Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners

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Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities in Kazakhstan are going to pay a surcharge for the electrical energy they burn. President Kassym-Jomart Tokayev has signed a new law this week amending the Central Asian republic’s legislation “on taxes and other obligatory…

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Ventup, the IDO Launchpad by Vent, Connects Game-Changers With Investors

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Vent is excited to announce the launch of their IDO on the Ventup platform, nurtured by Vent Finance. This innovative community-driven platform promises to usher in a new era of decentralized funding for vetted projects and help empower entrepreneurs on their journey to success. Vent – Welcome to the All-in-One Ecosystem Vent has announced it is launching the Ventup IDO Launchpad on Polygon to provide startups that launch on the platform with scalability, modular security solutions and compatibility with Ethereum tools. Vent will also construct the first Polygon-Cardano bridge and…

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Opinion | The Don Rumsfeld the Obituaries Won’t Write About

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Donald Rumsfeld fired me once. I had been his chief speechwriter for two years when he was George W. Bush’s secretary of defense and in his retirement we were working together on his memoir. Now that collaboration was ending abruptly. He didn’t enjoy firing me—“stepping back” from each other as he put it—but he delivered the decision in his usual no BS, cards-on-the-table manner. My offense was a book I’d recently written about my experience in the Bush administration that some of its leaders understandably did not exactly savor. Feeling…

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Former Defense Secretary Donald Rumsfeld dies at 88

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Donald Rumsfeld, the controversial and hard-charging secretary of defense who planned and oversaw the invasions of Afghanistan and Iraq and pushed to rapidly modernize the military, has died. He was 88. Rumsfeld passed away surrounded by relatives in Taos, N.M., his family said in a statement on Wednesday. The cause was multiple myeloma, a family spokesperson confirmed. “History may remember him for his extraordinary accomplishments over six decades of public service, but for those who knew him best and whose lives were forever changed as a result, we will remember…

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As the Top Coins Lag Behind, an Odd Bunch of Crypto Assets See Double-Digit Gains

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The market capitalization of all 10,722 cryptocurrencies in existence is around $1.42 trillion on Wednesday and during the last 24 hours, all of these crypto-assets combined lost 3.92%. Meanwhile, bitcoin captures 45.73% of the entire $1.42 trillion capitalization and ethereum commands 17.8%. As both of these leading assets have improved this week, seven-day changes against the U.S. dollar show a great number of other crypto-assets have seen much bigger double-digit gains. Steemit Coins, 51% Attacked Tokens, and Forgotten Crypto Assets An interesting assortment of crypto assets have seen double-digit gains…

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Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System

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The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant and concrete risks” to the U.S. banking system. Fed Vice Chair Speptical About Digital Dollar Federal Reserve Vice Chair of Supervision Randal Quarles talked about bitcoin and the Fed’s work on a central bank digital currency (CBDC), the digital dollar, in a speech at the Utah Bankers Association Monday. Quarles is also the chairman of the Financial Stability…

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US Congressman Calls for Law Allowing Government to Reverse Cryptocurrency Transactions

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A U.S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said. Rep. Bill Foster Stresses the Need for Law to Allow the Government to Reverse Crypto Transactions Democratic Rep. Bill Foster of Illinois, who is also co-chair of the Congressional Blockchain Caucus, talked about cryptocurrency regulation during an Axios virtual event Tuesday. Addressing…

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‘Not a healthy environment’: Kamala Harris’ office rife with dissent

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When Vice President Kamala Harris finally made the decision to visit the Mexico border last week, people inside her own office were blindsided by the news. For days, aides and outside allies had been calling and texting with each other about the political fallout that a potential trip would entail. But when it became known that she was going to El Paso, it left many scrambling, including officials who were responsible for making travel arrangements and others outside the VP’s office charged with crafting the messaging across the administration. The…

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Republicans go all-in on immigration as a political weapon

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Kristi Noem is sending the South Dakota National Guard to the U.S.-Mexico border. Florida’s Ron DeSantis is providing law enforcement officers. Greg Abbott is vowing that Texas will build its own wall. With Donald Trump and a dozen House Republicans joining Abbott on the border on Wednesday, the GOP is loudly signaling its conviction that immigration will be a potent political weapon ahead of the midterm elections and presidential primary in 2024. “As an issue, I can’t think of one that’s better,” said Jeff Roe, a Republican strategist and top…

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House Republicans use Trump visit to hammer Dems on the border

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McALLEN, Texas — House Republicans have traveled to the U.S.-Mexico border numerous times. Not until Donald Trump agreed to join them did they get the focus they wanted for their push to undercut President Joe Biden’s immigration agenda. Visiting the border with the former president is part of Republicans’ long-running effort to spotlight a spike in migration that they’re betting they can use to help win back the House next year. But the trek with Trump also underscores how closely the party is hugging him, embracing his policies and his…

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Coinbase to Launch Apple-Like Crypto App Store

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Cryptocurrency exchange Coinbase has unveiled its plan to build “the crypto app store,” inspired by how Apple Inc. built its app store. CEO Brian Armstrong said: “Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.” In a blog post published on Tuesday, Coinbase CEO Brian Armstrong detailed several opportunities in the crypto space the Nasdaq-listed company is pursuing. One of them was to “Build the crypto app store.” The CEO detailed, “Like the internet,…

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Triall: Bridging the Gap Between Medical Research and Blockchain Technology

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The COVID-19 pandemic has ravaged the global economy, leaving many industries re-evaluating the robustness of legacy models in times of crisis. Unsurprisingly, one of the most impacted industries has been the global healthcare industry, as governments raced to test for, treat and develop a vaccine for the fast-spreading virus. Whilst, on the whole, the testing regimes, treatments and vaccination programs have been somewhat successful in developed countries (especially the United Kingdom and Israel), existing pain points in pharmaceutical research and development have exacerbated delays according to a number of experts.…

