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Crypto losses to deep fakes could reach $25B in 2024 — Bitget

Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022.

CoinStats hack caused by ‘socially engineered’ employee, CEO suspects

CoinStats reveals an employee-targeted social engineering attack behind the hack affecting 1.3% of wallets.

Nigerian blockchain group calls for fair resolution in Binance case

BICCoN believes that a balanced approach can help resolve the current challenges and empower Nigeria to create a supportive environment in which the blockchain industry can thrive.

South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report

Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi.

Vanuatu expects to pass long-awaited crypto bill in September

A Vanuatu policy consultant tells Cointelegraph the bill had been ready for a few years but had been delayed due to several cabinet changes.

Toys ‘R’ Us AI-generated ad torn apart by critics

The AI-generated ad whipped up backlash from viewers who described it as a “weird dream” and “baffling.”

State Street teams up with Galaxy, eyeing new ETFs beyond Bitcoin

State Street believes the “next level of growth” will come from investment options offering more than “pure spot” Bitcoin.

Blast token rallies 40% after $2B airdrop debut

The native token of the Ethereum layer-2 Blast has rallied following an airdrop in which 17% of the supply was sent to eligible users.

Crypto scammers hijack major Australian news broadcaster’s YouTube

Australian broadcaster 7News’ YouTube channel livestreamed a crypto-touting deep fake Elon Musk, which garnered hundreds of thousands of views.

North Carolina’s CBDC ban bill heads to governor’s desk

North Carolina Governor Roy Cooper will now either sign or veto the law that bars the state’s government from accepting a Federal Reserve CBDC, potentially joining Louisiana.

Marathon Digital mines $16M in Kaspa to diversify from Bitcoin

Marathon is looking to “capitalize on higher margins” possible with Kaspa mining — but one executive stressed the firm is in no way “pivoting” from its main focus, Bitcoin.

Japanese village turns to NFTs to help older adults

According to Yuri Group, the Yamakoshi village’s experimental NFT strategy could attract attention from other nations facing declining birth rates.

Abra, CEO Barhydt settle with 25 US states over licensing violations

Other states can join in the settlement, which will see up to $82.1 million returned to customers.

Will Bitcoin bulls or bears benefit from this week’s $9.25B BTC options expiry?

The Bitcoin halving hype has long passed, and this month’s massive options expiry provides insight into the future of the current BTC bull market.

Ethereum spot ETFs could attract $15B by end of 2025 — Bitwise CIO

The launch of spot Ethereum ETFs could trigger massive capital inflows into the market, according to Bitwise CIO Matt Hougan.

U.S. government sends 3,940 Bitcoin to Coinbase exchange

Data from Arkham Intelligence indicates the Bitcoin was seized from Banmeet Singh, a convicted drug dealer, during his January 2024 trial.

Only Donald Trump can save crypto from Joe Biden

Joe Biden’s administration has done everything possible to destroy the crypto industry. That gives crypto advocates just one choice in the 2024 election.

US State Dept offers $5M reward for OneCoin ’Cryptoqueen’

Bulgaria’s Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder.

Bitcoin price wobbles at $61K as US gov sends 4K BTC to Coinbase

Bitcoin attempts to digest news that the U.S. government has joined Germany in selling off a portion of its BTC holdings.

Marc Cuban wallet dumps NFTs, market volume drops 45%: Nifty Newsletter

Marc Cuban has offloaded some NFTs, while overall NFT sales volume dropped by 45% in Q2.

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