Tag: united-states

Aug 01 2022

US SEC Charges 4 Co-founders, 7 Others in $300M Crypto Pyramid Scheme

The United States Securities and Exchange Commission (SEC) has charged 11 individuals before the United States District Court in the Northern District of Illinois for alleged fraud.Four of these 11 individuals were the co- founders of Forsage, a project the SEC described as a “fraudulent crypto pyramid and ponzi...

Jul 27 2022

Kraken Facing Investigation for Violating US Sanctions

Cryptocurrency exchange Kraken is under a federal investigation in the United States for suspected violation of the country’s sanctions rule, according to The New York Times report. Though officially not confirmed, the report cited five anonymous Kraken affiliates who revealed that the Treasury Department’s Office of Foreign Assets Control (OFAC) in investigating the exchange since 2019 and is expected to impose a monetary...

Jul 26 2022

Titanium Blockchain CEO Pleads Guilty to $21 Million ICO Scam

The US Department of Justice announced on Monday that Michael Alan Stollery, the CEO and Founder of the $21 million initial coin offering (ICO) scam of Titanium Blockchain Infrastructure Services pled guilty to his crime. He pled guilty to one count of securities fraud and is now facing jail time of up to 20 years. His sentencing has been scheduled for November 18...

Jul 21 2022

Coinbase’s Deal Count Slumps 34% QoQ but Rises 68% YoY in Q2

Coinbase Ventures (CBV), the investment arm of cryptocurrency exchange, Coinbase, recorded a 34% decrease in its total deal count in the second quarter of 2022. The total deal count dropped from 71 deals in the first quarter of this year to 47 deals at the end of June.Despite the dip, however, CBV said its posting in the just-ended quarter represents a 68%...

Jun 20 2022

ProShares to Unveil First US Short Bitcoin-Linked ETF

ProShares, an issuer of exchange-traded funds (ETFs), says it will launch the first US short Bitcoin-linked ETF (BITI) on Tuesday. The planned unveiling of BITI comes eight months after the ETF provider launched the first US Bitcoin-linked ETF in October 2021. ProShares similarly launched the first Bitcoin-linked mutual fund (BTCFX) in July last year. The ETF provider explained that BITI...

May 06 2022

Mining Capital Coin CEO Indicted for $62 Million Crypto Scam

The US Department of Justice announced on Friday that the CEO of Mining Capital Coin, dubbed ‘MCC,’ a crypto mining and investment platform, has been charged for allegedly orchestrating a $62 milli...

US Accuses North Korea of Cyber Fraud, Sanctions Crypto Mixer Blender

The United States has accused North Korea of using virtual currency mixer, Blender.io, to support its “malicious cyber activities and money-laundering of stolen virtual currency.

May 05 2022

GEM's Bitcoin Production Falls in April despite Increase in Active Miner Fleet

GEM Mining, a United States institutional-grade Bitcoin (BTC) mining company, saw a 3.2% fall in its BTC mining production in April despite increasing its active miner fleet by 1%.

Apr 22 2022

Currency.com Enters United States to Offer Crypto Trading Services

Only a week after Currency.com pulled out of Russia, the cryptocurrency exchange platform announced the launch of its services in the United States.

Apr 19 2022

US Warns against North Korea-Sponsored Threats on Crypto Platforms

Multiple United States agencies have raised a joint alarm against the risks of cyberattacks on cryptocurrency platforms by North Korean state-sponsored hackers.

Apr 15 2022

Circle Will Apply for US Bank Charter Soon, CEO Confirms

Circle, the issuer of the second-largest USD-pegged stablecoin, is inching closer to applying for a United States banking charter, Chief Executive Officer Jeremy Allaire revealed in a recent interv...

Apr 06 2022

US, Germany Sanction Russian Darknet Marketplace Hydra, Seize Bitcoins

The authorities in the United States and Germany have imposed sanctions on Russia-based Hydra Market (Hydra), which has been labeled as the world’s largest and most prominent darknet market.

Mar 30 2022

Several US State Regulators Crack Down on Voyager Digital

Canada-listed Voyager Digital (TSX: VOYG) confirmed on Wednesday that several state regulators in the United States are scrutinizing its services for offering interest-bearing cryptocurrency accounts.

Mar 25 2022

TradeStation Launches Its Crypto Offering in Puerto Rico

American online broker TradeStation announced on Thursday that residents from Puerto Rico are now eligible to apply for crypto accounts on the platform.

Mar 15 2022

Crypto.com Kicks Off Exchange Platform Rollout in the US

On Tuesday, Crypto.com, one of the fastest-growing cryptocurrency and financial services platforms, announced that it began the initial phase of its platform’s launch in the United States.

Mar 11 2022

Binance.US Obtains Wyoming Money Transmitter License

Binance.US, a United States-based digital asset marketplace, announced on Friday that it had received a Money Transmitter License from the Wyoming Division of Banking.

Mar 10 2022

‘Ransomware’ Charges Brought against Canadian Man in the US

The US Department of Justice announced on Thursday that a Canadian man was extradited to the United States to face charges for dozens of ransomware attacks, resulting in the payment of tens of mill...

Mar 09 2022

Bitcoin Skyrockets after Biden Signs Executive Order on Cryptos

Bitcoin (BTC) took bids on Wednesday following US President Joe Biden’s signature of an executive order that requires government agencies to analyze the risks and benefits of creating a central ban...

BitMEX Co-founder Pleads Guilty to US Bank Secrecy Act Violations

Samuel Reed, one of the three co-founders of the cryptocurrency derivatives exchange BitMEX, has pled guilty to bank secrecy act violations, specifically for violating the Bank Secrecy Act (BSA), b...

Treasury Will Assess Crypto Risks under Biden’s Executive Order: Janet Yellen

The US Treasury Secretary Janet Yellen released a statement on late Tuesday, which was later archived by her department, laying out the plans of how her department would implement the upcoming exec...

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