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SEC Drops Paxos Investigation: Major Win for Stablecoins
The Securities and Exchange Commission (SEC) has decided to conclude its investigation into Paxos, according to a report by Fortune. This decision comes more than a year after the commission issued a Wells notice to Paxos. Key points: SEC ends probe into Paxos without recommending enforcement action. Paxos expresses relief and anticipates accelerated enterprise partnerships.......
US Inflation Drops to 3%, Crypto Market Turns Green
The US economy has slightly recovered from the consistent grip of inflation in June. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 3%. Key points: CPI showed a 0.3% drop in June, defying economists’ expectations of 3.1%. Core CPI falls to 3.3%, lower than the expected 3.4%.......
Compound Finance Website Hijacked: Users Warned of Phishing Threat
The official website of Compound Finance, a leading lending protocol, has been compromised. The incident has prompted urgent warnings from both the project team and independent crypto sleuths. Key points: Compound Finance's official website (compound.finance) redirects to a phishing site. Users are strongly advised not to visit or interact with the website. The compound protocol......
Pro-Crypto Donald Trump Set to Speak at Bitcoin 2024 Conference
Former President Donald Trump has been announced as a keynote speaker at the upcoming Bitcoin 2024 conference. The announcement was made by the official X account of The Bitcoin Conference. Key points: Trump will speak at Bitcoin 2024 in Nashville, Tennessee, from July 25–27. The conference has moved from Miami to Nashville for its fourth......
BitMEX Pleads Guilty to AML Violations
BitMEX has admitted to failing to maintain its anti-money laundering (AML) protocols. The revelation was made by the United States Department of Justice in a recent press release. Key points: BitMEX pleads guilty to Bank Secrecy Act volation. The exchange operated without an adequate AML program from 2015 to 2020. U.S. authorities allege the platform......
🥛 Global crypto ownership: What nations are leading the way 🌎
Today’s edition is brought to you by Agoric - where you can build and deploy secure DeFi applications using the world’s most popular programming language, JavaScript. Orchestrate the DeFi future of your dreams.GM. This is Milk Road, serving crypto realness with zero calories and double the flavor.Here’s what we got for you today:✍️ Global crypto ownership✍️......
German Government Loses Bitcoin Billionaire Status: Offloads 73.2% of Seized BTC
The German government has been on a selling spree over the past few weeks. The back-to-back offloading has cost the government its "Bitcoin billionaire" status. Key Points: German government sold 2,000 BTC (worth approximately $117.3 million) in the past few hours. Remaining Bitcoin holdings stand at 13,360 BTC (valued at around $784.96 million) Total Bitcoin......
Elliptic Exposes Huione Guarantee: Uncovers $11 Billion Crypto Scam
Blockchain analytics firm Elliptic has exposed a crypto fraud ecosystem centered around Huione Guarantee. Huione Guarantee is an online marketplace based in Cambodia. Key findings: Huione Guarantee-linked wallets have processed over $11 billion in crypto transactions since 2021. The platform specializes in services for crypto scammers, including money laundering and fake crypto investment site creation.......
🥛 Is Solana setting up for a moon shot? 🚀
GM. This is Milk Road, the crypto newsletter as golden as an old-school MTV show.Here’s what we got for you today:✍️ Is Solana setting up for a moon shot?📊 Graph of the day: Bitcoin post halving ✍️ PRO “Where are we in the cycle?” indicators🎙️ The Milk Road Show: Have we hit the bottom and what’s......
DigitalX’s Bitcoin ETF Set to Make Australian Securities Exchange Debut
According to the latest details from a press release, DigitalX Limited is set to introduce spot Bitcoin Exchange Traded Funds (ETFs) on the Australian Securities Exchange (ASX). This ETF is set to debut under the ticker BTXX. The DigitalX spot Bitcoin ETF will begin trading on July 12, 2024, at 10:00 AM AEST. Key points:......
