🔍 Kamala Harris' VP Pick: Anti-Crypto Senator Gary Peters?

👀 Labor Unions Push for Michigan's Peters
Democratic frontrunner Kamala Harris is eyeing Michigan Senator Gary Peters as her running mate, with labor unions advocating for his selection. They believe it could bolster the ticket in the crucial battleground state.

🚫 Peters: A Vocal Critic of Cryptocurrencies
Senator Peters has a track record of opposing cryptocurrencies, co-sponsoring legislation against money laundering in digital assets. However, he has also supported easing regulations on crypto held by banks, sparking debates on innovation and underground activities.

🔒 Concerns Over Crypto and Cybercrime
Peters has expressed worries about the role of cryptocurrencies in cybercrime and ransomware attacks. His investigation aims to understand how digital currencies empower criminals and explore policy changes to protect critical systems.

💡 Harris' Stance on Crypto Still Unclear
While Harris hasn't revealed her stance on cryptocurrency, billionaire Mark Cuban suggests she might be more receptive. The industry eagerly awaits her position, especially given recent SEC enforcement actions under Chairman Gensler.

🌐 VP Shortlist: Balancing the Ticket
Harris is reportedly considering a mostly white, male shortlist for her running mate, including Pennsylvania Governor Josh Shapiro and Transportation Secretary Pete Buttigieg. The decision aims to attract a diverse range of voters.

🚀 Coinbase Rockets to $1.4B Revenue, Shares Soar 3%

💰 Cryptocurrency exchange Coinbase is on a winning streak, with its second-quarter earnings smashing expectations. The company reported a whopping $1.4 billion in revenue and a tidy $36 million in net income.

📈 This stellar performance sent shares skyrocketing by 3.23%, closing at $219.50 on Thursday.

💪 Coinbase's success isn't just a flash in the pan. The company's adjusted EBITDA hit an impressive $596 million, marking its sixth consecutive quarter of positive figures. Talk about resilience in the ever-changing crypto market!

🌈 But it's not all about transactions for Coinbase. The exchange is making strides in diversifying its revenue streams, with subscription and services bringing in nearly $600 million. Smart move for long-term sustainability.

💼 With a beefed-up balance sheet of $7.8 billion, Coinbase is flexing its financial muscles and showing it's ready to seize future opportunities, even in the face of crypto market volatility.

➡️ Regulatory clarity is music to Coinbase's ears, as it sees it as a catalyst for growth. The SEC's approval of Bitcoin and Ethereum ETFs has further legitimized the industry, giving businesses more confidence to dive into the crypto space.

🌐 Coinbase isn't just sitting back; it's actively pushing for better regulations, recognizing that this has become a mainstream issue that affects not only the company but also the wider adoption of cryptocurrencies.

📈 On the product front, Coinbase is firing on all cylinders. Its smart wallet Base saw transactions surge by an incredible 300% quarter-over-quarter, thanks to new partnerships, compliance measures, and improved trading features.

🔍 Australia Discovers 2,000+ Crypto Wallets Compromised in Global Operation

🚨 Crypto Scam Unveiled: Australian police, working hand in hand with Chainalysis, have unearthed a massive crypto scam. Their investigation revealed that over 2,000 digital wallets had fallen victim to this global fraud scheme.

🌐 Worldwide Fraud Network: This operation wasn't just about Australia; it aimed to dismantle a sophisticated criminal network that had already swindled unsuspecting victims worldwide out of a staggering $4 billion in cryptocurrency since 2021.

🔒 Protecting the Public: Aussie law enforcement isn't taking this lightly. They're not only on the hunt for those responsible but also working tirelessly to develop strategies that will help safeguard citizens from future phishing attacks and other crypto scams.

🟠 A Collaborative Stand: In June 2024, Australia took a proactive stance against crypto fraud by hosting a workshop with Chainalysis and other key players. The goal? To pool intelligence, enhance investigative capabilities, and create better support systems for victims.

💡 Staying Ahead of the Game: With more Aussies jumping on the crypto bandwagon than ever before, regulators are stepping up their game. Australia's financial watchdog has sounded the alarm on the rising risk of money laundering through digital currencies, urging vigilance in this booming market.

🔍 Brazilian Police Uncover Drug Gang-Linked Crypto Money Laundering Ring

💰 Sophisticated Scheme: PCC Gang's Crypto Exchange Front
In a groundbreaking operation, Sao Paulo Civil Police have exposed a crypto money laundering ring tied to the notorious First Capital Command (PCC) drug gang. Acting as a front, the gang cleverly disguised their illicit activities through a crypto brokerage turned exchange.

💸 Millions in Transactions: A Web of Dirty Money
Under the radar, this shady company facilitated an astonishing $88.6 million in financial transactions. Authorities also seized a staggering sum of $8.9 million in checks from their Sao Paulo headquarters, leaving no doubt about the scale of their operations.

