Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products

Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement. дальше »

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Breaking: Binance Connect shutting down on Aug. 16

A spokesperson said the move came in response to “changing market and user needs.”

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Rich Dad Poor Dad Author Explains Why Bitcoin Will See $100,000 In Near Future

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Artificial Intelligence Trend is Accelerating With ‘Lion’s Share’ in the U.S.: Morgan Stanley

The banking giant said in a report that around 15% of companies quantified a revenue or cost-benefit from applying machine learning in the first half of the year. дальше »

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The Secular Investment Case for Bitcoin and Crypto Adoption Remains Intact: Coinbase

The combined effect of expansionary fiscal and monetary policies should support bitcoin long term as a hedge against fiat debasement and profligate spending, the report said. дальше »

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Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein

New capital will enter the market from fresh stablecoin supply, tokenization of traditional assets, native crypto infrastructure tokenization and ETFs, the report said. дальше »

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Coinbase CEO admits to broken UX, promises rapid improvements following customer feedback

Coinbase CEO Brian Armstrong said the exchange would improve the user experience on its main application over the next few weeks after conceding that it was broken in an Aug. 12 tweet. Coinbase broken UX According to Armstrong, the user experience on its application was below par, especially for non-fungible tokens, L2s, and decentralized applications. дальше »

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PayPal aiming for DeFi push after stablecoin launch – SVP Blockchain, crypto

PayPal intends to continue its push into the crypto industry by integrating its newly launched stablecoin PYUSD with the decentralized finance (DeFi) ecosystem. PayPal’s senior vice president of blockchain, crypto, and digital currencies, Jose Fernandez da Ponte, said during an appearance on the Unchained Podcast that the firm wants its stablecoin to be useable for […] The post PayPal aiming for DeFi push after stablecoin launch – SVP Blockchain, crypto appeared first on CryptoSlate. дальше »

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The SEC is exceeding its authority and encroaching on Congress’ lawmaking: Senator Lummis

U. S. Senator Cynthia Lummis filed an amicus brief on August 11 supporting Coinbase’s motion to dismiss against the U. S. Securities and Exchange Commission (SEC) lawsuit. Drawing attention to the Lummis-Gillibrand Responsible Financial Innovation Act, which aims to regulate crypto, the Senator said that there are already ongoing debates in Congress on crypto regulation. дальше »

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Curve Finance (CRV) to Reimburse Users; Recovers 70% of Stolen Funds

DeFi protocol Curve Finance said it would refund users who were impacted by the July 30 hack of its liquidity pools. The post Curve Finance (CRV) to Reimburse Users; Recovers 70% of Stolen Funds appeared first on BeInCrypto. дальше »

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US Bitcoin ETF Approval Could See North America’s ETF Volume Rise To 99.5%

North America could see its share in the global trading volume for crypto-related exchange-traded funds (ETFs) grow even further if spot Bitcoin ETFs are approved in the United States, a Bloomberg analyst said. дальше »

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Curve Finance vows to reimburse users after $62M hack

The platform said it would assess each impacted user for reimbursement.

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Sam Bankman-Fried arrested as bail is revoked

Sam Bankman-Fried, the founder and former CEO of FTX, has had his bail revoked and will now be held in prison, Reuters said on Aug. 11. That report indicates that U. S. District Judge Lewis Kaplan revoked Bankman-Fried’s bail following earlier concerns about witness tampering. дальше »

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Gemini’s Cameron Winklevoss slams DCG for denying involvement in failed Earn program

Gemini co-founder Cameron Winklevoss criticized Digital Currency Group (DCG) on Aug. 11 as part of an ongoing dispute between the two firms. On Twitter, Winklevoss said: “[DCG’s] response [to Gemini’s lawsuit] … is filled with carefully crafted statements that are incredibly revealing … It completely ignores the reality of the situation in a comical way. дальше »

