UK Watchdog Takes Aim at Social Media Crypto Promotions Including Memes

The FCA noted a growing popularity of cryptocurrencies and investment products being marketed online. A new proposal aims to modernize existing guidelines for financial promotions. The social media rules are aimed at platforms like YouTube, Instagram, Threads, Discord, and Twitter. дальше »

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Ripple ruling is likely to be appealed and overturned, ex-SEC official says

The Ripple case ruling is “ripe for appeal” and likely to be overturned, John Reed Stark, former chief of internet enforcement at the SEC, noted in a LinkedIn post on July 14. The court decision, which Cameron Winklevoss hailed as a watershed moment, “resides on shaky ground,” Stark wrote. дальше »

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The End Of Money? BlackRock CEO Claims Crypto Will Surpass Traditional Currencies Worldwide

In an interview with CNBC, BlackRock CEO Larry Fink discussed the potential of crypto as an international asset that can transcend the value of traditional currencies. Fink noted the recent depreciation of the US dollar and the appreciation of the digital asset industry over the past five years, pointing to the broad-based and worldwide interest […] дальше »

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European Banking Authority urges stablecoin issuers to comply with upcoming MiCA regulation

The European Banking Authority (EBA) has advised stablecoin issuers to prepare for the forthcoming Markets in Crypto-Assets (MiCA) regulation, which is scheduled to be implemented next year, as noted in a statement released on July 12. дальше »

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BIS unveils 7-step security framework for blockchain-based CBDCs

The Bank for International Settlements (BIS) introduced a security framework on July 7 to help central banks develop secure digital currencies. BIS noted that central bank digital currencies (CBDCs) will become “critical national infrastructure” in the future. дальше »

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Small-scale Bitcoin holders aggressively stacking Sats

Quick Take CheckMate, a noted analyst from Glassnode, recently shed light on the fascinating behavior of Bitcoin ‘shrimps. ’ These small-scale holders, each with less than one Bitcoin in their portfolio, are aggressively accumulating satoshis. дальше »

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New Zealand central bank calls for ‘increased vigilance’ for crypto not regulation

The Reserve Bank of New Zealand (RBNZ) is increasing its monitoring of cryptocurrencies and stablecoins, the country’s central bank said on June 30. Ian Woolford, Director of Money and Cash at RBNZ, noted in the statement, “… a regulatory approach isn’t needed right now, but increased vigilance is. дальше »

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Crypto Investment Inflows Reach One-Year High, Reveals CoinShares

Crypto investment products are once again proving their market allure, with inflows hitting their highest level since July 2022. European asset management firm, CoinShares, noted an influx of $199 million just last week, signaling revived interest from investors in the crypto space. дальше »

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Hut 8 secures $50 million credit facility from Coinbase

Hut 8 will have the option to draw $20 million and $15 million after the first tranche. The $50 million loan facility will mature one year after the first borrowing, and bear interest. CEO Jaime Leverton noted in a statement that the funds will give Hut 8 financial flexibility ahead of Bitcoin’s halving. дальше »

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Filecoin’s FVM traction accelerates as DeFi TVL soars to record

Filecoin Virtual Machine (FVM) is gaining traction among developers a few months after it was unveiled. In a statement, the developers noted that the ecosystem had seen its DeFi ecosystem and the number of smart contracts jump. дальше »

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Ethereum Devs Kick Against Uniswap’s V4 Open Source “Failed” Promise

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Crypto payments platform Wyre shutters, citing bear market conditions

Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets. дальше »

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Meta unveils speech generation AI: Voicebox

Meta, the parent company of Facebook and Instagram, announced a speech-generation AI model called Voicebox on June 16. The company said Voicebox could generate speech from text and noted that the model could match an audio style based on a sample just two seconds long. дальше »

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MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve

The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted. дальше »

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Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins

The combined market capitalization of BTC, ETH and stablecoins reached the highest since February 2021, digital asset research firm K33 Research noted. дальше »

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Jack Dorsey Faces Fierce Backlash After Calling Ether A Security

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SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't sued

“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.

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Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted. дальше »

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Bitcoin Is Becoming Greener At An Unexpected Pace, Good For BTC Price?

