Tag Archives: United States

The US Securities and Exchange Commission (SEC) has accused two former CEOs of collapsed California-based tech company Bitwise Industries, of alleged misrepresentation and fraud, which they used to raise funds from unsuspecting investors. The defunct company is not associated with the major crypto asset manager, Bitwise, even though both entities bear identical names. Former Bitwise Industries Founders Charged With Fraud In a press release published on Nov. 9, 2023, the...

In a move aimed at preserving the autonomy of cryptocurrency users and safeguarding their ability to self-custody digital assets, U.S. Senator Ted Budd (R-NC) has introduced the Keep Your Coins Act. This legislative proposal, which came after last year’s FTX exchange collapse, seeks to protect individuals’ rights to conduct cryptocurrency transactions without relying on third-party intermediaries. Senator Ted Budd’s Keep Your Coins Act U.S. Senator Ted Budd announced on...

The founders behind the once multi-billion dollar cryptocurrency, SafeMoon (SFM), have been charged with multiple counts of fraud and conspiracy by U.S. government, with accompanying charges from the Securities and Exchange Commission (SEC). On Wednesday, founders Braden John Karony (aka “CPT_HODL_T_MUN”) and Thomas Smith (aka “papa”) were arrested in Provo, Utah and Bethlehem, New Hampshire, respectively. The third defendant, Kyle Nagy (aka “SafemoonDev”) remains at large....

The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up 76.9% of North America’s crypto transaction volume, and activity is split between centralized exchanges and DeFi, it...

In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share the same belief in the potential of blockchain technology. Younger Generations Attraction...

U.S. Deputy Treasury Secretary Wally Adeyemo confirmed in a speech on Friday that crypto plays a relevant, but still relatively minor role in global terrorist financing operations. His comments bear a stark contrast to claims from a massive lineup of congresspeople earlier this month, asserting that crypto is responsible for over $130 million in Hamas terrorist funding. The Reality of Terror Financing During his remarks about terrorist groups, sanctions, and illicit finance,...

TL;DR Jeremy Hogan sees a declining probability of the SEC winning against Ripple after key executives were cleared from charges. Hogan hints the SEC might drag the lawsuit to 2026, but with a minimal victory chance. ChatGPT anticipates a surge in XRP’s price with a possible peak at $10 if Ripple prevails. The SEC Seems Doomed to Lose The popular US lawyer and Partner at Hogan & Hogan – Jeremy Hogan – pinpointed a few possibilities that might occur before the final...

A medical doctor pleaded guilty to using the dark web in a murder-for-hire plot against his girlfriend. The individual paid a total of over $25,000 worth of bitcoin to carry out the murderous plot, which was averted by authorities. $25,200 in Bitcoin for a Murder Plot According to a press release by the US Department of Justice (DOJ), James Wan, a 54-year-old medical doctor from Georgia, tried to employ the services of a hitman through the dark web marketplace to have his...

The United States Commodity Futures Trading Commission (CFTC) filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, alleging that the ex-chief committed fraud and failed to register the bankrupt crypto lender with the agency. In a related development, another US regulatory body, the Federal Trade Commission (FTC), announced that it reached a settlement with Voyager Digital. CFTC’s Charges Against Stephen Ehrlich The CFTC announced the lawsuit in a press...

TL;DR US crypto exchange Uphold is offering 10,000 XRP (about $5,000) to a user who conducts $20 in eligible trades this October. Uphold had previously introduced a 4% XRP cashback for UK customers. XRP’s future bull run could be influenced by factors like adoption and the Ripple vs. SEC lawsuit outcome. Uphold’s XRP Distribution The US-based cryptocurrency exchange – Uphold – announced it will send 10,000 XRP to one of its users this month. Clients must conduct at least $20...