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UK’s Crown Prosecution Service Announces First Case Involving Monero Conversion
15.7.2024
Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero currency into cash,” said Adrian Foster, Chief Crown...
Philippines Charges 2 Russians in $6.2 Million XRP Theft
15.7.2024
The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance...
Russia Considers Allowing Digital Currency Trading on the Country’s Largest Exchanges
15.7.2024
The Russian Ministry of Finance has proposed permitting digital currency trading for a select group of qualified investors on licensed exchanges like the Moscow Exchange and St. Petersburg Exchange. Anatoly Aksakov, head of the State Duma Financial Market Committee, believes Russia’s largest...
Bitcoin whales snapped up $4.3B of BTC amid price slump
15.7.2024
Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed
SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm
15.7.2024
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto...
US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says
15.7.2024
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become...
Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
14.7.2024
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage...
Latam Insights: Bukele Goes Chavez Mode Against High Prices, Paraguay Strengthens Power Theft Penalties For Crypto Mining
14.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power...
Justin Sun Endorses Donald Trump After Assassination Attempt, Citing Crypto Industry Benefits
14.7.2024
TRON founder Justin Sun has publicly endorsed former U.S. President and current presidential candidate Donald Trump in the upcoming election, citing his potential to provide a more favorable environment for the cryptocurrency industry. In a social media post, Sun expressed his hope for...
Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales
14.7.2024
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like...
Bitcoin Surpasses $60K After 11 Days: Price Boost Follows Trump Assassination Attempt
14.7.2024
The price of bitcoin climbed 2.7% over the past 24 hours, reaching an intraday peak of $60,423 per token. For over a week, BTC remained below the $60,000 mark. However, on Sunday morning at 4 a.m. EDT, it surpassed this threshold for the first time in 11 days. BTC Rises to $60,423, Marking 2.7%...
Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
14.7.2024
Bitcoin bulls may be able to trap late sellers below key bull market trendlines as BTC price weekend gains pass 5%
Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
14.7.2024
Bitcoin bulls may be able to trap late sellers below key bull market trendlines as BTC price weekend gains pass 5%
Why is the crypto market up today?
14.7.2024
The crypto market is up today as crypto traders anticipate a Trump victory in November following a failed assassination attempt on the former president
Why is the crypto market up today?
14.7.2024
The crypto market is up today as crypto traders anticipate a Trump victory in November following a failed assassination attempt on the former president
Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe
14.7.2024
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying...
Tornado Cash developer Alexey Pertsev denied bail while awaiting appeal
14.7.2024
Pertsev will now spend the next year in prison while his lawyers prepare an appeal for money laundering charges
Ripple CEO and Legal Chief Reflect on Landmark Victory Against SEC Over XRP
14.7.2024
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and...
Congressman Calls for SEC Chair’s Dismissal Over ‘Regulation by Harassment’
14.7.2024
House Majority Whip Tom Emmer has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of “regulation-by-harassment,” and calling for his dismissal. The congressman has consistently opposed Gensler’s regulatory practices, supporting legislative...
German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations
13.7.2024
According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty...