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FBI Drops Investigation of Kraken Founder Jesse Powell

FBI Drops Investigation of Kraken Founder Jesse Powell

Leave a Comment / FBI, Investigation, Kraken, Legal, News Bytes, News Bytes - 5 /

The FBI has officially dropped its investigation into Kraken founder Jesse Powell and returned dozens of seized devices, including laptops and cellphones, according to Fortune. The investigation, which stemmed from a management dispute with a non-profit organization Powell founded, had no connection to his operations at the cryptocurrency exchange. Powell expressed relief over the conclusion […]

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US Unseals Civil Forfeiture Action Against Million in Crypto Linked to Hamas

US Unseals Civil Forfeiture Action Against $2 Million in Crypto Linked to Hamas

Leave a Comment / Binance, DOJ, FBI, News Bytes, News Bytes - 5, Tether (USDT), United States US /

The U.S. Department of Justice and the U.S. Attorney’s Office for the District of Columbia have announced the unsealing of a civil forfeiture action targeting approximately $2 million in digital currency held in accounts with Tether Limited and Binance Holdings LTD, connected to Buy Cash Money and Money Transfer Company, a Gaza-based money transfer business

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‘Crypto Queen’ Cynthia Lummis Calls for Senate to Cancel August Recess and Stay in Session

‘Crypto Queen’ Cynthia Lummis Calls for Senate to Cancel August Recess and Stay in Session

Leave a Comment / News Bytes, Politics, Regulation /

While Republican House Speaker Mike Johnson made the controversial move to shut down the House early to prevent Congress from grilling Jeffrey Epstein’s former partner and convicted sex trafficker, Ghislaine Maxwell, Wyoming Senator Cynthia Lummis, the so-called “Crypto Queen,” published a press release on Tuesday afternoon imploring the Senate to remain in session for the

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PNC Partners with Coinbase to Offer Crypto Access to Clients

PNC Partners with Coinbase to Offer Crypto Access to Clients

Leave a Comment / Bank, Coinbase, Cryptocurrency, News Bytes /

PNC Bank has formed a strategic partnership with cryptocurrency exchange Coinbase to expand digital asset services for its clients. The collaboration will leverage Coinbase’s institutional-grade Crypto-as-a-Service platform to enable PNC’s banking clients and institutional investors to buy, hold and sell cryptocurrencies securely through PNC’s systems. PNC will also provide select banking services to Coinbase as

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JPMorgan Reportedly Explores Lending Against Clients’ Cryptocurrency Holdings

JPMorgan Reportedly Explores Lending Against Clients’ Cryptocurrency Holdings

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JPMorgan Chase is reportedly exploring the possibility of lending against clients’ cryptocurrency holdings, marking a significant shift in the bank’s stance on digital assets, according to the FT. This potential policy change comes as the largest U.S. banks increasingly embrace cryptocurrencies, despite CEO Jamie Dimon’s previous criticisms of bitcoin, which he once labeled a “fraud.”

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Arthur Hayes: BOJ’s Subtle Shift Could Explode Bitcoin Price

Arthur Hayes: BOJ’s Subtle Shift Could Explode Bitcoin Price

Leave a Comment / Bitcoin (BTC), Japan, News Bytes, News Bytes - 2 /

As a discreet financial maneuver takes shape in Japan, Arthur Hayes says this subtle central bank shift could be the catalyst behind bitcoin’s next explosive surge. On July 19, Hayes highlighted reports that the Bank of Japan (BOJ) is stepping in to supply U.S. dollars against pooled collateral starting July 17, calling the move a

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Peter Schiff Says Sell Ether and Buy Bitcoin

Peter Schiff Says Sell Ether and Buy Bitcoin

Leave a Comment / Bitcoin (BTC), News Bytes, Peter Schiff /

Infamous bitcoin sceptic and proud gold bug Peter Schiff posted a curious message to his 1.1 million X followers on Monday afternoon, urging them to sell ether ( ETH) and use the proceeds to buy bitcoin ( BTC). Schiff, who once compared the dominant cryptocurrency to the bulbs of the Dutch Republic’s 1634 “tulip mania,”

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Polymarket to Re-Enter US Market After Acquiring Regulated Exchange QCX

Polymarket to Re-Enter US Market After Acquiring Regulated Exchange QCX

Leave a Comment / News Bytes, Polymarket, Prediction markets /

Crypto-betting platform Polymarket is set to return to the U.S. market after federal regulators closed investigations and it struck a deal to acquire derivatives exchange QCX. The Justice Department and Commodity Futures Trading Commission (CFTC) formally notified Polymarket this month that probes examining whether it improperly allowed U.S.-based traders post-2022 settlement were closed. To gain

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Strategy Adds 6,220 BTC to Its Hoard, Now Controls 3% of All Bitcoin in Circulation

Strategy Adds 6,220 BTC to Its Hoard, Now Controls 3% of All Bitcoin in Circulation

Leave a Comment / Bitcoin (BTC), michael saylor, News Bytes, Strategy /

After hinting at another bitcoin buy on Sunday, Michael Saylor followed through Monday with a big reveal: Strategy snapped up 6,220 BTC for a cool $739.8 million. Saylor and Strategy just boosted their already hefty bitcoin (BTC) reserves with a fresh batch this week. On Sunday, the Strategy founder teased a new purchase while the

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Coinsilium’s Bitcoin Treasury Company Forza Gibraltar Reaches 112 BTC With Latest Purchase

Coinsilium’s Bitcoin Treasury Company Forza Gibraltar Reaches 112 BTC With Latest Purchase

Leave a Comment / News Bytes, News Bytes - 5, United Kingdom UK /

Coinsilium Group Limited has announced that its wholly owned subsidiary, Forza Gibraltar Limited, has increased its bitcoin holdings to 112.0009 BTC following a recent acquisition of 10.2489 BTC at an average purchase price of £89,765.73 ($120,826.51) per bitcoin, totaling approximately £920,000 ($1,238,000). This brings the aggregate average purchase price of Forza’s bitcoin holdings to £81,710.15

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