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Cryptocurrency News

Location American Cryptocurrency News for 3 July 2024

Could a financial crisis end crypto's bull run?

Coin Telegraph - 3 Jul 2024 17:30
Could a financial crisis end crypto's bull run? Blockchain technology doesn't exist in a vacuum, and the outside world has become a less secure place. Could crypto survive a TradFi collapse?
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SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the hold...
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World's largest Bitcoin miner didn't sell any BTC in June Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.
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Bitcoin trades in 'enthusiastic' phase as data hints at upcoming range expansion Bitcoin's volatility is compressing, which is a sign that a sharp range expansion is brewing.
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South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, ...
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Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refus...
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Layerzero Integrates Flare, Enabling Connectivity to 75 Blockchains Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across ...
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Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market co...
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The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cash Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens - a lot of it on marketing. PLUS blockchain tech news and project highlights from the past wee...
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Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC...
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Consensys Acquires Wallet Guard to Enhance Metamask Security Consensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard's security features into Metamask. Metamask...
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Big Tech produced more carbon since 2019 than all Bitcoin mining ever U.S. tech firms made huge commitments to "net zero" carbon emissions -- but that was before ChatGPT hit the scene.
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Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
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UN Development Programme Partners With Dfinity Foundation to Boost MSME Inclusion The United Nations Development Programme (UNDP) has announced a partnership with the Dfinity Foundation to enhance its Universal Trusted Credentials (UTC) initiative. The collaboration aims to improve financial inclusion...
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Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.
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Bittensor Blockchain Placed in 'Safe Mode' Following Multi-Million Dollar Wallet Drains According to reports, the Bittensor (TAO) blockchain was paused due to the depletion of funds from several wallets. The final block was processed 14 hours ago, and the network is now in safe mode, as stated by the Opente...
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Is This the Next Shiba Inu? Shiba Shootout Launches ICO and Nears $500K Shiba Shootout (SHIBASHOOT), the new meme coin everyone's talking about, is closing in on a half million dollars in its ICO phase. And given the project's early success, some investors wonder if they've stumbled on the n...
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The Case for Crypto Index Funds

Coin Desk - 3 Jul 2024 19:00
The Case for Crypto Index Funds There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here's why they make sense to investors, says Adam Gure...
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Insurance Is the Silent DeFi Guardian

Coin Desk - 3 Jul 2024 19:00
Insurance Is the Silent DeFi Guardian There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs.
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Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region wh...
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Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Security The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.
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Bitcoin or bust: Companies add BTC to treasury for long-term potential Corporations are increasingly adopting Bitcoin as a treasury asset, with companies like MicroStrategy, Tesla and Coinbase leading the charge.
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