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The duo were reportedly in the country for a set of crypto policy talks with government officials and had been guaranteed “safe passage.” Following his sudden arrest, the crypto employee’s health quickly took a turn for the worse. In June, U.S. lawmakers French Hill (R-LA) and Cynthia Houlahan visited Gambaryan, where they found him to be suffering from both Malaria and double pneumonia.
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Bitcoin (BTC) has quickly recovered to nearly $60,000 after a debacle last week that saw prices drop below $50,000 at one point. The recovery may have legs, as the "exchange stablecoins ratio," which measures the number of BTC held in wallets tied to centralized exchanges relative to stablecoins, suggests reduced selling pressure. The ratio has dropped to its lowest since February 2023, extending a prolonged downtrend that began in June last year, according to data tracked by blockchain analytics firm CryptoQuant. "This could indicate reduced selling pressure on bitcoin as fewer traders are converting their BTC into stablecoins," CryptoQuant told CoinDesk in a Telegram chat. "Additionally, this could suggest a bullish market sentiment, where traders seem to be holding BTC in anticipation of future price increases," CryptoQuant added.
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According to David Bailey, Vice President Kamala Harris spoke very harshly about the crypto market during meetings with Democratic Party donors. “One major Democratic donor told me that Kamala personally told him: ‘Bitcoin is criminal money.’” In response to Bailey’s message, crypto businessman David Gokhshtein said that he is sure that Kamala Harris is not interested in Bitcoin, since she and the White House administration have been attacking the industry for more than three years, and all she needs is votes, David Bailey also reported that Kamala Harris will not speak at the Bitcoin 2024 conference, which will be held in Nashville from July 25 to 27, 2024. Although negotiations were held with the Vice President’s team about participation.
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I love doing exercises
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In 2023, Vance introduced a bill that would protect crypto firms and exchanges from being cut off by traditional banks, while draft legislation for another industry-friendly bill is also circulating, according to Politico. In 2021, the former venture capitalist issued a statement opposing an amendment to the Infrastructure Bill that he claimed would “amount to a backdoor ban of bitcoin and other popular cryptocurrencies”. He added: “Our tech sector used to be defined by innovative upstarts and is now dominated by boring monopolists... The crypto community has stood in stark contrast to this shift. It is one of the few sectors of our economy where conservatives and other free thinkers can operate without pressure from the social justice mob.”
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Donald Trump’s running mate JD Vance is the first bitcoin holder to run for Vice President, forming a pro-crypto ticket alongside the former US president that has boosted the market and reassured the broader industry. Bitcoin surged in price by nearly 10 per cent following the attempted assassination of Trump over the weekend, with leading bookmakers further lowering the odds of the Republican nominee retaking the White House. The cryptocurrency continued to rise in price following Trump’s pick of Mr Vance for his running mate, who has held a crypto-friendly stance during his time as a senator and has a personal stake in its success.
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The team behind The Open Network (TON), the popular blockchain that taps into the Telegram messaging platform, said that it is coming out with its own layer-2 network based on Polygon’s technology. The team made the announcement on Tuesday at the Ethereum Community Conference (EthCC) in Brussels, Belgium, The new protocol, called the TON Applications Chain (TAC), will make use of Polygon’s Chain Development Kit (CDK), a customizable toolkit that lets developers create their own layer-2 blockchains based off of Polygon’s zero-knowledge technology, as well as Polygon’s AggLayer, their interoperability layer for solving blockchain fragmentation.
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Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining services and artificial intelligence ("AI") infrastructure company headquartered in New York, has published unaudited digital asset mining data and corporate updates for June 2024. Key corporate indicators for June 2024 As of June 30, 2024, the company had 256 servers that were actively generating revenue under the original Bit Digital AI contract. In June 2024, the company recorded estimated revenue of $4.1 million on this unaudited contract. The company mined 61.7 units of Bitcoin (BTC) in June 2024, down 2.5% from the previous month. The company's active hashrate, a measure of the computing power used for mining, was approximately 2.57 exahash per second (EH/s) as of June 30, 2024.
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Cybersecurity experts have criticized the decentralized platform for searching for bugs and vulnerabilities OpenBounty. Analysts discovered that a platform associated with the CertiK company makes publicly available data about errors identified in projects. Independent expert Pascal Caversaccio was the first to draw attention to OpenBounty’s work. He published a post sharply criticizing the platform, saying that developers were “leaking” confidential data online and posing a serious threat to the security of projects. The analyst noted that OpenBounty publishes information about various vulnerabilities through transactions on the Shentu blockchain. Anyone can obtain data on the level of the identified threat, the location of the problematic code, and read the comments of the report’s author.
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BTC briefly rose to $62,000 — this could be a reflection of how Biden’s stumbles may have deterred undecided voters from backing him, making a Trump win more likely. After a flurry of feverish speculation that crypto would be discussed during the first U.S. presidential debate, it didn’t end up getting mentioned once. But if we’re going to be brutally honest, this wouldn’t have generated many column inches anyway — especially considering the night was overshadowed by other events. Joe Biden’s exceedingly poor performance on stage alongside Donald Trump has instead grabbed the spotlight.
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Let us recall that the investigation into the activities of the crypto lender Abra was initiated by the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) in 2020. Regulators found that Abra and its Philippine affiliate Plutus Technologies sold cryptocurrency securities swaps to US clients without registering them, violating US securities laws. A working group of financial regulators from the states of Arkansas, Connecticut, Georgia, Ohio, Oregon, Texas, Vermont and Washington State later joined the investigation. During the investigation, facts of unlicensed provision of services for buying, selling, trading and investing in digital assets through mobile applications were confirmed.
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Abra and its founder William Bargid have reached a settlement with US financial regulators. The crypto lender pleaded guilty to providing unlicensed services and agreed to return $82.1 million to customers in 25 states. The 25 US state regulators involved in the settlement of a lawsuit against crypto lender Abra have agreed to waive a monetary penalty of $250,000 per jurisdiction to facilitate the repayment of the company's overall debt to its customers. In turn, Abra and its founder William Barhydt have committed to returning virtual assets totaling up to $82.1 million to consumers within a specified time frame. In addition, Barhydt has agreed that he will not hold management positions or participate in in any capacity other than as a passive investor for a period of five years in the business of transferring money or providing money services.
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https://warpcast.com/nonlinear.eth/0xd1d50484
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During the Bankless podcast, Ethereum co-founder Vitalik Buterin discussed with economist Noah Smith the “effectiveness” of authoritarian regimes after the advent of the Internet and blockchain technologies. Smith first argued that liberal democracies have historically excelled at aggregating information through markets, elections, and public discourse. However, the Internet's ability to centralize vast amounts of data potentially reduces this advantage. Moreover, the World Wide Web promotes anarchy by facilitating the spread of misinformation, he believes. Buterin develops this theme by comparing the information landscape to Thomas Hobbes's concept of a “war of all against all,” in which social balance is achieved only through monopoly control of the public narrative.
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