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Tag Archives: United States

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As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway.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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Do Kwon’s Extradition to the US Revoked Following Appeal

Terraform Labs co-founder Do Kwon may not be leaving for the United States any time soon after the Appellate Court of Montenegro overturned a previous decision by a lower court to extradite the former crypto exec to the US. Do Kwon is facing fraud and other criminal charges in the United States following Terra’s collapse that caused investors billions of dollars in losses, while prosecutors in his native country, South Korea, are also seeking his extradition. On March 5,...

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Gemini Settles With New York DFS, Commits to Return $1.1 Billion to Earn Customers

Crypto exchange Gemini has agreed to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini, led by Tyler and Cameron Winklevoss, is also facing legal issues from the US Securities and Exchange Commission (SEC) and the New York Attorney General’s office. Gemini’s Settlement With the NYDFS In a press release on Feb. 28, the New York Department of Financial Services (NYDFS) announced its...

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Funny Trump-Related Meme Coin MAGA Charts New All-Time High: Details

TL;DR MAGA (TRUMP) coin hits an all-time high, whereas some leading cryptocurrencies show minor losses. The asset could be associated to Donald Trump who recently softened his stance on cryptocurrencies ahead of the US presidential elections. The prices of most leading cryptocurrencies (in terms of market capitalization) have experienced minor losses or have been trading sideways in the past few days. Bitcoin (BTC) is down less than 1% on a 24-hour scale, whereas Solana...

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