Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case. In a Friday social media post, Dragonfly Capital managing partner Haseeb Qureshi defended the firm’s early backing of…
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Key points: Bitcoin has pulled back into the $115,000 to $110,530 support zone, where buyers are expected to mount a strong defense. ETH has been holding near the overhead resistance as investors pour money into the spot ETH ETFs. Repeated failure to maintain Bitcoin (BTC) above the $120,000 level in the past few days may…
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Defense attorneys representing Tornado Cash co-founder and developer Roman Storm will reportedly rest their case sometime next week, sending the matter to the jury. According to reporting from Inner City Press on Friday, Judge Katherine Failla said she expected to hear closing statements from prosecutors and Storm’s legal team on Tuesday or Wednesday. The timeline…
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Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy,…
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Opinion by: Angie Darrow, chief marketing officer and chief ecosystem communications officer at Web3 Foundation When a temporary data cloud outage can disrupt the global financial system — as the AWS Tokyo outage demonstrated in April — something’s gone wrong with the infrastructure that underpins today’s data economy. In the early hours of April 12,…
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After years of lagging behind global competitors, the US may finally be catching up on crypto policy, according to Senator Cynthia Lummis. In the latest episode of “Decentralize with Cointelegraph,” the Wyoming senator said recent developments mark a turning point. Milestones and progress “There were at least two significant milestones,” Lummis said, referring to last week’s…
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Corporate adoption of Bitcoin is accelerating, with 35 publicly traded companies now holding at least 1,000 BTC each, signaling growing institutional interest in the world’s largest cryptocurrency. Demand for Bitcoin (BTC) soars among public companies four months after US President Donald Trump’s executive order outlined the creation of a federal Bitcoin reserve for the world’s…
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Nigeria’s Securities and Exchange Commission (SEC) Director-General Emomotimi Agama said the country is open to stablecoin businesses that comply with local regulations. According to a Thursday report by English-language local news outlet, The Cable, Agama said stablecoin companies that comply with local regulations are welcome in Nigeria. “Nigeria is open for stablecoin business, but on…
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An Arizona woman was sentenced to more than eight years in federal prison for helping North Korean operatives infiltrate US cryptocurrency and tech firms using stolen identities and fraudulent documents. According to a Thursday announcement by the US Attorney’s Office for the District of Columbia, Christina Marie Chapman was convicted of wire fraud conspiracy, aggravated…
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Key takeaways: A whale bet $23.7 million targeting Bitcoin at $200,000 by year-end, signaling strong bullish conviction. Analysts say Bitcoin remains bullish, but $115,000 will be key for uptrend continuation. Bitcoin (BTC) took out bid liquidity on Friday as an unknown trader made a significant bullish bet targeting a BTC price of $200,000 by the…
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