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The Latest Breaking News from Crypto

New York AG Files $1B Lawsuit Against NovaTech, AWS Mining Over Crypto 'Pyramid Schemes'

New York's Attorney General has filed a billion-dollar lawsuit against AWS Mining and NovaTech for allegedly defrauding thousands of New Yorkers out of millions worth in cryptocurrencies.

International Business Times

A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south

An investigation into Shima Capital and its founder, Yida Gao.

Fortune

Crypto Community Divided After Robinhood Announces $200M Acquisition Of Bitstamp

Robinhood will acquire crypto exchange Bitstamp – the announcement has had the crypto community divided, with some unsure if the move will be beneficial for the sector or not.

International Business Times

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Franklin Templeton Reportedly Mulls New Altcoin Crypto Fund

Franklin Templeton has been in the crypto space for several years now and it appears the asset management giant isn't slowing down as a new report revealed that it is considering the launch of an altcoin-based crypto fund.

International Business Times

Robinhood defies the SEC by forking over $200 million for a crypto exchange

The company, which received a Wells Notice from the SEC in May, touted the move as “a major step in growing our crypto business.”

Fortune

Cryptocurrencies use massive amounts of power – but eco-friendly alternatives come with their own risks

As the urgency of climate change ramps up, focus is increasing on digital currencies to address their environmental impact.

The Conversation

Robinhood just made a very big bet on crypto: What the $200 million Bitstamp deal means for the company

The acquisition is a risky one but could pay off by giving Robinhood access to new markets.

Fortune

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He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his $200 million crypto fund by his early 30s. His future is now in jeopardy

How Shima Capital’s fast-and-loose approach to compliance alienated its backers and could run afoul of the SEC.

Fortune

House Members Highlight Benefits Of Tokenization In Digital Assets Hearing

House lawmakers Wednesday discussed tokenized real-world assets, signaling growing interest among U.S. politicians in the vast blockchain and cryptocurrency sectors.

International Business Times

Donald Trump-Linked Wallet's Ether, Memecoin Holdings Top $26 Million: Arkham

The holdings of a wallet linked to Donald Trump have more than doubled since late May, bringing the wallet's holdings to over $26 million.

International Business Times

Kerrisdale Shorts Riot Platforms, Says Bitcoin Miner 'Headed For A Mine Collapse'

Kerrisdale Capital is short on Riot Platforms, which it says is better off "playing energy arbitrage games" and issuing stocks than dabbling into the crypto mining sector.

International Business Times

Ripple Payments - Crypto Payment Breakthrough That Outperforms Bitcoin

Bitcoin and Ethereum are two famous virtual coins used to send and receive money online in decentralised settings, spanning a tremendous market cap and investment valuation.

inkl

The Influence of Crypto Payment Solutions on the Market

Modern globalisation has brought the need for appropriate adaptation in all spheres to facilitate the availability of various services or goods.

inkl

The SEC backs out of Salt Lake City after disastrous crypto lawsuit results in $1.8 million penalty, citing ‘significant attrition’

After a judge took the rare step of sanctioning the SEC for its actions in the DEBT Box case, the agency closed the regional office that brought the lawsuit.

Fortune

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Fortune

Wall Street has returned to T+1 trading for the first time in a century. How much longer until T+0?

SEC Chair Gary Gensler says a quicker settlement cycle benefits investors and reduces risk. Why not make it faster?

International Business Times

Bitwise CIO Says Crypto Market May Be Undervaluing 'Shift In DC'

Matt Hougan believes the efforts by some crypto titans and digital asset advocates may be paying off, but the market appears to be undervaluing the recent political shift in Washington.

Fortune

How crypto could put Donald Trump over the top in November

Donald's Trump recent embrace of crypto could prove especially costly for Democrats.

Kiplinger

If Done Right, Crypto Can Lower Risk in Your Investments

Here’s how including a small amount of cryptocurrency as part of a conservative investment strategy can actually de-risk your portfolio.

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International Business Times

SEC To Shut Down Office That Worked On Its Failed Debt Box Case

The SEC has decided to shut down its Salt Lake City office – where top lawyers in the regulator's Debt Box case were based – later in the year after experiencing "significant attrition."

International Business Times

BlackRock's IBIT Retains Lead As Spot Bitcoin ETFs Log 15-Day Inflow Streak

BlackRock's IBIT remains the top choice for investors dabbling into the spot Bitcoin ETF space, as it made up for most of the inflows into the crypto subsector in May.

International Business Times

Coinbase Urges Support For Pro-Crypto Candidates, Donates $25M To Fairshake

Coinbase is rallying the crypto industry to support pro-crypto candidates, as it believes electing such candidates is the best way so far to get regulatory clarity for an industry whose request for clear crypto rules has been ignored by the SEC.

International Business Times

Half A Billion Worth Of Bitcoin Move As BTC Nears $70K

More than $600 million worth of Bitcoin has been moved in the last 24 hours as BTC continues its slow trek toward $70,000.

International Business Times

Crypto Sleuth Calls Out Floyd Mayweather For 'Scamming' Fans In New Token Promotion

Floyd Mayweather Jr. is once again in the spotlight for all the wrong reasons as prominent crypto researcher ZachXBT called the former boxing champion out for his posts that promoted a new token believed to be a fake one.

USA Today Sports Media Group

Look: Chargers players join Zach Bryan on stage at LA concert

Country artist Zach Bryan made a stop at Crypto.com Arena this past weekend and was accompanied by a few Chargers players.

Capital & Main

In Rural Pennsylvania, Crypto Mining Offers a Lifeline for Dying Gas Wells

Emails show Diversified largely kept the state in the dark as it fired up its bitcoin mining operation.

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