DeFi - Crypto News And Market Updates

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Hong Kong Customs Crack Down on Crypto Money Laundering Syndicate

August 8, 2024 Gonzalo

Hong Kong customs dismantled a sophisticated money-laundering syndicate that processed over $190 million through crypto transactions and over 200 bank accounts.

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India Rescues 14 Human-Trafficking Victims Lured by Crypto Scammers

August 7, 2024 Gonzalo

The Indian Embassy in Laos rescues 14 Indian youths from crypto scam centers in the Golden Triangle SEZ, highlighting ongoing efforts against human trafficking.

Spot Ether ETFs Attract $98M in Inflows; BlackRock’s Fund Reaches $870M

August 7, 2024 Gonzalo

Spot Ether ETFs saw $98M inflows on August 6, with BlackRock’s iShares Ethereum Trust reaching $870M since its July 23 launch, despite market volatility.

US Senators Urge CFTC to Ban Betting on 2024 Presidential Election

August 6, 2024 Gonzalo

US Senators and Representatives call for a ban on 2024 election betting, citing risks to democracy and concerns over platforms like Polymarket.

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Bybit Launches Pre-Market Perpetuals for Early Trading

August 6, 2024 Gonzalo

Bybit introduces Pre-Market Perpetuals, allowing traders to speculate on future token values with up to 5x leverage, enhancing early trading strategies.

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Coinbase International’s Perpetual Futures Trading Volume Soars to $38 Billion

August 5, 2024 Gonzalo

Coinbase International Exchange reports record-breaking $38 billion in perpetual futures trading volume for July, the highest since May 2024.

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Wharton Professor Siegel Urges 75bps Rate Cut as Crypto Plunges

August 5, 2024 Gonzalo

Wharton professor Jeremy Siegel urges the Fed to cut rates by 75bps as crypto markets and traditional stocks plummet on escalating recession fears.

Xapo Bank Becomes First to Offer Interest-Bearing USD and Bitcoin Account to UK Users

August 5, 2024 Gonzalo

Xapo Bank launches the UK’s first interest-bearing USD and Bitcoin account, providing innovative banking solutions for cryptocurrency users.

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Jerome Powell’s Crucial Statements Send Ripples Through Crypto Market, Shiba Inu Eyes Birthday Rally, Here’s How Much Bitcoin BlackRock Currently Holds

August 4, 2024 Gonzalo

Jerome Powell’s statements ripple through the crypto market; Shiba Inu eyes a birthday rally; Discover BlackRock’s current Bitcoin holdings.

Crypto Community Slams WazirX’s ‘Socialized Losses’ Plan After Hack

August 4, 2024 Gonzalo

WazirX’s “socialized losses” plan after a $230M hack sparks outrage among users, demanding improved security and transparency from the exchange.