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news-imageJuly 11, 2024

Philippines Cracks Down On Crypto Crime: 2 Russians Indicted In $7 Million Heist

The Department of Justice (DOJ) charged two former consultants for Coins.ph, a well-known crypto currency exchange, in an action shocking the Philippine bitcoin community. Russian nationals Vladimir Evgenevich Avdeev and Sergey Yaschuck are accused of launching a carefully thought out hack that led in the loss of an astounding 12.
Publisher: Bitcoinist
Sentiment: Negative
General

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Neutral
cover-imageCryptopolitan
July 13, 2024

US Rep. Tom Emmer wants SEC Chair Gary Gensler fired

US Representative Tom Emmer has demanded the firing of SEC Chairman Gary Gensler. Gary had gone on Twitter to ask users to submit tips or complaints to the SEC, prompting Emmer to respond, “I'd like to report the SEC Chair for regulation-by-harassment,” and used a hashtag calling for Gary's dismissal.

  General  
Negative
cover-imageBitcoin
July 13, 2024

Crypto Exchange Bitmex Pleads Guilty to Violating Bank Secrecy Act, AML Failures

Crypto exchange Bitmex has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to maintain an adequate anti-money laundering (AML) program, resulting in the company being a vehicle for large-scale money laundering. The DOJ announced this plea following previous legal actions and settlements.

  General  
Positive
cover-imageBitcoin
July 12, 2024

Pixelverse Raises $2 Million, Totals $7.5 Million in Private Funding

Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in funding, bringing its total private round to $7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors.

  General  
Negative
cover-imageCrowdFundInsider
July 12, 2024

Judge Denies Coinbase's Request to Subpoena US SEC Chairman Gary Gensler

Crypto exchange Coinbase (NASDAQ:COIN) and the US Securities and Exchange Commission (SEC) have been clashing with each other during the last few weeks on Coinbase's subpoena requesting for SEC Chairman Gary Gensler's personal communicatons and other details from a period prior to him being appointed

  General  
Positive
cover-imageCrowdFundInsider
July 12, 2024

Sygnum, a Digital Assets Banking Group, Launches Multi-Asset Instant Settlement Network

Sygnum, a global digital asset banking group, announces the launch of Sygnum Connect, its 24/7 multi-asset instant settlement network. The network settles fiat, digital assets and stablecoin transactions “for institutional investors, liquidity providers, stablecoin issuers, brokers and selected exchanges.

  General  
Negative
cover-imageCryptoSlate
July 12, 2024

Major crypto projects at risk as Squarespace domain breach unfolds

Malicious actors are targeting several crypto projects with domain names provided by Squarespace. On July 11, Oxngmi, the pseudonymous developer of DeFiLlama, reported that over 100 crypto projects using Squarespace, including Polymarket, Hyperliquid, dYdX, and THORChain, are at risk of being hacked.

  General  
Positive
cover-imageBitcoin
July 12, 2024

Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company's journey and future. Binance CEO Richard Teng on Successes, Challenges, and the Road Ahead In his reflection shared with Bitcoin.

  General  
Positive
cover-imageBitcoin
July 12, 2024

US Senator Discusses Crypto Policies Under Potential Second Trump Administration

U.S. Senator Bill Hagerty discusses key issues including cryptocurrency's future under a potential second Trump administration, highlighting former President Donald Trump's pro-crypto stance and criticism of Democratic policies. Hagerty advocates for a supportive ecosystem to foster innovation and decentralized control of digital assets, contrasting with what he describes as the Democrats' overly centralized approach.

  General  
Positive
cover-imageBitcoinist
July 12, 2024

Study Reveals: Global Crypto Market Volume to Exceed $108 Trillion With Europe Dominating

According to a study released by CoinWire, the global cryptocurrency trading volume will see a notable increase, boosting it to over $108 trillion before the end of 2024. This figure is almost 90% higher than the trading volumes seen in 2022, signaling that a major potential increase in crypto transactions worldwide is on the horizon.

