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Scaramucci Predicts Pro-Crypto Stance from Kamala Harris Administration

Scaramucci Predicts Pro-Crypto Stance from Kamala Harris Administration

Anthony Scaramucci, former White House communications director, recently stated that a Kamala Harris administration would likely be pro-crypto. In a post on X (formerly Twitter), he suggested that a Harris-led government would sideline anti-crypto figures such as Senator Elizabeth Warren and SEC Chairman Gary Gensler. Scaramucci’s comments come amid debates over which presidential candidate the crypto community favors more. While...

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    Hong Kong Strengthens Stablecoin Oversight with New Regulatory Plans

    Hong Kong Strengthens Stablecoin Oversight with New Regulatory Plans

    The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have announced plans for a new regulatory framework for stablecoin issuers, following broad public support and feedback from stakeholders. On July 17, these financial institutions released conclusions on creating local stablecoin-related legislation, based on a two-month public consultation period that ended in February, which received...

    Bitwise Faces $2 Million Lawsuit Over Fraud and Negligence Charges

    Bitwise Faces $2 Million Lawsuit Over Fraud and Negligence Charges

    The Mukamal family has filed a lawsuit against asset manager Bitwise, seeking $2 million in damages. Filed on Monday, July 8th, the lawsuit implicates Bitwise executives CEO Hunter Horsley, CIO Matt Hougan, and President Teddy Fusaro in alleged fraud, breach of contract, negligence, and a pump-and-dump scheme that resulted in substantial financial losses for investors. Theodore Mukamal, a member of...

    Republicans Push for Bitcoin Mining and Self-Custody Rights

    Republicans Push for Bitcoin Mining and Self-Custody Rights

    The Republican Party has reinforced its support for Bitcoin by backing Americans’ right to own and mine the cryptocurrency. According to the 2024 GOP platform draft, the party is committed to making America a global hub for crypto. They plan to end the Democrats’ crackdown on crypto, which they label as “unlawful and unAmerican.” The GOP promises to ensure that...

    Senate Committee Seeks Blockchain Integration for National Security

    Senate Committee Seeks Blockchain Integration for National Security

    The U.S. Senate Committee on Armed Services, under the Biden administration, has decided to explore the use of blockchain technology for supply chain management and other national security applications within the Department of Defense (DOD). This initiative is part of the latest National Defense Authorization Act (NDAA) report, which acknowledges the potential of blockchain for national security purposes. As other...

    Philippines Integrates USDT into Social Security System

    Philippines Integrates USDT into Social Security System

    The Philippines government has announced that it will now accept USDT for Social Security System (SSS) contributions. Tether, the issuer of USDT, revealed a new crypto payment solution that enables residents to make SSS payments using the stablecoin. The Open Network (TON) blockchain will facilitate these transactions, promoting the integration of digital currency into the social insurance scheme. The Philippines...

    Chinese Mining Pools Maintain Dominance Over Bitcoin Hashrate Despite Ban

    Chinese Mining Pools Maintain Dominance Over Bitcoin Hashrate Despite Ban

    CryptoQuant CEO Ki Young Ju has reported that Chinese mining pools control almost 54% of Bitcoin’s hashrate, despite the country’s official ban on crypto mining. Ju’s chart shows that over the past 12 months, Chinese mining pools have consistently contributed more than 50% of the Bitcoin hashrate. However, it is likely that these pools also include miners from other countries,...

    German and US Governments Move Millions in Crypto Amid Market Shifts

    German and US Governments Move Millions in Crypto Amid Market Shifts

    The German and US governments have moved significant amounts of Bitcoin and Ethereum, indicating a potential continuation of their crypto-selling activities. Data from Arkham Intelligence reveals these large transfers, which could affect the market dynamics this month. In the last two weeks, German government-associated addresses have transferred over 2,700 BTC, valued at more than $200 million, to centralized exchanges. Market...

    Vitalik Buterin’s New Voting Tool Aims to Protect Privacy in Authoritarian States

    Vitalik Buterin’s New Voting Tool Aims to Protect Privacy in Authoritarian States

    Vitalik Buterin, co-founder of Ethereum, has unveiled a new tool designed for anonymous online voting, developed by the company Rarimo in Kyiv. Named the “Freedom Tool,” it leverages zero-knowledge proof technology to enable Russian citizens to verify their citizenship and vote online without disclosing their identities. This system aims to ensure secure and visible voting results while maintaining anonymity and...

    BIS Urges Central Banks to Integrate AI for Better Economic Management

    BIS Urges Central Banks to Integrate AI for Better Economic Management

    The FBI has issued a warning about new cryptocurrency scams involving fake law firms. These scams target unsuspecting investors by creating phony legal entities to lend an air of legitimacy and trick victims into parting with their digital assets. The Bank for International Settlements (BIS) has called on central banks to “raise their game” on artificial intelligence (AI) to leverage...

    Market Downturn Sees Ethereum and Bitcoin Transaction Fees at Multi-Month Lows

    Market Downturn Sees Ethereum and Bitcoin Transaction Fees at Multi-Month Lows

    Ethereum and Bitcoin are witnessing a significant drop in transaction fees, hitting multi-month lows despite sustained high network activity. This comes during one of the most challenging weeks for the broader crypto market in 2024, with Bitcoin falling below $63,000 and many altcoins suffering double-digit losses. Ethereum’s gas prices, the fees required for transactions on the network, have plummeted to...

    Germany’s Bitcoin Sell-Off Sparks Market Concerns

    Germany’s Bitcoin Sell-Off Sparks Market Concerns

    Germany has caused a significant stir in the cryptocurrency community by unloading over $54 million worth of Bitcoin in a single day. On June 25, the German Government’s (BKA) cryptocurrency wallet sold 900 BTC through three transactions, potentially putting downward pressure on Bitcoin’s price, which could drop below $60,000. The initial two transactions involved 200 BTC each, sent to Coinbase...

    Chain Abstraction Pioneer Particle Network Raises $15 Million

    Chain Abstraction Pioneer Particle Network Raises $15 Million

    Particle Network, a modular blockchain developer specializing in chain abstraction technology, has successfully raised $15 million in a Series A funding round. The round was structured as a simple agreement for future tokens (SAFT), according to founder and CEO Pengyu Wang. The funding round was co-led by The Spartan Group and Gumi Cryptos Capital, with additional participation from SevenX Ventures,...