Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year

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Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,” the blockchain data analytics firm wrote. Data Shows Illicit Crypto …

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Rich Dad Poor Dad’s Robert Kiyosaki Changes His Mind About Treasury Bonds — Says ‘Time to Open My Closed Mind’

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says it’s time to open his closed mind after listening to economist Harry Dent. He is now buying 2-year U.S. Treasury bonds despite repeatedly saying he does not invest in anything printed by the Federal Reserve or Wall Street. Robert Kiyosaki Influenced …

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Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

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On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020. …

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Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently

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On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much …

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Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’

News / Di

While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as …

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Unpacking The “Lummis-Gillibrand Responsible Financial Innovation Act”

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A line-by-line analysis and critique of the recently proposed bill to regulate “digital assets.” To say it’s misguided is an understatement. This is an opinion editorial by Beautyon, the CEO of Azteco. In this post, I parse the above-named act, pointing out the glaring flaws and errors in it. It should be clear to any …

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Monochrome Eyes Spot Bitcoin ETF In Australia, U.S. Lags Behind

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The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF. Monochrome is eyeing a spot bitcoin ETF in Australia, adding to an already crowded market in the country. The fund’s partner has received unique regulatory approval to offer direct exposure to bitcoin. …

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