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UK Government Rejects Lawmaker Plan to Regulate Crypto as Gambling
20.7.2023
The Treasury says it has learned lessons from FTX's collapse, and that gambling law doesn’t deal with crypto risks
Polygon Labs Unveils ‘Hyperproductive’ Token POL, Poised to Replace MATIC and Boost Ecosystem Rewards
18.7.2023
Polygon Labs, the team behind the Polygon blockchain network, has introduced a third-generation token that could replace the native cryptocurrency, MATIC, with a “hyperproductive” digital currency named POL. If the POL concept gains approval, validators can earn rewards from staking...
Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses
17.7.2023
Hector Network's HEC and TOR tokens, and its treasury, suffered major losses related to Multichain. The project is based on Fantom
Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit
16.7.2023
Janet Yellen, serving as the 78th U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.” Furthermore, Yellen expressed caution regarding the premature removal of trade constraints against China,...
UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox
11.7.2023
“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury
Near Foundation treasury drops to $900M as token price plunges
11.7.2023
The $200 million decline was mostly due to a drop in the price of Near tokens, in line with the crypto bear market
Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
11.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...
UK Treasury Starts Consultation on Five-Year Digital Securities Trial
11.7.2023
The pilot will relax regulations for digital bonds and equities – but not unbacked crypto, like bitcoin or ether
Treasury Secretary Yellen: BRICS Currency Won’t Threaten US Dollar Dominance
10.7.2023
U.S. Treasury Secretary Janet Yellen has stated that she does not see the U.S. dollar’s dominance being threatened by any development, including the proposed BRICS currency. Yellen stressed that all the data of which she is aware shows that the dollar is overwhelmingly used in international...
North Carolina Advances Bill to Study Holding Bitcoin, Using Crypto to Hedge Against Inflation
30.6.2023
The U.S. state of North Carolina has advanced a bill to study holding cryptocurrencies, particularly bitcoin, in the state treasury. The bill appropriates $50,000 from the state’s general fund to study three areas, including “The process of acquiring, securely storing, insuring, and liquidating...
Crypto debanking could drive industry underground: Australia Treasury
29.6.2023
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams
MicroStrategy now holds 152,333 BTC in its Treasury
29.6.2023
MicroStrategy has announced adding 12,333 Bitcoins (BTC) more to its existing holding. This has taken the count to a total of 152,333 BTC, valued at $4.5 billion. The first-ever purchase by MicroStrategy was made in 2020. It now owns the largest supply of digital tokens among other existing...
Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue
28.6.2023
Australia's Treasury said on Wednesday it recognises the seriousness of de-banking and that it understands inaction could drive business underground after instances of banking partners cutting-off crypto platforms in the nation
Australian banks claim 40% of scams 'touch' crypto as it defends restrictions
27.6.2023
During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges
Leading House Democrat Solicits Feedback From Gensler and Yellen on Crypto Bill
26.6.2023
The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators
US lawmaker calls for info from Treasury and SEC on crypto market structure bill
26.6.2023
Rep. Maxine Waters gave Janet Yellen and Gary Gensler a deadline of June 30 to respond to her requests on the “Digital Asset Market Structure” bill proposed by Republican lawmakers
Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury
26.6.2023
The loan will help Hut 8 maintain its dynamic Bitcoin treasury management strategy going into the halving, CEO Jaime Leverton said
Australia’s token mapping to be ‘tech agnostic,’ says Treasury official
26.6.2023
Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S
US Treasury yields are rising — What does it mean for Bitcoin price?
25.6.2023
The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time
US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize
25.6.2023
U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization at the next BRICS meeting. “There is a very good...