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The Latest Breaking News from Crypto

NFT sales hit 12-month low after cryptocurrency crash

Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January

The Guardian - UK

Crypto’s brutal week ends with a trading halt and a bailout

The meltdown in cryptocurrency markets deepened this week, as major players contended with liquidations, withdrawal freezes, trading halts -- and, at least in one case, a bailout.

The Times of India

FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm.

Benzinga

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How Will The EU's Finalised Regulations Impact The Crypto Market?

Whilst Bitcoin (CRYPTO: BTC) remains below $20,000, the EU have finalised the MiCA Proposal - Markets in Crypto-assets (legislative proposal developed to help streamline distributed ledger technology (DLT) and virtual asset regulation in the European Union).

Benzinga

Anonymous Bitcoin Whale Just Moved $68M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $68,166,467 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1KDEeFd5KEynNvrEM6n53qUo3jFv963rz6.

Benzinga

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $77,199,827 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 3G7Z7QjbaBS2dXn23gC3w9byeWZBjXj6aj.

Benzinga

This Wallet Just Transferred $279M Worth Of BTC Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $279,254,942 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Benzinga

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Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

CNBC Why Kohl’s Shares Are Plunging Today

Benzinga

SIMBA Chain Bridges The Web2, Web3 Worlds, Launches NFT Marketplace That Accepts Fiat Payments

The enterprise/government protocol has launched its native NFT marketplace, which offers NFTs for fiat purchase for those taking baby steps toward Web3. Since 2020, there has been no small number of new NFT marketplaces opening their doors and trying to participate in the frenzy of NFT purchasing.

Benzinga

EU moves to tame the 'wild west' of cryptocurrencies in landmark legislation

The European Union has agreed on ground-breaking rules for regulating crypto assets as the crash in bitcoin value piles pressure on authorities to rein in the sector.

Radio France Internationale

Analysis: Bitcoin (BTC) Registers Worst Quarterly Performance Since 2011

Bitcoin (CRYPTO: BTC) marks its worst quarter in a decade with a 56.2% slump — breaking its last record of 49% loss in Q1 2021 when it fell from its ATH $19,750 to around the $4,000.

Benzinga

JPMorgan Analysts List 2 Reasons Why Crypto Deleveraging Will End Soon

Analysts at JPMorgan Chase & Co believe there are two strong reasons to suggest that the end of the cryptocurrency bear market is near.

Benzinga

eToro Said To Abandon SPAC Merger

Retail stock and cryptocurrency brokerage platform eToro is reportedly not going ahead with its planned blank-check merger.

Benzinga

Crypto Lending World Sways under Risk and Turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails. Celsius Network, which suspended withdrawals in mid-June, had advertised a seemingly difficult-to-reconcile mix of interest rates, charging just…

Asharq Al-Awsat

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The Guardian - UK

EU moves to rein in ‘wild west’ of crypto assets with new rules

MiCA law contains measures to guard against market abuse and manipulation

Benzinga

Indian Crypto Players Have A New Tax Rule From Today: What You Should Know

Indian cryptocurrency players will have to comply with a government order for a 1% tax deducted at source (TDS) on all cryptocurrency and non fungible token (NFT) transactions, starting today.

The Independent UK

El Salvador's Bitcoin-boosting leader buys $1.5 million more

El Salvador’s Bitcoin-boosting president is back at it, doubling down on his country's losing investment in the cryptocurrency by buying over $1.5 million more

Benzinga

Crypto Lender Celsius Exploring All Options After FTX Rejects Acquisition Deal

Celsius, the disaster-stricken cryptocurrency lender, has assured its community that it was exploring all the options available to stabilize liquidity and operations.

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Benzinga

Bitcoin, Ethereum, Dogecoin Fall Sharply: Analysts Fear 'Ugly Plunge' With BTC, ETH Testing $10K, $600 Levels

Bitcoin traded below the psychologically important $20,000 mark Thursday evening as the global cryptocurrency market cap slid 4.1% to $859.3 billion at press time.

Benzinga

FBI To Add 'Crypto Queen' Ruja Ignatova To Top 10 Most Wanted List

The Federal Bureau of Investigation is adding Ruja Ignatova — the woman known as the “Crypto Queen” — to its list of 10 most wanted fugitives.

Benzinga

Here's The Bull, Bear Case For Ethereum As It Approaches Important $1,000 Level

Ethereum (CRYPTO: ETH) was sliding more than 7% lower on Thursday, trading dangerously close to the important $1,000 psychological level, which the crypto tested as support on June 18 and June 19 but bounced.

Input

Coinbase is helping ICE track crypto buyers

ICE’s contract includes something dubbed “geo tracking data.” What could go wrong?

The Independent UK

From stocks to crypto, a punishing six months for investors

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months

ABC News

Bitcoin helped Joe secure his fortune but he would no longer recommend it as investors risk financial ruin

Joe Bridge has bought two motorbikes, two boats and his first house with the $1 million-plus he made on bitcoin, but he doesn't recommend trying to replicate his success.

Benzinga

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation.

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