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Westlake Police Issue Alert on Blackmail Scams Involving Bitcoin

Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards,…

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Tether Invests $100 Million in Latam’s Agricultural Giant Adecoagro

Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to…

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Istanbul Police Arrest Omegapro Managers Over $4 Billion Crypto Fraud Scheme

Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest…

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20 Government Agencies in US, South Korea, and Japan Tackle North Korean Crypto Threats

The United States, Japan, and the Republic of Korea (ROK) held their third Trilateral Diplomatic Working Group meeting on Friday in Seoul to address North Korean cyber threats. Led by…

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Kamala Harris Gains Ripple Co-Founder Chris Larsen’s Endorsement

Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled…

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Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve

Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin…

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Bitcoin Hashrate Hits Record High as Prices Drop Below $55K

As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple…

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Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins

In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million.…

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Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses

A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting…

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Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking…

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