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Formula 1 Secures Multimillion Crypto Sponsorship Deal

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Formula 1, the international auto racing organization, has found a new sponsor from the crypto industry. The long-term deal will provide a digital asset trading platform with brand presence at F1 events while the car championship hopes that the partnership will allow it to “explore the world of cryptocurrency.” Crypto.com to Support Formula 1 as Part of Reported $100 Million Sponsorship Agreement The deal between Formula 1 and Crypto.com, which was announced on Tuesday, has been negotiated with the help of sports firm Creative Artists Agency. The terms were not…

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‘We can’t escape the politics’: Biden and DeSantis’ fragile détente tested

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MIAMI — A disaster had just struck. Dead bodies were being recovered and people were homeless. But political opportunists didn’t care about that. They were angry that a Republican governor was putting politics aside and working with a Democratic president. The year was 2012. Hurricane Sandy had just devastated New Jersey. And the top adviser for then-Gov. Chris Christie was shocked by the calls from donors infuriated that his decision to work with Barack Obama was handing him a win just a week before the president’s reelection. “It was so…

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The most influential think tank of the Biden era has a new leader

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Patrick Gaspard, a longtime Democratic operative who served most recently as president of the George Soros-run Open Society Foundations, will take over as president and CEO of the Center for American Progress. His hiring ends a monthslong process to find a replacement for Neera Tanden, who left the post to become a senior adviser to President Joe Biden. And it immediately makes the 53-year-old Haitian-American one of the most powerful players in progressive politics outside of elected office. Gaspard’s resume may be unique in the sheer number of lanes he’s…

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How much is a Cabinet post worth?

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The bribery trial of a Chicago banker who helped arrange millions in loans for former Trump aide Paul Manafort has surfaced a curious question about the most coveted gig in Washington: How much is a Cabinet post worth? While some prospective presidential advisers might have considered the question in such crude terms, it seems unlikely that taxpayer dollars were expended to address it — until now. As the trial of Federal Savings Bank founder Stephen Calk plays out in a Manhattan courtroom, one of the issues in contention is whether…

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Dems fret that GOP could tap pro-Trump chaos agents for Jan. 6 probe

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Democrats wanted a panel of outside experts to investigate the Jan. 6 insurrection. Instead they might have to deal with the Trump wing of the House GOP. The House is set to vote Wednesday to create a new committee with a weighty mandate to dig into the worst attack on the Capitol since the War of 1812. But as Democrats prepare that panel, both parties are still unsure about which Republicans, if any, will serve on its 13-member roster — a decision that will dramatically shape the direction of the…

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Trump-backers want to export the Arizona ‘audit’ across the country

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A months-long examination of all the ballots from the 2020 election in Arizona’s most populous county may be winding down soon. But now the state is spreading the “audit” playbook across the country. Supporters of former President Donald Trump — fueled by Trump’s false claim that he did not lose the 2020 election — are behind a new push to review the results in states including Michigan, Georgia, Pennsylvania and Wisconsin. The new drive is worrying state election administrators, who say the efforts will further inflame conspiracy theories and erode…

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America’s pandemic stockpile struggles to ramp up

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Supplies of critical medical products in the Strategic National Stockpile are still well below federal targets more than 18 months after the coronavirus first emerged in the United States, according to internal data obtained by POLITICO. The federal government has built up the stockpile significantly over the last year. There are more than 35 times more N95 respirators and 10 times more ventilators available now than at the start of the pandemic. But the nation is still short hundreds of millions — or more — surgical masks, gloves and gowns.…

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Virtual care becomes a common cause in a divided Congress

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Congress appears poised to let millions of Medicare recipients continue to video chat with their doctors after the pandemic is over. A set of telemedicine policies the Trump administration adopted during lockdowns is emerging as an unexpected bipartisan rallying point as lawmakers begin to weigh life after Covid-19. The coverage policies are due to lapse once the health emergency ends, which could limit telehealth payments to rural providers and doctors with existing relationships with patients. Lawmakers are lining up to decide what Medicare will pay for after the pandemic is…

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Compound Launches Treasury to Introduce Institutions to Defi

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Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking to get passive income from their funds in dollars. Compound to Coax Institutions With Treasury Compound Labs, the company behind the Compound defi protocol, launched Treasury, a new defi service designed for institutions. This new…

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Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining

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Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for small-scale hydroelectric power plants have been placed recently on the online marketplace Xianyu, the South China Morning Post reported. The ‘second-hand’ installations come with a capacity of around 50 megawatts. The number of these offerings…

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Coinbase Launches High Yield USDC Accounts With 4% APY

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Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange Coinbase announced pre-enrollment for its usd coin (USDC) savings program that allows clients to earn a 4% APY interest rate on USDC held on the platform. Coinbase joins firms like Blockfi and Crypto.com that already…

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Dvision Network Open Beta Test (OBT) Goes Live ahead of Dvision World Launch

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PRESS RELEASE. One of the leading blockchain-based NFT & Metaverse platforms, Dvision Network, has revealed that its long-awaited “Open Beta Test” (OBT) is going live on June 30th 2021. According to Dvision Network, the Open Beta Test launch will be divided into several phases, with the following stages to be announced after the successful completion of the 1st phase. The countdown has already started on their official website: https://ift.tt/3ycwGeh. Open Beta Test to incorporate new NFT features The Open Beta Test is the test phase that will precede the launch…

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Latest New York mayoral count voided after ‘test’ ballots included in tally

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NEW YORK — The New York City Board of Elections accidentally included results from a mock trial of the city’s new ranked-choice voting system in unofficial primary returns released Tuesday — a snafu that threw the election process into chaos. Tallies released Tuesday afternoon indicated that Kathryn Garcia had come within 2.2 points of leading Democratic candidate Eric Adams after ranked-choice tabulations were processed. But, shortly after the results were released, reporters and campaign staffers noticed there were roughly 135,000 more votes counted than those reported on election night. Three…

