Monday August 12, 2024

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Your Weekly Update On All Things Crypto

TL;DR

MACRO NEWS

Crypto Community Celebrates As Ripple Triumphs Over SEC...


Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding a nearly four-year legal struggle with the U.S. Securities And Exchange Commission (SEC). 


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Bitcoin Maintains $60K Threshold As Its Dominance Rises To Three Year High...


The price of Bitcoin (BTC) stalled just below $63,000 but has managed to maintain the $60,000 mark after a swift drop. Altcoins have been relatively slow on a daily basis, with XRP, ETH, and SOL showing declines, while TON has increased by over 4%.


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Critical Solana Vulnerability Gets Quietly Patched...



This week, Solana developers discreetly addressed and resolved a major vulnerability with little public attention.


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Russia Legalizes Crypto Mining As BRICS Continues To Gain Momentum...




Russian President Vladimir Putin has sanctioned legislation aimed at reducing dependence on the US dollar in international trade. 


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Starknet CEO Resigns As James Strudwick Officially Takes The Role...


Diego Olivia, the CEO for The Starknet Foundation (SNF), will officially be leaving the company after leading it since its launch in March 2023. Under Diego, The Starknet Foundation grew rapidly, expanding to thirty full-time professionals in a year.


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Immutable Will Be Shutting Down Its NFT Marketplace...



Immutable, a blockchain company focused on gaming and non-fungible tokens (NFTs), has announced it will be discontinuing its NFT marketplace to concentrate on broadening its ecosystem through new partnerships.


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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising July 30 - August 5...



It has been an incredible week for companies around the globe in terms of securing funding to fuel their growth and innovation. Here are some of the latest investment highlights between July 30 - August 5.

  

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CONTENT OF THE WEEK

Crypto News: Crypto CRASH, BTC Price, Recession, ETH, Tether & MORE!

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How Japan Broke Bitcoin and Stocks!

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Bitcoin bounces back above $60,000 as cryptocurrency’s rise continues to end week: CNBC Crypto World

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.