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Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands

CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the…

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Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14

Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time…

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150,000 Ether Floods Liquid Staking Platforms in 27 Days

In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH…

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Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network

Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The…

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SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures

The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and…

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Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status

A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency…

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Connecticut Police Recover $63,500 in Cryptocurrency Scam

Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The…

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Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering

Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s…

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Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype

A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If…

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SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes

The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm…

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