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The Latest Breaking News from Crypto

A brief history of zero-knowledge proofs, the buzzy mathematical technique that’s taken crypto by storm

"Zero knowledge proofs are going to become a fundamental part of humanity’s infrastructure,” says Zooko Wilcox, cofounder of Zcash.

Fortune

The week in audio: Witch; Spellcaster: The Fall of Sam Bankman-Fried; History’s Secret Heroes – review

From the host of 28ish Days Later, a wonderfully written defence of witchcraft; the ‘schaden-fraud’ story of a crypto bro; and fascinating tales of wartime derring-do with Helena Bonham Carter

The Guardian - UK

Key House committees team up on bill that would provide clarity to crypto markets

The House Committee on Financial Services and the House Committee on Agriculture released a long-awaited discussion draft.

Fortune

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Times are tough for VCs—and even tougher for crypto VCs

The transparency of blockchains and mark to market accounting rules mean it's been a tough slog for venture capitalists.

Fortune

Musk accused of insider trading (again) to rake in $124M from Dogecoin sales

The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.

Fortune

Federal Reserve orders defunct crypto bank Silvergate to carry out wind-down process

As part of the agreement, Silvergate will have to preserve all records, from emails to ephemeral messaging applications.

Fortune

Gemini looks to Dubai and Crypto.com nabs Singapore license as U.S. crypto companies continue overseas expansion

Gemini had announced the opening of a derivatives exchange in Singapore in May.

Fortune

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Crypto VCs are facing a harsh reality in the downturn

“There’s no way to hide behind the opaqueness of the private markets for a crypto fund with token holdings,” PitchBook’s Robert Le said.

Fortune

Crypto VCs face a harsh reality in the bear market

The quirks of crypto investing have created a sober outlook for venture capital firms.

Fortune

Hong Kong touts retail-friendly crypto rules

 HONG KONG: Hong Kong opened its arms to the virtual asset world on Thursday, introducing new retail-friendly rules for the city’s crypto exchanges.

Bangkok Post

Hong Kong is bringing back retail crypto trading. Will China be next?

Mainland China officially banned cryptocurrencies in 2021.

Fortune

Binance notified of investigation by Ontario Securities Commission 2 days before saying it would leave Canada

The world’s largest cryptocurrency exchange had previously not disclosed the investigation when it announced its departure from the country.

Fortune

Binance begins layoffs as top crypto exchange reevaluates ‘whether we have the right talent’

The company has “regularly gone through a talent density audit and resource allocation exercise every six months or so,” a spokesperson said.

Fortune

Bitcoin records first monthly loss of 2023 as Fed ponders additional rate hikes

The cryptocurrency fell about 4.6% in May.

Fortune

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Fortune

MoonPay executives cashed out $150 million in equity just months before crypto crash

One month after the funding round, MoonPay’s CEO bought a waterfront mansion in Miami Beach for $38.5 million.

Fortune

Bitcoin miners have averted a tax crisis for now, but the threat still looms

Public company CEOs from Marathon and Stronghold reckon with an uncertain regulatory environment.

Fortune

Magic raises $52 million to grow crypto 'wallet-as-a-service' used by corporate clients like Mattel and Macy's

Magic says it's partnered with corporate clients to roll out more than 20 million wallets.

Fortune

Former Coinbase employee and his brother settle with the SEC, which again dodges proving whether cryptocurrencies are securities

The agency secures another crypto-related result. It still hasn't issued clear guidelines for participants in the space.

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Fortune

Ripple fans push the cryptocurrency up as they hope for a positive outcome in court case with SEC

The cryptocurrency is up nearly 8% over the past week.

Fortune

As crypto embraces A.I., a major exchange scraps its ChatGPT integration

Bitget, the fifth-largest derivatives crypto exchange, said that the artificial intelligence tool was providing false information to its users.

Fortune

Plan for 30% tax on Bitcoin mining appears dead under debt ceiling deal

The White House's plan to tax crypto mining 30% under a law called the DAME Act appears to have been scrapped in a budget compromise with Republicans.

Fortune

The growth of Web3 depends on crypto wallets—and how we choose to use them

We're a long way from the wallet becoming the next browser. But there's more than one way to get there.

Nottingham Post

People warned to stay safe if visiting farms following rise in gastro-infection cases

Anyone planning a trip to a farm needs to remember the importance of thoroughly and frequently washing hands to avoid getting bugs, such as Salmonella, Cryptosporidium (Crypto) and E.coli,

The Guardian - UK

‘It’s a massive ask’: is Binance capable of being regulated?

Crypto exchange says it will do everything possible to change UK watchdog’s mind but opacity remains an issue for US as well

Zenger

Sam Altman’s Worldcoin Secures $115M In VC, Hopes To Grow From 2M Users To Billions

Sam Altman’s crypto initiative seeks to regain the popularity of the digital currency space after the fall of FTX.

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