Tag: america

Oct 20 2021

Confusion Reigns Over NYAG DeFi Clampdown

Reading Time: 2 minutes Nexo and Celsius have been forced to deny that they received cease-and-desist letters from the NYAG The Attorney General sent letters to five DeFi companies, demanding information from three and that two stop serving New York The cease-and-desist...

Oct 19 2021

DeFi Platforms Targeted by New York Attorney General

Reading Time: 2 minutes New York Attorney General Laetitia Adams has begun targeting the DeFi sector Adams has taken steps to stop five DeFi lending platforms from operating in the New York area Such action will only increase a move towards DAO-based systems...

Oct 11 2021

U.S. Navy Engineer Sold Submarine Secrets for $100,000 in XMR

Reading Time: 2 minutes A nuclear engineer with the U.S. Navy allegedly sold military secrets for over $100,000 in XMR Jonathan Toebbe and his wife Diana thought they were selling the info to a foreign power but it was undercover FBI officials XMR was the chosen payment...

Oct 08 2021

Federal Reserve: Digital Currencies “Pose a Challenge” to Dollar

Reading Time: 2 minutes The Federal Reserve has warned that the EU, China and digital currencies “pose a threat” to the dominance of the U.S. dollar The Fed says that the dollar is safe in the short to medium term, but long term it could be in trouble Other notable...

Oct 06 2021

Six New Crypto Billionaires Join Forbes 2021 List Of 400 Richest People In America

Forbes 400 rich list for 2021 welcomes six new cryptocurrency billionaires. These names are all prominent in the crypto industry. These six people have joined a Ripple co-founder who appeared on the list last year. In total, there are now seven names on the list who are crypto billionaires. This is the first time seven billionaires who built their fortune in cryptocurrencies make...

Oct 04 2021

Biden Administration Gets Even Tougher on Crypto

Reading Time: 2 minutes The Biden administration is no fan of cryptocurrencies, and worse could be to come The Wall Street Journal reported that the Biden administration could hit stablecoin issuers with bank-like regulations The administration is also convening a...

Oct 01 2021

Infrastructure Bill in the Balance as Democrats Delay Vote

Reading Time: 2 minutes The Infrastructure Bill which threatens to decimate the crypto industry in the U.S. could be in trouble The bill is part of a $6 trillion package that would define Joe Biden’s presidency Some Democrats are holding out and demanding assurances...

Jerome Powell: “No Intention to Ban Cryptocurrencies”

Reading Time: 2 minutes Jerome Powell has said that the Federal Reserve has no plans to ban cryptocurrencies Powell told the House Financial Services Committee that the U.S. would not follow China’s lead This many be because trying to ban cryptocurrencies in the U.S....

Sep 29 2021

Kraken Fined $1.25 Million For Illegal Margin Trading Options

Reading Time: 2 minutes Kraken has been fined $1.25 million for offering margin trading options to U.S. users Kraken accepted the fine without admitting guilt Enforcement action had been predicted to hit around this time OG...

Sep 28 2021

Virgil Griffith Pleads Guilty to Sanctions Violations

Reading Time: 2 minutes Virgil Griffith has pleaded guilty to aiding an enemy of the state on the day his trial was due to start Griffith took a plea deal which will see his sentence vastly reduced Griffith attended a blockchain conference in North Korea in 2019 in...

Sep 24 2021

SEC/CFTC Enforcement Action Anticipated Within a Week

Reading Time: 2 minutes Prominent crypto lawyer Jake Chervinsky has warned over SEC/CFTC action next week Chervinsky says the agencies typically take action when their fiscal year ends on September 30 Tether and Binance could be among the targets this time round...

Sep 23 2021

Suex Exchange Sanctioned by OFAC

Reading Time: 2 minutes Cryptocurrency exchange Suex has been added to OFAC’s list of sanctioned entities OFAC claims that Suex helped launder money for Russian hackers, most notably those from recent ransomware attacks Suex...

Sep 20 2021

Celsius Next in Regulators’ Sights

Reading Time: 2 minutes Celsius Network has become the latest DeFi lending platform to feel the force of regulators Celsius has been targeted in the same way as BlockFi, with Texas, New Jersey, and Alabama going after it The lender will have to prove how it doesn’t sell...

Sep 15 2021

Elizabeth Warren Criticizes Ethereum Fees

Reading Time: 2 minutes Senator Elizabeth Warren has criticized the crypto industry for not protecting new and less wealthy users Warren cited examples of three-figure Ethereum transaction fees and exchanges going down at crucial times Such issues have plagued the...

Sep 14 2021

Cryptocurrency Traders Hit With ‘Wash-Sale’ Proposal

Reading Time: 2 minutes Cryptocurrency traders could be banned from offsetting some capital losses against their gains thanks to a proposal from House Democrats Lawmakers want to change the ‘wash-sale’ rule so that traders cannot buy an asset back within 30 days of a losing sale...

Gensler Renews Call for Crypto Firms to Enter Dialogue With SEC

Reading Time: 2 minutes SEC chair Gary Gensler has renewed his call for crypto companies to “come in and talk to us” Coinbase said last week that it had tried this, only to get nothing but aggression Gensler said the SEC is working on an inter-agency framework for...

Sep 13 2021

Rivetz President/CEO Sued Over $18 Million ICO

Sep 13 2021 Published at FullyCrypto under tags  america crime cryptocurrency ico ico news

Reading Time: 2 minutes The president and CEO of Rivetz has been sued by the SEC over its 2017 ICO The SEC alleges that Rivetz conducted an illegal ICO, with the Steven Sprague using the money to buy property Rivetz is the latest 2017/18 ICO to find that the SEC is not...

Sep 10 2021

Ghaleb Alaumary Gets 11-year Sentence For Money Laundering

Sep 10 2021 Published at FullyCrypto under tags  america crime cryptocurrency news hack

Reading Time: 2 minutes Ghaleb Alaumary has been sentenced to 11 years in prison in the U.S. on money laundering charges The Canadian laundered money for North Korean crypto hackers and scammers Alaumary also helped launder money stolen from international banks,...

Sep 03 2021

IRS Catches Drug Dealer in Bitcoin Sale Sting

Sep 03 2021 Published at FullyCrypto under tags  america bitcoin bitcoin news crime

Reading Time: 2 minutes The IRS has arrested a suspected dark web drug merchant through a sting operation An IRS agent posed as Mr. Coins and swapped $180,000 in cash for XMR and BTC over nine months The suspect admitted in...

Sep 02 2021

BitConnect Founder Hit With SEC Charge Over $2 Billion Scam

Sep 02 2021 Published at FullyCrypto under tags  america crime cryptocurrency news scam sec

Reading Time: 2 minutes BitConnect founder Satish Kumbhani has been charged with defrauding investors through the scheme BitConnect took in over $2 billion in user funds between 2016 and 2018 but collapsed in 2018 It was...

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