Kamala Harris looks to ‘reset relations’ with crypto: report 

Kamala Harris’ campaign is reportedly seeking a “reset” with top U.S. cryptocurrency companies. According to a report from FT, members of Harris’ team have reached out to top crypto companies in the United States to request meetings. Sources told FT…

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Biden administration in talks to accept crypto donations as it becomes increasingly important voter issue

President Joe Biden’s re-election campaign is exploring the option of accepting cryptocurrency donations through Coinbase Commerce, The Block reported on June 12, citing sources familiar with the discussions.

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Report: ICE’s crypto marketplace Bakkt exploring sale

Crypto warehouse Bakkt is reportedly exploring a potential sale amid increased crypto-related takeover activity. Bakkt, a crypto custody and trading platform for institutional investors, appears to be evaluating a potential sale, Bloomberg has learned, citing sources familiar with the matter.…

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Crypto Watchlist: Top Potential Token Launches in June Including zkSync and Blast

Several notable projects are set to launch their much-awaited tokens in June according to rumors and confirmations from different sources. According to analyst The DeFi Investor, this month is going to be a big one, with zkSync and LayerZero tokens both confirmed to launch.

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Sources hint at Nancy Pelosi’s support for the FIT21 crypto bill

Nancy Pelosi, the former United States House of Representatives Speaker, could be backing the Financial Innovation and Technology for the 21st Century Act (FIT21), a Republican-led crypto bill. According to sources familiar with Pelosi’s approach, Pelosi could support the bill,…

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Nigeria poised to outlaw P2P crypto trading over national security concerns

Nigeria’s National Security Adviser (NSA) is set to label crypto trading as a national security threat, signaling an impending crackdown on peer-to-peer (P2P) crypto transactions, according to local media reports and CryptoSlate sources.

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Arkansas governor to reportedly sign two bills regulating crypto mining activities

Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state.

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Polygon Labs Paid $4M to Host Starbucks' Failed Foray Into Crypto: Sources

Polygon once hailed Starbucks

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Binance drops Nigerian naira from P2P platform amid forex manipulation concerns

Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized.

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Crypto Action in Senate Remains on Back Burner: Sources

Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would need to get it rolling, according to two sources familiar with the plans.

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MEXC reportedly cracks down on users from China with no KYC

Crypto exchange MEXC has reportedly initiated a crackdown on unverified users suspected to be from mainland China. According to Chinese blockchain journalist Colin Wu, citing sources within the local crypto community, MEXC has begun imposing restrictions on accounts of users…

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Key Reasons Why You Should Avoid Buying Crypto Hardware Wallets From Unofficial Sources

Even most reliable form of cryptocurrency protection can be compromised

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House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally

Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday.

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Crypto market jumps amid possible end to U.S. criminal probe of Binance

Crypto markets received support from news of a possible settlement of the Binance case with the U.S. Department of Justice. Sources familiar with the matter said talks between the U.S. Justice Department and Binance include the possibility that its founder…

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$1.58 Billion of Crypto Options to Expire Now, Here's What to Expect on Market

Options expiry is one of strongest sources of volatility for crypto market, and huge expiry is just around corner

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Crypto ETF trading now available for UBS clients in Hong Kong

Swiss financial services company UBS Group AG will now allow wealthy clients in Hong Kong to access three crypto exchange-traded funds (ETFs), joining its rival HSBC Holdings. According to Bloomberg, citing anonymous sources, UBS Group’s Hong clients can trade Samsung…

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3 unique ways hackers are stealing your crypto: Bitrace Report

Crypto investors claiming “my coins disappeared suddenly” have been found to recently download crypto applications from unverified sources.

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The crystal ball of crypto: data experts peer into the future

At a recent blockchain convention, crypto data leaders discussed how to leverage on-chain, exchange, and alternative data sources to gain insights into the market's path ahead.

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Is Binance About Dominating Hong Kong’s Crypto Scene? The Truth About HKVAEX

Binance, the world’s leading cryptocurrency exchange, has recently been facing some speculation concerning its potential association with a newly unveiled trading platform in Hong Kong. According to local news media South China Morning Post, citing sources familiar with the matter, Binance might be the force behind HKVAEX, a newly minted crypto trading platform in Hong Kong.  […]

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DYdX, Decentralized Crypto Exchange, Open Sources ‘V4’ Code for Upcoming Cosmos Chain

This marks the first step in initiation of the v4 upgrade, where the DEX is transitioning away from its layer-2 network atop Ethereum onto its own standalone blockchain.

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Top Analyst Says Now is ‘Not the Time to Buy Altcoins’ – Updates Bitcoin Outlook

According to crypto analyst Crypto Rover, now is not an ideal time to buy altcoins, with Bitcoin dominance on the rise. In a recent Twitter thread, Rover argued that with limited retail involvement and VC investment, most altcoins lack funding sources to fuel significant gains.

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This Crypto Exchange Recorded 160,000 Hacking Attempts, What’s Going On?

Criminal attacks have increased on crypto entities since 2020; data from Chainalysis and other sources points to billions of dollars lost to bad actors. In 2023, the trend has continued, with attacks on the nascent industry increasing in the past few months.

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Crypto Influencer Promoting JPEX Exchange Arrested In Hong Kong

Former lawyer and crypto influencer Joseph Lam has been apprehended by the Hong Kong Police for allegedly associating with troubled cryptocurrency exchange JPEX. A local media outlet reported, citing sources familiar with the case, that the police arrested Lam on Monday, September 18.

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Bitcoin miners seek alternative energy sources to cut costs

The next generation of crypto mining will focus on alternative energy sources for efficiency.

