Crypto needs to remove friction for the next billion users: Coinbase
Consumer apps could be another pathway toward mass crypto adoption, according to Coinbase’s senior director of engineering. Go to Source
Cryptocurrencies
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Crypto exploits near $1.4B this year as hackers target CeFi — report
According to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in the second quarter. Go to Source
US Republicans under Trump include crypto in official party platform
The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President. Go to Source
Former US solicitor general claims regulators want to ‘debank’ crypto
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve. Go to Source
UK crypto advocates call for consistent policy after Labour landslide
At least one industry leader suggested that crypto policy in the United Kingdom would be “business as usual” despite the change in government. Go to Source
Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business
The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products. Go to Source
Judge labels 2 obscure altcoins as commodities in $120M Ponzi case
An Illinois judge has sided with the Commodity Futures Trading Commission in a crypto fraud case, labelling two altcoins, OHM and KLIMA, as commodities. Go to Source
UK voters call for candidates to consider crypto as election looms
It’s unclear what a Labour Party government could mean for digital assets in the U.K., but according to one poll, many voters want politicians to consider the industry. Go to Source
Big Tech produced more carbon since 2019 than all Bitcoin mining ever
U.S. tech firms made huge commitments to “net zero” carbon emissions, but that was before ChatGPT hit the scene. Go to Source
Bitcoin traders say BTC’s trend change decision rests at $65K
Bitcoin’s trend change decision awaits at $65,000 where short-term traders breakeven and leveraged shorts risk a major washout. Go to Source