  General  
Negative
cover-imageCoingape
July 12, 2024

GOP Whip Tom Emmer Accuses SEC Chair of Harassment

US Congressman Tom Emmer has lashed out at the SEC Chairman Gary Gensler and called him a regulator by harassment, this in response to Gensler encouraging the public to report tips or complaints to the SEC. Tom Emmer Accuses SEC Chair of Harassment US Congressman Tom Emmer has demanded that SEC Chairman Gary Gensler be

  General  
Negative
cover-imageBitcoin
July 12, 2024

Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft

The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other purposes will face penalties for up to three years.

  General  
Positive
cover-imageLiveBitcoinNews
July 12, 2024

SEC Drops Securities Violation Case Against Paxos

The US Securities and Exchange Commission (SEC) has dropped its investigation into Paxos' alleged securities violation for issuing the BUSD (Binance USD) token.

  General  
Positive
cover-imageCrypto Briefing
July 12, 2024

VC funds pump $481 million into crypto startups in June

VC funding in crypto startups shows a declining trend, potentially signaling cautious investor sentiment and shifting focus within the sector. The post VC funds pump $481 million into crypto startups in June appeared first on Crypto Briefing.

  General  
Negative
cover-imageCoingape
July 12, 2024

Altcoins to Sell Hot on the heels of Dwindling Stablecoins Volume

Attempts to post sustainable recoveries in the crypto market have kept ending in futility this week, starting with Bitcoin's failed breakout to $60,000 on Thursday. Meanwhile, there has been a noticeable decline in stablecoin volumes to a seven-month low of $970 million.

  General  
Negative
cover-imageUToday
July 12, 2024

Crypto Giant Coinbase Issues Bearish Warning

Coinbase researchers David Duong and David Han have predicted that a major cryptocurrency rally is unlikely to occur in the third quarter of 2024.

  General  
Positive
cover-imageCrypto Economy
July 12, 2024

MarketsandMarkets Says Blockchain Market to Reach $248.9 Billion Value by 2029

TL;DR The blockchain market is projected to grow from USD 20.1 billion in 2024 to USD 248.9 billion by 2029, with a compound annual growth rate of 65.5%. This technology is revolutionizing various sectors beyond finance, including supply chain management, e-commerce, and digital asset management.

  General  
Negative
cover-imageCoingape
July 12, 2024

Crypto Community Stunned As Elon Musk Shuns X Censorship Immunity Deal

According to a recent report, Elon Musk's social media platform, X (formerly Twitter), turned down an offer from the European Commission to avoid fines for censoring speech without the knowledge of users. While other platforms accepted this deal, X decided to remain firm and thus faced increased regulatory pressure.

  General  
Negative
cover-imageLiveBitcoinNews
July 12, 2024

Compound Finance's Website Breached by Cybercriminals

Popular DeFi platform Compound Finance has been breached by scammers, with its website redirecting users to a phishing link. Compound's dApp and smart contracts remain unaffected.

  General  
Positive
cover-imageCoinPedia
July 12, 2024

SEC vs. Crypto – Two consecutive Victories for Crypto Ecosystem

Everyone knows about the SEC vs. Crypto game. It has been years since the SEC decided to go after various crypto organization and their tokens. One such case, almost forgotten by the community is SEC vs Blockstack, a blockchain software developer company.The U.S.

  General  
Positive
cover-imageCrypto news
July 12, 2024

Mantra (OM) price hits ATH as staking reward rises to 21%

Mantra price has continued to outperform most cryptocurrencies as demand for Real World Asset (RWA) tokenization rose. The OM token rose to a record high of $1.2711 on Thursday as Bitcoin and altcoins remained in a deep bear market.

  General  
Neutral
cover-imageBitcoin
July 12, 2024

Riot Platforms' Bid Spurs Special Shareholders Meeting at Bitfarms

Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms' ongoing strategic review process and acquire the company.

  General  
Negative
cover-imageCoingape
July 12, 2024

ESMA Reiterates MiCA Crypto Staking Laws Amid Controversy

The European Securities and Market Authority (ESMA) announced an updated Q&A on certain guidelines including the provision of staking services under MiCA. This comes as crypto firms begin to implement the regulations to become fully compliant with the rules.

  General  
Neutral
cover-imageTrustnodes
July 12, 2024

Is Biden Handing Crypto a Trump Presidency?

The Democratic party is facing a problem that we in crypto know far too well: how to reach consensus when no one has the full legitimacy to make a decisive decision?

  General