Kenya’s Assets Recovery Agency (ARA) has frozen at least $888,030 in cash and tether stablecoins tied to a multi-layered money laundering operation. Parallel Channels Used to Evade Detection Kenyan investigators have seized and frozen at least $888,030 (115 million Kenyan shillings) linked to two residents after tracing a multi-layered money laundering operation that allegedly moved …
Monthly archives: July 2026
Former House Financial Services Chair: CLARITY Act’s Passage Is ‘When, Not If’
Former House Financial Services Committee Chairman Patrick McHenry told Bloomberg the CLARITY Act’s passage is “a question of when, not if,” days after comparing the crypto market structure bill to the 1996 Telecommunications Act. A Telecom-Sized Comparison Patrick McHenry, the former chairman of the House Financial Services Committee who helped shepherd the CLARITY Act through …
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Bitcoin Traders Trigger $87M in Liquidations After BTC Slides Below $64,000
Bitcoin fell below $64,000 after reaching nearly $67,000 mid-week, dropping its market cap to $1.285 trillion and triggering $312 million in total crypto liquidations. Bitcoin Reverses Gains as Liquidations Mount Bitcoin briefly slipped below $64,000 on Friday, positioning the top cryptocurrency to end the week flat after nearly reaching $67,000 on Wednesday. The reversal occurred …
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Exploiting Private Data: Lawsuit Claims BitMEX Used ‘God Access’ to Force Customer Liquidations
The complaint, which includes former BitMEX CEO Arthur Hayes and former CTO Samuel Reed as defendants, alleges that the exchange operated a fraudulent scheme from an insider desk managed by Head of Business Development Gregory Dwyer to trade against its users. BitMEX Accused of Trading Against Its Users in New Complaint BitMEX, the cryptocurrency exchange …
Ether ETFs Add $26 Million as Bitcoin’s 7-Day Streak Ends
U.S. spot bitcoin ETFs recorded $225.18 million in net outflows on Thursday, ending a seven-session inflow streak. Ether funds moved in the opposite direction, adding $26.32 million on the second anniversary of their market debut. Bitcoin ETFs See $225 Million Exit as Net Assets Fall Below $80 Billion The week’s strongest crypto exchange-traded fund (ETF) …
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$500,000 Drained From New York Banks in Scam Allegedly Involving City Employees: DOJ
Federal authorities are accusing eight people of orchestrating a scheme that used fake checks to steal $500,000 from New York banks. The group deposited falsified checks totaling $3 million into accounts, though only half a million cleared before cash withdrawals occurred, says the U.S. Department of Justice. Bianca Vieux allegedly led the ring by enlisting …
EU authorities include HTX exchange in Russian sanctions
The exchange, already sanctioned by the UK, is now on a list of 18 entities “providing crypto-assets services or payment services“ in defiance of the EU’s measures against Russia. The European Union has listed cryptocurrency exchange HTX, formerly Huobi Global, as part of a package of sanctions targeting Russia amid the country’s war on Ukraine. …
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Strive’s SATA recovers most of June decline, trades within 3% of par
Jan3 CEO Samson Mow says the recovery could signal renewed confidence in preferred-share products used by Bitcoin treasury companies. Strive’s SATA preferred shares have rebounded from a June low of $83.30 to about $97, recovering most of the selloff and moving back within roughly 3% of their $100 par value, according to Yahoo Finance data. …
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House passes bill on lawmakers using insider information for stock trading
According to Senator Elizabeth Warren, the House bill “won’t solve the problem“ of insider trading in Congress as lawmakers will still be allowed to own and sell stocks. The US House of Representatives has passed a bill that would ostensibly prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks. In …
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Crypto advocacy groups support CLARITY passage as ethics rules face pushback
The window for US lawmakers to address a comprehensive crypto market structure bill before the 2026 elections is closing, and industry organizations are calling for action. The Crypto Council for Innovation, Digital Chamber and Blockchain Association wrote to US Senate leaders on Friday calling for the chamber to prioritize “floor consideration” of the Digital Asset …
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Internet Freedom Foundation calls India’s BitChat GitHub takedown order ‘unconstitutional’
The digital rights group says India’s order to remove Jack Dorsey’s BitChat repositories from GitHub exceeds the government’s legal authority and threatens free speech. India’s Internet Freedom Foundation (IFF) has condemned a government order directing GitHub to remove repositories for Jack Dorsey’s decentralized messaging app BitChat, calling the move unconstitutional and warning it threatens free …
Bitcoin Miner Poolin Technology Files Chapter 11 With $173M Debt as $52M Asset Sale Moves Forward
Bitcoin mining pool Poolin Technology and its U.S. affiliates have filed for Chapter 11 bankruptcy in New Jersey to sell their remaining assets and liquidate operations. Debt and Affected Users Poolin Technology, once a dominant Bitcoin mining pool operator, has filed for Chapter 11 bankruptcy protection and is seeking court approval to sell its remaining …
Sui’s Hashi Testnet Goes Live, Targeting a Slice of Bitcoin’s $1.4 Trillion Market
The Sui Foundation and Mysten Labs launched the testnet for Hashi earlier this week, a Bitcoin-collateral protocol that lets BTC back onchain loans without ever leaving the Bitcoin network. A Bridge Built to Avoid Bridges The Sui Foundation and Mysten Labs confirmed Hashi’s testnet went live on July 22, the latest step in a project …
Pennsylvania Healthcare Provider Agrees to $3,000,000 Settlement Over Data Breach That Impacted 624,496 People
A Pennsylvania healthcare services company has agreed to a $3 million class-action settlement stemming from a major cybersecurity incident. Healthcare Services Group reached the agreement in Williamson et al. v. Healthcare Services Group, Inc., reports HIPAA Journal. The firm supplies environmental, dining, and nutritional support services across thousands of long-term care and healthcare facilities in …
Crypto Biz: Is the AI-to-crypto rotation underway?
Bitcoin ETF inflows, cooling AI momentum and potential regulatory progress under the CLARITY Act are fueling speculation that capital is rotating back into crypto. Crypto markets showed renewed signs of life this week as institutional investors fueled the longest streak of inflows into US spot Bitcoin exchange-traded funds (ETFs) since April and crypto-linked stocks rallied …
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