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    Crypto.com petitions US court to uphold arbitration decision for mistakenly sent $50K

    According to the July 6 court filing, Crypto.com “erroneously deposited” $50,000 into James Deutero McJunkins’ account in June 2022, despite the user seemingly not earning the funds through trades or other activity. He immediately transferred the funds into an external bank account out of reach of Crypto.com’s authority and ignored repeated requests to return the money.Continue Reading on Coin Telegraph More

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    Robert F. Kennedy Jr. owns up to $250k in bitcoin, financial records show

    Kennedy, who is running as a Democratic candidate for president of the United States, has been a vocal supporter of cryptocurrency and blockchain technology and has gone as far as accepting campaign donations in bitcoin (BTC). The 69-year-old politician and environmental lawyer has publicly stated that despite his positive sentiment toward blockchain, he is “not an investor” in the crypto market.However, his claims appear to contradict the information from a financial disclosure report he filed on June 30.According to the filing, RFK Jr. owns between $100,000 to $250,000 of bitcoin in a brokerage account.The report did not specify when it was purchased or how much was initially spent on the original investment.Kennedy has been a protagonist in adopting bitcoin (BTC) in the country; he’s been clear about his support for the cryptocurrency. In an interview with the New York Post in June 2023, he said that should he become president in 2024, his administration will set up policies to “support bitcoin and the freedom for people to manage their own wallets and nodes.As the race for the 2024 US presidential elections heats up, cryptocurrency and blockchain technology have become an increasingly popular topic among stakeholders, and it remains to be seen how the market will react to the twists and turns that are guaranteed to play out, leading to the most anticipated presidential election in recent times.Hours after CNBC published an article about the filing, the Kennedy campaign reached out to the publication and said that the crypto investment belongs to RFK Jr’s wife, and the presidential candidate is “not involved in her investment decisions.”This article was originally published on Crypto.news More

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    BIS develops framework against CBDC cyberattacks

    In its report, the BIS said security frameworks should safeguard the confidentiality, integrity and availability of CBDC transactions. By design, CBDCs must be able to dynamically scale to respond to a sudden surge in transaction volumes, have no single points of failure, operate 24/7 without outages and function even if their underlying financial institution experiences an outage. Moreover:Continue Reading on Coin Telegraph More

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    How the spot Bitcoin ETF filings affected the crypto industry in June: Report

    For those keen to gain a deeper understanding of the crypto space’s various sectors and their fundamental trends, Cointelegraph Research publishes its monthly “Investor Insights Report,” which dives into venture capital, derivatives, decentralized finance (DeFi), regulation and much more. This month, Cointelegraph Research examined how various sectors reacted to the bullish news surrounding BlackRock’s ETF filing with the U.S. Securities and Exchange Commission.Continue Reading on Coin Telegraph More