Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next

The Bitcoin (BTC) price has plunged over 3% on Wednesday to back below $56,000, snuffing out the majority of what had looked like a promising rally since the start of the week.
The post Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next appeared first on Cryptonews. …

US Court Dismisses Lawsuit Against Atomic Wallet in $100 Million Hack Case

A federal judge in Colorado has dismissed a class-action lawsuit against Atomic Wallet over a $100 million hack due to insufficient grounds for jurisdiction, though the firm continues to face challenges as affected users explore additional legal options to recover lost funds.
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Crypto Industry is the Second Most Targeted for ID Scams in 2024: Report Shows

According to AU10TIX, 29% of global identity fraud attempts in Q2 2024 were aimed at crypto platforms, making it the second most targeted industry. Scammers leverage deepfake tools and impersonation bots, impacting the sector’s security and financial stability globally.
The post Crypto Industry is the Second Most Targeted for ID Scams in 2024: Report Shows appeared first on Cryptonews. …

UK Introduces Bill to Officially Recognize Cryptocurrency

The UK has introduced the Property (Digital Assets, etc) Bill to Parliament, which seeks to officially recognize cryptocurrencies, non-fungible tokens (NFTs), and other tokenized digital assets as personal property under English and Welsh law for the first time.
The post UK Introduces Bill to Officially Recognize Cryptocurrency appeared first on Cryptonews. …

Gemini Co-Founder Tyler Winklevoss Slams Elizabeth Warren’s Latest Email Campaign

Gemini co-founder Tyler Winklevoss has taken to X to express his dissatisfaction with anti-crypto Senator Elizabeth Warren’s (D-MA) latest “dishonest” email campaign. The veteran politician is vying for her senate seat once more in her race against newcomer pro-crypto attorney John Deaton.
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