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    Blockchain

    Identity Verification in Crypto: Addressing the Clash Between Blockchain Anonymity and KYC Compliance

    Financial privacy and anonymity online have been among the key principles of blockchains since Satoshi Nakamoto first unveiled the Bitcoin white paper, but recent actions from regulators have put this principle under pressure.

    Cathie Wood Expects SEC to Approve Multiple Spot Crypto ETFs Simultaneously – What’s Going On?

    In an interview on August 7, Cathie Wood, the CEO of ARK Investment Management, stated that the US Securities and Exchange Commission (SEC) might approve multiple spot-Bitcoin exchange-traded funds (ETFs) simultaneously. 

    Cypher Protocol Loses $1 Million in Blockchain Exploit – Here’s What Happened

    Solana-based decentralized exchange Cypher Protocol halted its smart contract following an exploit that saw an estimated $1 million stolen.

    Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?

    Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market.

    Crypto Hedge Funds Grapple with Shutdowns and Lackluster Returns in 2023

    Crypto hedge funds have on average underperformed Bitcoin (BTC) by a significant margin in the first half of 2023, while about 13% of funds have shut down so far this year.

    UK Set To Expand Its National Crypto Crime Unit As Organized Blockchain Fraud Surges

    The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes.

    Curve Finance Offers Public Bounty of $1.85 Million to Identify Hacker

    Curve Finance, the troubled DeFi platform that lost over $60 million last week in an exploit, has announced a bounty of $1.85 million to anyone who can identify the exploiter.

    Miami Mayor Francis Suarez Embraces Bitcoin Donations for Presidential Bid

    Miami Mayor Francis Suarez, a vocal crypto advocate, announced that his Presidential campaign is officially accepting donations in the leading cryptocurrency Bitcoin (BTC). 

    JD Sports Teams Up With ZERO10 To Offer Virtual Fitting Of Nike Collection In Stores

    AR try-on store, Zero10 has announced its recent partnership with JD Sports to animate the new Need It Now Collection, a new release by Nike in collaboration with JD Sports.

    Class-Action Lawsuit Against Tether and Bitfinex Thrown Out

    In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issuer. 

    Robinhood’s Q2 Earnings Show 18% Decline in Crypto Trading Revenue

    In its Q2 2023 earnings report, Robinhood (HOOD), the online trading platform known for its crypto-friendly approach, revealed crypto trading revenue of $31 million, representing an 18% decrease from the previous quarter's $38 million. 

    Crypto Exchange Coinbase Narrows Losses Thanks to Cost Reduction Strategy

    Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.

    Warren and Sanders Urge IRS and Treasury to Enforce Rules Against Crypto Tax Evaders

    Almost two years after Biden’s infrastructure bill became law, two high-profile Democrat senators are keen on ensuring that crypto reporting requirements within the bill are properly enforced.

    Alameda-Backed Coins Experienced Suspected Bot-Driven Price Surge on FTX, Study Suggests

    Several digital tokens that Sam Bankman-Fried’s trading firm Alameda Research had ties to pumped in price after they were listed on now-bankrupt crypto exchange FTX, according to a report from Network Contagion Research Institute (NCRI).

    Jack Dorsey’s Block Q2 Revenue Soars to $5.5 Billion, Led by Strong Bitcoin Sales

    Block, the payments firm led by Twitter founder Jack Dorsey, saw its revenue soar to $5.5 billion in the second quarter, partly thanks to strong growth in Bitcoin (BTC) sales on the platforms.