The lack of decision-making by the SEC regarding a Bitcoin ETF has disappointed institutions, leading to a significant selloff of $55 million worth of digital assets in the past week. This downturn is attributed to an overhyped market realizing that a Bitcoin ETF is not as imminent as previously thought, along with concerns about a potential economic downturn in China. Low trading volume and vulnerability to larger trades have also contributed to the market’s vulnerability.
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Decrypt
‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Outflows
The lack of decision-making by the SEC regarding a Bitcoin ETF has disappointed institutions, leading to a significant s… Read Summary
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Decrypt
Crypto Fund Misled Clients With Promises of 2,700% Returns, SEC Claims
Titan Global Capital Management has agreed to pay over $1 million in fines to the SEC for misleading investors about its… Read Summary
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Aug 21, 9:57 am
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Kenyan Government Launches Committee to Examine Worldcoin
The Kenyan government has formed a parliamentary committee to investigate Worldcoin, following the suspension of its ope… Read Summary
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Aug 21, 6:49 am
The Block
The FBI Has Confiscated $1.7 Million Worth of Cryptocurrency
The Federal Bureau of Investigation (FBI) has seized nearly $1.7 million worth of cryptocurrency between March and July… Read Summary
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Aug 21, 7:05 am
Protos
Terra Warns Users About Hacked Website Enlisted in Phishing Attacks
Terra has issued a warning to its users to avoid interacting with sites using the terradotmoney domain, as it was hacked… Read Summary
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Aug 21, 6:09 am
Decrypt
China Is Taking Its Social Credit System to the Metaverse: Report
China Mobile, a state-owned telecom firm, has proposed creating a Digital Identity System to bring its controversial soc… Read Summary
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Aug 21, 5:41 am
The Block
Friend.tech User Details Leaked, Including Ethereum Addresses and Twitter Usernames
A leaked database containing critical user details from the friend.tech platform has been published on GitHub by Banteg,… Read Summary
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Aug 21, 2:59 am
Decrypt
Another Lucky Solo Miner Nabs $160,000 Bitcoin Block Reward
A Bitcoin miner using the Solo CKpool mining service has successfully solved block 803,821 and earned the full 6.25 Bitc… Read Summary
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Aug 21, 2:22 am
Decrypt
Pepe, Shiba Inu Face Hefty Weekly Losses Dropping More Than 20%
Meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses in value over the past week. PEPE has dr… Read Summary
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Aug 21, 2:07 am
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Crypto App Friend.tech Lures Waves of Users and Rakes in the Revenue
The Friend.tech app, built on the Coinbase-incubated Ethereum layer2 Base, has experienced a surge in activity since its… Read Summary
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Aug 21, 12:18 am
Coindesk
Market Eyes Multi-Million-Dollar Token Unlocks for Lido, Avalanche, and Yield Guild Games This Week
This week, token unlocks are scheduled for Lido (LDO), Avalanche (AVAX), and Yield Guild Games (YGG), increasing the ava… Read Summary
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Aug 20, 11:12 pm
The Block
Bitget Strengthens KYC Requirements for Users to Comply With Regulations, Enhance Security
Cryptocurrency exchange Bitget is implementing stricter KYC requirements for users, with newly signed-up users needing t… Read Summary
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Aug 20, 11:23 pm
Coindesk
FTX Debtors Revise Settlement Motion After Objections From U.S. Trustee, Propose Lower Claim Value
FTX’s debtors have revised their settlement motion after objections from the U.S. Trustee. The new proposal includes the… Read Summary
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Aug 20, 4:13 pm
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NFT Platform Recur to Shut Down, Despite $50M Raise and Big Name Backers
NFT startup Recur has announced that its Web3 platform will be winding down due to the challenges of the crypto winter…. Read Summary
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