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Shytoshi Kusama Clarifies His Jab at Elon Musk's X, Here's Why He Did It

Head of SHIB developer team finally provides an 'X-planation' of why he said 'SHIB > X' дальше »

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PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America

Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said. дальше »

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Binance Labs invests $5M in Curve DAO Token following $60M July hack

Binance Labs said on Aug. 10 that it has invested $5 million in Curve DAO Token (CRV) in an attempt to bolster the DeFi platform following an attack. Yi He, Co-Founder of Binance and Head of Binance Labs, said: “Given the recent events that have impacted the protocol, Binance Labs has offered our full support […] The post Binance Labs invests $5M in Curve DAO Token following $60M July hack appeared first on CryptoSlate. дальше »

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SEC settles with Bittrex and its ex-CEO for $24M following ‘scrubbing’ charges

The U. S. Securities and Exchange Commission (SEC) said on Aug. 10 that it has reached a $24 million settlement with Bittrex and its former CEO, William Shihara. The SEC made numerous allegations against Bittrex in its original claim. дальше »

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Circle says competition from PayPal and others is ‘great to have’, reports $1B in cash

Circle’s top executive spoke favorably of competition from PayPal’s stablecoin while emphasizing his own company’s strong standing on Aug. 10. Jeremy Allaire, the CEO of Circle, said that other firms will likely begin to introduce stablecoins following PayPal’s announcement. дальше »

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Worldcoin Regulatory Scrutiny Grows as Argentina Opens Investigation

The investigation began after numerous data collections in five major jurisdictions of the country, the Argentinian Agency for Access to Public Information said. дальше »

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Worldcoin draws the ire of Argentina next

The U.K., France, Germany and Kenya are already investigating Worldcoin due to similar concerns. Previously, Ethereum's Vitalik Buterin had said that some privacy and ethical issues raised arouThe post Worldcoin draws the ire of Argentina next appeared first on AMBCrypto. дальше »

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SEC Likely to Approve Several Spot ETFs, Sparking Next Bitcoin Rally: Matrixport

If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and would be the “dip to buy,” the report said. дальше »

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India proposes AI-powered conversational payments system — RBI

India’s central bank said that there’s a potential for an AI system that would initiate transactions through a conversation.

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Ripple legal chief refutes immediate SEC right to appeal pivotal XRP ruling

Ripple (XRP) chief legal officer Stuart Alderoty said the U.S. Securities and Exchange Commission (SEC) does not have the right to appeal the XRP ruling yet, according to an Aug. 10 tweet. Alderoty made this statement in response to a letter sent by the SEC outlining its intention to file a motion asking the Court […] The post Ripple legal chief refutes immediate SEC right to appeal pivotal XRP ruling appeared first on CryptoSlate. дальше »

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NFT collection Y00ts plans Ethereum migration prompting 350% trade volume boom

Polygon-based (MATIC) NFT collection y00ts said it would migrate to Ethereum (ETH) and return the $3 million grant it previously received from the layer2 network, according to an Aug. 10 tweet. y00ts did not provide additional information on when the migration would occur. дальше »

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Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon

DeGods project leader Rohun Vora, known as Frank, said that the move aims to "unite the DeGods and y00ts communities" on the same blockchain. Polygon said it would re-deploy some of the returned funds to support its native builders and creators. дальше »

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Russian central bank to launch digital ruble pilot Aug. 15

Russia’s central bank announced on Aug. 9 that it will initiate testing its digital ruble with banks, consumers, and businesses in mid-August. Olga Skorobogatova, First Deputy Governor of the Bank of Russia, said: “The launch of pilot operations with real digital rubles is the most important stage of the project. дальше »

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Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets. дальше »

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SEC Will Appeal XRP Ruling in Case Against Ripple, Regulator Says

The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday. дальше »

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SEC Will Appeal XRP Ruling in Case Against Ripple

The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday. дальше »

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Trader Who Predicted Luna's Downfall Now Holds 450K MOON Tokens

