A Mississippi woman has been arrested after authorities say she stole more than $18,000 from an elderly victim by forging stolen checks and cashing them for her own benefit. Shelia Williams, a 70-year-old resident of Golden, Mississippi, faces multiple forgery and theft charges, as well as a charge of financial exploitation of an elderly person, …
Category archives: Trending Crypto news
Crypto Witnesses ‘Biggest Consolidation Phase’ As Investors Become Much More Selective, Says ARK Analyst
A research director at ARK Invest says crypto is in the midst of a massive market shift, with three protocols now dominating revenue generation in the space. Three protocols now generate nearly 80% of all crypto application revenue, says ARK Invest’s Lorenzo Valente. Perpetual futures platform Hyperliquid (HYPE) and memecoin launchpad Pump.fun (PUMP) together drive …
Samsung unit explores stablecoin infrastructure with Upbit’s operator
Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit. Samsung SDS, the IT services arm of Samsung Group, is exploring stablecoin infrastructure, digital asset systems and AI-based payment models with Dunamu, the operator of Upbit, one of the biggest local cryptocurrency exchanges. Samsung SDS …
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Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
The FT said Situational Awareness has approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off. Situational Awareness, a hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported …
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Australia sues Telegram over alleged failures to remove terror content
Telegram faces Australian court proceedings after eSafety alleged the platform failed to detect and remove extremist material shared by users. Telegram, the messaging platform used by more than 1 billion people worldwide, is facing a major legal challenge in Australia over claims that it failed to stop the spread of terrorism-linked material. Australia’s online safety …
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Chinese newspaper warns of Bitcoin extortion scam using its name
China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. China Business Journal, a state-affiliated newspaper, has warned that fraudsters have been impersonating the publication to extort companies by demanding Bitcoin in exchange for suppressing damaging reports. In a statement issued Thursday, the newspaper said scammers used …
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Bitcoin ETF inflows return as Ether funds slip into outflows
US spot Bitcoin ETFs recorded $32.1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow streak. US-listed spot Bitcoin exchange-traded funds (ETFs) ended a four-session outflow streak on Wednesday, recording $32.1 million in net inflows. After posting more than $500 million in combined outflows over four straight trading sessions, spot …
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South Korea report proposes stablecoin rules before crypto law
Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act. South Korea should allow greater flexibility for stablecoin issuers, provide interim licensing guidance and phase in stablecoin regulation before completing its Digital Asset Basic Act, according to a policy report published Wednesday by Hashed Open …
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US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions
The US Treasury said HormuzSafe accepted Bitcoin and other digital assets to evade sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps. The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western …
Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July
Luno and Gnosis joined a widening round of crypto restructurings in July, when at least 12 companies reported job cuts. Crypto exchange Luno is reportedly cutting about 20% of its global workforce as it restructures operations and shifts more resources toward institutional clients, financial infrastructure and business-to-business services. According to a Bloomberg report on Tuesday, …
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Japanese game developer launches Bitcoin, altcoin fund with SBI
The Bitcoin and altcoin fund builds on Gumi’s growing crypto business centered around XRP, with the company nearly doubling its crypto holdings over the past year. Japanese game developer Gumi said it will begin operating a 3 billion yen (about $18.3 million) crypto asset fund on Saturday with SBI Financial Services and backing from Daiwa …
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Ethereum Foundation adds SEAL 911 co-founder to board as privacy focus grows
Pascal Caversaccio joins the Ethereum Foundation’s four-member board as the organization elevates privacy and security in its protocol strategy.
US arbitration giant launches specialist panel for crypto disputes
The American Arbitration Association’s Web3 Panel brings together specialists in blockchain, smart contracts, digital assets and autonomous transactions. The American Arbitration Association (AAA), one of the world’s largest providers of private dispute-resolution services, has launched a specialist panel for blockchain and digital-asset cases, giving companies access to arbitrators with expertise in the technical and legal …
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Robinhood posts record quarter, but crypto revenue slides 38%
The online brokerage continued expanding its digital asset business with Robinhood Chain, tokenized stocks and decentralized lending even as cryptocurrency transaction revenue declined. Online brokerage Robinhood posted record second-quarter revenue and earnings, though cryptocurrency transaction revenue fell 38% from a year earlier. According to the company’s earnings report on Wednesday, revenue increased 32% year over …
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Crypto entering biggest consolidation phase in history, says ARK analyst
ARK Invest’s Lorenzo Valente says revenue is becoming increasingly concentrated among a handful of crypto protocols, setting the stage for more mergers, acquisitions and exchange closures. An ARK Invest analyst says the cryptocurrency industry is entering what he describes as its biggest consolidation phase yet, with revenue increasingly concentrated among a handful of dominant protocols. …
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