Australian police are warning the public about transnational criminal networks using AI to construct sophisticated, end-to-end fake cryptocurrency investment ecosystems. National ‘Clickfit’ Campaign Expands Awareness Criminal syndicates are increasingly deploying artificial intelligence to construct deceptive, end-to-end investment schemes that have siphoned tens of millions of dollars from Australian investors, law enforcement officials warned. The Australian …
Monthly archives: July 2026
CLARITY Act Has Two Weeks to Clear the Senate — Or Risk Getting Lost in Midterm Politics
The Senate faces a narrowing window before its August recess to pass the CLARITY Act, while an ethics dispute threatens legislation establishing a comprehensive regulatory framework for U.S. digital asset markets. August Recess Creates a Critical Deadline Lawmakers enter a decisive two-week stretch as bipartisan negotiators attempt to settle their remaining differences before the Senate …
Crypto Industry Fuels US Growth With $55,000,000,000 Boost and Hundreds of Thousands of Jobs: Report
Crypto is now a driving force behind the expansion of the US economy, according to a new report The sector is expected to generate $55 billion in total economic output this year while sustaining 232,000 positions nationwide, including 34,000 direct roles at crypto companies, reports the National Cryptocurrency Association (NCA). The figures indicate that crypto …
Michigan Funeral Director Embezzles Over $1.1 Million From Prepaid Funeral Plans of Vulnerable Residents
A Michigan resident has stolen more than $1 million from hundreds of people who paid money in advance to secure the funeral arrangements of their loved ones. Terry Kaufman, the director of Kaufman and Company Funeral Home, pleaded no contest to 39 felony counts involving embezzlement and related charges after running a prepaid funeral scheme, …
Ethereum ETFs close week in red, end 5-day inflow streak
Ethereum ETFs snapped a five-day inflow streak and Bitcoin ETFs logged a second day of outflows, though both funds extended their weekly inflow streaks to three. US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak. Ethereum funds saw $211.25 million in net inflows over the …
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Coinbase Rolls Out AI Agents Payment for Businesses in USDC, Calls it a ‘High-Conviction Bet’
Coinbase is allowing businesses to accept USDC payments directly from AI agents through Coinbase Business. The exchange is also expanding its agent trading tools and developer software as it bets that autonomous programs will become major participants in online commerce. Coinbase Lets AI Agents Pay Businesses in USDC as Machine Commerce Expands Coinbase is rolling …
$7 Trillion Financial Giant Fidelity Urges Senate to Pass CLARITY Act
Fidelity, a financial giant overseeing $7.1 trillion in managed assets, has entered Washington’s intensifying crypto debate by urging senators to establish nationwide rules for digital asset markets. Fidelity Brings Wall Street Heft to Crypto Campaign Fidelity Public Policy, the government affairs and public policy arm of Fidelity Investments, posted on X on July 24 calling …
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382,000-Member Police Group Supports Revised Crypto CLARITY Act
The 382,000-member Fraternal Order of Police endorsed the revised CLARITY Act after lawmakers added protections for criminal investigations, suspicious transaction holds, and digital asset seizures, even as Senate Democrats withheld support from the latest draft. Nation’s Largest Police Labor Group Reverses Course The National Fraternal Order of Police (FOP) has endorsed the latest version of …
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World Turns Three: Sam Altman-Backed Project Launches Phase 3 to Drive Real-World Utility
The new phase of World’s “Simple Plan” encompasses taking its proof of human functionality to apps, leveraging the ID functionality for use cases involving enterprise and consumer apps, and introducing agentic World ID for human-delegated agentic activity. Sam Altman’s World Reaches Third Phase of Expansion World, the controversial Sam Altman-backed biometric proof of human initiative, …
BitMEX Faces Proposed Class Action Seeking Return Of 622 BTC
BitMEX is facing a proposed class action in the Southern District of New York seeking the return of 622.66 BTC over alleged forced liquidations and platform misconduct. The complaint was filed on July 23, 2026, by BKX Services Inc. and David Namdar against HDR Global Trading Limited, Arthur Hayes, Benjamin Delo, Samuel Reed, and Gregory …
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CLARITY Act Delay Shows Crypto Market Structure Fight Is Not Over
The CLARITY Act appears unlikely to move through the Senate before the August recess, slowing the crypto market structure push at a moment when the industry had hoped for faster progress. The bill, formally listed on Congress.gov as H.R. 3633, the Digital Asset Market Clarity Act of 2025, is designed to create clearer rules for …
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Robinhood CEO X Hack Shows Why Crypto Scams Still Target Trusted Names
Robinhood CEO Vlad Tenev’s X account was compromised to promote a fake memecoin, giving crypto another reminder that social engineering still works best when it hijacks trust. Robinhood Communications confirmed the incident in a post on X, saying Tenev’s account had been compromised and that the company worked with X to resolve the issue. The …
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Poolin Files Chapter 11 As Bitcoin Miner Moves Toward $52M Asset Sale
Poolin Technology has filed for Chapter 11 bankruptcy protection, setting up an orderly wind-down and asset sale process tied to its West Texas mining operations. The filing was made on July 22, 2026, in the US Bankruptcy Court for the District of New Jersey under Case No. 26-18325. Poolin Technology PTE. Ltd. and its US …
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Kraken Brings CFTC-Regulated Perpetual Futures To US Traders
Kraken is bringing perpetual futures to eligible US traders through a regulated derivatives structure, and that is a notable shift for a product category that has usually lived outside the US market. The exchange said the product is offered through NinjaTrader Clearing, LLC, doing business as Kraken Derivatives US, a CFTC-registered Futures Commission Merchant. The …
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Grayscale Says Fed Policy Could Decide if Bitcoin Bear Market Ends Now or Runs to October
Grayscale says bitcoin could remain under pressure until September or October if its historic four-year cycle repeats. However, the asset manager believes economic growth and Federal Reserve policy now offer a more useful guide to the market. Zach Pandl Says Bitcoin May Have Bottomed if the Fed Avoids Another Rate Increase Bitcoin’s bear market may …