Tag: Report

US border patrol continues to seize Bitcoin mining equipment: report

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U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed by Blockspace and sources familiar with the matter, the agency has expanded its detainment efforts to include MicroBT and Canaan units. The latest seizures escalate CBP’s previous actions against Antminer S21 and T21 units, which were reportedly detained due to AI chips from trade-restricted supplier Sophgo. Now, the agency is…

Bitcoin miners in US face disruptions over trade war with China: report

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U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments from Bitmain, the top supplier of Bitcoin (BTC) mining rigs. Beijing-based Bitmain dominates the market for specialized mining rigs, but its deliveries to U.S. clients have been slowed down by increased scrutiny, Bloomberg reports, citing industry executives who have noticed more frequent inspections. “U.S. Customs has started randomly inspecting almost…

President Trump Does Prisoner Swap With Russia, Freeing Crypto Exchange Owner With American Teacher: Report

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President Donald Trump has reportedly traded prisoners with Russia, freeing the former owner of a crypto exchange for American teacher Marc Fogel. According to a new report by The New York Post, anonymous White House officials say Trump has swapped Russian prisoner Alexander Vinnik – who was convicted of money laundering through the crypto exchange BTC-e, which he founded in 2011 – for Fogel. Vinnik, a computer scientist, was convicted in 2020 by a French court for laundering money and sentenced to five years in prison. He also pleaded guilty…

Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report

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A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a lawsuit that alleges the firm illegally sold securities in the form of digital assets to customers without being registered as a broker-dealer. Engelmayer says that Coinbase’s claim was invalid because it never passed title to…

Receipts Depositary explores XRP-backed securities: report

Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CryptoX. The move will allow institutions to access XRP through U.S.-regulated market infrastructure. RDC has not responded to crypto.news’ request for comment. The news comes about a year after RDC announced the launch of the first-ever Bitcoin depositary receipt (BTC DR), bringing institutional-grade Bitcoin ownership into the regulated U.S. securities ecosystem. Modeled after American Depositary Receipts (ADRs), BTC DRs allow qualified institutional buyers, or QIBs, to hold and trade Bitcoin using the…

Bitcoin Taps $100,000 But Fails To Hold Amid Mixed US Jobs Report

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Este artículo también está disponible en español. The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level.  Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200 to a high of $100,110 after the US reported lower-than-expected job growth for January. According to the data, the US added 143,000 jobs last month, falling short of the projected 170,000. For comparison, December 2024 saw…

Report: Japan’s FSA Compels Apple to Act on Unregistered Exchanges as Google Delays

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Nikkei, Japan’s daily business newspaper, reports that it was learned on Feb. 7 that the country’s Financial Services Agency (FSA) has engaged Apple and Google, urging them to remove unregistered crypto exchanges from their respective app stores. Japan’s FSA Directs App Stores to Expunge Unauthorized Crypto Platforms On Friday, it was reported that the FSA […] Source

US-Based Crypto Exchange Gemini Considering IPO Launch Later This Year: Report

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US-based crypto exchange platform Gemini is reportedly mulling over pursuing an initial public offering (IPO) in 2025. According to a new report by Bloomberg, anonymous people familiar with the matter say the billionaire Winklevoss twins’ crypto firm is considering launching an IPO sometime this year. An IPO is when a company sells shares of its own stock to the public for the first time as a means of raising funds. Though the talks are still ongoing, no firm decisions have been made on the matter, the people said, according to…

SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions. Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some were assigned to other departments within the agency. The crypto enforcement unit was created during the first Trump administration but it nearly doubled its size in 2022 under previous SEC chair Gary Gensler, who initiated…