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Newsom sues elections chief to call himself a Democrat on recall ballot

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SACRAMENTO — Gov. Gavin Newsom is suing his own appointed elections chief to get two words next to his name on the recall ballot: Democratic Party. The governor and his staff overlooked paperwork last year that would have allowed him to state his party preference on a recall ballot, according to a legal filing first reported Monday by Courthouse News. That apparent misstep means that Newsom would appear on the recall ballot without a party designation, while dozens of challengers will have their party preferences listed. Newsom filed a lawsuit…

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Top Dems working to appease fractured party on infrastructure

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Congressional Democrats are laboring this week to preserve their party’s fragile peace on an increasingly fraught infrastructure strategy. As President Joe Biden scrambles to keep his bipartisan deal with Senate Republicans alive, Democrats are working behind the scenes to mollify their more restive members and present a united front in a critical stretch for his agenda. Moderates are worried about too much spending in a second, one-party bill, while progressives are worried about too little spending — and senior Democrats are caught in the middle. House Budget Committee Chair Rep.…

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House votes to repeal decades-old war powers amid Middle East debate

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The House on Tuesday voted to repeal a pair of outdated war authorizations, piling onto an expanding debate on Capitol Hill over reining in broad presidential war powers. Lawmakers passed the two measures — one bill that would repeal the 1991 Gulf War authorization and a second that would rescind a vague Cold War-era military authorization for the Middle East passed in 1957 — with bipartisan support under expedited procedures that required two-thirds majorities to pass. The move to clear the obsolete military authorities follows a bipartisan House vote this…

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FTX Partners With Tom Brady and Gisele Bündchen in Long Term Deal

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FTX Trading Limited has announced the company has partnered with seven-time Super Bowl Champion Tom Brady and Brazilian model Gisele Bündchen in a long-term deal. Both celebrities will have an equity stake in FTX and receive payments in crypto, the announcement explains. The NFL star Brady will serve as the ambassador for FTX, while the activist Bündchen will fill the role of FTX’s environmental and social initiatives advisor. NFL Star Tom Brady and Brazilian Model Gisele Bündchen Join FTX FTX continues to enter the realm of mainstream sports and celebrity…

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64 Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, FCA Says

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A growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications and will not be able to operate in the U.K. The list of cryptocurrency companies abandoning their attempts to register with the U.K.’s financial regulator is growing, Reuters reported Monday. Under the current crypto regulation, the Financial Conduct Authority (FCA) is responsible for ensuring crypto companies’ compliance with laws on the prevention of money laundering and terrorist financing. Companies wanting to…

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Northwest heat wave wilts new GOP climate resolve

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A week ago, three lawmakers from the Northwest joined dozens of their Republican colleagues in creating the new Conservative Climate Caucus to show they were serious about addressing the growing threats to the planet. Then they went silent as a devastating heat wave hit the region. The trio — Reps. Cliff Bentz of Oregon and Dan Newhouse and Cathy McMorris Rodgers of Washington state — have been largely invisible as the heat wave shattered temperature records, melted streetcar power cables and caused rolling blackouts, all the symptoms of a warming…

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Mexico’s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System

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Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto assets are not legal tender in Mexico and are not considered currencies under current laws. The regulators warned that financial institutions operating with them are subject to sanctions. Their statement reads: “The financial authorities reiterate…

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Adams stays ahead, Garcia surges — but New York election board admits counting problems

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NEW YORK — Eric Adams barely held onto his lead in New York City’s Democratic mayoral primary after voters’ lower-ranked candidates were accounted for on Tuesday — but the results were immediately called into question after a major discrepancy in the vote totals. Hours after releasing results that showed Kathryn Garcia leapfrogging second-place finisher Maya Wiley to come within striking distance of Adams, the city Board of Elections issued a confusing statement that acknowledged problems with the results, but neither explained the problem, took any responsibility for it nor answered…

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UPDATED: Adams stays ahead, Garcia surges but New York election board admits counting issue

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NEW YORK — Eric Adams barely held onto his lead in New York City’s Democratic mayoral primary after voters’ lower-ranked candidates were accounted for on Tuesday — but the results were immediately called into question after a major discrepancy in the vote totals. Hours after releasing results that showed Kathryn Garcia leapfrogging second-place finisher Maya Wiley to come within striking distance of Adams, the city Board of Elections issued a confusing statement that acknowledged problems with the results, but neither explained the problem, took any responsibility for it nor answered…

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Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

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All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a lawsuit against the government and the financial authorities alleging the country’s crypto law is unconstitutional, Business Korea reported Monday. The revised Act on Reporting and Use of Certain Financial Transaction Information requires cryptocurrency exchanges to…

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Indians Hold $40 Billion in Cryptocurrency, Report Suggests

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Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past year, which saw major coins hitting all-time market highs. Investments in crypto assets have increased from around $200 million to almost $40 billion, Bloomberg reported, quoting blockchain forensics firm Chainalysis. The massive growth has been…

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Adams stays ahead, but Garcia surges to second in first tally of ranked-choice votes

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NEW YORK — Eric Adams barely held onto his lead in New York City’s Democratic mayoral primary after voters’ lower-ranked candidates were accounted for on Tuesday. He now outpaces Kathryn Garcia by just 2.2 points with more than 120,000 absentee ballots left to count. Those ballots will decide the race, with Adams up by just 15,908 votes. Garcia, the city’s former sanitation commissioner, overtook Maya Wiley for the second place spot once the city’s Board of Elections tallied 11 rounds of ranked-choice voting Tuesday. The system, being used for the…

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Ark Invest Files for a Bitcoin ETF

