USA | ForkLog - Part 34

ForkLog 10 18.02.2025

Elon Musk-Led DOGE to Audit SEC

The U.S. Department of Government Efficiency (DOGE), under the leadership of Elon Musk, will conduct an audit of the U.S. Securities and Exchange Commission (SEC).

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ForkLog 56 14.02.2025

Michigan Joins the Race to Establish a Bitcoin Reserve

The Michigan House of Representatives has introduced Bill 4087, which proposes investing up to 10% of the general and economic stabilization funds in cryptocurrencies. The document also includes an option for lending in digital assets without increasing financial risk to generate additional revenue. One of the authors, Brian Posthumus, expressed the state’s ambition to become […]

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ForkLog 76 14.02.2025

HashFlare Founders Admit Guilt in $577 Million Crypto Pyramid Scheme

The founders of the cloud mining service HashFlare, Sergei Potapenko and Ivan Turõgin, have admitted to orchestrating a cryptocurrency pyramid scheme. U.S. authorities will confiscate assets from them valued at over $400 million. Two Estonian Nationals plead guilty in $577M cryptocurrency fraud scheme — Scheme victimized hundreds of thousands of people in the U.S. and […]

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ForkLog 31 13.02.2025

Donald Trump Recommends Former Bitfury Lawyer for OCC Leadership

U.S. President Donald Trump has nominated Jonathan Gould to head the OCC at the U.S. Treasury. Previously, he served as the chief counsel of the agency and CLO at Bitfury, reports The Block. According to Ron Hammond of the Blockchain Association, if confirmed, this appointment could simplify the creation of a regulatory framework for cryptocurrencies. […]

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ForkLog 16 13.02.2025

VanEck Predicts US States to Acquire $23.5 Billion in Bitcoin

The adoption of state-level strategic bitcoin reserve (SBR) bills could generate additional demand for digital gold amounting to 242,787 BTC ($23.5 billion), according to calculations by VanEck. We analyzed 20 state-level Bitcoin reserve bills.If enacted, they could drive $23 billion in buying, or 247k BTC. This sum is independent of any pension fund allocations, likely […]

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ForkLog 64 13.02.2025

US Customs Halts Import of Bitmain ASIC Miners

The US Customs and Border Protection (CBP) is detaining bitcoin mining devices upon entry into the country at the request of the Federal Communications Commission (FCC), reports Blockspace. Confiscations of imported ASIC miners Antminer S21 and T21 from Bitmain began as early as autumn 2024. This is presumably linked to the use of AI chips […]

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ForkLog 16 12.02.2025

WLFI Unveils Cryptocurrency Reserve Strategy

The Trump-affiliated company World Liberty Financial (WLFI) has announced a strategic cryptocurrency reserve named Macro Strategy. Dear WLFI Community, We are thrilled to announce a transformative initiative that marks a significant milestone in our journey together. World Liberty Financial (WLFI) is proud to unveil the Macro Strategy, our strategic token reserve designed to bolster leading […]

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ForkLog 16 12.02.2025

Russian Provider Zservers Sanctioned for Aiding LockBit

The United States, Australia, and the United Kingdom have imposed sanctions on the Russian secure hosting provider Zservers for offering services to the LockBit ransomware group. ? SANCTIONED: Russian cyber entity ZSERVERS, the launchpad for crippling ransomware attacks, and their UK front, XHOST Internet Solutions LP. The UK is cracking down on the Russian cybercrime […]

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ForkLog 19 11.02.2025

Binance and SEC Seek Court Approval to Pause Proceedings

The largest cryptocurrency exchange, Binance, and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion to pause legal proceedings for 60 days. This comes amid the formation of a special task force on digital currencies within the agency and the prospect of legislative reforms. This was reported by Reuters. According to the […]

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ForkLog 14 11.02.2025

Mike Novogratz Predicts US Government Bitcoin Acquisition Within Six Months

With the change in leadership at the SEC, a significant number of cryptocurrency companies will list their shares on the New York Stock Exchange or Nasdaq. This was stated by Galaxy Digital founder and CEO Mike Novogratz, according to Blockworks. The entrepreneur estimates this will occur in May or June 2025. Galaxy Digital itself also […]

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ForkLog 40 07.02.2025

Activists Accuse Donald Trump of Legal Violations Over TRUMP Coin

The non-profit organization Public Citizen has called on the U.S. Department of Justice and the Office of Government Ethics to investigate the TRUMP meme coin associated with Donald Trump for potential violations of federal corruption laws. Activists pointed out that while rules allow the head of state to receive “gifts,” they prohibit soliciting them or […]

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ForkLog 23 07.02.2025

World Liberty Financial Unveils Strategic Cryptocurrency Reserve

The DeFi platform World Liberty Financial (WLFI), associated with Donald Trump, plans to establish a strategic cryptocurrency reserve. This was announced by the company’s founder, Chase Herro, at the Ondo Finance summit in New York, as reported by Bloomberg. Donald Trump Jr., the president’s son, personally introduced the entrepreneur and two other WLFI co-founders, Zachary […]

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