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Scammer Steals $2.8M in Bitcoin by Posing as Police

UK police are working to recover a victim’s funds after a scammer managed to steal 2.1 million British pounds ($2.8 million) worth of Bitcoin from them by impersonating a senior police officer.  North Wales Police Cyber Crime team said on Tuesday it is investigating the Bitcoin (BTC) theft, saying the case “highlights a disturbing new…
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Bitcoin Sentiment Returns To Neutral After 10% Market Drop

Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier.  However, analysts have been quick to warn that more volatility lies ahead.  Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday,…
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Biotech-Turned BNB Treasury Firm Falls 77% After Nasdaq Delisting

Windtree Therapeutics, a biotech company that established a BNB treasury strategy last month, fell 77% on Wednesday after the Nasdaq informed the firm it would be delisted from the stock exchange for failing to meet compliance requirements. The noncompliance concerned Nasdaq Listing Rule 5550(a)(2) that requires a company’s stock to maintain a minimum bid price…
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Coinbase CEO Brian Armstrong Tips $1M For Bitcoin By 2030

While Coinbase CEO Brian Armstrong has become the latest crypto executive to predict Bitcoin to reach $1 million by 2030, one crypto analyst warns investors should not get ahead of themselves after Bitcoin fell to $112,676 this week, retreating 9% from its all-time high.  The US is a “bellwether for the rest of the G20”…
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Fed Governor Waller Tells Peers, Bankers Not To Be Scared Of DeFi

US Federal Reserve Governor Christopher Waller told his peers and the private banking sector that there’s “nothing to be afraid of” about crypto payments despite it operating outside the traditional banking system. “There is nothing scary about this just because it occurs in the decentralized finance or DeFi world — this is simply new technology…
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Judge Unfreezes $57.6 Million in Stablecoins

A US judge has unfrozen $57.6 million in USDC (USDC) stablecoins tied to the Libra token scandal in February, giving memecoin promoter Hayden Davis and former CEO of the Meteora decentralized exchange Ben Chow access to the funds. US judge Jennifer L. Rochon froze the funds in May as part of a hearing in a…
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Winklevoss Twins Donate $21M BTC To Pro-Trump PAC Ahead Of US Midterms

Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, said they had sent more than $21 million worth of Bitcoin to a political action committee (PAC) with the expressed intention of helping US President Donald Trump’s crypto agenda with a Republican majority in Congress. In a Wednesday X post, Tyler Winklevoss said they contributed more…
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US Will Lose Global Lead in Blockchain if Regulations Are Not Passed Soon

Panelists at the Wyoming Blockchain Symposium said it is not too late for the United States to catch up to the crypto regulatory frameworks in other regions, but warned that inaction might lead to stagnation and the US falling behind other countries. “I don’t think it’s too late, even with the Markets in Crypto Assets…
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Crypto Advocacy Groups Double Down On Support Of Prospective CFTC Chair

Several cryptocurrency and blockchain associations advocating for the industry are pushing for a “prompt confirmation” of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC). In a Wednesday letter to US President Donald Trump, representatives from several crypto organizations reiterated their support for Quintenz’s confirmation in the Senate following the president’s nomination.…
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Bitcoin And Altcoins Bounce Off Daily Lows As Bulls Buy Dips

Key points: Bitcoin’s drop has resulted in net outflows from BTC ETFs on Tuesday, but buyers are likely to step in and arrest the decline near $110,530. Ether bulls are trying to flip the $4,094 level into support, indicating a positive sentiment. Bitcoin (BTC) is attempting to bounce off the immediate support near $112,000, but…
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