🔴 A Daughter's Deception: The Cryptic Connection
Operating under the guise of a 23-year-old woman's name, this crypto company had ties to a candidate for city council in Mogi das Cruzes. It appears that this intricate web of crypto-linked laundering was aimed at funding agents involved in municipal elections.

🔒 Brazilian Police: No Stranger to Crypto Crime
This recent bust is just one chapter in Brazil's ongoing battle against crypto-related offenses. From tackling 'gunpoint crypto thieves' to cracking down on international money laundering networks worth over $417 million, Brazilian authorities are determined to keep the digital underworld at bay.

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🚀 Coinbase Fights Back: Challenging CFTC's Event Contracts Ban

💼 Coinbase's Chief Legal Officer, Paul Grewal, isn't backing down. In a bold move, he has publicly taken on the Commodity Futures Trading Commission (CFTC) over their proposed ban on event contracts.

📢 "Event markets are the future, and we're not staying silent," Grewal stated in a recent blog post. While supporting the CFTC's mission, he believes this ban is unnecessary and could stifle innovation.

🟠 The bone of contention? The CFTC's broad definition of gaming, which includes political bets. Grewal argues that this move is not only economically flawed but also goes against historical norms and could harm emerging markets.

🤝 Coinbase isn't alone in this fight. Just days ago, influential lawmakers like Senator Elizabeth Warren joined the chorus, urging the CFTC to put an end to event contracts tied to U.S. elections.

➡️ It's a battle for trust in our democratic process, as these lawmakers highlight concerns about financial interests influencing political decisions.

🚨 ASIC Strikes Back: ASX Faces Lawsuit Over Blockchain Blunder

🔍 ASX's False Start: In a shocking turn of events, Australia's corporate watchdog ASIC has taken legal action against stock market operator ASX, accusing it of misleading investors with its claims about the progress of the blockchain-based CHESS replacement project.

⏰ Promises Broken: The lawsuit alleges that ASX had assured the market that the project was on track in early 2022, only to backtrack just weeks later and admit to potential delays. Talk about a rollercoaster ride!

🔎 Accenture's Audit: To add fuel to the fire, an independent review by Accenture later revealed serious scalability issues with the blockchain tech behind the new system. This led to not just a delay but also a whopping $250 million write-off.

⤵️ Decades in the Making: Let's not forget that CHESS has been around since 1994, and ASX had been working on its replacement since 2015, finally embracing blockchain in 2017. But it seems like this ambitious endeavor hit more than a few roadblocks.

💔 Trust Takes a Hit: ASIC Chair Joe Longo minced no words, stating that ASX's misleading claims have dealt a blow to the very foundation of trust in our markets. When the exchange falls short, it's not just about dollars and cents; it's about confidence in our financial ecosystem.

🤝 ASX's Response: ASX CEO Helen Lofthouse didn't shy away from acknowledging the gravity of the situation. The exchange is taking ASIC's lawsuit seriously, pledging full cooperation and promising a thorough review of the allegations.

🌐 Malaysia Embraces Worldcoin's Iris Scan Technology: A Leap Forward in Digital Verification

👁‍🗨 A Clear Vision for Digital Identity
Malaysia has taken a bold step towards securing its digital future by officially adopting Worldcoin's cutting-edge iris scan technology. This move is not just about convenience; it's about bolstering the verification of digital credentials.

🤝 A Collaborative Effort for Progress
This landmark adoption is the result of a fruitful collaboration between the Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad. Together, they are paving the way for a more secure and streamlined digital landscape.

🇲🇾 Malaysia Leads the Way
By embracing Worldcoin's iris scan technology, Malaysia is positioning itself as one of the first countries to fully embrace this innovative solution. It's a testament to their commitment to staying ahead in the race for efficient digital verification.

🔒 Beyond Identity: A Holistic Approach
This partnership goes beyond mere identity verification. It encompasses plans for joint manufacturing of the state-of-the-art "Orb" device and integration with Malaysia's National Blockchain Infrastructure. It's a comprehensive approach to secure digital interactions.

🌱 Transparency and Innovation at the Core
The Memorandum of Understanding (MoU) highlights not only the practical benefits but also the ethos behind Worldcoin's technology. Its open-source nature ensures transparency and fosters innovation within Malaysia's thriving digital economy.

🚨 Ex-Kansas Banker's Crypto Scam: Millions Embezzled, Trust Shattered!

💼 Former CEO of Heartland Tri-State Bank, Shan Hanes, has been charged for a massive crypto fraud that left investors reeling.

🔒 Hanes pleaded guilty to embezzling tens of millions in crypto, causing the bank to collapse with a $9 million investor loss.

✅ The court didn't hold back, sentencing him to a staggering 24 years behind bars, sending a clear message against such breaches of trust.

