regulation | ForkLog

ForkLog 37 12.09.2024

Bitcoin’s Record High Forecast Unaffected by US Election Outcome

Bitcoin is poised to reach a new record by the year’s end, irrespective of the results of the US presidential election, according to Standard Chartered, reports The Block. “A Trump victory would push the price to $125,000, while Harris would lead to $75,000,” the review states. Analysts believe that a Republican administration would accelerate progress […]

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ForkLog 8 12.09.2024

US Lawmakers to Investigate SEC for Alleged Hiring Bias

The US House of Representatives is set to investigate the SEC for potentially politically motivated hiring practices. This is outlined in a letter to the agency’s head, Gary Gensler. The joint investigation is spearheaded by Republican chairmen Jim Jordan of the Judiciary Committee, Patrick McHenry of the Financial Services Committee, and James Comer of the […]

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ForkLog 16 10.09.2024

Tether, TRON, and TRM Labs Form Alliance to Combat Illicit USDT Activities

Tether, TRON, and TRM Labs have established the T3 Financial Crime Unit (T3 FCU) to tackle financial crimes. The focus will be on preventing illegal use of USDT on the TRON blockchain. The TRON blockchain accounts for 60.78 billion tokens out of 118.37 billion in circulation, representing a 51.34% share, according to the stablecoin issuer’s […]

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ForkLog 16 10.09.2024

SEC’s Crypto Startup Penalties Reach Record $4.7 Billion

The amount collected by the SEC from enforcement actions related to digital assets in the 2024 fiscal year surged by 3018%, reaching a record $4.7 billion. These calculations were provided by Social Capital Markets. This was primarily driven by the settlement with Terraform Labs and its former CEO Do Kwon for $4.47 billion. In the […]

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ForkLog 10 09.09.2024

Bank of Russia to Develop Legal Framework for Digital Asset Segregation

The Bank of Russia is drafting amendments to enable the transfer of digital financial assets (DFA) into trust management and their inclusion in mutual investment funds. This was announced by the Deputy Chairman of the Central Bank, Philip Gabunia, as reported by Vedomosti. The regulator will outline a mechanism to segregate these assets from other […]

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ForkLog 22 06.09.2024

Chainalysis: Russia’s Crypto Laws Aimed at Sanctions Evasion

In a new report, analysts at Chainalysis highlighted the adoption of “significant” laws in Russia that legalise mining and the use of cryptocurrencies for international payments. The company noted that the new direction represents a “significant departure” from the government’s previous stance, when in 2022 the Central Bank of Russia advocated for a complete ban […]

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ForkLog 12 06.09.2024

Bitriver Assesses Energy Consumption by Russian Miners

Electricity consumption by miners based in Russia has exceeded 2.5 GW, according to estimates by Bitriver CEO Igor Runets, reports TASS. The executive explained that this figure includes illegal grey cryptocurrency mining. “Such players connect to communal power grids at residential rates, which are not designed for the consumption profile typical of mining. Moreover, this […]

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ForkLog 7 06.09.2024

Kazakhstan’s Binance Secures Regulatory Approval for License

The cryptocurrency exchange Binance Kazakhstan has received approval for a full regulatory license from AFSA. This was reported to ForkLog by the trading platform’s team. The decision follows extensive audits of the exchange’s operations, including an external financial audit and an assessment of compliance with the jurisdiction’s regulatory requirements. The license will allow Binance Kazakhstan […]

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ForkLog 13 03.09.2024

Bluesky Gains One Million Users in Three Days Following X Ban in Brazil

The user base of Bluesky, a decentralised alternative to the social network X, surged by one million between August 30 and September 1. This growth was spurred by the ban of Elon Musk’s platform in Brazil. wow… welcome to the ONE MILLION new users in the last three days!!! ? join us: https://t.co/x6v5YW0WFT — bluesky […]

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ForkLog 14 30.08.2024

Ukraine Considers Cryptocurrency Legalisation as an Alternative to Tax Increases

The legalisation of cryptocurrencies in Ukraine could serve as an effective alternative in the search for new sources of tax revenue, according to Alexander Bornyakov, Deputy Minister of Digital Transformation for IT Development. He proposed developing incentivising taxation for transactions involving this new class of assets, maintaining a balance between the interests of the state […]

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ForkLog 19 27.08.2024

Abra Settles SEC Allegations Over Unregistered Securities Sales

Plutus Lending, the company behind the crypto platform Abra, has settled allegations from the SEC regarding unregistered securities sales. The proceedings began in July 2020. The complaint concerned the Abra Earn yield service, which allowed U.S. clients to earn interest on their cryptocurrencies. The platform allegedly used clients’ digital assets “to generate income and fund […]

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ForkLog 26 27.08.2024

Musk and Buterin Endorse Controversial AI Legislation

Elon Musk and Vitalik Buterin have expressed their support for the widely debated California bill SB 1047, aimed at regulating artificial intelligence. This is a tough call and will make some people upset, but, all things considered, I think California should probably pass the SB 1047 AI safety bill. For over 20 years, I have […]

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