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The Latest Breaking News from Crypto

Mixed Fortunes of Celebrities Who Leapt on NFT Craze

Sports, film and music stars have all flocked to the NFT market to buy pictures of apes, endorse corporate partners or even launch their own art collections. Even as the crypto sector suffers a rout with sales and values plunging and scams proliferating, celebrities continue to sign up to the…

Asharq Al-Awsat

Cryptocurrencies are great for gambling – but lousy at liberating our money from big central banks

The dream that decentralised finance – or “DeFi” – can free the monetary system from the clutches of governments and banks has helped launch 20,000 cryptocurrencies.

The Conversation

6 indicted in cryptocurrency and NFT fraud schemes that netted more than $130 million

LOS ANGELES — Six people have been indicted in four separate cryptocurrency fraud cases involving more than $130 million in losses, including the single largest NFT scheme charged to date, federal prosecutors said this week.

Los Angeles Times

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Benzinga Bulls And Bears Of The Week: AMC, Coinbase, Apple, Tesla And The Crypto Everyone Is Watching

Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.

Benzinga

Ancient philosophy, crypto and mini golf among British Wimbledon stars’ hobbies

British stars Ryan Peniston, Alastair Gray, and Lily Miyazaki spoke with the PA news agency about what they get up to off the court.

The Independent UK

DOJ Files Charges Against 'Baller Ape Club' NFT Promoter In Rug-Pull Scam

According to a U.S. Department of Justice (DOJ) statement, six people have been charged in cryptocurrency-related fraud cases, including Non-Fungible Token (NFT) scams.

Benzinga

Crypto-sceptic Molly White could be the new JK Galbraith… just much tougher

This remarkable young woman is the sharpest critic of crypto on the web - and predictably, the trolls are after her

The Guardian - UK

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Crypto Hedge Fund Three Arrow Files For Chapter 15 Bankruptcy: Report

Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in the U.S. Bankruptcy Court of Southern District of New York, Bloomberg reported. A Chapter 15 bankruptcy is applicable when the insolvency case involves debtors, assets, claimants, and other parties involving more than one country.

Benzinga

NFT sales hit 12-month low after cryptocurrency crash

Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January

The Guardian - UK

Crypto’s brutal week ends with a trading halt and a bailout

The meltdown in cryptocurrency markets deepened this week, as major players contended with liquidations, withdrawal freezes, trading halts -- and, at least in one case, a bailout.

The Times of India

FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm.

Benzinga

How Will The EU's Finalised Regulations Impact The Crypto Market?

Whilst Bitcoin (CRYPTO: BTC) remains below $20,000, the EU have finalised the MiCA Proposal - Markets in Crypto-assets (legislative proposal developed to help streamline distributed ledger technology (DLT) and virtual asset regulation in the European Union).

Benzinga

Anonymous Bitcoin Whale Just Moved $68M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $68,166,467 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1KDEeFd5KEynNvrEM6n53qUo3jFv963rz6.

Benzinga

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $77,199,827 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 3G7Z7QjbaBS2dXn23gC3w9byeWZBjXj6aj.

Benzinga

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Benzinga

This Wallet Just Transferred $279M Worth Of BTC Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $279,254,942 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Benzinga

Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

CNBC Why Kohl’s Shares Are Plunging Today

Benzinga

SIMBA Chain Bridges The Web2, Web3 Worlds, Launches NFT Marketplace That Accepts Fiat Payments

The enterprise/government protocol has launched its native NFT marketplace, which offers NFTs for fiat purchase for those taking baby steps toward Web3. Since 2020, there has been no small number of new NFT marketplaces opening their doors and trying to participate in the frenzy of NFT purchasing.

Radio France Internationale

EU moves to tame the 'wild west' of cryptocurrencies in landmark legislation

The European Union has agreed on ground-breaking rules for regulating crypto assets as the crash in bitcoin value piles pressure on authorities to rein in the sector.

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Benzinga

Analysis: Bitcoin (BTC) Registers Worst Quarterly Performance Since 2011

Bitcoin (CRYPTO: BTC) marks its worst quarter in a decade with a 56.2% slump — breaking its last record of 49% loss in Q1 2021 when it fell from its ATH $19,750 to around the $4,000.

Benzinga

JPMorgan Analysts List 2 Reasons Why Crypto Deleveraging Will End Soon

Analysts at JPMorgan Chase & Co believe there are two strong reasons to suggest that the end of the cryptocurrency bear market is near.

Benzinga

eToro Said To Abandon SPAC Merger

Retail stock and cryptocurrency brokerage platform eToro is reportedly not going ahead with its planned blank-check merger.

Asharq Al-Awsat

Crypto Lending World Sways under Risk and Turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails. Celsius Network, which suspended withdrawals in mid-June, had advertised a seemingly difficult-to-reconcile mix of interest rates, charging just…

The Guardian - UK

EU moves to rein in ‘wild west’ of crypto assets with new rules

MiCA law contains measures to guard against market abuse and manipulation

Benzinga

Indian Crypto Players Have A New Tax Rule From Today: What You Should Know

Indian cryptocurrency players will have to comply with a government order for a 1% tax deducted at source (TDS) on all cryptocurrency and non fungible token (NFT) transactions, starting today.

The Independent UK

El Salvador's Bitcoin-boosting leader buys $1.5 million more

El Salvador’s Bitcoin-boosting president is back at it, doubling down on his country's losing investment in the cryptocurrency by buying over $1.5 million more

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