules for facial-recognition use

American Senator Rob Portman has introduced regulatory bills aimed at tightening the government's use of facial-recognition technologies.

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ForkLog 10 26.12.2022

Bad weather in the United States knocks Bitcoin hashrate

On December 24, the hashrate of the top cryptocurrency fell from 229 EH/s to 156 EH/s — about 32%. This occurred amid outages at several large mining facilities in the United States.

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ForkLog 20 23.12.2022

Court grants $250m bail for Sam Bankman-Fried

The Southern District of New York court set bail at $250 million for former FTX CEO Sam Bankman-Fried. He was released into his parents' custody.

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ForkLog 8 21.12.2022

U.S. Senator questions need for a ban on cryptocurrencies

The cryptocurrency industry needs stricter rules, but there is little point in advocating a blanket ban. This was the view expressed by Tina Smith, a U.S. Senator from Minnesota, on NBC.

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ForkLog 14 21.12.2022

Media reports: Sam Bankman-Fried agrees to extradition to the United States

FTX founder Sam Bankman-Fried (SBF) has agreed to extradition to the United States, where he faces fraud and money-laundering charges, Bloomberg reports. Acting Bahamas Department of Corrections Commissioner Doan Cleer told the agency that SBF signed the extradition documents on December 20. He said the fight against extradition could take years and that Bankman-Fried probably did not want to stay for four or five years, as Cleer told The Tribune. He added that Bankman-Fried should confirm his decision on December 21 and, then, be transported to the United States on a private flight. The New York Times reports that SBF's lawyers are negotiating bail with prosecutors, potentially under extremely restrictive conditions such as home detention and an electronic bracelet. On December 12 Bahamian authorities arrested Bankman-Fried at the request of the U.S. government; the court denied his $250,000 bail petition, citing flight risk. On December 18 Reuters reported that SBF refused to contest extradition to the United States. U.S. prosecutors charged the former head of the exchange with eight criminal charges, including conspiracy and fraud involving electronic funds. He could face up to 115 years in prison. Bankman-Fried also faced lawsuits from U.S. regulators. The SEC charged him with organizing a fraudulent scheme, deceiving investors and misusing client funds, and the CFTC charged him with violations of the Commodity Exchange Act. Follow ForkLog's Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.

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ForkLog 9 19.12.2022

Chainalysis: DeFi’s popularity in North America has diminished Bitcoin’s dominance

From July 2021 to June 2022, 37% of total cryptocurrency transaction volume in North America was attributed to the DeFi segment, indirectly contributing to a reduction in Bitcoin's dominance.

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ForkLog 12 19.12.2022

Vinnik seeks bail in US court

Alexander Vinnik, accused of laundering at least $4 billion through the BTC-e Bitcoin exchange, has asked a US court for bail.

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ForkLog 25 17.12.2022

OneCoin co-founder pleads guilty to fraud and money laundering

Co-founder of the OneCoin cryptocurrency pyramid, Sebastian Greenwood, pleaded guilty to fraud and money laundering.

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ForkLog 11 16.12.2022

US sanctions Chinese surveillance-systems maker Tiandy Technologies

The U.S. Department of Commerce placed Tiandy Technologies, a Chinese surveillance-systems maker, on its blacklist for involvement in repression of Uyghurs, NBC reported.

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ForkLog 10 15.12.2022

Media: ARM will not sell its latest chips in China

ARM will not sell Alibaba the Neoverse V chips due to export restrictions in the United States and Britain.

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ForkLog 27 15.12.2022

US Senators allege Binance has ties to the Chinese Communist Party

US Republican Senator Bill Hagerty said Binance has close ties with the Chinese government.

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ForkLog 27 14.12.2022

Bitcoin slips below $18,000 as Fed raises rates

The Fed raised the target range for the federal funds rate by 50 basis points—to 4.25-4.50%.

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