USA | ForkLog - Part 42

ForkLog 14 04.12.2024

Enron’s Parody Resurgence Sparks Token Curiosity

The infamous Enron Corporation, known for its massive fraud and one of the largest bankruptcies in U.S. history, has allegedly resurfaced, launching a website and engaging on social media on the anniversary of its bankruptcy. We’re back. Can we talk? pic.twitter.com/9kt4g0Q84Z — Enron (@Enron) December 2, 2024 It turns out that the “new Enron” is […]

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ForkLog 27 04.12.2024

Foundry Mining Pool Reduces Workforce by 27%

Foundry, the largest mining pool in the United States, has reduced its workforce by 27%, from 274 to 200 employees, according to Blockspace. Sources indicate that the company has begun restructuring its business, transferring around 20 employees to a new subsidiary under Barry Silbert’s Digital Currency Group (DCG) — an AI startup named Yuma, built […]

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ForkLog 9 04.12.2024

Paul Atkins Unlikely to Lead SEC as Journalists Eye Other Candidates

Previously identified by the media as the leading candidate for the chair of the SEC, Paul Atkins has been interviewed by U.S. President-elect Donald Trump, according to CoinDesk citing sources. However, insiders noted that Atkins is not attracted to the position due to the workload. He believes the bloated federal agency requires significant reorganization following […]

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ForkLog 28 04.12.2024

Roger Ver Challenges Tax Evasion Allegations Over Bitcoin Transactions

On December 3, Bitcoin.com founder Roger Ver filed a motion in a California federal court to dismiss a tax evasion case related to bitcoin transactions, initiated by the U.S. Attorney’s Office. He argues that the IRS-imposed exit tax for individuals renouncing U.S. citizenship with assets exceeding $2 million is unconstitutional and “incomprehensibly vague.” Ver renounced […]

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ForkLog 21 04.12.2024

Former Celsius CEO Admits Guilt on Two Charges

Former Celsius CEO Alex Mashinsky admitted guilt on two of seven charges—commodity fraud and manipulation of the CEL token price. “I said that Celsius had received approval from regulators. That was a lie. I lied about not selling my CEL tokens. I take full responsibility for my actions,” Mashinsky stated on December 3 at a […]

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ForkLog 18 03.12.2024

Coinbase Severs Ties with Law Firms Employing Former SEC Officials

The American company Coinbase will cease working with law firms that have hired former SEC employees who opposed cryptocurrencies, according to CEO Brian Armstrong. We’ve let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer […]

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ForkLog 20 03.12.2024

US Government Transfers 10,000 Silk Road BTC to Coinbase

A US government-controlled wallet has transferred 10,000 BTC (~$963 million) linked to Silk Road to Coinbase Prime, as noted by Arkham Intelligence. 10K BTC ($963M) has been moved from 33Tg to Coinbase Prime. pic.twitter.com/D2kijONsmL — Arkham (@arkham) December 2, 2024 Previously, 19,800 BTC (~$1.92 billion) confiscated from the darknet marketplace were moved. This is part […]

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ForkLog 13 28.11.2024

Trump’s Crypto Priorities Highlighted by ‘Crypto Czar’ Candidate

Digital assets are a “considerable priority” for Donald Trump’s administration, according to former CFTC Chairman Christopher Giancarlo, who is a candidate for the role of “crypto czar,” reports The Block. “The elected president has meticulously outlined a series of initiatives to transform the U.S. into the crypto capital of the world,” he noted. Giancarlo highlighted […]

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ForkLog 6 27.11.2024

Paul Atkins Emerges as Leading Candidate for SEC Chair

Former SEC Commissioner Paul Atkins has emerged as the leading candidate to head the agency under Donald Trump’s administration, according to Eleanor Terrett of FOX Business, citing two sources. ?NEW: Former SEC commissioner Paul Atkins is said to still be the favorite among top transition team members to lead the @SECGov, according to two sources […]

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ForkLog 13 27.11.2024

Study Reveals Increased Mortgage Borrowing Among US Cryptocurrency Holders

Proceeds from cryptocurrency sales are enabling low-income households to secure larger mortgage loans, thereby introducing financial risks. This conclusion was shared by researchers from the OFR in a recent report. A new OFR Brief examines the relationship between crypto exposure and the increase in household debt since the COVID-19 pandemic.https://t.co/0h1aCfqhFh — Office of Financial Research […]

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ForkLog 10 27.11.2024

Trump Administration to Grant CFTC Oversight of Certain Cryptocurrencies

The administration of Donald Trump seeks to place certain cryptocurrencies under the jurisdiction of the CFTC, according to Fox Business. Sources from Fox indicate that if the decision is made, the Commission will oversee all digital assets deemed to be commodities. This list includes Bitcoin and Ethereum, as well as the markets where they are […]

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ForkLog 16 27.11.2024

US Court Deems Sanctions Against Tornado Cash Unlawful

The US Fifth Circuit Court of Appeals has ruled that the OFAC overstepped its authority in imposing sanctions on the cryptocurrency mixer Tornado Cash, as reported by The Block. The previous district court decision has been overturned. “Immutable smart contracts of Tornado Cash (lines of code ensuring privacy) do not constitute ‘property’ of a foreign […]

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