Wealth concentration in the United States has reached extremes not witnessed in 100 years. The richest 0.00001% of Americans now own 12% of national income, triple the Gilded Age peak, reports Moneywise. Economist Gabriel Zucman highlights that in 1910 the figure stood at just 4%, but today it has soared dramatically. “The focus is on …
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According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s. Senate Republicans have released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including President Donald Trump — …
Anthropic will provide Claude AI models to companies participating in the UK Financial Conduct Authority’s next Supercharged Sandbox cohort, as the regulator pushes to test AI applications in financial services. Anthropic will provide its Claude AI models to firms participating in the UK Financial Conduct Authority’s (FCA) second Supercharged Sandbox cohort, expanding the regulator’s effort …
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The SEC commissioner said crypto vaults, onchain lending products and other asset management tools may trigger US securities laws depending on how they are structured and operated. SEC Commissioner Hester Peirce said crypto vaults and onchain lending products may fall under US securities laws, urging developers to assess whether products that actively manage user assets …
The group alleged that the tax signed into law in June “discriminates against people who transact in digital assets“ and should be blocked from implementation and enforcement. Cryptocurrency and blockchain advocacy organization The Digital Chamber is suing the State of Illinois over the state’s 0.2% tax on crypto transactions expected to go into effect in …
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A Florida man is facing multiple felony charges for allegedly draining thousands of dollars from a 75-year-old Connecticut resident through a fake bank fraud investigation. Fort Lauderdale resident and 32-year-old Justin G. Dwyer Sr. is charged with second-degree larceny, first-degree identity theft, fourth-degree money laundering and illegal use of a credit or debit card for …
July 22nd, 2026 – Dubai, United Arab Emirates Privacy-first travel platform debuts with dedicated hotel packages for Token2049, Singapore and Devcon 8 in Mumbai, letting attendees book and pay for accommodation straight from their wallet. Flyfi, a privacy-first, crypto-native online travel agency, is now live at flyfi.io, giving travellers a way to book more than …
July 22nd, 2026 – Grand Cayman, Cayman Islands New builders and 25+ partners can now begin testing the much-anticipated Bitcoin infrastructure ahead of mainnet, powered by Sui’s high-performance network and Hashi’s novel security mechanism, the Guardian Layer. Sui, where money moves as freely as messages, today announced that Hashi testnet has officially launched, giving builders, …
Proponents of the digital euro say its a better alternative to cash that’s fully backed by the ECB. But critics argue it could provide the EU with too much power over its citizens. The digital euro is one of Europe’s most contentious financial projects. Supporters see it as a way to preserve the bloc’s monetary …
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Franklin Templeton’s digital assets lead said that the autonomous AI agent economy will increase demand for blockchain protocols hosting machine-to-machine micropayments. Artificial intelligence (AI) agents are the next “killer” use case for blockchain and cryptocurrency, according to investment management giant Franklin Templeton’s head of digital assets and innovation. Sandy Kaul said in a X post …
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A major cannabis company is preparing to dole out millions of dollars to customers affected by a significant data breach. STIIIZY agreed to a proposed $2.95 million class action settlement resolving claims that it failed to prevent an October 2024 data breach that compromised the personally identifiable information or health records of customers. The lawsuit …
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July 22nd, 2026 – Dubai, United Arab Emirates class=”ql-align-justify”>Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Stock Earnings Season from July 21 to August 30, 2026, aligned with one of the most concentrated stretches of quarterly earnings reporting on the financial calendar. Global investors are in full gear as the Q2 earnings …
Binance set multimonth records for net BTC outflows on Tuesday, adding to an emerging trend of positive inflows to the US spot Bitcoin ETFs. Bitcoin (BTC) buyers are showing “better absorption” at $65,000 after Binance saw its largest net outflow in nearly two years. Key points: New research from onchain analytics platform CryptoQuant released on …
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US prosecutors are seeking more than $25 million in cryptocurrency allegedly connected to international fraud and laundering networks. The US Department of Justice (DOJ) has filed five civil forfeiture complaints seeking more than $25 million in crypto allegedly tied to international investment, romance and recovery scams targeting victims in Canada and the United States. On …
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A security vulnerability in the Zilliqa Ledger app is enabling attackers to reconstruct private keys using publicly available onchain data. Layer-1 blockchain network Zilliqa warned that a vulnerability in the Zilliqa Ledger app could allow attackers to recover users’ private keys using publicly available onchain data. “The vulnerability causes signatures to be generated with predictably …
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