🟢 Dubbed the "pig butchering" scheme, Hanes siphoned off a jaw-dropping $47.1 million through 11 wire transfers to unknown wallets.

📉 This case is just the tip of the iceberg as pig-butchering scams have been on the rise, warns INTERPOL's financial fraud assessment.

💸 Investment scams hit an all-time high with a 38% increase last year alone, netting these swindlers an eye-popping $75 billion!

🔍 The FBI and other agencies are doubling down on their efforts to tackle these digital fraudsters and bring them to justice.

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🔒 Australian Regulator Triumphs Over Bit Trade: A Blow to Kraken Operator

🚨 The Australian Securities and Investments Commission (ASIC) has emerged victorious in its legal battle against Bit Trade, the operator of popular crypto exchange Kraken. The court ruling found Bit Trade guilty of non-compliance with design and distribution obligations.

💡 Design Flaws Exposed: The Federal Court's decision came down hard on Bit Trade for its lack of a clear design when it came to margin trading. The absence of a target market determination for its "margin extension" product was deemed a breach of the country's Corporations Act.

🔍 ASIC's Watchful Eye: This legal triumph sends a clear message to the Australian crypto industry that ASIC is keeping a close watch on non-compliant players. Deputy Chair Sarah Court emphasized the need for regulatory compliance to safeguard consumers' interests.

⚡️ Upholding Consumer Protection: Financial products, including those in the crypto space, must be distributed appropriately. ASIC's actions aim to ensure that consumers are afforded the full protection of the law when engaging with crypto-asset products.

📉 Margin Trading Misstep: Bit Trade, an AUSTRAC-registered firm, found itself in hot water for offering margin extensions in both crypto and fiat currencies without specifying an appropriate target market. This led to ASIC filing a civil suit against the company.

💳 Crossing Regulatory Boundaries: The ASIC also highlighted that Bit Trade's product, by extending credit up to 5x the asset's value, was effectively operating as a credit facility, which violated regulations.

🚨 Apple Mac Users Beware: Cthulhu Stealer Strikes Crypto Wallets!

🔒 Cybersecurity firm Cado Security has issued a red alert for Apple Mac users, warning them about the menacing malware called "Cthulhu Stealer." This digital demon is on the prowl, aiming to snatch personal info and target those precious cryptocurrency wallets.

🍎 Despite its secure reputation, macOS isn't immune to threats. According to Cado Security's report, Mac users need to stay vigilant as malware targeting their system is on the rise.

➡️ The crafty Cthulhu Stealer disguises itself as legitimate software, donning the masks of trusted names like CleanMyMac or Adobe GenP. It tempts users with an Apple disk image (DMG), luring them into entering their password through macOS's command-line tool.

💰 But that's not all – this malware has a specific taste for Ethereum wallets like MetaMask, and it won't shy away from feasting on other popular crypto wallets such as Coinbase, Wasabi, Electrum, Atomic, Binance, and Blockchain Wallet.

📝 Once inside your digital domain, Cthulhu Stealer gets busy pilfering your data and even takes a snapshot of your system's fingerprints – IP address and OS version included. It's a one-stop-shop for cybercrime!

🔍 Tara Gould from Cado Security reveals that this nefarious newcomer shares some eerie similarities with another malicious monster called Atomic Stealer. It seems like the developer behind Cthulhu Stealer has taken inspiration from the dark arts of code modification.

💸 The plot thickens as reports suggest that this malware may be part of an exit scam drama. With affiliates renting it out for $500 per month on Telegram, recent payment disputes have led to the main scammers vanishing into the digital abyss.

🛡 Apple, the knight in shining armor, has taken notice. They've fortified their macOS with Gatekeeper updates, making it harder for users to unwittingly welcome these malicious creatures into their digital sanctuaries.

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✅ TON Blockchain Back Online Following Second Outage

💥 The TON blockchain network is up and running again, overcoming its second outage in just two days.

📢 The TON Community shared the update on its Telegram channel, assuring users that TON-based asset withdrawals and deposits would soon be back on track.

⏰ This latest disruption lasted over four hours, with the culprit being the "heavy load caused by DOGS token minting."

🔄 TON Suffers Two Outages in Two Days
Tuesday's outage was swiftly resolved, but it seems the DOGS token is a persistent source of trouble for the TON network.

📈 Despite these hiccups, Toncoin managed to climb 8% in value after the news broke, according to CoinDesk Indices. Still, it has yet to regain its pre-Durov arrest levels.

🤝 While Telegram and TON are legally separate entities, their close ties have attracted attention, especially since CEO Pavel Durov's recent legal troubles.

⚠️ DOGS Token Leads to TON Network Outage
The launch of the DOGS token brought about an unexpected consequence: congestion and subsequent network failure for TON.

