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Tag Archives: United States

Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs

Hong Kong regulators recently approved spot Bitcoin and Ethereum exchange-traded fund applications, but Bloomberg ETF analyst Eric Balchunas predicts that the local ETF market may not perform as well as the US due to the current lack of big players and the possibility of high fees. According to Balchunas, the Hong Kong Bitcoin and Ether ETF market may generate $500 million in inflows, which is small compared to the over $15 billion from BlackRock’s spot Bitcoin ETF product...

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Google Sues 2 Individuals for Alleged Crypto Investment Fraud Using its Play Store

American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google Play, which they used to defraud unsuspecting victims. Despite the company’s previous attempts to take down fraudulent apps from its Play Store, the alleged scammers found a way to upload more of such bogus apps, with Google stating that their fraud scheme affected around 100,000 users. Victims Promised...

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U.S. Government Moves To Sell More Bitcoin Tied To Silk Road

The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the government to sell its coins. Shortly afterwards, the government’s wallet transferred 1999 BTC to Coinbase Prime, worth...

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Bitcoin Halving Sparks Migration of US Mining Equipment to Low-Cost Power Countries: Report

As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a Bloomberg report, approximately 6,000 aging Bitcoin mining machines are set to be decommissioned in the U.S., with...

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Ripple (XRP) Embraced by This US-Based Crypto Exchange: Details

TL;DR XRP sees modest growth but remains a topic of interest, with expectations of a potential rally and increased adoption by exchanges. Other trading venues that have already embraced the asset include Gemini, Coinbase, Kraken, and many more. Despite its brief price surge last week, Ripple’s XRP is still trailing behind the leading cryptocurrencies. It is currently hovering at the $0.60 mark (per CoinGecko’s data), a 9% increase on a monthly scale. However, it remains a...

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Bitcoin Fog Operator Declared Guilty of Money Laundering, Faces Up to 50 Years in Prison

Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge regarding money laundering. The founder of Bitcoin Fog faces up to a maximum of 50 years in prison for all his charges. Sterlingov Convicted According to a press release on March 12, the jury declared Roman Sterlingov guilty of money laundering conspiracy and sting money laundering. The 35-year-old...

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Bitcoin Will Save The World When The U.S. Government Steals Our Money, Predicts Balaji

The U.S. government will likely seize citizens’ assets in an impending fiscal collapse – but Bitcoin will save the day when it happens, according to ex-Coinbase CTO Balaji Srinivasan. The tech entrepreneur and Bitcoin bull, who forfeited $1.5 million in a high-profile bet on Bitcoin’s price last year, is again raising concerns about the United States’ seismic national debt and fiscal deficit, which could force the state to take drastic measures to stay solvent. Why The...

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Crypto Investment Fraud Spiked 53% in 2023: FBI

The Federal Bureau of Investigation (FBI) has revealed that losses incurred from cryptocurrency investment fraud incidents increased from $2.57 billion in 2022 to $3.94 billion in 2023, representing a 53% increase year-over-year. According to the FBI’s Internet Crime Report 2023, criminals found more ways to scam victims, enticing their targets with promises of lucrative returns on their investments. Crypto Investment Fraud Increased in 2023 The FBI’s Internet Crime Complaint...

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US Government to Fight Do Kwon’s Extradition to South Korea: Report

The United States government is set to continue its fight for the extradition of Terraform Labs co-founder Do Kwon to the country after a Montenegrin court ordered the deportation of the crypto mogul to his home nation, South Korea. According to a Bloomberg report, prosecutors in the U.S. are hellbent on making Kwon face charges for his role in the $40 billion collapse of the TerraLuna ecosystem in May 2022. “The United States continues to seek Kwon’s extradition in...

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Pro-Ripple (XRP) Lawyer Running for US Senate Receives Support From Cardano’s Founder

TL;DR Elizabeth Warren, known for her critical stance on cryptocurrencies, is challenged by pro-crypto attorney John Deaton in Massachusetts’ 2024 Senate race. Deaton’s campaign was backed by Charles Hoskinson – founder of Cardano and a well-known name in the digital asset industry. Rooting for the Crypto Guy 2024 is an election year in the United States, with the country choosing its next President and Senators. One particular battle – that of the state of Massachusetts –...

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