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Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s Ark Invest Jumps on the Bitcoin ETF Bandwagon Ark Invest, the famous asset management firm, filed for approval to launch a Bitcoin ETF yesterday. The firm, founded and managed by Cathie Wood, will partner with…

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Deutsche Börse Group Acquires Major Stake in Swiss Firm Crypto Finance AG

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On Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG. The move adds to Deutsche Börse’s extension into the cryptocurrency industry in order to provide custody solutions and a “direct entry point for investments.” Deutsche Börse Group to Expand Further Into Digital　Currency Ecosystem Deutsche Börse Group’s latest announcement explains that the company wants to build a trusted and regulated cryptocurrency ecosystem in Europe. The financial institution that rakes in €2.936 billion ($3.5 billion)…

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House GOP bristles as a Jan. 6 investigation lands in its lap

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In the days after the deadly Capitol attack on Jan. 6, tension among House Republicans was so high that one of them privately suggested some GOP colleagues be punished for their roles in encouraging the riot. This GOP lawmaker drafted a list of about half a dozen fellow Republicans who had cheered on the pro-Donald Trump rally that turned violent that day, according to two sources with direct knowledge of the maneuver. The sources said Reps. Mo Brooks (R-Ala.) and Paul Gosar (R-Ariz.) were on the list but declined to…

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Pelosi mulls an unexpected add to her team of Jan. 6 investigators: A Republican

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Speaker Nancy Pelosi is considering choosing a House Republican as one of her eight appointees for the Democrat-led investigation into the Jan. 6 Capitol attack, according to an aide in her office. Though Pelosi hasn’t signaled which member she would pick, tapping a GOP lawmaker could dramatically influence a House insurrection probe that Republican leaders have dismissed as an overtly partisan bid to undercut former President Donald Trump. The Democrats’ panel will be composed of 13 members, five of whom will be chosen by the GOP, according to the text…

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They Were Deported by Trump. Now Biden Wants to Bring Them Back.

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Jason Rochester tried everything he could to persuade the Trump administration to allow his wife Cecilia, who is Mexican, to come back to their home in the United States. A truck driver from Georgia, Rochester wanted to fix his wife’s undocumented immigration status and put her on track to become an American citizen, like him and their son Ashton, now 8. They even agreed that she would leave for Mexico voluntarily in 2018, expecting she would soon be permitted to re-enter the country with legal papers. They were wrong. Even…

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‘I come right at you’: The vigilantelike figure who’s running to be the GOP mayor of New York

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NEW YORK — As many New Yorkers fear the city could slip into the bad old days of subway crimes and gang shootings, one of the more memorable characters from the city’s rough and tumble past has emerged to carry the Republican banner into the general election for mayor. By most accounts, his chances of victory are slim. But Curtis Sliwa, who founded the citizen public safety group Guardian Angels in 1979, is used to long odds. Clad in red berets and jackets, the Guardian Angels — trained in conflict…

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California Democrats are reliably pro-labor. But one union is testing their patience.

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OAKLAND — California Democrats are losing patience with a powerful labor ally just as a gubernatorial recall and contentious legislative primaries loom. The State Building and Construction Trades Council of California, known colloquially as “the Trades,” has killed some of the Democrats’ most ambitious bills to tackle climate change and the state’s housing crisis, and lawmakers and others working on the issues are increasingly willing to voice their frustrations. The divisions in this deep blue state reflect an internal struggle Democrats nationwide will face as their environmental efforts run headlong…

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Myriad Proof-of-Work Blockchains See Significant Hashrate Losses

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While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable dedicated hashpower over the last few days. PoW Chains Feel the Wrath of the Great ASIC and GPU Exodus Lots of crypto advocates have been focused on China and Bitcoin’s (BTC) hashrate losing a large percentage of hashpower. Data shows on Monday, June 28, that BTC’s…

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Free TON DeFi Alliance Announces 15M TON Yield Farming Program

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PRESS RELEASE. The 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX powered by Broxus), except for the WTON-USDT pair which will be both hosted on Uniswap and TON Swap. On June 29 the first stage of farming begins. The second stage is expected to start by the end of the week. The rewards for liquidity providers will be given within two months. Free TON is a fast, secure and scalable network, which can process millions of transactions per second thanks to its unique dynamic…

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Mysterious Bitcoin Maximalist Mircea Popescu Allegedly Found Dead

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Mpex founder and Bitcoin evangelist Mircea Popescu reportedly drowned off the coast of Costa Rica, adding to the mystery surrounding the man, his purported bitcoin fortune, and what it might mean for the future of the network. Father of “Bitcoin Toxicity” Faced No Shortage of Controversy Just like the pseudonymous Satoshi Nakamato sparked a thrilling hunt for the true identity of the person or persons behind Bitcoin, the network has reportedly lost one of its most enigmatic and polarizing figures of the last decade. Mircea Popescu, a Romanian national and…

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Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time

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Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of Imprisonment According to a Mybroadband report, this new interpretation of the country’s exchange control regulations is contained in the FAQ document recently published by the Intergovernmental Fintech Working Group (IFWG), a body that is comprised…

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JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation

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JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market in a note published Friday. They explained that the near-term outlook for the crypto market is “challenging,” noting that blockchain data suggests recent cryptocurrency sell-offs were made to cover losses. “There is likely still an…

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Elon Musk Says ‘Important to Support’ Dogecoin Fee Change Proposal

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A fee change proposal for Dogecoin has been submitted and Tesla CEO Elon Musk says that it is “important to support” it. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple software releases,” said the Dogecoin developer who submitted the proposal. Elon Musk Signals Support for Dogecoin Fee Change Proposal Tesla CEO Elon Musk has signaled his support for the Dogecoin fee policy change proposal submitted Sunday. Software engineer and Dogecoin developer Ross Nicoll posted on Twitter that…

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The feds had a plan to take on Facebook. A judge just scrambled it.