🛡 This memecoin, inspired by Telegram's own Spotty mascot, garnered immense popularity almost overnight, causing a surge in on-chain activity that strained the network's capacity.

⚡️ Telegram's Crypto Holdings Soar to $400 Million, but Troubles Loom

💰 Telegram's financial statement for 2023 reveals a staggering $400 million in digital assets held by the messaging giant, showcasing its growing prominence in the crypto world.

📈 Despite boasting over five million premium users by mid-2024, Telegram faced a rocky financial landscape, with an operating loss of $108 million overshadowing its impressive revenue of $342.5 million.

⁉️ A remarkable 40% of Telegram's revenue stemmed from crypto-related endeavors, including an innovative "integrated wallet" and the sale of digital collectibles, highlighting the platform's adaptability to the evolving market.

🌍 With India leading the pack with 83.85 million downloads and the US securing third place with 29.92 million, Telegram's global reach remained robust in 2023, as per Statista data.

🔔 However, dark clouds gathered when CEO Pavel Durov's arrest on serious charges sent shockwaves through the industry, impacting not only Telegram but also its native cryptocurrency TON.

📉 TON experienced a tumultuous ride, witnessing a sharp decline of over 21%, with its price plunging from $6.70 to $5.30 within a week after Durov's arrest.

💼 As Telegram navigates these turbulent waters, it remains to be seen how this tech titan will weather the storm and steer its course in the ever-changing crypto landscape.

🚨 Government Agency Director Caught Red-Handed: Crypto Mining at Work!

➡️ In a shocking turn of events, a South Korean government-affiliated food agency finds itself embroiled in a scandal as one of its own employees is accused of running a crypto mining server during office hours.

🔍 During an audit by the National Research Council of Science and Technology (NST), the employee's illicit activities were exposed, leaving the agency in disbelief.

💻 Not only did this "director" take advantage of their position, but they also allegedly stole 12 GPUs from the institute to assemble their unauthorized mining rig.

👑 With these "borrowed" resources, the director boldly ventured into the world of cryptocurrency mining, setting up shop in a secluded warehouse where prying eyes couldn't see.

🔕 To ensure smooth operations, the audacious miner even went as far as using the institute's funds to purchase additional equipment and create a separate power supply for their secret venture.

🟢 The NST wasted no time and promptly handed over the case to local authorities, who have now charged the director with theft and breach of trust.

➡️ It seems that this crypto enthusiast was not content with just bending the rules; they also found ways to bypass the institute's security measures, using VPNs and even impersonating colleagues to expand their mining capabilities.

💰 While exact figures are still being calculated, preliminary estimates suggest that this rogue operation may have caused damages worth nearly 7.86 million won ($5,866).

🌟 Ripple Co-Founder Chris Larsen Joins Forces with Kamala Harris for President!

🤝 In a powerful show of support, Chris Larsen and an impressive lineup of 88 corporate leaders have penned their names on a letter endorsing Kamala Harris as the ideal candidate for the 2024 U.S. presidential race.

⚡️ The endorsement boasts a star-studded cast, including the likes of Magic Johnson, Dustin Moskovitz, and Mark Cuban, all recognizing Harris as the beacon of hope for our democracy and economy.

💼 These influential figures believe that electing Harris will ensure a future of fair policies, rule of law, and a thriving business environment. They see her as a trailblazer, not just following party lines but shaping them herself.

📊 While Harris enjoys a slight lead over Republican nominee Donald Trump in national polls, the decentralized prediction site Polymarket tells a different story. Trump holds a narrow advantage there, promising to make the U.S. "the crypto capital of the planet."

🟢 As the blockchain industry ponders its choice, it remains to be seen whether Harris can win over these undecided voters. One thing is certain: this endorsement has put her campaign in the spotlight and given it an extra boost!

🚀 Swiss Crypto Bank Amina Targets Austrian VASP License, Eyes European Expansion

💼 CEO Franz Bergmüller of Amina, the Swiss crypto bank formerly known as SEBA, has set its sights on a VASP license from the Austrian Financial Market Authority. This move is part of the bank's strategic plan to expand its operations into Europe.

➡️ Amina is already on the path to profitability, but Bergmüller emphasized that growth takes precedence for now. The bank's success in Switzerland has paved the way for this ambitious expansion.

🌍 With the recent implementation of the EU's MiCA regulation, which aims to bring clarity and standardization to the crypto industry, Amina's license pursuit aligns perfectly with the changing regulatory landscape.

💰 Notably, Amina's CEO highlighted a rising demand for crypto-backed loans and expressed a commitment to serving all players in the crypto ecosystem, from miners to foundations and funds.

📈 Despite market volatility, Amina's clients are resolute in their long-term investment strategies. As Bergmüller put it, "They know the cycles and have weathered several crypto winters. This gives them the necessary composure."