Prosecutors withdraw campaign finance charges against Sam Bankman-Fried

U.S. prosecutors have withdrawn political campaign financing charges against former FTX CEO Sam Bankman-Fried, according to a July 27 court filing. The decision to drop the charges stems from the terms of the United States extradition treaty with the Bahamas, which stipulate that the government would not prosecute Bankman-Fried on charges for which the Bahamanian […] The post Prosecutors withdraw campaign finance charges against Sam Bankman-Fried appeared first on CryptoSlate. дальше »

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Forty-year leap: US national debt nearing $1T in interest alone

Quick Take The United States is experiencing a steep surge in interest payments, now reaching approximately $970 billion. According to financial analyst Joe Consorti, this constitutes an escalation of $41 billion within the second quarter alone. дальше »

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BNB Chain’s Q2 Performance Sparks Optimism Amidst Regulatory Uncertainty

Binance Smart Chain (BNB) has seen significant growth in its daily active addresses and transactions in the second quarter of 2023, according to a report by blockchain analytics firm Messari.   The increase in activity was primarily driven by LayerZero, a cross-chain messaging protocol that enables lightweight and efficient communication between different networks. дальше »

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Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

Layer-2 blockchain Optimism has surpassed Arbitrum in daily transaction volume for the first time in six months, according to Dune Analytics. дальше »

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PancakeSwap Sweetens Network with zkSync Era Launch

Decentralized exchange PancakeSwap is leveraging zkSyncs layer 2 solution to deliver increased scalability and efficiency, making a notable stride for the mass adoption of DeFi, according to a press release... дальше »

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Custodia Bank's Fed Lawsuit Is as Important as XRP's: John Deaton

Custodia Bank and Ripple have similar case fundamentals according to new insight shared by John Deaton дальше »

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U.S. DoJ to drop campaign finance charge against FTX's SBF

Since the Bahamas didn't include the said charge in its extradition treaty, DoJ has decided to drop the charge against FTX's SBF. SBF will go on trial on 2 October. According to the latest cThe post U. дальше »

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Binance Terminates German Crypto License Application As European Troubles Continue

Prominent cryptocurrency exchange Binance has canceled its application for a crypto license in Germany as regulatory scrutiny on the exchange intensifies across the continent. According to a report by Reuters, Binance withdrew its crypto custody license application only after the German Federal Financial Supervisory Authority (BaFin) reportedly informed the exchange it would not approve the […] дальше »

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Are Chainalysis’ Tools Scientifically Sound? Executive’s Statement Casts Doubt

An executive for on-chain analytics firm Chainalysis was the source of controversy following a recent statement. According to a court filing, the company’s Director of Investigation Solutions for government applications, Elizabeth Bisbee, provided testimony in the case against Roman Sterlingov. дальше »

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Avalanche Foundation Commits $50 Million To Tokenized Asset Purchases

The Avalanche (AVAX) Foundation has launched a $50 million initiative, called Avalanche Vista, to pioneer the future of asset tokenization.   According to the announcement, the foundation will allocate the funds to purchase tokenized assets, often referred to as “real world assets” or “off-chain assets,” minted on the Avalanche blockchain. дальше »

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BREAKING: FTX Founder SBF On The Brink Of Jail: Judge Set To Rule On Bail

According to a recent report by Reuters, Sam Bankman-Fried, former CEO and founder of the bankrupt cryptocurrency exchange FTX, has had his bail conditions tightened by a US judge following allegations of witness tampering. дальше »

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Dogecoin Whales Scoop Over $200M Worth of Coins in Under a Month Amid Bullish Price Outlook

Dogecoin whales have made a significant splash in the crypto market in recent weeks, acquiring $225 million worth of DOGE coins, according to data from the on-chain analytics platform IntoTheBlock. дальше »

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EOS Network Foundation preparing to sue Block.one over unfulfilled $1B investment promise

EOS Network Foundation (ENF) is preparing to sue the developer of the EOS (EOS) network Block. one for not fulfilling its promise to invest $1 billion in the blockchain, according to a July 25 statement. дальше »

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OKX Records Industry’s Leading Proof of Reserves With A Balance Of $11.3 Billion In Primary Assets

OKX, a leading crypto exchange, has released its ninth Proof of Reserves (PoR) report that shows a balance of $11. 3 BILLION IN ETH, BTC and USDT. According to the team, this is its best ninth consecutive monthly PoR. дальше »

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Compound (COMP) Bulls Strengthen Market Control With 13% Rally

COMP, THE native token of Compound Finance, has seen its market price rise significantly on Wednesday, emerging as the top gainer of the day. According to data from CoinMarketCap, COMP is up by 13. дальше »

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Worldcoin Paid Hong Kong Onboarders $60, But Paid Test Subjects in Indonesia $15

ChatGPT creator Sam Altmans cryptocurrency venture, Worldcoin, is stirring up more controversy as it reveals stark discrepancies in user payouts, according to a South China Morning Post report. Hong Kong... дальше »

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Binance’s European exodus continues as exchange withdraws critical license application in Germany

