USA | ForkLog - Part 43

ForkLog 29 26.11.2024

Texas Investment Manager Misappropriates $18.5 Million in Client Funds for Crypto Lending

A Texas investment manager, Khalid Parekh, has been accused of making false statements and unlawfully investing $18.5 million of client funds into cryptocurrencies, according to a statement from the U.S. Securities and Exchange Commission (SEC). The report states that Parekh and his consulting firm, Fair Invest, offered investments adhering to Sharia principles, which prohibit earning […]

AI translated

ForkLog 46 26.11.2024

US Customs Detain Antminer Shipments at Ports

Hundreds of Bitmain’s Antminer S21 and T21 ASIC miners have been stored in American ports for over a month, awaiting approval from the CBP. This was reported by Blockspace, citing unnamed industry sources. SCOOP from @theMiningPod Officials are halting Bitmain units at U.S. ports, industry firms report The Customs and Border Protection Agency (CBP) is […]

AI translated

ForkLog 16 24.11.2024

Donald Trump Expands Cryptocurrency Advocates in Prospective Administration

US President-elect Donald Trump has nominated hedge fund manager Scott Bessent for the position of Treasury Secretary. The politician announced this on his social network, Truth Social. “Scott is widely respected as one of the world’s leading international investors, geopolitical and economic strategists. His story is the story of the American dream,” Trump stated. In […]

AI translated

ForkLog 29 22.11.2024

Texas Legislator Proposes Strategic Bitcoin Reserve

A Texas lawmaker has initiated the development of a proposal to establish a strategic reserve of digital gold, according to Dennis Porter, CEO of Satoshi Action Fund (SAF). BREAKING: I have officially been asked to speak in Texas and will present on ‘Strategic Bitcoin Reserves’. Lawmakers from across the USA and the world will be […]

AI translated

ForkLog 9 21.11.2024

Expert Questions Bitcoin’s Role in Solving US National Debt

The notion that Bitcoin could eliminate the US national debt is an “exaggeration” of the cryptocurrency’s capabilities, according to Avik Roy, president of the Foundation for Research on Equal Opportunity, as reported by Cointelegraph. The expert was responding to an initiative by Senator Cynthia Lummis, who proposed a bill suggesting the purchase of 1 million […]

AI translated

ForkLog 7 21.11.2024

Trump Team Considers Appointing a ‘Crypto Czar’

Donald Trump and his transition team are contemplating the creation of a dedicated White House position focused on digital assets, according to sources cited by Bloomberg. U.S. presidents appoint so-called ‘czars’ to address high-priority issues such as climate change and border security. The initiative is being discussed with industry leaders, though no decision has been […]

AI translated

ForkLog 17 20.11.2024

Trump’s Team Expands List of Candidates for SEC Chair

According to numerous news reports, a list of candidates has emerged for the position of chairman of the SEC under Donald Trump’s future administration. As reported by CoinDesk, another candidate is Teresa Goody Guillen, a partner at the law firm BakerHostetler. Other candidates under consideration include: Robert Stebbins, partner at Willkie Farr & Gallagher LLP; […]

AI translated

ForkLog 40 19.11.2024

BIT Mining to Pay $10 Million Fine in U.S. for Bribery in Japan

BIT Mining has agreed to pay a $10 million fine to settle charges from the U.S. Department of Justice over bribing Japanese officials. Former CEO Indicted for Role in Bribing Japanese Officials and BIT Mining Ltd. Resolves Foreign Bribery Investigation ?: https://t.co/FreYjxbkJZ pic.twitter.com/0Q1zDAjur2 — Criminal Division (@DOJCrimDiv) November 18, 2024 In 2021, the Chinese company […]

AI translated

ForkLog 20 19.11.2024

Nasdaq to List Options on BlackRock’s Spot Bitcoin ETF

On November 19, Nasdaq will commence trading options on BlackRock’s spot BTC-ETF, according to Decrypt, citing exchange representatives. The listing is made possible by the approval from the Options Clearing Corporation (OCC), which was the final hurdle following the green light from the SEC. Re bitcoin ETF options, now the OCC just posted a response […]

AI translated

ForkLog 22 19.11.2024

US Court Holds Lido DAO Members Accountable for Organisational Activities

A court in California has classified the decentralised autonomous organisation (DAO) managing the Lido liquid staking protocol as a legal entity in the form of a general partnership. Under state law, members of such a structure bear financial responsibility for its actions. The case originated from a lawsuit by Andrew Samuels, who purchased tokens issued […]

AI translated

ForkLog 18 19.11.2024

Heather Morgan Sentenced to 18 Months for Bitfinex Hack Involvement

A US federal court has sentenced Heather Morgan to 18 months in prison for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016, reports CoinDesk. Her husband, Ilya Lichtenstein, who orchestrated the attack, received a five-year sentence on November 14. The couple was arrested in February 2022, when authorities seized 94,643 […]

AI translated

ForkLog 10 18.11.2024

Bernstein Identifies Catalysts for Bitcoin’s Rise to $200,000

Analysts at Bernstein have identified key catalysts that could propel Bitcoin to a target level of $200,000 by 2025, according to The Block. Experts highlighted the significant roles of the SEC chairman and the Treasury Secretary in Donald Trump’s new administration after January 20. According to Polymarket, Howard Lutnick, CEO of Cantor Fitzgerald, is the […]

AI translated

#USA