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The Latest Breaking News from Crypto

Arrest of Telegram CEO raises concerns over app's leadership, investor cites 'dictatorship'

The social media platform is facing its biggest crisis yet after French authorities arrested Pavel Durov.

Fortune

Crypto Bloodbath 2.0? Bitcoin, Other Top Coins Plunge, Triggering Over $320M In Liquidations

Crypto prices are down once more, with Bitcoin losing around $4,000 and Ethereum leading Tuesday's liquidations topping $320 million – the market already suffered a wild crash earlier this month, plunging alongside global financial markets.

International Business Times

Trump Takes Pennsylvania, Now Leads In 4 Swing States: Polymarket 2024 Election Forecast

Donald Trump is now leading VP Kamala Harris in four swing states on Polymarket, and the latest addition is a critical state that has been home of defeat and victory for both the Republican and Democratic parties.

International Business Times

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Crypto will have the same effect on capitalism as the invention of stock markets. The only question is when

The widespread adoption of digital assets could occur within the next half-decade, writes Unicorns Inc. CEO Silvina Moschini.

Fortune

Crypto Millionaires Surge 95% As Bitcoin ETFs Fuel Explosive Wealth Growth

This surge in wealth is largely attributed to the introduction of Bitcoin exchange-traded funds (ETFs), which have drawn in over $50 billion in assets since January 2024.

International Business Times

Exclusive: Microsoft-backed Space and Time raises $20 million to merge AI and blockchain

The funding round was led by four crypto-focused firms, including Framework Ventures, Arrington Capital, and Lightspeed Faction.

Fortune

A Tax On Unrealized Gains Could Undermine US Crypto Market: TRES CEO

Reports have emerged in recent days regarding Democratic presidential nominee Kamala Harris supposedly endorsing a tax on unsold assets, and the crypto community has already started pushing back on such a plan amid fears that the tax could have a negative impact on the broader crypto space.

International Business Times

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'Make Finance Great Again': Trumps Rebrand DeFi Project Into 'World Liberty Financial'

Trump's two sons, who are working on a DeFi project, have renamed their venture from "The DeFiant Ones" to "World Liberty Financial," and while details about what the platform will do remain scant, the community waiting for its release is steadily growing.

International Business Times

TD Cowen To Crypto: Set Realistic Expectations On Legislation Delivery

Investment bank TD Cowen is getting crypto's expectations on the right track regarding the passage of bills for the industry – massive donations won't necessarily mean crypto bills will be passed anytime soon.

International Business Times

Most Telegram App Coins In Red After TON Co-Founder Durov's Arrest

Pavel Durov's arrest has affected $TON prices, and it turns out even some top coins on Telegram apps have been hit hard by news of the Telegram CEO's detainment in France.

International Business Times

Trump Leads Harris In 3 Swing States On Polymarket After RFK Jr. Pullout

Following Robert F. Kennedy Jr.'s suspension of his presidential bid, Donald Trump has taken a strong lead over Vice President Kamala Harris in three key states — at least among Polymarket traders — while in one battleground state, the rivals are tied.

International Business Times

Bitcoin Weekend Recap: $BTC Targets $65K Amid Positive ETF Flows, Fed Chief's Statement

Bitcoin was climbing toward $65,000 during the weekend even as some bad news hit the crypto community – specifically, the digital coin added around $4,000 in two days.

International Business Times

France Arrests Telegram CEO Pavel Durov – Is This Why Satoshi Nakamoto Retained Anonymity?

Pavel Durov was arrested at a French airport Saturday on allegations related to his alleged failure to prevent criminal activity on Telegram. Now, the crypto community is rallying behind the TON co-founder, and a DeFi lawyer said his case could be a watershed moment in tech platform regulation.

International Business Times

New campaign finance violation case illustrates that the FTX criminal saga may be far from over after DOJ charges crypto lobbyist

The Department of Justice charged crypto lobbyist Michelle Bond with illegally financing her congressional campaign with FTX funds.

Fortune

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International Business Times

Kamala Harris Supports Biden's Unrealized Gains Tax, According to Insiders

As the Democratic National Convention approaches day three, Kamala Harris's economic blueprint has leaked a surprise tax on unrealized gains.

International Business Times

Crypto Corporations Have Spent $119 Million On 2024 Elections, Report Says

Coinbase and Ripple are the biggest donors according to Public Citizen

International Business Times

MAGA Token Tops 55% Rally in Trump Meme Market as Election Odds Favor Republican Presidency

Donald Trump-themed memecoins like MAGA crypto are making a splash after a mid-Kamala Harris speech at the Democratic National Convention.

International Business Times

Unsealed Court Filing Unmasks Crypto Giants That Backed Elon Musk's Twitter Takeover

A journalist, with help from a press nonprofit's lawyers, forced Elon Musk to reveal a list of the people who financially supported the tech magnate's bid to take over Twitter in 2022 – it turns out some of X's shareholders are figures in the crypto space.

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International Business Times

Donald Trump Promotes Sons' 'DeFiant Ones' Crypto Project – Biz Family Entering 'Dangerous Territory'?

At a time when crypto is being heard in political circles, the Trumps are moving in with much gusto, announcing a new crypto venture that, while still in the works, some think may be "dangerous territory" for the business veteran family.

Fortune

When it comes to crime, crypto is a powerful tool for law enforcement

Coinbase’s chief security officer makes a case for why law enforcement should prefer crypto to cash.

International Business Times

Former FTX Exec's Partner Michelle Bond Charged For Campaign Finance Violations

Michelle Bond, largely known for her congressional bid in 2022, has been indicted over charges related to illegal financing of her campaign – she received $400,000 from defunct crypto exchange FTX.

International Business Times UK

From CEO To Inmate: How A $47M Crypto Scam Brought Down A Kansas Bank And Its Leader

Former Kansas bank CEO Shan Hanes was sentenced to over 24 years for embezzling $47 million, which led to the bank's collapse.

International Business Times

Latest MtGox Transfers Mark The Beginning Of The End Of Bitcoin's Darkest Days

MtGox is nearing the end of its creditor repayments more than a decade after it collapsed, and some industry experts believe that Bitcoin may already have started recovering after it weathered various storms for several months.

Fortune

PayPal partners with crypto platform Anchorage Digital to offer stablecoin rewards—despite murky legal rules

As the crypto industry fights for clarity on stablecoin oversight, Anchorage insists that its novel program operates outside the jurisdiction of the SEC.

Fortune

Arch wants to rebuild trust in crypto lending with $5 million in funding and a $70 million debt facility backed by Galaxy

After the collapse of crypto lending firms like BlockFi and Genesis, Arch is trying to revive the sector.

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