US Regulators Have Imposed $2.5 Billion Penalties on Crypto Firms and Individuals

A new report shows that U.S. regulators have imposed fines and penalties totaling $2.5 billion on crypto firms and individuals so far. The U.S. Securities and Exchange Commission (SEC) has imposed the most fines, followed by the Commodity Futures Trading Commission (CFTC). Meanwhile, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) is the latest government agency to come after crypto firms. $2.5 Billion in Fines and Penalties Blockchain analytics firm Elliptic released a report Monday outlining “crypto enforcement actions by U.S. regulators.” The report explains: “Contrary to the widely-held…

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Andreessen Horowitz Says Crypto Is ‘the Future of Finance’ — Launches $2.2 Billion Crypto Venture Fund

Andreessen Horowitz, the Silicon Valley venture capital firm founded by Marc Andreessen and Ben Horowitz, has announced the launch of a $2.2 billion crypto fund. The firm is “radically optimistic about crypto’s potential to restore trust and enable new kinds of governance.” Andreessen Horowitz Launches $2.2 Billion Crypto Fund Andreessen Horowitz announced the launch of a new $2.2 billion crypto venture fund Thursday. The Silicon Valley venture capital firm, also known as “a16z,” was founded by Marc Andreessen and Ben Horowitz in 2009. Chris Dixon, Katie Haun, and Ali Yahya,…

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Sushi to Launch Full Product Suite on Harmony

Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation. Meanwhile, decentralized exchange (dex) competition continues to swell. Partnership Expansion Accompanies $4 Million in Incentive Campaigns On Thursday, Harmony, a proof-of-stake (PoS) blockchain network focused on cross-chain transactability, unveiled a decision to broaden the partnership agreement with Sushi, a community-driven defi platform offering a full stack of decentralized finance services. After…

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Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency

On June 24, the CEO of Far Peak Acquisition Corp. and former New York Stock Exchange (NYSE) president, Thomas Farley discussed the future of bitcoin and gold on the CNBC broadcast Squawk Box. Farley is optimistic about the leading crypto asset but he doesn’t believe it will surpass gold’s $10 trillion market capitalization unless it’s “an accepted form of currency.” Far Peak CEO Says Bitcoin Will Go Up, But May Not Beat Gold Thomas Farley spoke about bitcoin (BTC) on Wednesday following the digital asset’s rebound from the $28,600 low…

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Chainlink and OVR Collaborate on a $65k Prize Distribution

After OVR announced its integration with Chainlink on June 10th, now the team is proud to explain all the rules of OVR prize distribution powered by Chainlink Verifiable Random Function. In fact, OVR decided to collaborate with Chainlink VRF to determine the winner of its $15k OVR token prize extraction reserved to treasure hunters and to participate in its wider $50k OVR token prize extraction for OVRLand buyers. The extraction process will be done through a public and deterministic algorithm. So, OVR will run 2 main competitions, one for treasure…

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Cathie Wood Bought the Dip: Ark Invest Purchases One Million GBTC Shares

Cathie Wood, the founder of Ark Invest, bought the dip this Tuesday when Bitcoin prices tumbled below $30K. According to reports, Ark acquired more than one million shares of the Grayscale Bitcoin Fund. The company also bought more Coinbase shares. Wood has a positive stance on crypto and keeps predicting Bitcoin will reach a long-term price of $500K. Ark Invest Purchases One Million Shares Dips are for buying: that’s the popular saying in bull markets. And Cathie Wood, founder and CEO of Ark Invest did just that. According to reports,…

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DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto Knowledge

The U.S. Department of Justice (DOJ) is seeking a trial attorney to help with the federal executive agency’s Digital Currency Initiative. The DOJ posted a job listing on the justice.gov web portal and the hired individual is expected to serve as an “expert on digital currency and blockchain technologies for the criminal division.” DOJ’s Money Laundering and Asset Recovery Section Needs a Digital Currency Trial Attorney The DOJ’s criminal division aims to hire an experienced and permanent attorney to work at the Money Laundering and Asset Recovery Section (MLARS) located…

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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices

While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products and Low Prices per Hash Ever since the crackdown in Sichuan, the number of miners fleeing mainland China seems to have increased a great deal. Bitcoin’s overall hashrate has dropped below 100 exahash per second…

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Q2’s Banking Platform to Enable Over 18 Million Users to Buy, Sell, Hold Bitcoin

Q2’s digital banking platform, which currently powers nearly 30% of the top 100 banks in the U.S., will allow more than 18.3 million registered users to buy, sell, and hold bitcoin. Q2 Holdings Inc. (NYSE:QTWO) provides digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies globally. According to the company, the Q2 digital banking platform currently powers nearly 30% of the top 100 banks in the U.S. Q2 announced Wednesday that it will collaborate with New York Digital Investment Group (NYDIG) “to offer integrated bitcoin…

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ExzoCoin Will Make Cryptocurrencies Accessible to Anyone, Anywhere, and at Anytime

ExzoCoin is a blockchain project promising to make cryptocurrencies easily accessible to everyone. Among the services being developed by the ExzoCoin team are a decentralized exchange, a launchpad and a solution for the healthcare sector. ExzoCoin Will Bring Back Trust to Crypto ExzoCoin is developing a number of innovative tools to achieve its mission of making cryptocurrencies accessible to anyone, anywhere, and at anytime. The ecosystem will be powered by the EXZO utility token – a voucher and a loyalty reward system that enables individuals to gain access to the…

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