GCR likely bought 450,000 MOON at an average price of 40 cents-45 cents, Loch Research's Prithvi Jhaveri said. дальше »

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Stablecoin Market to Soar to Almost $3T in Next 5 Years: Bernstein

Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said. дальше »

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Cardano-Based MuesliSwap to Refund ‘High Slippage’ Losses for Users

Users are said to have lost varying amounts of funds by setting slippage too high due to a “misunderstanding.” дальше »

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Bitstamp to halt U.S. trading of seven tokens identified as securities by SEC in Coinbase, Binance cases

Bitstamp said on Aug. 8 that it would halt U. S. trading for several cryptocurrencies declared securities in recent cases against Binance and Coinbase. Specifically, the company said it would soon block U. дальше »

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Marathon Digital Q2 results miss revenue and earnings forecasts

Despite the earnings miss, Marathon's CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023.

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Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial

Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge. дальше »

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Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, Justice Department Says

The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an "illegal campaign finance" scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn't bring a campaign finance charge against the FTX founder due to treaty obligations. дальше »

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Brazil to launch CBDC ‘DREX’ in 2024 said to improve financial accessibility amid centralization concerns

The Central Bank of Brazil has unveiled its upcoming digital currency, ‘DREX. ’ As reported in a live video from the Central Bank, DREX will be a digital representation of the Brazilian real, with the capacity to interact with other digital assets. дальше »

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Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD

Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday. дальше »

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Binance Receives License to Offer Bitcoin, Digital Asset Services in El Salvador

The crypto exchange said it now holds licenses to operate in 18 countries. дальше »

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Coinbase to buy back up to $150M of its $1B bonds

Coinbase’s partial bonds buyback targets up to $150 million of the $1 billion bonds. City Global Managers will be the offer’s dealer manager. Coinbase said on Monday that it is commencing a partial repurchase of its $1 billion bonds. дальше »

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AI Will Be One of the Most Important Investment Themes Over the Next Decade: Morgan Stanley

The generative-AI market rally is assumed to have started with the launch of ChatGPT late last year, the report said. дальше »

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Zoom updates terms after backlash, won’t train AI without consent

Many online said they were halting the use of Zoom over terms that seemingly allowed the platform to scrape user data to train AI models. дальше »

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ARK Invest’s Cathie Wood expects delayed Bitcoin ETF decision, but predicts multiple approvals afterwards

ARK Invest CEO and CIO Cathie Wood said on Aug. 7 that the SEC could approve multiple Bitcoin spot ETFs at once but will likely not do so by an upcoming deadline. Wood stated during an interview with Bloomberg: “I think the [U. дальше »

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House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system. дальше »

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Cathie Wood: SEC may ‘approve more than one Bitcoin ETFs at once’

SEC has to rule on ARK’s application for a Bitcoin ETF by August 13th. Cathie Wood expects the financial regulator to extend that deadline. A summary of what else she said in an interview with Bloomberg today. дальше »

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Why Low Volatility Bitcoin Could Last A Lot Longer

Much has been said in recent weeks regarding how uncharacteristically calm Bitcoin has been. On weekly timeframes, volatility measures are at their lowest ever. Unfortunately, despite the record-setting lull, directionless sideways price action could continue for a lot longer. дальше »

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Reddit’s MOONS, BRICKS tokens surge on Kraken listing

Cryptocurrency exchange Kraken announced the listing of two Reddit cryptocurrency tokens — MOONS and BRICKS — on Aug. 7. Kraken said users can trade the two cryptocurrencies on Kraken and Kraken Pro, on spot and futures markets, and through USD and EUR trading pairs. дальше »

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FTX has a plan, but creditors are not impressed: Law Decoded

A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan.

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Breaking: ‘All funds are at risk' — Steadefi exploited in ongoing attack

The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it’s willing to discuss a bounty with the exploiters. дальше »

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