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Repost from @crypto
The CFTC charges a Florida man over a $397 MILLION crypto Ponzi scheme with 1,600 victims.
Christopher Delgado and his firm Goliath Ventures allegedly lied about putting customer funds in DeFi liquidity pools.
Instead he spent $48 million on a yacht, $4.9 million on world travel and $2.9 million on luxury apparel and jewelry.
Delgado already pleaded guilty to wire fraud in June and faces up to 20 years per count. The SEC filed parallel charges Tuesday.
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Repost from @crypto
🇺🇸 White House vows to PASS the crypto CLARITY Act in September.
Patrick Witt says the Trump administration remains “fully committed” to passing the crypto bill, adding, the US "can’t afford to wait forever.”
The bill now faces a 60-vote test on September 15.
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Repost from @crypto
Peter Schiff says "sell Bitcoin now."
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Repost from @crypto
Michael Saylor hints at buying more Bitcoin.
"Doing ₿usiness."
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6 365
Repost from @crypto
Coinbase CEO Brian Armstrong says "Bitcoin gives a store of wealth that can't be inflated away."
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6 365
Repost from @crypto
White House Official Patrick Witt says Democrats blocked a vote on the Crypto Clarity Act before summer recess.
"If they can't get there by September 15, they never will."
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6 365
Repost from @crypto
Bitcoin Core developer Luke Dashjr says changing Bitcoin's proof-of-work is "the only option" if BIP 110 fails.
Critics warn if six mining pools can block the proposal, Bitcoin's decentralization is "effectively lost." Meanwhile, Bitcoin briefly topped $65,340, its highest since July 27, before pulling back near $65,000.
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6 365
Repost from @crypto
Brazil's central bank will delay crypto transfers over $10,000 by up to 24 hours under new anti-fraud rules.
The rule targets transfers to foreign exchanges and self-custody wallets, citing the growing use of stablecoins to move money from financial scams.
The measure takes effect next year, the central bank says it is not an asset freeze.
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Repost from @crypto
Michael Saylor says "Bitcoin doesn't need Clarity. America needs clarity."
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Repost from @crypto
Fed Chair Kevin Warsh is prepared to raise interest rates in September if inflation is higher than expected.
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Repost from @crypto
EU regulators warn crypto scams are rising as fraudsters exploit MiCA-related shutdowns by impersonating exchanges and watchdogs.
Firms that missed the July 1 licensing deadline must tell customers to move their assets, creating an opening for criminals to exploit the confusion.
Only 323 crypto firms are licensed, while more than 1,700 may have to close.
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6 365
Repost from @crypto
Putin signs Russia's first comprehensive cryptocurrency law, legalising regulated trading from September 1.
Only the most liquid coins, including BTC, ETH and USDT, will be approved for trading through licensed exchanges supervised by Russia's central bank.
Crypto payments remain banned.
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Repost from @crypto
Ethereum researchers propose to CUT validator rewards to ZERO if half of all ETH becomes staked.
The proposal EIP-8363 would gradually reduce newly created ETH rewards, reaching zero if staking rises from around 34% today to 50% of total supply.
Critics warn the move could force out solo stakers, giving larger operators even more control.
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Repost from @crypto
US Senators call for SEC investigation into President Trump's crypto memecoin, accusing him of a "rug pull."
$TRUMP coin is down 95% since launch.
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6 365
Repost from @crypto
The Blockchain Association has sent a letter to Senate Majority Leader Thune rebutting each point of the National Sheriffs' Association's claims about the CLARITY Act.
The group argues the NSA's July 31 letter mischaracterizes the bill's treatment of DeFi, crypto mixers, bridges, and anti-money laundering (AML) provisions, pushing back point-by-point against the criticism.
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Repost from @crypto
Bitcoin reclaims $64,000
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Repost from @crypto
The White House has reportedly agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans, per Eleanor Terrett.
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Repost from @crypto
🇺🇸🇮🇷 Bitcoin falls under $62,000 after President Trump says MoU with Iran is over.
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