Author: American Coins & Gold

Crypto PAC Fairshake Claims Another Win Against Elizabeth Warren Ally With Bush Loss
The Missouri primary defeat of Rep. Cori Bush marks the latest example of the industry’s millions opposing candidates favored by Warren, with whom the sector is waging open warfare.

DePIN Data Verification: A Challenge With no Silver Bullets
If the DePIN’s whole product is data, then spoofing makes its datasets less valuable. Here’s how to address false data, according to Leonard Dorlöchter, co-founder of peaq.

Ethereum Entities Largely Complied With Tornado Cash Sanctions, NY Fed Paper Says
The Federal Reserve Bank of New York published a report Wednesday morning assessing the effect sanctions had on Tornado Cash.

UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October
The FCA’s actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator’s director of consumer investments, said in an interview.

CoinDesk 20 Performance Update: SOL Leads with 3.9% Gain as Index Rebounds
Twelve assets in the CoinDesk 20 are trading higher, with SOL up 3.9% and BCH up 2.2%.

Long-Dormant Wallets Tied to B PlusToken China Ponzi Moves 2.8K Ether
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others.

Grayscale Introduces Crypto Funds for Decentralized AI Project Bittensor's TAO and Layer-1 Network Sui's Token

First Mover Americas: BoJ Comments Offer Relief to Crypto
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

WiFi Provider Andrena Raises M to Offer Decentralized Broadband

Synthetix Founder Appears to Have Sent Portion of Company Funds to Beleaguered Ex-Treasurer: EmberCN
On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company’s treasury and donated $86k to SynthaMan, the company’s former treasurer that was liquidated during last week’s market plunge.