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Harris campaign aims to repair Democratic Party ties with crypto sector

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Vice President Kamala Harris is reaching out to cryptocurrency firms as part of an effort to reset and strengthen relations with the digital asset industry. This initiative marks a significant shift in the administration’s approach to cryptocurrency regulation and collaboration.

In a series of meetings and discussions, Harris is engaging with key players in the crypto sector to address concerns and explore ways to foster a more constructive dialogue between the government and the industry. The move aims to bridge gaps and create a more cohesive framework for the regulation and development of digital assets.

The Vice President’s outreach comes in response to growing calls from the crypto community for clearer regulations and a more collaborative approach from policymakers. By establishing open channels of communication, the administration hopes to better understand the needs and challenges of the industry while ensuring that regulatory measures align with technological advancements.

This renewed engagement reflects a broader effort by the Biden administration to balance innovation with regulation, particularly in emerging sectors like cryptocurrency. Harris’s approach signals a willingness to work with the industry to develop policies that support growth while addressing potential risks associated with digital assets.

The discussions are expected to cover a range of topics, including regulatory frameworks, consumer protection, and the potential economic benefits of cryptocurrency and blockchain technology. The Vice President’s initiative is seen as a positive step towards creating a more predictable and supportive environment for crypto firms.

As the dialogue progresses, both the government and the crypto sector will be looking to establish a mutually beneficial relationship that supports innovation while safeguarding financial stability and security.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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