Circle Advocates for Stablecoins in Binance’s Ongoing SEC Lawsuit

Circle Advocates for Stablecoins in Binance’s Ongoing SEC Lawsuit

Coinbase faces regulatory and market challenges but continues to expand. CEO Brian Armstrong notes U.S. regulatory ambiguity. Key Points: In the midst of the Securities and Exchange Commission (SEC)’s legal pursuit of Binance, Circle, the issuer of the stablecoin USDC, has entered the fray, ardently arguing that stablecoins are not securities and therefore should not be subjected to financial trading …

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Crypto Lobby’s Efforts Overshadowed by Federal Budget

Crypto Lobby’s Efforts Overshadowed by Federal Budget

Crypto firms lobby for favorable regulations, facing challenges as the federal budget and Senate focus on other issues and crypto scrutiny intensifies. Key Takeaways In a significant move to push for industry-friendly crypto laws, executives from numerous digital asset companies have come together for meetings with lawmakers. This grassroots advocacy initiative is organized jointly by Coinbase, the U.S.’s largest crypto …

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South Korea's Leading Crypto Exchange Upbit Faces Security Breach

South Korea’s Leading Crypto Exchange Upbit Faces Security Breach

South Korea’s Upbit crypto exchange faces a security breach, impacting 100,000 accounts with $3.4 billion in counterfeit tokens, questioning its reliability. Highlights: In a startling development, Upbit, the largest cryptocurrency exchange in South Korea, has been compromised due to fraudulent deposits, endangering the security and integrity of its platform and impacting nearly 100,000 user accounts. The incident has led to …

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Top Cryptocurrencies to Purchase in September - Stacks, Litecoin, VeChain

Top Cryptocurrencies to Purchase in September – Stacks, Litecoin, VeChain

Major investors monitoring cryptocurrencies like Stacks, Wall Street Memes, Litecoin, and Bitcoin BSC amid ongoing regulatory discussions. Key Points A group of U.S. senators, led by Senator Elizabeth Warren, is advocating for increased regulation and oversight of the cryptocurrency industry. This move aims to combat illicit financial activities often associated with cryptocurrencies. Nine additional senators from both parties have joined …

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Russian CBDC & Biometric Data Projects Not Linked, Bank Claims

Russian CBDC & Biometric Data Projects Not Linked, Bank Claims

The Russian Central Bank clarified that its digital ruble and biometric data collection are unrelated, with voluntary participation, aiming to prevent scams. Key Points The Russian Central Bank recently addressed growing concerns about the link between its Central Bank Digital Currency (CBDC), the digital ruble, and the country’s biometric data collection initiative. Elvira Nabiullina, the Governor of the Russian Central …

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Coinbase’s Base Surpasses Solana in TVL

Coinbase’s Base Surpasses Solana in TVL

Coinbase’s Layer 2 blockchain platform, Base, has exceeded Solana in total value locked (TVL) at $374.43 million, attributed to the success of the social app FriendTech. Summary Coinbase’s Layer 2 blockchain platform, Base, has been making significant strides lately, overtaking Solana in terms of total value locked (TVL). According to data from DefiLlama, Base’s TVL stands at an impressive $374.43 …

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Author of ‘Black Swan’ Controversy with Bold Interpretation

Author of ‘Black Swan’ Controversy with Bold Interpretation

Nassim Nicholas Taleb’s criticism of Bitcoin’s finite supply challenges its value proposition, highlighting ongoing debate in the cryptocurrency community. Key Points “Black Swan” author Nassim Nicholas Taleb has recently unleashed a barrage of criticism directed at Bitcoin, specifically targeting its commonly touted advantage of a finite supply of 21 million coins. Taleb’s comments have created a stir within the cryptocurrency …

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FTX Lawyers Outrage Over Inadequate Prison Internet Access

FTX Lawyers Outrage Over Inadequate Prison Internet Access

FTX founder’s defense argues that subpar prison Wi-Fi is hampering trial preparation, underscoring the importance of reliable internet access in the justice system. Key Points Having poor internet connection is not just inconvenient — it could also impact the course of justice; that is what lawyers for FTX founder Samuel Bankman-Fried are arguing in a recent court filing. Former FTX …

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SEC Settles Charges Against Fintech Firm Linus Financial

SEC Settles Charges Against Fintech Firm Linus Financial

The SEC settles charges against Linus Financial for selling an unregistered cryptocurrency lending product. Key Points The US Securities and Exchange Commission (SEC) made an announcement on Thursday regarding the settlement of charges against Linus Financial, a fintech firm based in Tennessee, over the sales of an unregistered cryptocurrency lending product. The SEC stated that it will not impose civil …

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Crypto Cynic Becomes Singapore's New President

Crypto Cynic Becomes Singapore’s New President

Singapore elects Tharman Shanmugaratnam as its new president, previously known for skepticism toward cryptocurrencies, now emphasizing “ultra clarity” and a balanced regulatory approach. Key Points Singapore recently elected Tharman Shanmugaratnam as its 9th president, succeeding Halimah Yacob. While Shanmugaratnam had previously referred to cryptocurrencies as “inherently purely speculative and slightly crazy,” the role of the President in Singapore is mostly …

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