US Attorneys in New York’s Southern District continued presenting their case against Tornado Cash co-founder and developer Roman Storm, expected to last about a month. According to reporting from Inner City Press inside the courtroom on Thursday, Assistant US Attorney Thane Rehn said the prosecution expected to close its case against Storm by the end…
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The Nasdaq stock exchange filed an application with the US Securities and Exchange Commission (SEC) on Wednesday on behalf of BlackRock to add staking to the asset manager’s iShares Ether (ETH) exchange-traded fund (ETF). If the application is approved, the fund would give investors exposure to staking rewards accrued from using the underlying Ether as…
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As home prices in Australia continue to outpace incomes, a company is rolling out a Bitcoin-backed mortgage, offering crypto holders a new way to access the property market without selling their assets. On Wednesday, Block Earner launched the country’s first Bitcoin-backed home loan after fighting with regulators in court for over two years. The product…
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Key point: Bitcoin (BTC) has been consolidating after hitting the all-time high of $123,218. Although BTC has not given up much ground, its falling dominance of the total crypto market capitalization shows that money is flowing into altcoins. Will Sui (SUI) be one of the beneficiaries this altseason? Let’s analyze the charts to find out.…
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Semler Scientific bought another $25 million in Bitcoin to push its holdings to nearly 5,000 BTC, but investors aren’t buying into the buzz. Even with its treasury strategy and big gains on its crypto investments, the medical technology company’s shares are down 22% year-to-date. Semler bought 210 Bitcoin (BTC) in the first week of July…
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After delays in Congress over Republican concerns with central bank digital currencies (CBDCs), the US House of Representatives has passed its first crypto legislation of the week. In a Thursday House session, lawmakers voted 294-134 to pass the Digital Asset Market Clarity (CLARITY) Act, a bill aimed at establishing a market structure for cryptocurrencies in…
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Key takeaways: Fidelity’s Jurrien Timmer believes Bitcoin is still mid-cycle in its adoption curve. 125 public companies now hold BTC, with digital asset products witnessing $3.7 billion in weekly inflows last week. First-time BTC buyers accumulated over 140,000 BTC in just two weeks, signaling renewed FOMO. Bitcoin (BTC) may be trading near highs around $120,000,…
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Key point: Bitcoin (BTC) is taking a breather, but a positive sign is that the bulls have not ceded much ground to the bears. That suggests the bulls are holding on to their positions as they anticipate the uptrend to resume. US-based BTC exchange-traded funds recorded $799.4 million in inflows on Wednesday, the tenth successive…
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Key takeaways XRP cloud mining doesn’t mine XRP; it funds BTC or ETH contracts using XRP. Promised returns (100%-800% APR) are often unsustainable and lack transparency. High risks include scams, volatility and hidden fees, with little regulatory oversight. Safer alternatives exist, like wrapped XRP in DeFi or regulated lending platforms. Can you really earn passive…
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As day four of “Crypto Week” kicks off, US Democratic and Republican lawmakers remain divided on the future of key legislation that will shape the country’s regulatory approach to digital assets. Votes were anticipated on the Clarity Act, the GENIUS stablecoin bill and the Anti-CBDC Surveillance State Act, but progress has been slowed by political…
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