Tag: U.S.

U.S. authorities seized $31 million in cryptocurrency-related to the April 2021 hack of Uranium Finance, a defunct DeFi platform. The operation involved the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations in San Diego, as confirmed in a post on X on February 24. ...

Utah is on the verge of making history as the first U.S. state to hold Bitcoin as a reserve asset. The state’s proposed “Blockchain and Digital Innovation Amendments” (HB230) bill successfully passed the Senate Revenue and Taxation Committee on February 20, advancing through a 4-2-1 vote. The bill now moves ...

In a coordinated international effort, the United States, the United Kingdom, and Australia have imposed sanctions on Russia-based hosting provider Zservers and its UK-based affiliate, XHOST Internet Solutions LP, for allegedly facilitating cybercrime.  The sanctions, announced on February 11 by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), Australia’s ...

A U.S. judge has ruled that Coinbase must face a class action lawsuit brought by some of its customers in New York over illegally selling unregistered securities. According to a Reuters report, on February 7, U.S. District Judge Paul Engelmayer dismissed Coinbase's argument that it does not qualify as a ...

Federal prosecutors in the United States have charged Andean Medjedovic, a Canadian national and University of Waterloo graduate, with orchestrating attacks on two DeFi protocols that resulted in millions of dollars in losses. The Justice Department indicted Medjedovic on February 3 for wire fraud, computer hacking, attempted extortion, and money ...

Steve Kurz, Global Head of Asset Management at Galaxy Digital, has painted an optimistic picture for Bitcoin and the broader cryptocurrency market, declaring that the U.S. government’s crackdown on crypto is “officially over.”  On CNBC’s Fast Money, Kurz discussed the growing institutional interest in crypto and its evolving regulatory environment ...

Self-custodial cryptocurrency wallet provider Tangem has been granted a United States patent for its innovative private key backup technology to enhance security and usability for crypto users. The United States Patent and Trademark Office (USPTO) issued the patent on January 28, covering Tangem’s proprietary method for transferring private keys via ...

In a now deleted X post, Omni Network co-founder Austin King advocated for including XRP in a potential U.S. crypto reserve, arguing that a reserve limited to Bitcoin would have narrower functionality. His argument focused on XRP's transaction speed, low fees and potential use in payments and financial infrastructure. King ...

KuCoin has admitted to violating U.S. anti-money laundering and KYC regulations, pleading guilty to running an unlicensed money-transmitting business. The company has been fined $297 million and must suspend its U.S. operations for at least two years. In an official statement from the U.S. Attorney’s Office for the Southern District ...

Some prominent crypto influencers are under fire after amplifying what was revealed to be a fraudulent XRP wallet allegedly linked to the U.S. Treasury. The scam gained widespread attention on X before being debunked through on-chain analysis. Data from XRPSCAN, the default blockchain explorer for XRPL, revealed that the wallet ...