Hungary cracks down on crypto trading with hefty prison time
A new crypto law in Hungary is putting everyday traders at risk, and is already sending many service providers packing. According to a Forbes report, the Hungarian government has introduced a new law that criminalizes crypto operations. The legislation targets…...
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Is This The ‘Last Dance?’ Bitcoin (BTC) Smashes Another ATH, Euphoria Looms
As July’s third week opens, Bitcoin has set a fresh all-time high, touching $123,000. The world’s largest cryptocurrency has recorded an impressive gain of approximately 13% in the past week alone. This market activity, along with a significant inflow of capital into spot Bitcoin ETFs, has sparked discussions about...
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CoinDesk 20 Performance Update: Stellar (XLM) Surges 20.8% Over Weekend
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3688.41, up 3.2% (+115.64) since 4 p.m. ET on Friday. Seventeen of 20 assets are trading higher. Leaders: XLM (+20.8%) and HBAR (+19.1%)....
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Right to Code? Tornado Cash Dev Roman Storm’s Money Laundering Trial Kicks Off Monday
NEW YORK, New York — Tornado Cash developer Roman Storm’s criminal money laundering is slated to begin in Manhattan on Monday morning, when Storm’s lawyers and prosecutors will begin to select a jury to oversee Storm’s four-week trial. Storm was arrested in Washington state in 2023 and charged with...
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Shiba Inu Gains 3% as Explosive Burn Rate Spurs Bullish Predictions
Shiba inu (SHIB), the world’s second-largest meme token by market value, has gained over 3% in the past 24 hours, hitting a nearly seven-week high of $0.00001416 at one point, according to CoinDesk data. The move happened as market leader bitcoin topped $122,000 to set new lifetime highs, which...
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Binance Wallet Takes on Pump.fun and Bonk.fun With New Four.Meme Partnership
Binance will introduce a new token sale model within its Wallet, utilizing a bonding curve mechanism for price discovery in a partnership with the Four.Meme ecosystem that goes live on July 15. Bonding curves adjust token prices in real-time based on demand: the more that users buy, the higher...
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Michael Saylor’s Strategy Adds 4,225 Bitcoin, Bringing BTC Stack to 601,550
Strategy (MSTR), the largest publicly traded company holding bitcoin (BTC), increased its BTC reserves by acquiring 4,225 BTC for a total of $472.5 million last week. This latest addition brings Strategy’s total bitcoin holdings to 601,550 BTC purchased for $42.87 billion, representing an average acquisition price of $71,268 per...
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BONK Surges 12% as Grayscale Monitoring Sparks Institutional Momentum
BONK posted a sharp 12% intraday gain during the last 24 hours, climbing from $0.0000250 to $0.0000281 before settling at $0.0000265, up 6.2%. The Solana-based meme token surged following news that Grayscale Investments included BONK in its expanded institutional monitoring framework, signaling rising interest from asset managers and potential...
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CLARITY Act Could be a Game Changer for Institutional Adoption of Crypto: Benchmark
The long-anticipated CLARITY Act may prove to be a game changer for digital asset markets, potentially ushering in a wave of institutional adoption, according to a note from Benchmark analyst Mark Palmer. The CLARITY Act aims to establish a clear regulatory framework for digital assets in the U.S., distinguishing...
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Crypto’s Cloud Moment Is Here
A new unified cloud platform promises to accelerate crypto’s app era, dramatically expanding what’s possible in decentralized finance (DeFi). Eigencloud — backed by a $70 investment from Andreesen Horowitz — offers something novel: an Ethereum development infrastructure that makes ‘virtually anything verifiable on-chain.’ Just as AWS once unleashed SaaS and the cloud economy,...
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