Hashdex’s approach differs from recent filings as it won’t depend on the Coinbase surveillance sharing agreement, opting to acquire spot Bitcoin from physical exchanges within the CME market. Crypto asset management company Hashdex has joined the competition for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. The firm has submitted an application…
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Speaking at the Kansas City Fed’s annual Jackson Hole economic policy symposium on Friday, Federal Reserve Chair Jerome Powell signaled the central bank is willing to continue aggressive interest rate hikes to curb high inflation. Powell put emphasis on the urgency of not letting up on bringing down inflation, currently at its highest in 40…
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Top-100 DeFi tokens had another mixed week, with most of the tokens trading in a similar range as last week with minor price fluctuation. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week…
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This transaction followed this same whale’s previous transactions on 5 June 2023 where he spent 280 Ethereum (worth $507,000) to acquire 500 billion PEPE. After the value of the frog-themed memecoin Pepe (PEPE) dropped by approximately 15% due to recent modifications in a multisig wallet and concerns about potential developer manipulation, a significant PEPE holder…
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The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent, Kroll, in which limited, non-sensitive customer data of specific claimants was exposed. FTX said it is actively overseeing the situation,…
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Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July. Global payment giant Mastercard is reportedly ending its cryptocurrency card partnership with Binance crypto exchange next month, according to a Bloomberg report. The report didn’t divulge the reason for the change, but implied it might be due to increased…
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Financial markets are watching closely as Federal Reserve Chairman Jerome Powell prepares to speak at the annual Jackson Hole meeting this Friday. A vital calendar event for central bankers and market watchers, the meeting will offer a platform for discussing changes in monetary policies and economic directions, among other topics. In the lead-up to Powell’s…
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With cryptocurrency prices experiencing a downturn and the S&P Global US manufacturing PMI slipping to 47 in August from 49 in July, a surprising supporter for Bitcoin has come forward—U.S. presidential candidate Robert F. Kennedy Jr. Kennedy, who has been an advocate for civil liberties, used his digital platform today to express his perspective on…
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John A. DeSalvo allegedly solicited ICO money from police and orchestrated a pump and dump on PancakeSwap shortly after. John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a crypto scam that specifically targeted police officers and first…
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Roman Semenov was placed on OFAC’s sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer. The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals…
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