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A federal judge’s rejection of a major lawsuit against Facebook gave Silicon Valley’s critics one reason for hope: They say it perfectly illustrates the urgency for Congress to rewrite the nation’s antitrust laws. U.S. District Judge James Boasberg said Monday that the Federal Trade Commission’s antitrust complaint failed to show that the world’s largest social network — with 2.7 billion members and a market value exceeding the GDPs of all but 16 countries — is a monopoly. The ruling left the FTC and a coalition of nearly every state’s attorneys…

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Mad Money’s Jim Cramer Moves From Bitcoin to Ethereum — Says ‘It’s More of a Currency’

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The host of the “Mad Money” show, Jim Cramer, has bought ether after dumping almost all of his bitcoin. “I like ethereum because people actually use it much more to be able to buy things,” he said, emphasizing that “It’s more of a currency.” Jim Cramer Prefers Ethereum to Bitcoin Jim Cramer was asked about his updated view on bitcoin Monday on CNBC after he sold almost all of his BTC last week. A former hedge fund manager, Cramer co-founded Thestreet.com, a financial news and literacy website. The Mad Money…

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Federal court tosses antitrust suits against Facebook, in huge blow to D.C.’s fight with tech

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A D.C. federal court on Monday dismissed antitrust suits by the Federal Trade Commission and state attorneys general seeking to break up Facebook’s social networking monopoly, dealing a massive blow to regulators’ attempt to rein in Silicon Valley’s giants. The ruling by U.S. District Judge James Boasberg sent Facebook’s stock market value surging past $1 trillion, while generating new calls in Congress for rewriting the nation’s antitrust laws to better address monopolistic abuses in the online world. Boasberg’s decision also went to the heart of Washington’s court fights with Facebook…

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White House targets corporate giants in draft executive order

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The White House is crafting an executive order aimed at promoting competition throughout the U.S. economy, a move aimed at lessening the stranglehold of dominant players in industries ranging from banking and agriculture to shipping and air travel, according to three people familiar with the discussions. The order, which could be issued as soon as this week, fits in with a growing theme for President Joe Biden, who has elated progressives by appointing advocates of tougher antitrust enforcement to top jobs at the White House and agencies such as the…

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GOP senator jams up Pentagon pick over Biden’s Navy plan

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Republican Sen. Roger Wicker is holding up a high-level Pentagon nominee in an attempt to push the Navy to commit to buying more amphibious ships, according to two people familiar with the situation. The nominee, Susanna Blume, had been tapped to run the Pentagon’s Cost Assessment and Program Evaluation office, which would give her a central role in assessing new weapons systems proposed by the armed services. The veteran of the Obama Pentagon largely sailed through her confirmation hearing in May, and her nomination has been sent to the full…

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New Middle East airstrikes inflame Democratic war powers debate

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President Joe Biden’s weekend airstrikes against Iran-backed militias in Iraq and Syria are rankling Democrats frustrated by his decision to sidestep Congress — a dynamic that promises to fuel the party’s long-running push to rein in presidential war powers. Democratic lawmakers are in familiar territory over Biden’s latest retaliatory airstrikes after criticizing him for striking the same Iranian proxies in the region earlier this year without first seeking congressional approval. In both instances, the president cited his authority under Article II of the Constitution, which allows him to take steps…

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Trump lawyer: Manhattan DA won’t charge former president

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Manhattan District Attorney Cy Vance has indicated he does not currently plan to charge the Trump Organization with crimes related to allegations of “hush money” payments and real estate value manipulations, according to a personal lawyer for Donald Trump. Ronald Fischetti, a New York attorney who represents the former president, said on Monday that in a meeting last week, he asked Vance’s team for details on charges they were considering. According to Fischetti, members of Vance’s team said they were considering bringing charges against the Trump Organization and its individual…

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Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model

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The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian approach to crypto regulation. US Regulation Would ‘Ultimately Be Very Positive’ for Mass Adoption of Bitcoin, Cryptocurrencies Christopher Wood, Head of Global Equity Strategy at Jefferies, discussed cryptocurrency regulation in his most recent weekly research note, Greed & Fear. Jefferies is a diversified financial services company engaged in…

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DeFi Yield Protocol (DYP) Continues to Expand Its Ecosystem

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DeFi Yield Protocol has emerged as one of the fastest-growing crypto projects with an expanding ecosystem. DYP allows DeFi users to leverage advanced trading tools to earn yield on their assets while taking advantage of the unique DYP Tools decentralized application. DYP has attracted the attention of many within the crypto space due to its features that include its unique Anti-manipulation system. The anti-manipulation feature ensures the stability of DYP tokens by automatically converting DYP rewards to Ether (ETH) or BNB by 00:00 UTC daily and distributing rewards to liquidity…

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Mysterious John McAfee Website Appears for Two Days — Whackd Token Climbs Over 700%

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Following the death of the former antivirus tycoon John McAfee, an ERC20 token called whackd (WHACKD) has seen its valuation rise significantly. Three days ago, the Ethereum-based coin was swapping for less than a U.S. penny, but then the token skyrocketed by 733% reaching over $0.07 per unit. Moreover, four days ago, a mysterious website showcasing the whackd token popped up on the internet alluding to McAfee’s alleged “contingency plan” with a countdown timer. Mysterious McAfee Contingency Plan Website Appears on the Web Leading People to the Whackd Token Contract…

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Bitcoin Hashrate Drops 35% Intraday — Mining Difficulty to Drop by 23%

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Bitcoin’s hashrate experienced a large drop of almost 35% in a single day. The hashrate plummeted from 108 exahash per second (EH/s) yesterday to today’s 69 EH/s, seeing one of the sharpest declines in the network. This might be a consequence of the situation going on with miners in China. Numbers further estimate a mining difficulty drop of around 23.7% next week. Bitcoin Hashrate Plummets The Bitcoin hashrate, the amount of work that secures the Bitcoin network, has experienced a sharp decline in the last week. In just a day,…

