Senate Agriculture’s Top Dem: Crypto Market Structure Effort Needs ‘Serious Changes’
The Senate Agriculture Committee leapt into Congress’ negotiation over crypto’s market structure legislation with a hearing on Tuesday, and its ranking Democrat, Senator Amy Klobuchar, outlined the significant changes she’d like to see before she’d embrace the effort to set up digital assets regulations. As the House potentially nears...
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Legitimate Privacy Tool or Dirty Money ‘Laundromat’? Lawyers Debate Role of Tornado Cash on Day 1 of Roman Storm Trial
NEW YORK — There is at least one fact that both the defense and the prosecution agree in the ongoing criminal money laundering trial of software developer Roman Storm: the product he helped to create and run — a once-popular crypto privacy tool called Tornado Cash — was exploited by hackers...
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Gaming Studio Snail Explores Developing U.S. Dollar Stablecoin
Snail Games (SNAL), a publicly-traded video game studio, said on Tuesday that it is mulling the development of its own U.S. dollar stablecoin. The company is evaluating the technical, legal, and financial hurdles to issuing a proprietary stablecoin, according to a press release. To support the effort, Snail retained...
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Ethereum Adoption Intensifies: BTCS Inc. Buys Additional 14,522 ETH In Strategic Push
Following its recent rally, Ethereum, the second-largest crypto asset, is presently drawing notable attention and interest from both institutional and retail investors. One of the latest companies that has purchased ETH in a significant amount is BTCS Inc., a publicly traded firm. BTCS Inc. Makes Major Ethereum Play Ethereum’s...
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BitMine Immersion Technologies Stock Surges After Hours: What’s Going On?
BitMine Immersion Technologies Inc (AMEX:BMNR) shares are ripping higher in Tuesday’s after-hours session after billionaire PayPal and Palantir co-founder Peter Thiel disclosed a stake in the company. What To Know: Thiel’s Founders Fund Growth II Management disclosed in an SEC filing late Tuesday that it took a 9.1% stake...
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Democrats attempt to take three crypto bills hostage, demanding to block Trump from the crypto business
As the Crypto Week event, aimed at speedrunning three crypto bills, kicked off in DC, Democrats started their own event called Crypto Corruption Awareness Week. Rep. Maxine Waters, Rep. Stephen Lynch, and their comrades are pushing for clauses that will…...
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Kraken launches U.S. regulated derivatives trading
Kraken has unveiled a regulated cryptocurrency derivatives trading feature to bring futures trading to users in the United States, according to a news release. Kraken Derivatives US is a new offering that will integrate the crypto exchange’s Kraken Pro platform…...
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Early Bitcoiner Adam Back Nears $3.5B BTC Deal With Brandon Lutnick-Led Cantor SPAC: FT
Brandon Lutnick, chairman of Wall Street investment bank Cantor Fitzgerald, is in late-stage talks with early bitcoin proponent and Blockstream CEO Adam Back for a bitcoin treasury deal that could be worth over $3 billion, the Financial Times reported on Wednesday. According to the report, Lutnick’s blank cheque company...
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How 27-Year-Old And Bitcoin Pioneer Quietly Assemble $10 Billion Crypto Arsenal
In a deal that could mark one of the largest corporate purchases of Bitcoin (CRYPTO: BTC) to date, Cantor Equity Partners I Inc (NASDAQ:CEPO) is in advanced talks to acquire more than $3 billion worth of Bitcoin from Blockstream Capital‘s Adam Back. The move, which could total over $4...
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Aave elbows US banks aside with record $50b in net deposits
Aave has surpassed $50 billion in crypto deposits, becoming the first DeFi protocol to rival mid-sized U.S. banks in scale. When it comes to finance, banks have long held the top spots for managing people’s money. Yet Aave, a decentralized…...
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