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Lil Tay Crypto Token 'LilTay' Emerges on BNB Chain Amidst False Reports on Rapper's Death
12.8.2023
False reports about the death of internet-famous 14-year-old rapper Lil Tay have triggered the emergence of an unofficial crypto token named "LilTay" on the BNB Chain.
The launch of the token coincides with the development of an Ethereum-based "Liltay Token" by her ex-manager, Harry Tsang.
The...
Nigerian Association of Money Changers Calls for Banning of Binance
12.8.2023
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated...
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC's Coinbase Lawsuit
12.8.2023
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...
S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years
12.8.2023
South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years.
Per the media outlet Asia Kyungjae, the alleged scam saw 8,000 people left out of pocket.
The scammers allegedly offered individuals “payouts” if they paid their...
Senator Lummis files Amicus Brief supporting Coinbase's dismissal motion against SEC
12.8.2023
Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto
Senator Lummis files amicus brief supporting Coinbase’s dismissal motion against SEC
12.8.2023
Senator Cynthia Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...
Best Crypto to Buy Now 11 August – Fantom, Rocket Pool, Sui
11.8.2023
The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on Ark Invest's proposal for a Bitcoin ETF, continuing a longstanding challenge for cryptocurrency assets seeking inclusion on mainstream U.S. financial platforms.
The SEC announced on Friday its move to solicit...
AI Crypto Signals Made Easy for Newcomers with New Crypto Startup yPredict – $3.4 Million Raised So Far
11.8.2023
Financial markets have always been unpredictable. Investors have traditionally sought assistance from experts, charts, and algorithms to make informed decisions. But the rise of technology, particularly artificial intelligence, has brought about tools that are changing the face of trading.
With...
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase's L2
11.8.2023
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
11.8.2023
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram
Sam Bankman-Fried is Heading Back to Jail For Witness Tampering After Judge Ruling
11.8.2023
Disgraced former FTX CEO Sam Bankman-Fried is being sent back to jail over alleged witness tampering.
US District Judge Lewis Kaplan stated that there is probable cause to believe that the defendant attempted to tamper with witnesses on at least two occasions.
Bankman-Fried had been staying...
Venture Firm a16z Dives into ZK Technology Research with 'Jolt' and 'Lasso' Projects
11.8.2023
Prominent VC firm Andreessen Horowitz (a16z) has unveiled two open-source software projects focused on zero-knowledge (ZK) proofs.
These projects aim to accelerate the core technology behind ZK proofs, a promising type of cryptography that can help scale blockchains by increasing transaction...
Here’s what happened in crypto today
11.8.2023
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation
Visa Eyes Mass Adoption of Crypto by Testing On-Chain Gas Fee Payment Through Fiat
11.8.2023
Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post
Worldcoin Extends WLD Reservation Access to Unverified Users
11.8.2023
The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.
The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart...
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
11.8.2023
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds
Campaign-Finance Charges Are Back on the Menu
11.8.2023
I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop...
United States CBDC Debate Goes Mainstream As Post Malone Takes Swipe At “Digital Dollar”
11.8.2023
American rapper, Post Malone has criticized the idea of a potential United States Central Bank Digital Currency (CBDC) describing it as a means of government control.
The celebrity dropped his two cents on the issue on the popular podcast, the “Joe Rogan Experience” where the duo fired shots...