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Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives

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The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. China is now listed as prohibited and residents from the country are forbidden to use Huobi’s service. Chinese Citizens Are Now Banned From Huobi’s Crypto Derivatives Products The digital currency exchange Huobi has updated its terms of service (ToS) and user agreement and notes that Chinese residents are banned from using Huobi’s crypto derivatives products. “Use of the service by persons located in the United…

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‘Trump isn’t the dictator’: Wisconsin GOP inches away from Trump

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WISCONSIN DELLS, Wis. — It could have upended the Wisconsin Republican Party’s annual convention, given Donald Trump’s hold on the GOP. Just as the state party gathered this past weekend, Trump issued a statement tearing into the state Assembly speaker, Robin Vos, and two other Republican lawmakers for doing too little to promote his election conspiracies. But in a rare setback for his post-presidential interventions in the GOP, Trump in Wisconsin appeared to shoot a blank. When Vos and Devin LeMahieu, the state’s Senate majority leader, took the stage on…

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DeSantis ‘very wary’ of upsetting Trump

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TALLAHASSEE — Florida Gov. Ron DeSantis is on a collision course with the most powerful man in the GOP: Donald Trump. DeSantis is crisscrossing the country to deliver red-meat speeches. Iowa leaders begged him to visit. He just beat Trump in a key straw poll. And now the popular governor is getting close to overshadowing the former president in the 2024 presidential sweepstakes. All of that could be dangerous for DeSantis’ political health, as Trump continues to ponder a new bid for the White House and remains capable of kneecapping…

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The 2024 Iowa caucus campaign has already begun

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WEST DES MOINES, Iowa — Former President Donald Trump would be the overwhelming frontrunner for the Republican Party’s nomination should he wage a 2024 comeback bid. But that’s not stopping his would-be GOP successors from barreling into Iowa. Only months after Trump’s election defeat, Republicans are laying the groundwork for the all-important, first-in-the-nation presidential caucuses. Potential candidates are hopscotching across the state to fundraise, campaign for midterm hopefuls and appear at traditional party dinners that mark the start of caucus season. And behind the scenes, Republicans are making overtures to…

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China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures

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BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most prolific exchange in Asia, announced it has exited the cryptocurrency business. The company said it had sold its shares in the Singapore exchange ZG.com in May 2020. Most of the cryptocurrency exchanges based in China…

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Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit

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The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, according to crypto market aggregation sites and even the official website safedollar.fi. The website shows the price per SDO is zero and members of the algorithmic defi stablecoin community got wind of an attack via…

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Republicans ramp up attacks on Biden on … everything

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Early in Joe Biden’s presidency, Republicans openly conceded how poor a target he was for them. Their hits on the president simply weren’t sticking. That hasn’t, however, kept Republicans from swinging away. Biden is far and away the GOP’s No. 1 villain on Facebook, according to an analysis conducted by the Democratic-leaning communications agency Bully Pulpit for POLITICO. Over the last three months, Republicans and affiliated groups and committees have spent nearly $2.5 million trying to paint Biden and his priorities in a negative light. That’s more than three times…

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As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate

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The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core Inflation Indicator Jumps Highest in Close to Three Decades After more than a year of lockdowns and business shutdowns alongside the massive monetary expansion introduced by the Federal Reserve, economists are worried about rising inflation.…

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PORT Network: DApp to Harness Sustainable Processing Power for Both Cloud and Volunteer Computing

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PRESS RELEASE. With an ever-increasing demand for computing power, PORT Network launches the first dApp to merge both Cloud and Volunteer computing on the blockchain. 28th June 2021, Düsseldorf, Germany – The demand for increased computing power is growing at an exponential rate. Industries such as IoT, Pharmaceutical, AI, 3D Image Processing and Deep Learning all require huge bandwidth in a non-restrictive and cost-efficient approach. This is where PORT Network seeks to break new ground. PORT Network is the first decentralized P2P application which unites both Cloud and Volunteer computing…

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Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

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Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean Banks remain reluctant to open real-name accounts for traders on domestic cryptocurrency exchanges, the Korea Herald wrote on Sunday. The reasons hide in recently adopted regulations obliging the trading platforms to partner with local financial…

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DeSantis’ big goal: Don’t enrage Trump

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TALLAHASSEE — Florida Gov. Ron DeSantis is on a collision course with the most powerful man in the GOP: Donald Trump. DeSantis is crisscrossing the country to deliver red-meat speeches. Iowa leaders begged him to visit. He just beat Trump in a key straw poll. And now the popular governor is getting close to overshadowing the former president in the 2024 presidential sweepstakes. All of that could be dangerous for DeSantis’ political health, as Trump continues to ponder a new bid for the White House and remains capable of kneecapping…

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Europol Cracks Down on Vitae Belgian Ponzi Scheme, Recovers €1.5 Million in Crypto

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Europol, the EU law agency, cracked down on Vitae, a Belgian Ponzi scheme. Europol raided 17 locations related to the website, promoted as a social media site with its own cryptocurrency. The company operated in Switzerland under the name VITAE AG. Law enforcement officials recovered €1.1 million in cash and €1.5 million in cryptocurrency during this action. Europol Shuts Vitae Down Europol took action against a group of individuals that used the Vitae platform to run an alleged Ponzi scheme. The European law enforcement agency coordinated the actions with the…

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Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’

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In a hint that Tanzania might soon reverse its 2019 crypto ban, an unnamed spokesperson of the Bank of Tanzania (BOT) recently suggested the apex bank is “working on the directives given.” The remarks by the spokesperson follow Tanzanian President Samia Suluhu Hassan’s call on the country’s finance chiefs to prepare for cryptocurrencies. BOT Move Commended In a speech delivered shortly after El Salvador made bitcoin legal, President Hassan pointed to the inevitability of cryptocurrencies. However, as one report explains, the central bank spokesperson did not reveal whether or not…

