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The Latest Breaking News from Cryptocurrency

If You're Thinking Of Catching The Bitcoin Falling Knife, Here Are 3 Reasons To Consider Waiting

Bitcoin (CRYPTO: BTC) has been in a major downtrend over the past few months. Currently trading at $19,791, down from its all-time high of over $68,000. Prior to Bitcoin’s latest crash, the cryptocurrency had been floating between $28,000 and $32,000 for numerous months.

Benzinga

'GTA 6's most controversial rumor probably won't happen — here's why

'Grand Theft Auto 6' rumors claim Rockstar's game will include cryptocurrency. Here's why 'GTA 6' will probably include crypto, but not the way the rumors say.

Inverse

6 indicted in cryptocurrency and NFT fraud schemes that netted more than $130 million

LOS ANGELES — Six people have been indicted in four separate cryptocurrency fraud cases involving more than $130 million in losses, including the single largest NFT scheme charged to date, federal prosecutors said this week.

Los Angeles Times

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DOJ Files Charges Against 'Baller Ape Club' NFT Promoter In Rug-Pull Scam

According to a U.S. Department of Justice (DOJ) statement, six people have been charged in cryptocurrency-related fraud cases, including Non-Fungible Token (NFT) scams.

Benzinga

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

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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If You Invested $1,000 In Bitcoin, Dogecoin And Ethereum On Jan. 1, Here's How Much You Lost In 2022 So Far

Here’s a look at how three of the most popular cryptocurrencies have performed in 2022 and how much a hypothetical investment of $1,000 in each would be worth now. What Happened: After a strong 2021 for the cryptocurrency market, 2022 could go down as one of the darker periods for the…

Benzinga

Labor Market Is Tight Yet Layoffs Surge As Tesla, Coinbase, Netflix And Others Cut Staff

The recent unemployment claims numbers confirm the Federal Reserve's assertion that the labor market is tight. However, layoffs are intensifying, particularly in the tech and cryptocurrency sectors.

Benzinga

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

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

DOGE Daily: Market Remains Downbeat, Dogecoin 'Millionaire' Points To Silver Lining In Dark Clouds

Dogecoin (CRYPTO: DOGE) declined 5.4% to $0.065 over 24 hours leading up to early hours of Friday. DOGE fell along with other major coins as the global cryptocurrency market cap dropped 4.1% to $859.3 billion at press time.

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

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Asharq Al-Awsat

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…

Benzinga

Celsius' Lead Investor Suggests Most Influential Bitcoin Whales Co-Invest As Part Of Recovery Plan

BnkToTheFuture, a lead investor in beleaguered cryptocurrency lending platform Celsius, has put forth three proposals to save the company from going under. What Happened: On Friday, CEO of BkToTheFuture Simon Dixon shared the Depositor's First Celsius Recovery Plan in a post on Twitter.

ABC News

'Cryptoqueen' accused of $US4 billion OneCoin fraud added to FBI's most-wanted list

She's accused of stealing US$4 billion in a cryptocurrency Ponzi scheme before she disappearing to Greece. Now she's the 11th woman to be added to the FBI's most-wanted list.

Benzinga

Khaby Lame, Now The Most Popular TikTok Star, Named Brand Ambassador Of This Crypto Company

A former factory worker is now the most followed person on ByteDance-owned social media platform TikTok. After crossing that milestone, Khaby Lame has landed a deal with cryptocurrency platform Binance.

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The Independent UK

New York officials rule against bitcoin-mining power plant

New York has denied required air permit renewals to a bitcoin-mining power plant on the grounds that it was a threat to the state’s climate goals

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.

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

$278M In Bitcoin Was Just Transferred Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $278,756,804 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Benzinga

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.

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