JUST IN: According to a report by Morgan Stanley, the Ethereum transition to proof-of-stake will not solve scaling problems.

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JUST IN: Tether CTO says there have been coordinated attacks by traditional hedge funds trying to short $USDT.

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JUST IN: 🇺🇸 US SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he is prepared to call a commodity.

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JUST IN: Shiba Inu $SHIB has flipped $DAI to become the 12 largest cryptocurrency in the world by market value.

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JUST IN: Goldman Sachs lowers it's price target and downgrades Coinbase $COIN shares from neutral to sell.

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JUST IN: Meta (Facebook) has launched a metaverse dedicated wallet, Meta Pay.

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JUST IN: Voyager Digital has issued a default notice to 3AC for failure to repay a loan of 15,250 BTC and $350 million $USDC.

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JUST IN: 🇨🇳 Chinese tech giant, Tencent, forms a dedicated team to advance metaverse development.

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JUST IN: 🇷🇺 Russia has defaulted on its foreign debt for the first time since 1918.

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JUST IN: Renowned hack group 'Anonymous' announces they are targeting Terra Founder Do Kwon to bring "justice as soon as possible."

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FUN FACT: Bitcoin still has a larger market cap than Bank of America.

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JUST IN: 🇺🇸 US SEC Chair Gary Gensler is reportedly proposing a 'single rule book' approach to regulate all cryptocurrency trading.

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JUST IN: The total value in the Ethereum 2.0 Deposit Contract has reached 12,960,117 $ETH ($15.7 billion).

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FUN FACT: 33% of Latin American consumers have used stablecoins for everyday purchases, Mastercard survey reveals.

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JUST IN: Harmony Protocol is offering a $1M bounty for the return of Horizon bridge funds and information on the exploit.

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JUST IN: 🇷🇺 Russia's central bank plans to develop a roadmap for the introduction of the digital ruble by Q4 2023.

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JUST IN: Morgan Creek Digital is reportedly raising $250 million to purchase a majority stake in crypto lender BlockFi.

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JUST IN: 🇷🇺 Russian authorities are investigating the theft of $1.9 million worth of crypto mining hardware from a hosting facility.

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FUN FACT: 10 years ago today Bitcoin was $9.57

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JUST IN: According to JPMorgan, Bitcoin selling by miners could continue into Q3 in order to meet costs if their profitability fails to improve.

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