Blockchain Association, DeFi Education Fund warn that SEC’s consolidated audit trail poses privacy concerns. The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Friday! Today, we look at Bitcoin spiking following the Fed Chair's comments, two crypto organizations pointing out...

The Daily: Bitcoin spikes following Fed Chair comments, crypto groups warn of privacy concerns, Kraken denied SEC case dismissal and more

Kraken is a major cryptocurrency exchange founded in San Francisco in 2011 and launched in 2013. It was founded by Jesse Powell, Thanh Luu and Michael Gronager, and emerged from Powell’s observations of Mt. Gox’s vulnerabilities and his desire to create a more secure and reliable cryptocurrency exchange.

What is Kraken?

The U.S. Securities and Exchange Commission has secured a significant victory against cryptocurrency exchange Kraken. Judge William Orrick has denied the exchange's attempt to dismiss the regulator lawsuit. Last July, Judge Analisa Torres delivered a win for enterprise blockchain company Ripple by recognizing the secondary sales of the XRP token...

SEC Scores Massive Victory Against Kraken

Australia’s federal court has ruled in favor of the country’s financial regulator, ASIC, against Bit Trade, the operator of Kraken’s crypto exchange in Australia. The court found that Bit Trade failed to comply with design and distribution obligations and acted as a credit facility without a license.

Australian regulator claims win over Kraken’s Bit Trade in federal court

U.S. crypto exchange Kraken has failed to dismiss the case against it brought by the Securities and Exchange Commission. The SEC argues the exchange operated as an unregistered securities exchange, broker-dealer and clearing agency in addition to mishandling customer information and funds. U.S. crypto exchange Kraken has failed to dismiss...

Crypto exchange Kraken’s motion to dismiss US SEC case denied

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NewsNinja

‘Any meat items my dogs refuse to eat, I no longer eat.’ It’s said that animals have a “sixth sense,” which affords them an insight human beings cannot match. There are clips of security camera earthquake footage where pets can be seen wigging out seconds before tremors begin.

‘It ain’t food anymore.’: Dairy Queen customer warns against chicken after his dog refuses to eat it

Arizona State

NewsNation

Former President Donald Trump was whisked away from a NewsNation interview when he was told that things were not safe.

‘We’re in danger here’: Trump whisked away from NewsNation interview

The bitcoin price broke above the $61,000 mark after Fed Chair Jerome Powell’s dovish announcement at the Jackson Hole symposium. U.S. equities saw gains in early trading on Friday, with the S&P 500 and Nasdaq up 1.2% and 1.8% respectively. Bitcoin. surged past $61,000 after Fed Chair Jerome Powell...

Bitcoin spikes up as Fed says 'time for policy adjustment' at Jackson Hole

Amid the memecoin frenzy on the Tron network, Justin Sun is facing backlash for the controversial removal of over $700 million in Bitcoin (BTC) as USDD’s collateral without the Tron DAO Reserve’s vote. Sun has now addressed the situation after the move raised concerns about the stablecoin’s decentralization.

Tron Founder Justin Sun Addresses Controversy After Bitcoin Removal From USDD’s Collateral

Melbourne, FL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Akeena

A Burger King location in Melbourne, Florida, has been temporarily shut down for the third time following since 2023 after a recent state inspection that identified multiple health violations. This incident underscores ongoing concerns regarding the restaurant's adherence to health and safety standards.

A dead lizard, dead roaches, rodent droppings - Florida fast food restaurant closed again

Telegram’s founder and CEO Pavel Durov was arrested tonight at an airport in France while traveling with a woman and his bodyguard, according to the reputable French news site TF1. Investigators from France’s National Anti-Fraud Office have placed Durov in custody ahead of a possible indictment on Sunday for...

Telegram founder and CEO Pavel Durov arrested in France by National Anti-Fraud Office: TF1

Georgia State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Texas State

Missouri State

CJ Coombs

When I learned the brown tarantula is also native to Missouri, I gasped, and when I say I'm not too fond of spiders of any genus is an understatement. It's psychological. They have too many legs.

It's mating season for the Texas brown tarantula also known as the Missouri tarantula

Denver, CO

David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Polygon has regained control of its community Discord server following a hack that allegedly cost one user about $145,000 in assets. The attack, seemingly from a serial hacker, comes shortly before Polygon’s planned mainnet upgrade on Sep. 4, which will transition its native token MATIC to a new token with the ticker POL.

Polygon restores control of Discord server following $145,000 hack as POL token launch approaches

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

In a recent episode of the Wealthion podcast, Joe McCann, the Founder, CEO, and CIO of the crypto hedge fund Asymmetric, sat down with Anthony Scaramucci, the Founder and Co-Managing Partner of global alternative investment firm SkyBridge Capital. Federal Reserve and Global Macro Environment. McCann began by sharing his thoughts...

“It’s Still My View That Solana Is the Fastest Horse in Crypto”, Say CEO of Crypto Hedge Fund Asymmetric

New Jersey State

New Brunswick, NJ

Morristown Minute

NEWARK, N.J. -A Middlesex County man, Kenneth Strickland, 57Kenneth Strickland, 57, from New Brunswick, has been convicted of his involvement in a large-scale conspiracy to distribute fentanyl and heroin. U.S. Attorney Philip R. Sellinger announced that Strickland was found guilty on July 29, 2024, of all six counts in a superseding indictment.

NJ Man Convicted in Large-Scale Fentanyl & Heroin Trafficking

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

The U.S. Securities and Exchange Commission (SEC) has halted the approval process for Solana (SOL) spot exchange-traded funds (ETFs), citing ongoing concerns about the crypto’s classification as a security. This decision follows recent discussions between the SEC and prospective ETF issuers, which have led to the CBOE BZX Exchange...

SEC Reportedly Halts Solana ETF Approval Amid Ongoing Security Classification Debate

NewsBreak

Kraken blames 'unclear' crypto regulations for court loss in Australia

An Australian court ruled Friday that Kraken’s local operator violated a local rule that required issuers to make a “target market determination” before launching a product....

Kraken blames 'unclear' crypto regulations for court loss in Australia

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