Author: Cointelegraph By Stephen Katte

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Belarus Urges Banks Adopt Crypto as Sanctions Bite Economy

Belarusian President Alexander Lukashenko has reportedly pushed the country’s banks to expand how they use crypto, admitting that sanctions have greatly impacted the economy. Lukashenko told the heads of Belarus’ central and commercial banks in a meeting that the use of digital tokens needs to be expanded, the state-owned Belarusian Telegraph Agency reported on Tuesday.…
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Metaplanet, El Salvador Boost Bitcoin Holdings, Saylor Teases New Purchase

Japanese investment company Metaplanet and crypto-friendly country El Salvador bought more Bitcoin on Monday as the Bitcoin Fear & Greed Index returned to “neutral” after several days in “fear.”   Metaplanet said in a fresh disclosure on Monday that it had purchased an additional 136 Bitcoin (BTC), increasing its total stash to 20,136, worth over $2.2…
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Banking Barriers Still Frustrate Crypto Users and Exchanges in Australia

Crypto users in Australia are still facing banking barriers when engaging with exchanges and other crypto businesses, according to a recent survey, while industry executives say clearer rules from the government could be the silver bullet that fixes the problem.  A Binance survey of 1,900 Australians released on Thursday found 58% of respondents wanted easy…
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John Deaton Says XRP Community Helped Sway SEC Lawsuit Outcome

XRP tokenholders were a tipping element that helped secure Ripple Labs’ win against the US securities regulator, which ultimately ended last month when both sides agreed to drop appeals.  The SEC sued Ripple in 2020, accusing it of selling the XRP (XRP) token as an unregistered security. Judge Analisa Torres ruled in 2023 that only…
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Crypto Losses Reach $163 Million in August as Big Wallets Targeted

Crypto hackers and scammers stole over $163 million from the crypto space in August across 16 separate attacks — with a social engineering attack against a Bitcoiner accounting for the lion’s share of losses.  Blockchain security firm PeckShield said in an X post on Monday that August’s losses are a 15% increase compared to July,…
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Bitcoin Whale Buys More Ether as Market Matures

The “Bitcoin OG,” which began rotating its $11.4 billion fortune to Ether in August, has continued buying ETH over the weekend and now holds $3.8 billion of it, onchain data shows. In its latest move, the Bitcoin whale sold 4,000 Bitcoin (BTC) worth $435 million, exchanging it for 96,859 spot Ether over a 12-hour splurge,…
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Investment Advisers Outpace Hedge Funds in Bitcoin and Ether ETFs

Investment advisers are the largest trackable cohort outside of retail that are buying Bitcoin and Ether exchange-traded funds, according to new data from Bloomberg Intelligence.  Bloomberg ETF analyst James Seyffart said in an X post on Wednesday that investment advisers are “dominating the known holders” of Ether ETFs, investing over $1.3 billion or 539,000 Ether…
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Prosecutors Appeal HashFlare Ponzi Ruling After Time Served Sentence

US prosecutors appealed the sentences of time served given to the co-founders of HashFlare, a crypto mining service and $577 million Ponzi scheme. Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences handed down earlier this month to Sergei Potapenko and Ivan Turõgin. Potapenko and Turõgin were in custody…
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Kristin Johnson to Exit CFTC Next Week

Outgoing US Commodity Futures Trading Commission commissioner Kristin Johnson says she will be leaving the regulator next week, on Wednesday, Sept. 3, after saying earlier this year she’d leave the agency before 2026 after completing her term. Johnson said in a statement on Tuesday she considered it an “honor and privilege” to work as a…
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UAE Holds $700 Million in Bitcoin From Mining Operations

The United Arab Emirates (UAE) holds around $700 million in Bitcoin, which has been largely accumulated from mining operations, according to the blockchain analytics platform Arkham Intelligence. Arkham said in an X post on Monday that it has become one of the first to publicly identify the UAE government’s wallets, finding that their wallet addresses…
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