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Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin

[Jun 28, 2023 6:16 AM] The firm bought over 12K bitcoin for $347 million in the last two months.

Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs

[Jun 28, 2023 6:00 AM] Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report.

Horizen Scraps Privacy Coin Moniker Amid Regulatory Scrutiny

[Jun 28, 2023 5:25 AM] Horizen says it's now simply a layer 0 blockchain after depreciating the shielded pools on its main chain.

Crypto Exchange KuCoin to Introduce Mandatory ID Checks Next Month

[Jun 28, 2023 4:59 AM] As of July 15, new customers will be required to complete identification checks to use KuCoin's services.

CFX Drops 6% After Conflux Network Says DWF Labs Bought $18M of Its Tokens

[Jun 28, 2023 4:57 AM] Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.

Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue

[Jun 28, 2023 4:42 AM] Australia's Treasury said on Wednesday it recognises the seriousness of de-banking and that it understands inaction could drive business underground after instances of banking partners cutting-off crypto platforms in the nation.

EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee

[Jun 28, 2023 4:29 AM] Officials want a digital payment system available to “everyone, everywhere, for free.”

Bitpanda Pro Rebrands, Raises $33M in Peter Thiel-Led Round

[Jun 28, 2023 4:25 AM] Thiel’s Valar Ventures led the fundraise for One Trading, which is now fully separated from Bitpanda.

Azuki NFT Prices Slide 44% After Creator Releases 'Basically Identical' Elementals

[Jun 28, 2023 2:36 AM] Elementals became the most-hyped and largest NFT offering in recent months, but community reaction has been critical.

Shanghai Clearing House Introduces Support for Digital Yuan Settlements

[Jun 28, 2023 2:00 AM] The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk…

‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate

[Jun 28, 2023 1:53 AM] Creditors accuse CEO Zac Prince of defrauding customers and the company of “mischief” in delaying a wind-up.

Sony Network Communications Invests $3.5M in Singapore Web3 Company Startale Labs

[Jun 28, 2023 1:50 AM] Sony previously worked with Startale Labs to organize a web3 incubator.

Crypto Miners Sent Over $1B Bitcoin to Exchanges Over Two Weeks: CryptoQuant

[Jun 28, 2023 1:36 AM] Miners usually sell bitcoin at favorable prices to keep their extensive computing operations running.

Bitcoin Bulls Getting Ready for Seasonal Surge: Matrixport

[Jun 28, 2023 1:01 AM] The largest cryptocurrency by market cap tends to rally in the month of July, the report said.

Israel Seized $1.7M in Crypto From Iranian Military and Hezbollah With Chainalysis' Aid

[Jun 28, 2023 12:43 AM] Israel's government has seized $1.7 million in cryptocurrency from accounts linked to the Iranian military and the Iran-backed Hezbollah militant group in Lebanon.

TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether

[Jun 28, 2023 12:25 AM] TUSD trades at a discount versus Tether as former FTX provider Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.

TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team

[Jun 27, 2023 11:49 PM] Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the collapse of FTX.

Voyager to Pay $1.1M Legal Fees for April

[Jun 27, 2023 11:47 PM] Some of the firm’s attorneys billed Voyager upwards of $150,000 for their work during the month.

EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators

[Jun 27, 2023 11:22 PM] Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry.

Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns

[Jun 27, 2023 10:00 PM] In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention to take decisive action against the crypto custodian Prime Trust. The regulatory body seeks to not…

First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’

[Jun 27, 2023 7:30 PM] ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance…

FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report

[Jun 27, 2023 6:00 PM] On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury…

UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission

[Jun 27, 2023 5:01 PM] The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.

Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%

[Jun 27, 2023 4:53 PM] Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said.

FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg

[Jun 27, 2023 3:27 PM] The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.

Latin American Crypto Firm Ripio Approved to Operate in Spain as an Exchange

[Jun 27, 2023 2:25 PM] It’s the latest in a number of licenses to crypto companies granted by the Bank of Spain.

Nevada FID Files Court Petition To Place Prime Trust In Receivership Over Financial Woes

[Jun 27, 2023 2:16 PM] Nevada's Financial Institutions Division has taken legal action against Prime Trust LLC, filing a court petition to place the company in receivership. The Division cited concerns about Prime Trust's unsafe and unsound operations as well as its…

Russians Turned to Tether During Wagner Revolt

[Jun 27, 2023 2:00 PM] Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data…

Azuki 'Elementals' NFT Mint Sells Out in 15 Minutes, Raking in $38M

[Jun 27, 2023 1:22 PM] Existing Azuki and BEANZ holders got first dibs on minting the collection, which sold out before making it to public sale.

TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says

[Jun 27, 2023 12:44 PM] The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.