The Reserve Bank of India listed six specific ways a stablecoin can undermine emerging markets, adding to its mounting case against crypto. Source …
Bitcoin-Friendly App Damus Avoids Apple Deplatforming After 2-Week Battle Over ‘Zaps’ Tipping
Apple had threatened to eject the bitcoin-friendly social media app from its App Store by June 27 unless Damus removed the ability to receive bitcoin tips via “zaps” on content posts.Source …
EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators
Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry.Source …
FTX alleges former exec used ‘hush money’ to silence whistleblowers
The lawsuit claims the former compliance officer paid whistleblowers to stop them from exposing the “true fraudulent nature” of the exchange. Source …
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BitGo Still Sees Consolidation in Crypto Custody After Spurning Prime Trust: CEO
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.Source …
Bitcoin ETF fever returns: ‘Biggest’ inflow to ProShares’ BITO in a year
ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures. Source …
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Crypto trading an important part of the virtual asset ecosystem — Hong Kong SFC chief
Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy. Source …