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Upbit to pause NEAR deposits for network upgrade

Upbit ensures uninterrupted NEAR trading while suspending deposit and withdrawal services amid a crucial network upgrade.

Soneium blockchain launched by Sony to attract Web3 developers

Sony Block Solutions Labs, a year-old joint venture between the Sony Group and Startale Labs, has introduced an Ethereum layer-2 blockchain to lure app developers across various sectors.

Decentralized naming could bring ‘next billion’ users to Bitcoin

Spaces Protocol founder Mike Carson argues that in light of the recent Squarespace DNS attack, domains should be decentralized and put on the blockchain.

Bitcoin avg. transaction fee rises 937.7% in 24 hours

Bitcoin transaction fees surged nearly 940% on Aug. 22, reflecting heightened network demand and pressure on users.

Crypto pyramid scheme leader extradited to China after global pursuit

As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.

Australian regulator claims win over Kraken’s Bit Trade in federal court 

A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. 

Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’

If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but some aren’t as pessimistic.

Crypto law firm loses appeal to force SEC’s hand on Ether classification

Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.

2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed

United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.

OmegaPro co-founder arrested over $4 billion crypto scam

Andreas Szakacs, the co-founder of OmegaPro was arrested in Turkey in relation to his alleged involvement in a multi-billion-dollar crypto scheme. 

ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research

Ethereum’s Dencun upgrade has "greatly improved” the economics of Ethereum rollups. However, Galaxy says it also brought more failed transactions.

SEC opposes Richard Heart’s bid to dismiss $1B securities lawsuit

The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US.

Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’

USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. 

Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal

The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.

FBI will use NFTs to contact victims of crypto fraud scheme Clucoin

The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pled guilty to using the funds to fund his online gambling habit. 

Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express

Malaysia gets out the steamroller as Bitcoin mining stolen electricity issue worsens, Korea’s new ‘exchange closure’ scam. Asia Express

Is it time for Avalanche (AVAX) price to turn bullish?

Avalanche price gained 16%+ in the last week, but are positive media headlines enough to sustain the AVAX rally?

Kamala Harris campaign may focus on highlighting innovation over crypto

Many in the industry don’t expect the Vice President to mention digital assets at the DNC, but her views on technology and regulation could signal a shift from Biden-era policies.

Bitcoin is holding $60K — Here’s why it’s important

Resilient US job and inflation data and steady spot Bitcoin ETF inflows aided Bitcoin’s rally above $60,000.

Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts

The “hung” loans have led to bankers calling it the worst buyout since 2008.

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