BitRiver founder charged in Russia over alleged $8M fraud

Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska. Source link

Chinese newspaper warns of Bitcoin extortion scam using its name

China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. Source link

AAA Launches Web3 Panel for Crypto Disputes

The American Arbitration Association (AAA), one of the world’s largest providers of private dispute-resolution services, has launched a specialist panel for blockchain and digital-asset cases, giving companies access to arbitrators with expertise in the technical and legal complexities of crypto disputes. On Wednesday, the AAA said that its new Web3 Panel brings together arbitrators with…

Rollercoaster bitcoin, ether price action leads to $286 million liquidations

Major cryptocurrencies are unchanged over 24 hours. But masking the calm are erratic back-and-forth price swings around the Fed meeting that flushed out leveraged futures bets, triggering heavy liquidations. About $286 million in positions were liquidated across 87,294 traders in 24 hours, according to CoinGlass. Longs accounted for $186 million of the damage and shorts…

South Korea report proposes stablecoin rules before crypto law

Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act. Source link

US Sanctions Iran-Linked HormuzSafe, Cites Bitcoin Payments

The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western sanctions.  On Wednesday, the Treasury’s Office of Foreign Assets Control (OFAC) said that Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority…

Luno Cuts 20% of Staff as Crypto Layoffs Widen in July

Crypto exchange Luno is reportedly cutting about 20% of its global workforce as it restructures operations and shifts more resources toward institutional clients, financial infrastructure and business-to-business services.  According to a Bloomberg report on Tuesday, Luno CEO James Lanigan said the company had invested in automation and broader operational improvements that changed the resources needed…

Ethereum Foundation adds SEAL 911 co-founder to board as privacy focus grows

Pascal Caversaccio joins the Ethereum Foundation’s four-member board as the organization elevates privacy and security in its protocol strategy. Source link

Tennessee County Passes Another Ban on Crypto Operations

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Bitcoin Traders Wait For Volatility As FOMC Meeting Divides Markets

Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks. Key points: Bitcoin constricts near $64,000 as traders contend with multiple macro headwinds. Downside in Asian stocks continues to spill over into US markets. The US Federal Reserve prepares to release its next interest-rate decision, a potential risk-asset volatility catalyst….