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Cryptowisser : Crypto Taxes Will Continue to See a Regulations Increase as Adoption Rises

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PRESS RELEASE. June 2021, leading Crypto service comparison site – Cryptowisser, attempts to dissipate the cloud of confusion surrounding tax regulations on crypto currencies around the world. As the tax season comes to a close and a record amount of crypto traders are holding, how do you legally save your crypto? It is no surprise that as the recent surges and as alt coins continue flooding the market, more and more people are seeing it as a potential way of making money. And the once fabled mysterious currency, is well,…

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Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’

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The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though bitcoin’s price has been lower in recent weeks after shedding over 40% in the last three months, Lingham has an optimistic outlook if “$30k continues to hold.” Vinny Lingham’s Recent Bitcoin Predictions Show Optimism Vinny Lingham is talking about bitcoin…

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Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud

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Ricardo Salinas Pliego, Mexico’s third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as “gold for the modern world.” He recommends bitcoin, thinks that fiat money is a fraud and the idea of the U.S. dollar being a hard currency is a joke. Mexico’s Third-Richest Man Sees Bitcoin as Asset With ‘Extraordinary Properties’ Ricardo Salinas Pliego talked about bitcoin and fiat money in an interview with José Rodríguez, published last week. He explained that he considers bitcoin a financial asset so…

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‘It is not over’: New York’s mayoral frontrunner forced into waiting game

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NEW YORK — At most other times in New York City history, the Democratic nominee for mayor could spend this post-primary period basking in the glow of victory and an almost guaranteed path to City Hall. But this is like no other time in city history and the next few weeks will be a complicated and potentially messy time for mayoral politics. “This is new territory for all of us,” leading candidate Eric Adams acknowledged Friday. He is nine points ahead in first-choice ballots for New York’s first-ever ranked-choice election.…

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Rush to close vaccination gap for Hispanics

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Troves of misinformation, language barriers and fears around immigration enforcement are hampering efforts to vaccinate Hispanic communities against Covid-19, challenging the Biden administration’s push to crush the coronavirus as a dangerous new variant quickly spreads. Much of the nationwide attention on the slowing vaccination campaign has focused on hard-line resisters, predominately in Republican-led states in the South and Mountain West. But Hispanic communities, even as they’re among the most eager to receive the shots, are still facing barriers to vaccination that could leave them vulnerable to the virus this summer,…

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John McAfee’s Hideout Was a Secret Bitcoin Mining Farm

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John McAfee was reportedly hiding out in a Spanish “ghost hotel” with a bitcoin mining farm in the basement prior to his arrest. Clues from images and messages the antivirus tycoon posted on social media point to a semi-abandoned hotel owned by a Russian. ‘Ghost Hotel’ With Bitcoin Mining Farm After John McAfee was reportedly found dead in his prison cell in Spain, reports have emerged that the antivirus tycoon’s hideout place was a secret bitcoin mining farm. The place was a semi-abandoned hotel in Cambrils called Daurada Park Hotel,…

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Crypto Industry Will Benefit From Tighter Regulation, Says Law Professor

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The chairman of International Banking Law and Finance at the University of Edinburgh, professor Emilios Avgouleas, says that tighter crypto regulation will benefit the industry in the long run. He is bullish about the prospects of cryptocurrencies becoming widely used around the world. Tight Regulation Good for Crypto Industry Professor Emilios Avgouleas talked about how strict regulations are beneficial to the crypto industry in an interview with the Insider last week. The chairman of International Banking Law and Finance at the University of Edinburgh, professor Avgouleas is also a senior…

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GOP struggles with diversity test on powerful finance panel

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A race to fill one of the most coveted committee seats in Congress is forcing Republican leaders to make a tough choice between how much they value seniority over the need to improve diversity in their ranks. At least six GOP lawmakers are vying for an open spot on the House Financial Services Committee, whose vast jurisdiction includes overseeing banks and the nation’s stock markets. The 24-seat Republican membership on the committee — which is also a prime perch to raise campaign cash from Wall Street — is nearly all…

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Boston Fed President Says the ‘Exponential Growth’ of Stablecoins Could ‘Disrupt’ Money Markets

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Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins is concerning. Rosengren: ‘We Should Be a Bit Concerned About Stablecoin Markets Growing Very Rapidly’ Members of the Federal Reserve are quite aware of stablecoins and the massive market these pegged-assets have created. Today statistics show there’s $111 billion in stablecoin capitalization amongst the long list of these types of…

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Inflation summer vs. recovery summer: Biden fights to win the narrative

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President Joe Biden faces a daunting task over the summer months: convincing Americans struggling to return to a normal life that rising prices on everything from gasoline and food to airline tickets won’t last. Republicans — seeing a potential repeat of President Barack Obama’s “Recovery Summer” of 2010 when the economy suddenly backslid after emerging from the Great Recession — have used the price spikes to attack the administration’s big-spending plans and response to the pandemic. That will put pressure on the White House to go all out in the…

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CME Group’s Micro Bitcoin Futures Reach 1 Million Contracts Traded

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CME Group’s(Chicago Mercantile Exchange) micro-bitcoin futures have already traded more than one million contracts. This instrument allows institutions and retail traders to invest in the crypto asset at a lower price point of 0.1 bitcoin. The contract has only been available for seven weeks, and demand shows there is still room for new derivatives in the crypto market. CME Micro Bitcoin Futures Sell Big When the CME launched a new set of bitcoin derivatives contracts directed to smaller investors almost two months ago, it didn’t expect so much buzz around…

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Despite BTC’s Price Drop, Bitcoin Held on Exchanges Is 28% Lower Than Last Year

