Crypto firms vulnerability to CrowdStrike blackout: Analyst insights

Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are.

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Consumers find more use cases onchain, devs face challenges: Solana Foundation

Decentralized finance is becoming more things to more people. Thats not easy to do.

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Taiko (TAI) Unveils Week 2 Challenge with Robot Faction Badge

Taiko (TAI) Trailblazers campaign continues with Week 2, introducing the Robot Faction Badge and bridging transactions to the Taiko mainnet. (Read More)

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Philosopher Yuval Noah Harari warns of AIs risks in finance

The bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system.

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Senator Advocating for Cryptocurrency Challenges Trumps Memecoin Dinner Report

Senator Cynthia Lummis has expressed skepticism regarding a dinner that was organized to promote a meme coin associated with former President Trump. The event, which took place in New York, aimed to generate interest in the cryptocurrency by leveraging Trump’s popularity. Lummis, however, has raised concerns about the legitimacy and sustainability of such coins. During [...]

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Crypto exchanges to meet Nigerian SEC chief for regulatory talks

The meeting is expected to ignite positive changes that benefit all crypto stakeholders in Nigeria and internationally.

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Post-FTX crypto industry needs education before regulation Former Biden adviser

What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation], the senior adviser told Cointelegraph.

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American Exchanges Ramp Up Investments in Cryptocurrency Derivatives Despite Trade Challenges

In the midst of trade uncertainties caused by tariffs, U.S. cryptocurrency exchanges are placing significant bets on derivatives. This move comes as a strategic response to volatile market conditions and changing regulatory landscapes. Trading in derivatives has become increasingly popular among digital asset exchanges in the United States. By offering derivatives products such as futures [...]

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Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns

In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents. Bybit to Pause Operations in Canada According to a Tuesday announcement, Bybit is withdrawing [...]

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UK Government Explores IP Challenges in Emergent Metaverse Ecosystems

A new UK government report delves into the complex realm of IP issues within the Metaverse, highlighting the lack of consensus on its definition and the IP challenges it poses. (Read More)

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David Sacks challenges crypto transaction tax concept

David Sacks Advocates Against Crypto Transaction Taxes In a recent development in the world of cryptocurrency, David Sacks has stepped forward to speak out against the imposition of transactional taxes on crypto transactions. Sacks, a prominent figure in the crypto community, believes that such taxes could stifle innovation and hinder the growth of the industry. [...]

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Analysts predict major challenges for Bitcoin in reclaiming $94,000

Bitcoin Price Faces Strong Resistance at $94K Level, Say Crypto Analysts Bitcoin’s price is currently at a critical juncture as it approaches the $94,000 level, with analysts signaling significant resistance at this key point. The leading cryptocurrency has been trading in a volatile range in recent weeks, experiencing both upward and downward movements. Many crypto [...]

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Challenges to Bitcoin Adoption in the EU: Analysts Blame Fragmented Regulations

As Bitcoin adoption continues to rise, experts are concerned about the fragmented regulations in the European Union. The lack of a unified approach to cryptocurrency regulation across EU member states is seen as a potential barrier to wider adoption and innovation in the region. Analysts point out that the varying regulatory frameworks in different countries [...]

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Nigeria Embraces Crypto Business Opportunities Despite Challenges: New Report

Nigeria Ventures into Crypto Industry Despite Turbulent History Nigeria is boldly stepping into the world of cryptocurrency despite facing challenges in the past. The country has shown a willingness to embrace this new technology and explore the opportunities it offers. In recent years, Nigeria has seen a growing interest in cryptocurrency trading and investment. This [...]

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Paul Atkins on the Verge of SEC Chair Position Despite Challenges: Report

Paul Atkins, the former SEC Chair during the Trump administration, recently testified at a Senate committee hearing. His appearance shed light on various aspects of financial regulation and policymaking. Atkins, known for his pro-business stance, emphasized the importance of striking a balance between investor protection and fostering market growth. During the hearing, Atkins praised the [...]

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Thriving Web3 Developers, Gamers, and Investors Defy Challenges of Indias Crypto Policy

The growth of Web3 developers in India is projected to see a significant increase by the year 2024. This surge is expected to be fueled by a rise in investment within the sector. Web3 technology, which focuses on decentralized applications and blockchain systems, has been gaining popularity globally, with India being no exception. With the [...]

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

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Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead

On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, [...]

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Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage

The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the floor value of the Cryptopunks NFT collection has been higher than BAYC’s [...]

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

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