Bitcoin, the world’s most valuable cryptocurrency, is going green, and the pace at which the network has reduced its carbon emissions in the past three years has been noted by climate activists. Nonetheless, how this could impact BTC prices and attract technology firms like Tesla, the electric automobile manufacturer, is yet to be seen. дальше »

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Cleanspark fiscal year revenue crosses $100M amid expansion plans

Bitcoin (BTC) miner CleanSpark’s fiscal year-to-date revenue crossed $100 million in May as its BTC production exceeded expectations, according to a June 2 statement. CEO Zach Bradford noted that these milestones were achieved even though most of its expansion plans were expected later this year. дальше »

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Macy’s Shares Drop after Reporting Mixed Q1 2023 Earnings and Lowered Its Full-Year Outlook

Coinspeaker Macy’s Shares Drop after Reporting Mixed Q1 2023 Earnings and Lowered Its Full-Year Outlook Macy's noted that Nike will return to its stores, starting from October this year. дальше »

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XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculation

XRP is no stranger to volatility and the excitement it brings. However, when a prominent trader like DonAlt raises the possibility of the crypto reaching the elusive $1 mark, it piques the interest of investors and enthusiasts alike. дальше »

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Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples

RNDR has been a good high beta Nasdaq play in recent weeks, one portfolio manager noted. дальше »

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Arbitrum-based Jimbos Protocol hacked for $7.5M, JIMBO price drops 40%

The Jimbos Protocol team acknowledged the hack and said it had contacted law enforcement. Blockchain security platform PeckShield noted the attack followed a compromise on Jimbos liquidity conversion mechanism. дальше »

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Ethereum gets private on-chain voting tool through a16z’s ‘Cicada’

Andreessen Horowitz (a16z) announced a new private, on-chain voting tool for Ethereum developers called “Cicada. ” In a blog post, a16z developer Michael Zhu acknowledged existing on-chain voting features but noted that many of those systems are fully public and transparent. дальше »

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Bitfinex expands Latin America presence with investment in Chilean “crypto bank” OrionX

Bitfinex, a leading digital asset trading platform, has announced a new investment in Orionx, a top cryptocurrency exchange in Chile. A joint press release by the two firms noted that the investment is part of a broader effort to promote financial freedom and inclusion in Latin America. дальше »

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Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research

The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted. дальше »

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Billionaire Mark Cuban says SEC crypto attacks will be futile

According to reports, billionaire Mark Cuban recently noted that the ongoing attack on crypto tokens by SEC and the U.S. government would ultimately not work.  дальше »

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Ledger to delay controversial key recovery feature, CEO says

Ledger has decided to delay its recovery feature as it open-sources the code, CEO Pascal Gauthier said in a letter. The Ledger Recover feature won’t be rolled out until the open sourcing is complete, he noted. дальше »

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Ripple vs. SEC: Here’s why it could be “game over” for SEC in XRP case

SEC emails suggest XRP doesn’t satisfy all Howey factors, John Deaton notes. The lawyer says SEC staff noted “reasonable grounds” to believe that XRP is not a security. The SEC sued Ripple Labs and two of its executives for selling alleged unregistered securities in the form of XRP. дальше »

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Filecoin Foundation Lashes Out at SEC for Classifying FIL as Security

Coinspeaker Filecoin Foundation Lashes Out at SEC for Classifying FIL as Security Grayscale also noted that it doesn't believe that Filecoin is security and seeks to respond to the SEC staff with a legal basis for their position. дальше »

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Weekly DEX Volume on BNB Chain Hits Highest in a Year

Lower fees and Binance’s popularity are among the reasons noted by market analysts. дальше »

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DRC-20 tokens drive parabolic move in daily Dogecoin transactions

The number of Dogecoin transactions spiked higher thanks to the recent introduction of the DRC-20 token standard. Dogecoin transactions spike Using data compiled from bitinfocharts. com, Mishaboar noted that daily Dogecoin transactions had gone parabolic recently — peaking at around 630,000 on May 14. дальше »

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Is This The Perfect Time To Buy Bitcoin? TD Sequential And RSI Suggests So

Bitcoin (BTC) investors have been closely monitoring the cryptocurrency market in recent days due to Bitcoin’s significant drop in price. The market’s largest cryptocurrency has shown a downtrend in its price action and has lost its key support level at $27,200, which was previously noted by the 50-day moving average (MA). дальше »

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Crypto lender Nexo shuts down 2 UK-based subsidiaries

London-based crypto lender Nexo (NEXO) has shut down two of its subsidiaries located in the U. K. on May 11, Bloomberg News reported. The lender is also going under an investigation in Bulgaria for allegedly being involved in an organized crime scheme, the Bloomberg article noted. дальше »

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VC investments in European projects rise in Q1 2023

Venture capital investment into European crypto projects increased almost ten times in the past year, going from 5.9% in the first quarter of 2022 to 47.6% in Q1 of 2023. Circle Director of Research and Policy Patrick Hansen noted that this increase resulted from the region’s regulatory clarity following the European Union passage of the […] The post VC investments in European projects rise in Q1 2023 appeared first on CryptoSlate. дальше »