Binance confirmed to CryptoSlate that it had withdrawn its crypto custody license application in Germany, according to a July 26 emailed statement. In June, unconfirmed reports emerged that BaFin, Germany’s top financial regulator, intended to deny Binance’s application for a crypto custody license. дальше »

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Singapore High Court declares cryptocurrency as property, rules in favor of ByBit in trust case

A Singaporean High Court has ruled that cryptocurrency is a property capable of being held in trust, according to a July 25 ruling. ByBit vs. Miss Ho The court reached this decision in a case involving Seychelles-based crypto exchange ByBit which alleged that a contractor Miss Ho Kai Xin, breached the terms of her employment […] The post Singapore High Court declares cryptocurrency as property, rules in favor of ByBit in trust case appeared first on CryptoSlate. дальше »

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Solana Expected to Soar to $130, Scoop As Much As You Can

Solana has been experiencing significant fluctuations, with its value dancing around the $26 resistance level according to the analysis shared by Davidoncrypto. Some market observers have noted that Solana’s weekly closure fell below this resistance point. дальше »

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Ripple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment

Coinspeaker Ripple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment According to Alderoty, Ripple will handle any appeal the SEC decides to initiate even though he is confident in the judge's previous ruling. дальше »

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Dogecoin Jumped 9% After Musk’s Twitter Appearance

DOGE mania returned on Tuesday after the logo of the popular meme-based cryptocurrency appeared in the profile of Elon Musk’s renamed Twitter account. According to CoinGecko, the price of the seventh largest cryptocurrency in the world by market capitalization increased by 8. дальше »

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Tezos (XTZ) Loses Steam In Q2, Market Cap Drops 30% Following SEC Crackdown

According to a recent report by crypto research firm Messari, Tezos has been progressing in its roadmap development, with several new features and upgrades being introduced to the network.   The platform’s core developers have announced a strategic shift to hybrid optimistic/zk rollups, with multiple teams committed to building rollups that will enable the platform to process more transactions per second (TPS) and enhance scalability. дальше »

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Coinbase Custody Is The Largest Validator in Tezos, Cause For Worry?

Messari data reveals that Coinbase Custody is currently the largest validator or “Baker” in the Tezos network. According to their Q2 2023 report, Coinbase Custody controls 15% of the total validator nodes and stakes XTZ, Tezos’ native currency, on behalf of its clients. дальше »

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US Judge Sentences Woman Who Used Bitcoin To Hire Hitman To Prison

A Nevada woman has been sentenced to five years in prison for conspiring to murder her husband. According to court documents, Kristy Lynn Felkins confessed to paying Bitcoin on the dark web to hire a hitman to kill her ex-husband. дальше »

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Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X

According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing upward of millions of dollars. дальше »

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Researcher envisions smart education system built with blockchain, DAOs, NFTs and AI

According to the research, combining the technologies will result in 12 distinct advantages over the traditional educational system. дальше »

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Bitcoin Reaches Record Low Volatility: Why A History-Making Move Is Ahead

Bitcoin price has barely moved in weeks, resulting in what is now the lowest volatility ever according to Bollinger Band Width on the one-week timeframe. Here is a closer look at what this could mean for the undisputed king of crypto. дальше »

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Crypto Bear Trend Gets To Institutional Investors, Ends Four Weeks Of Inflows

According to a recent report by asset manager CoinShares, the total outflow of $6. 5 million from crypto funds last week signified a reversal in trend following four weeks of heavy inflows.   However, it is not all gloomy considering that the outflow of $6. дальше »

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Venom blockchain hits 1M testnet wallets in two months

Venom Blockchain has reached one million wallets on its testnet within just two months of its launch, according to a July 25 statement shared with CryptoSlate. The blockchain network’s Foundation attributed the rapid adoption “to its innovative technology, rigorous regulatory compliance, and secure, user-friendly environment catering to a diverse user base. дальше »

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UK Regulator To Enquire About Worldcoin, As WLD Declines By 17% One Day Post-Launch

UK data regulator, the Information Commissioner Office (ICO), has laid out intentions to probe the newly launched crypto project Worldcoin.   According to a report by Reuters on July 25, the ICO has taken notice of WorldCoin’s launch in the UK and will now proceed to “making further inquiries. дальше »

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KuCoin dispels layoff rumors, CEO cites ‘normal’ personnel adjustments

Crypto exchange KuCoin denied “any alleged layoff plan,” according to a July 25 email statement to CryptoSlate. On July 25, Wu Blockchain, citing three unnamed internal employees, reported that KuCoin planned to lay off 30% of its workforce. дальше »

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Dogecoin Trading Volume At 16-Week High As DOGE Jumps 9%

On-chain data shows that the Dogecoin trading volume has spiked to high levels following the 9% rally that the meme coin has enjoyed recently. Dogecoin Trading Volume Is Now At Highest Point Since Start Of April According to data from the on-chain analytics firm Santiment, DOGE has seen a significant uplift in interest among traders […] дальше »

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DeFi Hack Worth $3.4M Strikes EraLend, zkSync’s Top Lender

