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While GDP trackers like the Federal Reserve Bank of Atlanta can be volatile, several economic indicators also support the downward trend, which could also spell trouble for the crypto markets too, should a global liquidity crunch and more geopolitical conflict ensue.
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The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking close to a 4% growth for Q1.
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The treasurer can’t invest more than 10% of the total fund deposits in any fiscal year but may loan digital assets from the fund to generate returns if it doesn’t increase financial risks to the state.
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The scam, while utilizing crypto, is a variation of one employed by criminals for years, usually threatening someone over the phone with fake legal consequences unless they purchase gift cards and send the redemption code. According to the FBI, Americans lost more than $5 billion from crypto fraud in 2023, with many scams targeting senior citizens.
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Franklin Crypto Index ETF (EZPZ), sponsored by asset manager Franklin Templeton, has drawn approximately $2.5 million in net assets since debuting on Feb. 20, according to Franklin Templeton’s website.
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https://warpcast.com/mayj27150/0x63299af5
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https://warpcast.com/mayj27150/0xaff603c5
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Issuing a fully compliant and backed token would take a few more months, he said, with Blockchain.com selected to list the token initially.
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“By the time we get through our vendor selection process at the end of this month and we get under contract, the hope would be to pretty much turnkey a Wyoming stable token, at least onto a testnet, and start testing that out at the end of March,” he said.
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Seyffart, on Jan. 16, said Solana ETFs may not launch in the United States until 2026, even under a crypto-friendly White House.
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Volatility Shares, another asset manager, had filed a similar application in December.
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Treasury officials told lawmakers in a Dec. 30 letter that the incident has been attributed to a Chinese state-sponsored APT actor.
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He argued the opinion “most obviously impacts” his charge of conspiring to violate the International Emergency Economic Powers Act (IEEPA), a law central to the US sanctions apparatus, as the appeals court found the smart contracts “are not the ‘property’ of a foreign national or entity,” meaning they “cannot be blocked” under the law.
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Storm said in a Dec. 18 motion in a Manhattan district court that an opinion last month from the Fifth Circuit Appeals Court on a separate case finding the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning Tornado Cash’s smart contracts “makes clear that all three counts of the indictment are fatally and legally flawed.”
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Roman Storm, the co-founder of crypto mixing platform Tornado Cash, told a United States federal judge that his criminal charges should be dropped after an appeals court found sanctions against the platform’s smart contracts were unlawful.
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Byte Federal, one of the biggest Bitcoin ATM operators in the United States, suffered a major data breach that potentially affected 58,000 customers.
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The company told the United States Securities and Exchange Commission that it acquired 6,484 BTC between Oct. 1 and Nov. 30 for $618.3 million in cash. That brought its treasury to approximately 34,797 BTC, valued at approximately $3.3 billion. It mined 717 BTC in October, which was its highest production since the halving in April.
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MARA will not seek to connect the facility to the power grid. Rather, it will use the energy to power a data center.
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There is more than twice as much interconnection capacity as installed capacity in the United States, so the farm’s output would have likely been curtailed if it weren’t for MARA’s acquisition. Most interconnection capacity comes from alternative power sources.
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MARA announced a definitive agreement for the acquisition of the facility on Dec. 3. It has 114 MW of operational wind generation and 240 MW of interconnection capacity — that is, capacity that has not yet been connected to the power grid.
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