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    DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s crypto trading: Hodler’s Digest, July 30 – Aug. 5

    The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers. According to people familiar with the matter, Justice Department officials are concerned about an indictment against Binance causing a run similar to what happened with FTX in November 2022. The officials are considering fines or non-prosecution agreements for Binance rather than criminal charges in an effort to reduce the harm to consumers. Binance has been targeted by a criminal probe in the U.S. for allegedly violating the countrys sanctions on Russia and has also faced lawsuits from U.S. regulators.Continue Reading on Coin Telegraph More

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    Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator

    Backed by Binance Labs, Velvet Capital offers an infrastructure for digital asset management to be done fully on-chain and eliminates/minimizes the barriers to entry for emerging fund managers, allowing people from all expertise levels to create and manage on-chain funds and structured products with minimal effort.Continue Reading on Coin Telegraph More

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    BTC Expert Edward Snowden to Speak at Bitcoin Amsterdam Conference This Year

    Aside from being a whistleblower, Snowden is a well-known Bitcoin supporter and expert. Recently, Snowden has been bullish on Bitcoin. In February this year, he shared a tweet about the intention of the central bank of Lebanon to devalue the local fiat currency and commented that “Bitcoin fixes this.”In December 2022, when Elon Musk announced he would step down from the role of Twitter chief executive and was looking for a candidate to take it over from him, Snowden tweeted that he would gladly take up that position if offered. He also agreed to .Ethereum front man and co-founder on this intention of Musk. He stated that this is an extremely important decision and it may have very negative consequences should Musk pick the wrong person. Rumors had it that Jack Dorser, Twitter co-founder and its former CEO would be reinstated as the head of the platform.However, Musk found another candidate for this role and hired Linda Yaccarino, who worked as head of advertising at NBCUniversal prior to that.This article was originally published on U.Today More

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    No crypto plans for X: Elon Musk debunks scam token claims

    In response to a post by DogeDesigner, Musk addressed the issue of scam tokens like X (X) and TwitterDAO (TWITTER) falsely claiming connections to the social media platform. DogeDesigner had cautioned the crypto community about being cautious with articles related to scam tokens and clarified that neither Musk nor X had ever launched a crypto token. In his reply, Musk asserted, “And we never will.“Continue Reading on Coin Telegraph More