Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC), earlier this year — buying two BTC for each of his seven children. Speaking in a July 26 Twitter space, Kennedy said the decision came after he received “a lot of criticism” from crypto industry pundits and the…
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Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22. “We suspect Lazarus Group, one of the most powerful hacker organisations, is responsible,” CoinsPaid explained in a July 26 post. While CoinsPaid…
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A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for cryptocurrencies, reducing regulatory red tape for crypto, and setting clearer rules for the industry. On July 26, the majority of U.S. lawmakers voted in favor of the Financial Innovation and Technology for the…
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A federal judge overseeing the criminal case against Sam Bankman-Fried, also known as “SBF,” will reportedly consider revoking the former FTX CEO’s $250 million bail based on allegations of intimidation against Caroline Ellison. In a July 26 hearing in United States District Court for the Southern District of New York, individuals on site reported Assistant U.S.…
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Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating their taxes based on earnings from staking tokens. Joshua and Jessica Jarrett received a refund check from the IRS in 2021 after filing a lawsuit arguing the IRS…
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The United States Securities and Exchange Commission (SEC) approved a set of sweeping changes to the rules governing the use of “optimization functions” by brokers in a committee vote on July 26. We have an upcoming @SECGov Open Meeting on July 26 | 10am ET We’ll be discussing:1⃣Cybersecurity Risk Management, Strategy, Governance, & Incident Disclosure2⃣Use…
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Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move. Source link
Bitcoin (BTC) shifted toward $30,000 on July 26 as the United States Federal Reserve delivered a fresh interest rate hike. BTC/USD 1-hour chart. Source: TradingView Bitcoin tames volatility ahead of Powell press conference Data from Cointelegraph Markets Pro and TradingView showed BTC price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25%…
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Canada’s financial watchdog is proposing changes to its capital and liquidity approach to crypto assets, according to an announcement on July 26. According to the Office of the Superintendent of Financial Institutions (OSFI), the proposed rules will simplify institutions’ approach to perceived crypto risks, defining four categories of crypto assets and their capital treatment. OSFI…
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Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory clarity for crypto and blockchain technology. In a July 26 markup hearing, the committee had several bills on its agenda, including the Financial Innovation and Technology for the 21st Century Act, Blockchain Regulatory…
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