EraLend, a lending protocol on Ethereums scaling blockchain, zkSync, faced a substantial exploit that resulted in a loss of $3.4 million, according to an analysis by CertiK, a leading firm... дальше »

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Whales Accumulate 3 Billion DOGE: The Impact on Dogecoin’s Price and its Leap Over Cardano in Market Cap

With its recent surge in price, Dogecoin has managed to outpace Cardano in the market cap rankings. According to a recent tweet by crypto analyst LaCryptoLycus, Dogecoin has climbed to the #7 spot, leaving Cardano’s market cap behind. дальше »

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Namibia's Crypto Assets Bill Is Now a Law

Namibia's virtual assets bill was put into law on Friday, according to the Gazette of the Republic of Namibia. дальше »

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ZkSync's Largest Lender Struck by $3.4M Exploit

EraLend, the largest lending protocol on Ethereum scaling blockchain zkSync, has been hit by a $3.4 million reentrancy attack, according to blockchain security firm CertiK. дальше »

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Will Bitcoin Rebound? This Metric May Be The One To Watch

The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the dolphins and sharks of the top stablecoins like Tether (USDT) and USD Coin (USDC) may be relevant for the price of Bitcoin. дальше »

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Additional $37M discovered in web3 casino payment provider hack

Alphapo, a cryptocurrency payment service provider, reportedly suffered a significant security breach within its hot wallet, resulting in a loss of over $60 million, with some reports suggesting total losses could amount to around $100 million, according to De. дальше »

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Japan’s prime minister hints at improving the web3 space

Japan’s prime minister Fumio Kishida participated in the crypto conference WebX to share his enthusiasm for the decentralized ecosystem and web3. According to the CoinPost report, Kishida spoke on his administration’s strategies. He opined that web3 is part of the… дальше »

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TSMC to Capitalize on AI Boom with $2.9B Investment in Advanced Chip Packaging Plant

Coinspeaker TSMC to Capitalize on AI Boom with $2. 9B Investment in Advanced Chip Packaging Plant According to Taiwan’s official Central News Agency, “the rapid growth of the artificial intelligence (AI) market has driven a surge in demand for TSMC’s advanced packaging. дальше »

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XRP Price To $10 By September? Market Watchers Outline Bullish Trajectory Amid Ripple’s “Big Win”

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Bitcoin Retreat Below $30,000: A Threat To Crypto’s 2023 Dominance Over Stocks?

As the year 2023 continues to unfold, Bitcoin’s retreat below the pivotal $30,000 mark raises questions about the overall strength and stability of the cryptocurrency market. Once, the crypto market held a significant lead over traditional stocks, according to Bloomberg. дальше »

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How rising interest costs impact government finances

Quick Take According to the Founder of Equity Management Associates, Lawrence Lepard, in his EMA Q2 report, the escalating interest expense, rapidly nearing a run rate of $1 trillion, is a major cause of the expanding government deficit. дальше »

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WSJ: CZ was aware of wash trading at BinanceUS

The WSJ’s investigation reveals that Binance’s CEO Changpeng Zhao was aware of wash trading at the American branch launch and “directed” it. According to a report from the Wall Street Journal, in the first hour of Binance launching its American platform,… дальше »

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Crypto investors cool on Bitcoin funds, turning to Ether and XRP

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. дальше »

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The Tech Stock Trend Is Strengthening: Why This Matters For Bitcoin

The Nasdaq (NDX) retreated last week, leaving behind a nasty looking candle. However, when measuring the underlying trend strength, tech stocks could have a lot more to go. And if that’s the case, it could be bullish for Bitcoin according to a new historical comparison. дальше »

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TVL Of Coinbase-Backed Base, A Layer-2 Scaling Solution, Rockets 53%

According to data from L2Beat, the total value locked (TVL) of Base, a layer-2 scaling solution for Ethereum utilizing optimistic rollups, is up 53%. As of the latest figures, the TVL stands at $952,000 as various assets, mainly Ethereum (ETH), are tied up in the layer-2 protocol. дальше »

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Tokenized BTC On Ethereum Plunges 44% in 1 Year, What Happened?

According to data from Dune Analytics on July 24, the amount of Wrapped Bitcoin (wBTC), a synthetic form of Bitcoin, circulating on Ethereum has fallen by 44% since May 2022. In July 2023, wBTC circulating on Ethereum stood at approximately 158,000 BTC, a sharp decline from 282,000 BTC recorded in May 2022. Interestingly, on-chain records also […] дальше »

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Bitcoin Long-Term Holders At New ATH, Now Hold 75% Of Supply

On-chain data shows the Bitcoin long-term holders have continued to HODL strong recently, as their supply has reached a new all-time high. Bitcoin Long-Term Holders Now Control 75% Of The Circulating Supply According to data from the on-chain analytics firm Glassnode, the BTC long-term holders now carry 14. дальше »

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Dogecoin Gains Ground on Cardano as Bitcoin Falls to Sub-$29K Levels

Meme cryptocurrency Dogecoin (DOGE) is inching closer to overtaking Cardano (ADA) in terms of market capitalization, according to CoinGecko data дальше »

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