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While the price of bitcoin is more than 40% lower than it was 90 days ago on March 29, the number of bitcoin held on exchanges has also been reduced. Last year on the same day in June, 2.79 million bitcoin was retained on crypto trading platforms and a year later roughly 28.67% of the bitcoin held left crypto exchanges. The decreasing quantity of bitcoin kept on centralized exchanges suggests the coins are being held in long-term storage rather than being prepared for trading. Data Suggests Bitcoins Are Being Removed…

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Regulators in UK, Japan Issue Warnings on Binance Amid Crackdown on Unauthorized Crypto Exchanges

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Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial regulator, the Financial Services Agency (FSA), issued a warning notice to Binance Holdings Ltd. and CEO Changpeng Zhao on Friday. The notice states that Binance has been providing crypto exchange services to Japanese customers without registration. Under Japanese cryptocurrency regulation, companies wanting to provide crypto exchange services in Japan must…

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Republicans back on board after Biden’s infrastructure clean-up

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President Joe Biden’s domestic agenda appears back on track in Congress, with Republicans praising his newly clarified approach to their bipartisan infrastructure plan and a key Democrat endorsing work on a separate, larger spending package. Two GOP negotiators on the bipartisan infrastructure deal said Sunday that they were mollified by Biden’s Saturday statement vowing to support the bipartisan framework on its own merits, rather than withholding his signature until he also received a larger, partisan proposal. Many Republicans interpreted his remarks in the aftermath of their deal on Thursday as…

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Indian Banks Halting Services to Crypto Industry Post RBI Clarification

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Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid. The latest bank to join the fray is IDFC First Bank. IDFC First Bank has become the latest bank to halt services to crypto companies, Livemint reported last week, citing industry sources. The publication conveyed: IDFC First Bank over the past week temporality stopped services, as it is doing enhanced due diligence regarding banking support to crypto exchanges.…

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Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province

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Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has updated customers on a change that concerns crypto traders in Ontario. The Canadian province is now a restricted jurisdiction, the company announced this week. In a press release, Binance explains the move is part of…

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Republicans are watching their states back weed — and they’re not sold

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Marijuana’s popularity boom in red states isn’t breaking through with conservatives on Capitol Hill, pinching an already narrow path to federal legalization. A growing number of Republican senators represent states that have legalized recreational or medical cannabis — six approved or expanded marijuana in some form just since November. But without their support in Congress to make up for likely Democratic defectors, weed falls critically short of the 60 votes needed to advance legislation. Montana’s Steve Daines and South Dakota’s Mike Rounds, both Republicans, said they don’t support comprehensive federal…

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The Crypto Climate Accord Walks a Fine Line Between Self-Interest and the Greater Good

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As the spotlight turns once again towards the environmental impact of blockchain technologies, support for the Crypto Climate Accord has come from curious corners of the industry, raising questions about its signatories’ motives. Authenticity of CCA’s Support Remains Debatable With concerns surrounding blockchain’s environmental impact garnering a lot of attention, the alarms have grown so loud that crypto mining was the hottest topic of discussion during this year’s UN World Environment Day. This echoed increased support for initiatives designed to restore the natural ecosystem, proposed by several prominent personalities and…

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Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows

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According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These fresh denials by Africrypt directors come as doubts over the actual number of stolen bitcoins continue to mount. Africrypt Directors Have Little Life Experience Responding to an inquiry from BBC, John Oosthuizen, the lawyer representing…

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French Court of Appeals Upholds Alexander Vinnik’s Sentence

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A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.S. Court Confirms Vinnik’s 5-year Sentence for Money Laundering The Court of Appeals of Paris has confirmed the first instance decision in Alexander Vinnik’s trial, Russian media reported. In late 2020, the IT specialist, and alleged cybercriminal, was sentenced to five years in prison for money laundering. Vinnik’s defense team…

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Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week

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On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, Difficulty Could Drop More Than 20% Next Week Statistics show that bitcoin (BTC) miners are processing blocks a lot faster, as the hashrate has improved during the last 48 hours. On June 26, 2021, the…

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Biden worked phones to salvage infrastructure deal

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Not 48 hours after President Joe Biden had appeared to seal a landmark deal with Republicans, he was on the phone trying to save it. Biden himself was making calls to members of Congress in an effort to salvage a nearly $600 billion infrastructure package, two people with knowledge of the calls said. That was just one of the many steps Biden, top aides and allies were taking to avoid an unraveling of an agreement after the president in a press availability infuriated Republicans by threatening not to sign it…

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Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

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Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, Mining, and Trade has issued licenses to 30 cryptocurrency mining centers, the Financial Tribune revealed this week, quoting official figures published on the department’s website. One of these mining farms is based in Tehran Province…

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Tesla’s Elon Musk and Twitter’s Jack Dorsey Agree to Have ‘the Talk’ at Bitcoin Event ‘B Word’

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Tesla CEO Elon Musk and Twitter CEO Jack Dorsey have agreed to have “the talk” at the bitcoin event called “The B Word,” which aims to show institutional investors how they can embrace bitcoin. Elon Musk vs. Jack Dorsey at Bitcoin Event Tesla and Spacex CEO Elon Musk and Twitter and Square CEO Jack Dorsey have agreed to have a discussion at a bitcoin event called “The B Word.” According to its website, The B Word event will take place on July 21. It is a “Bitcoin focused initiative that…

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Guggenheim CIO Predicts ‘Real Bottom’ of Bitcoin, Warns BTC Price Could Fall to $15,000

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The chief investment officer of asset management firm Guggenheim, Scott Minerd, thinks he knows where the real bottom of bitcoin’s price is. He warns that the price of the cryptocurrency could fall to the $15K level. Guggenheim’s Scott Minerd Sees Bitcoin Bottom The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, is back with another bearish prediction for bitcoin and a forecast of where the “real bottom” of the bitcoin price is. Minerd is also the chairman of Guggenheim Investments, the global asset management and investment advisory division of…

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