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Bitcoin Miners Lead In Clean Energy Adoption, Surpassing 50%

Bitcoin miners have ushered in a new era of sustainability, according to a crypto analyst, who recently revealed that more than half of the energy powering crypto mining operations now originates from renewable sources.

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Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust

A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.

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Banking Powerhouse HSBC Working With Crypto Custody Firm Fireblocks: Sources

Fireblocks, which specializes in cryptocurrency safekeeping technologies such as multi-party computation (MPC), already works with BNY Mellon and BNP Paribas.

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Vitalik Buterin introduces decentralized privacy pools for balancing crypto regulation and anonymity

A new research paper led by Ethereum creator Vitalik Buterin proposes “Privacy Pools,” a novel approach to balance privacy protections and regulatory compliance in cryptocurrencies. The paper outlines how Privacy Pools allows users to prove their crypto withdrawals do not originate from illicit sources without revealing their complete transaction histories.

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SEC Poised To Approve Ether Futures ETFs By October In Bullish Crypto Milestone

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Real reason for China’s war on crypto, 3AC judge’s embarrassing mistake: Asia Express

Sources reveal the real reason China is ramping up efforts to stamp out Bitcoin and crypto. And a year’s worth of 3AC court orders nixed.

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Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say

Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.

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U.S. Department of Justice weighing Binance criminal charges against risk of market panic: Report

Semafor reports today that U. S. Department of Justice (DOJ) officials are deliberating potential fraud charges against the cryptocurrency exchange giant, Binance, but have concerns over protecting American investors already participating in crypto markets, citing sources familiar with the matter.

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North Korean hackers exploited shared cloud service to rob crypto firms

North Korean state hackers exploited a cloud services provider called JumpCloud to steal funds from crypto companies that use its services, Reuters reported on July 20. Reuter’s confidential sources indicate that the North Korean state-backed hackers had a specific focus on cryptocurrency companies.

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Crypto VC Firm Polychain Capital Announces $200 Million In Funding – Details

According to reports, leading crypto venture capital firm Polychain Capital has secured $200 million in its fourth funding fund. Citing sources familiar with the matter, Fortune Crypto said the VC firm laid off three members of its research team while resetting its investing priorities.

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Binance recently laid off 1,000 employees: report

Binance is reported to have dismissed about 1,000 of its employees recently. The report cites sources close to the exchange and comes at a time Binance is battling regulatory pressure. The leading crypto exchange celebrated its 6th birthday on July 14.

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Recently Exploited Crypto Bridge Shuts, Says China Detained CEO and His Sister

Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."

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CFTC Investigators Conclude Celsius And Former CEO Violated Rules, Potential Case Looms

The Commodity Futures Trading Commission (CFTC) has concluded its investigation into bankrupt crypto lender Celsius and its former CEO, Alex Mashinsky, and found that they violated United States rules, according to sources familiar with the matter.

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Crypto.com Has Internal Teams to Trade Tokens for Profit: The Financial Times

Anonymous sources claim that Crypto.com has deployed its own internal teams who are trading for company's profit

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Taiwan’s second-largest telecoms company explores investments in local crypto firms

Taiwan Mobile, the second-largest telecom company in Taiwan, is reportedly exploring collaborations and investments in local crypto firms, according to a June 13 report from Bloomberg. Taiwan Mobile is engaged in preliminary discussions with crypto platforms for potential strategic partnerships, three unnamed sources told Bloomberg.

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Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.

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Unraveling the SEC’s Cryptic Silence: Why Did SEC Omit XRP from Binance Lawsuit

In a surprising turn of events, the Securities and Exchange Commission (SEC) has chosen not to designate XRP as a security token in the ongoing lawsuit against Binance. This omission has ignited a wave of speculation among legal sources and crypto enthusiasts, who are eager to uncover the reasons behind the SEC’s silence.

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Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund: Sources

Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain.

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United States Senators Lash Out At Signature’s Executives For Blaming Bank’s Collapse On Crypto After “Reckless” Management

As investigations into Silvergate Banks ramp up, discoveries alongside the blame game from different sources come to light. At a Senate Banking Committee hearing on May 16, Scott Shay, a former executive of Silvergate Bank, gave his statement on the facts leading to the bank’s collapse.

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Coinbase Senior Director Leaves Company to Start New Crypto Project

Coinspeaker Coinbase Senior Director Leaves Company to Start New Crypto Project Vishal Gupta ends his two-and-a-half-year stint at Coinbase as the proceeds to undertake a new crypto project, said sources.

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Gemini gets a $100m lifeline from Winklevoss twins 

The Winklevoss twins have reportedly injected $100 million into the embattled Gemini crypto exchange. Sources say the platform will use the money to fund its operations. Gemini Trust Co, one of the countless crypto market participants hit hard by the…

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Justin Sun rumored to be selling his Huobi shares

Sources have it that Justin Sun, the inventor of Tron, is in talks to sell some of his holdings in Huobi Global, a crypto exchange

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ChatGPT Can Now Browse The Internet – What This Means For Crypto  

ChatGPT, the AI-powered language bot that has taken the world by storm, has just added more firepower to its arsenal thanks to the release of new plugins by OpenAI. These plugins open up a vast array of third-party knowledge sources and databases, including the internet, thus expanding its already impressive functionality. The integration of these […]

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Banks Offering Bids for Signature Bank Must Give Up Crypto Business

Sources have said that those who acquire Signature Bank must drop any crypto-related business, according to Reuters. The post Banks Offering Bids for Signature Bank Must Give Up Crypto Business appeared first on BeInCrypto.

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Biden budget proposes 30% tax on crypto mining electricity usage

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.

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