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US Senator Elizabeth Warren Comments Digital Assets Are Used to Evade Economic Sanctions
23.1.2024
U.S. Senator Elizabeth Warren criticized the illegal use of cryptocurrency assets by bad actors. Commenting on a report issued by the U.S. Government Accountability Office (GAO), Warren declared that “rogue nations are using crypto to dodge sanctions and undermine our national...
Coinbase’s CLO Criticizes U.S. GAO for Lack of Analysis on Crypto Sanctions Risk
22.1.2024
Coinbase‘s chief legal officer Paul Grewal has criticized the United States Government Accountability Office (GAO) following its recent report describing crypto as a tool for foreign entities to evade sanctions. In a series of posts on X (formerly Twitter), the Coinbase executive expressed...
Revealed: Key Recommendations from US GAO to SEC on Spot Bitcoin ETF
17.1.2024
Source: AdobeStock The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape. While the market sentiment has been predominantly positive, a recent revelation shows that the US Government Accountability Office (GAO) had a...
FBI Arrests Trio of Crypto Criminals, Over $10 Million Stolen from NYC Banks
16.11.2023
Three men have been arrested for an elaborate conspiracy that drained $10 million from banks across the New York City metropolitan area, United States Attorney for the Southern District of New York, Damian Williams, announced today. “For years, Zhong Shi Gao, Naifeng Xu, and Fei Jiang allegedly...
Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule
1.11.2023
The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities...
GAO finds controversial SEC guidance is subject to congressional oversight
31.10.2023
The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
31.10.2023
The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors' ability to find safe harbors...
Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office
25.7.2023
Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
24.7.2023
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together
US GAO explores blockchain for SBA’s small business programs oversight
12.7.2023
the GAO highlighted blockchain’s ability to streamline and improve annual reporting, facilitating safe loans and monitoring business development progress among others
GAO cites exposure to digital assets in exploring collapse of Signature Bank
11.5.2023
Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse
3.5.2023
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the possible repercussions this new failure might have on U.S. and international economies. While United States President Joe Biden has assured the public that the banking system remains...
Resident Evil 4 Remake Is Getting Review Bombed For The Worst Reasons
3.4.2023
The Resident Evil 4 remake isn’t a one-to-one clone—it’s a sharper copy, with gameplay tweaks, dialogue changes, and new voice actors, including Resident Evil: Welcome to Raccoon City actress Lily Gao reprising her role as red dress assassin Ada Wong. Read more
Smazala svůj Instagram kvůli kritice za výkon v Resident Evilu 4
3.4.2023
Kanadská herečka čínského původu Lily Gao se stala terčem kritiky části fanoušků kvůli svému výkonu v remaku hororu Resident Evil 4
Rep. Torres asks US GAO to investigate SEC ‘failure’ to protect public against FTX
7.12.2022
Torres is a crypto supporter who has questioned the performance of the SEC before; he has written new legislation on crypto companies’ proof of reserves and comingling of funds
Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum
30.6.2022
On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82...
US House Ways and Means chairman asks the GAO to check out crypto in retirement plans
15.6.2022
It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government
The Latest Sims 4 Update Tries To Reckon With Its History Of Whitewashing
31.5.2022
A popular Sims 4 NPC family is at the center of a minor fan debate after getting an unexpected makeover, raising questions about The Sims’ complicated history of Eurocentric character design.Read more
Meet the Antminer S19 XP — Bitmain Reveals ASIC Manufacturer’s Most Powerful Bitcoin Miner
12.11.2021
At the World Digital Mining Summit in Dubai, the leading application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer, Bitmain, revealed the company’s most powerful bitcoin mining device to date. The new Antminer S19 XP will boast up to 140 terahash per second (TH/s)...