Bitcoin tanks, gold rebounds as Israel vows Iran 'will pay' for attack

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Bitcoin network hashrate reaches new all-time high The Bitcoin network hashrate—the sum total computing power securing the Bitcoin network—reached a new all-time high on Sept. 1, 2024, clocking in at over 742 exahashes per second (EH/s).

SEC charges fund adviser Galois Capital for FTX crypto custody According to a Sept. 3 announcement, the United States Securities and Exchange Commission (SEC) has charged fund adviser Galois Capital Management with failing to properly custody client assets, including holding investor funds with the now-defunct cryptocurrency exchange FTX.

FBI warns of North Korean ’social engineering’ schemes to steal crypto The United States Federal Bureau of Investigation (FBI) has issued a warning to employees at digital asset firms regarding the latest attempt by North Korea to steal crypto.

Coinbase CLO says he’s ‘encouraged’ by Harris campaign reaching out Paul Grewal, chief legal officer at cryptocurrency exchange Coinbase, said that despite the different approaches that major party candidates are taking in the United States 2024 presidential election, he was encouraged by the Democratic ticket.

Penpie protocol exploited, suffers $27M loss The Penpie protocol—an independent decentralized finance protocol built atop Pendle—suffered an exploit on Sept. 3, 2024, and was drained of $27 million in client funds at the time of this writing.

Bitcoin demand sharply declining since April — CryptoQuant Demand for Bitcoin has been in a downtrend since April, approaching negative levels over the past few weeks.

Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown The enforcement action taken by the United States Federal Reserve against the crypto-friendly Customers Bank has sparked speculation that Vice President Kamala Harris’ presidential campaign may not be genuine in its efforts to mend relations with the cryptocurrency industry.

Clintons privately urge donors to keep giving to Biden as long as he remains presumptive nominee: Former President Bill Clinton and former Secretary of State Hillary Clinton have been privately encouraging donors in recent weeks to continue financially supporting President Joe Biden’s campaign, according to two sources familiar, in the aftermath of Biden’s disastrous debate performance that has sent the Democratic Party spiraling into chaos.

Donald Trump vows to end Joe Biden’s ‘war on crypto’ Former United States President Donald Trump has promised to end President Joe Biden’s “war on crypto” if elected. “I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America; we’re going to keep it right here, and a lot of it is going to be done right here in Florida,” Trump said during a special address in West Palm Beach, Florida. The event was held on June 14, the day he turned 78 years old.

New law grants US president power to block digital asset access: A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users.