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Democrats Launch ‘Crypto for Harris’ — White House Officials Address Industry Concerns

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Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s efforts to engage with the crypto sector. Additionally, the Democrats have launched a “Crypto for Harris” initiative to help Vice President Kamala Harris gain support from the cryptocurrency community. Biden-Harris … Read more

Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

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Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP … Read more

Michael Saylor Continues to Expand His $1 Billion Personal Bitcoin Holdings

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Microstrategy’s executive chairman, Michael Saylor, has revealed that he continues to add to his personal bitcoin holdings, which total at least 17,732 BTC. He disclosed this amount four years ago and has not sold any since, continuing to buy more. Saylor views bitcoin as an ideal investment for individuals, families, corporations, and countries. Meanwhile, Microstrategy … Read more

Fake Crypto Recovery Service Operator Arrested and Charged

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The Homeland Security Investigations New York has charged Michael Lauchlan for running a fraudulent cryptocurrency recovery service, Coin Dispute Network (CDN), that scammed customers out of their ethereum. Lauchlan convinced clients he could recover lost cryptocurrencies but pocketed the fees and took additional ethereum. He was arrested in Las Vegas. Fraudulent Cryptocurrency Recovery Business Operator … Read more

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’

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Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, … Read more

Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says

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Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry faces challenges requiring collaboration among key stakeholders to overcome. The report urges Saudi authorities to establish clear, comprehensive regulations … Read more

ZKX Shutdown: Amber Group Slams the Protocol’s Lack of Transparency

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Amber Group has criticized ZKX protocol’s abrupt decision to cease operations, stating that it sets a concerning precedent. Hashkey Capital, another market participant, has also expressed dissatisfaction with ZKX’s lack of transparency and accountability. ZKX founder Eduard Jubany Tur identified limited user engagement and low trading volumes as factors that ultimately impacted the protocol’s financial … Read more

US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support

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U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden administration’s tough stance on crypto assets. Meeting Arranged to Help Vice President Kamala Harris Mend … Read more

Abu Dhabi Unveils Blockchain Center to Drive Blockchain Innovation

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A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting industry leaders, has officially opened. Additionally, the blockchain center will incorporate a venture capital arm to support and invest in Web3 startups. Center to Serve as Platform for Launching Latest Blockchain Technology Apps A … Read more

Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto

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Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of currency” that is already “prominent” and “massive,” stating that “it’s going to end up benefiting the country.” Trump Advocates … Read more