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Crypto owners banned from working on US Government crypto policies

7.7.2022
A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation

Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

7.7.2022
Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that...

Elon Musk’s Boring Company to Accept Dogecoin Payments for Rides on Las Vegas Transit System Loop

7.7.2022
Elon Musk’s Boring Company will accept the meme cryptocurrency dogecoin as payment for rides on its Las Vegas transit system Loop. Musk confirmed that he is “supporting Doge whenever possible.” Tesla already accepts the meme crypto for some merchandise and Spacex will soon...

First Mover Asia: How Inaccurate Data Misled Investors to See Massive Outflows From This Crypto Exchange; BTC Holds Steady Over $20K

7.7.2022
KuCoin founder Johnny Lyu said those data feeds plus mislabeled, on-chain wallets propagated rumors last week that led to the token exodus; ether is flat in Wednesday trading

Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia

7.7.2022
Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russians...

Report: $540 Million Crypto Gaming Hack Made Possible By Elaborate Phishing Scheme

6.7.2022
NFT Pokémon clone Axie Infinity went from being famous for players profiting off its “play-to-earn” gaming scam to infamous for getting hacked out of $540 million in cryptocurrency. Now according to a new report by The Block we know what made the security breach possible: a sophisticated phishing...

Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested

6.7.2022
U.S. officials who are personally invested in cryptocurrencies are now disqualified from working on crypto-related policy and regulation that could impact the value of their assets

Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’

6.7.2022
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed...

Belgian regulator reviews crypto asset classifications while awaiting harmonization

6.7.2022
The Belgian Financial Services and Markets Authority created a chart to differentiate crypto asset securities, investment instruments and financial instruments

‘Crypto: The Musical’ Aims for Broadway

6.7.2022
Crypto has already established a foothold on Wall Street – but what about the Big Apple’s most famous avenue? If Amanda Cassatt has it her way, “Crypto: The Musical” could be the next show to hit Broadway

Three Execs Leave JPMorgan this Week to Join Crypto Firms

6.7.2022
JPMorgan executives are leaving the mega-bank for gigs at Algorand and other crypto startups

Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge

6.7.2022
On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Bitmain Launches...

Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government

6.7.2022
In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament

Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise

6.7.2022
The digital currency firm Etoro has revealed it is laying off 100 workers or roughly 6% of the company’s workforce. Furthermore, Etoro disclosed that the company is terminating the special purpose acquisition company (SPAC) merger planned with Fintech Acquisition Corp. Etoro says the company...

The EU Just Agreed to Major Crypto Laws - So What Happens Now?

6.7.2022
CoinDesk looks at what EU crypto companies can expect after the bloc sealed deals on the political shape on anti-money-laundering and licensing laws

Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High

6.7.2022
SAND surged by as much as 12% on Wednesday, as prices moved to a ten-day high during the session. The rise comes as crypto markets were mostly in the green, with AVAX also rising over the course of the day. As of writing, the global crypto market cap is nearly 3% higher. The Sandbox (SAND) […]

DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts

6.7.2022
Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said. Discussing the troubles currently faced by centralized crypto lenders like Celsius (CEL), Voyager...