A town in Michigan that has no crypto ATMs has passed an ordinance that puts multiple restrictions on the kiosks and their operators with the aim of protecting residents from scams. The city council of Grosse Pointe Farms, a small town just outside of Detroit, Michigan, passed the ordinance at a meeting on Tuesday after…
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American financial services firm Cantor Fitzgerald is reportedly planning to acquire more than $3.5 billion worth of Bitcoin from Adam Back’s Blockstream Capital. Brandon Lutnick, the 27-year-old son of US Commerce Secretary Howard Lutnick, is close to finalizing a deal to purchase Bitcoin (BTC) through his firm Cantor Fitzgerald, according to reports in the Financial…
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Bitcoin price predictions are coming thick and fast after Monday’s all-time high, and one analyst is tipping Bitcoin to reach $135,000 before a significant market correction. Before this breakout, there were almost two months of consolidation, which now feels like “ancient history,” Fairlead Strategies founder and managing partner Katie Stockton told CNBC on Monday. She…
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Bitcoin is being positioned as a primary defense against a looming US financial crisis, next to gold, and is likely one of the main drivers fueling its current rally, according to an analyst. Bitcoin (BTC) just topped $121,000 in a new record high on Monday, “but this rally isn’t driven by hype — it’s fueled…
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The US has charged two men, alleging they operated and promoted a crypto investment scheme called OmegaPro that defrauded investors out of over $650 million. The Department of Justice said on Tuesday that it unsealed an indictment in a federal court in Puerto Rico against Michael Shannon Sims — an alleged founder, strategic consultant and…
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Mainstream media coverage of Bitcoin and crypto in the second quarter was polarized and lacking in volume despite the cryptocurrency reaching an all-time high, says market intelligence firm Perception. There were a total of 1,116 articles published by 18 mass media outlets in the second quarter, which revealed a “deeply polarized narrative landscape” in media…
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Bitcoin could set a new record high as early as this week, with all eyes trained on the United States’ trade tariff deadline on Wednesday, which could unlock risk appetite, along with an upcoming “Crypto Week” in the country’s capital. “Bitcoin is likely to set a new all-time high this week or next,” the head…
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Another solo Bitcoin miner has just hit the jackpot, mining an entire Bitcoin block with a relatively low-powered rig and netting themselves just under $350,000 in Bitcoin. Bitcoin historian Pete Rizzo said the solo miner “beat incredible odds” on Thursday to mine an entire block. The administrator of the Bitcoin mining pool CKpool, where the…
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Several Bitcoin mining firms reported lowered BTC production in June, mainly due to power curtailment in Texas. Riot Platforms produced 450 Bitcoin (BTC) in the month, a 12% decline from May, when the firm mined 514 BTC, it stated in an announcement on Thursday. Riot CEO Jason Les said the firm’s power strategy includes “economic…
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The governor of Arizona has rejected a bill that would have seen the US state hold on to seized crypto assets in a fund. Arizona Governor Katie Hobbs vetoed House Bill 2324 on Tuesday, stating in a letter that it “disincentivizes local enforcement from working with the state on digital asset forfeiture by removing seized…
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