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New York lawmaker introduces bill to support stablecoin payment for bails

New York lawmaker Latrice Walker proposed a new bill that supports using fiat-collateralized stablecoins as an acceptable method for bail bond payments. Introduced on May 10, the New York Assembly Bill 7024 noted that the existing methods of paying bail bonds included cash, insurance bonds, and credit cards. дальше »

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Binance Launches Capital Connect for VIP Program Users

Coinspeaker Binance Launches Capital Connect for VIP Program Users Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts. дальше »

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Coinbase ex-manager gets 2-year sentence for insider trading

The U. S. authorities sentenced Coinbase‘s former Product Manager to two years in jail for insider trading, according to Reuters. On May 9, 2023, the prosecutors decided Ishan Wahi’s sentence for participating in a scheme that involved “massive abuse” of Coinbase’s trust, the Reuters article noted. дальше »

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Canada launches CBDC consultation

The Bank of Canada launched an online public consultation on Canada’s Central Bank Digital Currency (CBDC) on May 8, according to the bank’s official website. The consultation services are online and will remain open until June 19, 2023, as the announcement post noted. дальше »

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US to Ban Short-Selling, JP Morgan Says

JP Morgan analysts noted that U.S. regulators might temporarily ban short selling activities because of the banking crisis. The post US to Ban Short-Selling, JP Morgan Says appeared first on BeInCrypto. дальше »

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Binance [BNB]: Key metrics rise, but will slow price movement play spoilsport

BNB’s weekly transactions surpassed the 28 million mark. Growth in GameFi was noted, but market indicators were bearish on BNB. Last week, BNB Chain [BNB] witnessed a massive surge in its The post Binance [BNB]: Key metrics rise, but will slow price movement play spoilsport appeared first on AMBCrypto. дальше »

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Avalanche's [AVAX] Q1 performance was not the best; will Q2 be any different? 

Avalanche’s revenue denominated in AVAX steadily increased by more than 10% QoQ.  In Q2, a massive growth was noted in terms of the number of stakers. Messari published Avalanche’s [AVAThe post Avalanche's [AVAX] Q1 performance was not the best; will Q2 be any different?  appeared first on AMBCrypto. дальше »

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Bitcoin Falls Slightly After Fed Rate Hike

BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings. дальше »

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Litecoin creator Charlie Lee shares huge prediction for LTC price

Litecoin creator Charlie is bullish on the LTC price. In a Twitter thread on Tuesday, Lee said he sees the cryptocurrency as having lots of potential. He noted that Litecoin was fairly launched and has had over 11 years of zero downtime. дальше »

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Polygon [MATIC]: Will DeFi achievements be enough to save the token from bears? 

MATIC’s fees and revenue increased over the last few weeks.  The token’s price declined by over 2% in the last 24 hours, and the downtrend might continue.  Polygon [MATIC] has noted a The post Polygon [MATIC]: Will DeFi achievements be enough to save the token from bears?  appeared first on AMBCrypto. дальше »

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US government holds $6B worth of Bitcoin: Glassnode data

The United States government is one of the most significant Bitcoin (BTC) holders in the world, holding 205,514 BTC — worth $6 billion — according to Glassnode data. Reflexivity Research co-founder Will Clemente noted that the U. дальше »

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FTX confirms plans to restart its Japanese exchange

Bankrupt crypto exchange FTX said it postponed the potential sale process of its Japanese subsidiary to explore its reopening. The bankrupt firm’s management noted that while many investors had signified interest in acquiring FTX Japan, it halted the sales plan to maximize its value to continue operating efficiently and profitably. дальше »

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H.C. Wainwright analyst initiates Buy rating for Coinbase (COIN)

Coinbase Global, Inc. (NASDAQ: COIN) has received a Buy Rating and $75 price target from H. C Wainwright analyst Mike Colonnese. Initiating coverage for the Coinbase stock, Colonnese noted that at current prices (the stock traded around $56 on Wednesday) COIN rewards outweigh risks. дальше »

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US Congress can use stablecoin bill to strengthen Dollar competitiveness: Circle CEO

Circle CEO Jeremy Allaire said the U. S. Congress shouldn’t miss the opportunity of using the stablecoin bill to strengthen the dollar’s competitiveness and safety. In an April 25 Twitter thread, Allaire noted that the earlier draft of the stablecoin bill included provisions that would strengthen the U. дальше »

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