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Ripple Labs Inc, a company known for blockchain innovation and digital payments, has announced an initiative to transform the real estate industry using tokenization.Antony Welfare, the Central Bank Digital Currency (CBDC) advisor at Ripple, highlighted the growing global interest in CBDCs and stablecoins in a July 7 tweet. He emphasized
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The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A
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Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method that allows one party to prove to another party that something is true without revealing any information. The technology is vital for Ethereum layer-2 solutions to achieve blockchain scalability, and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. This directive, as stated in a notice
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Manchester City and OKX's other partners have been auditing the exchange's proof of reserves to ease concerns that it won't go the same way as FTX. Source
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During a panel at Collision 2023 in Toronto, Canada, Anthony Scaramucci, former White House Communications Director, and founder of Skybridge Capital, stated that disgraced crypto executive Sam Bankman-Fried "really hurt the industry in the United States from a regulatory perspective." Scaramucci continued:"He embarrassed the politicians; he gave a lot of
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The growing trend of cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the state.Australia's Treasury on 28 June published an official statement addressing potential policy responses on debanking in Australia. Debanking occurs when a bank declines to provide services
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Robinhood, eToro and other major brokers have began delisting tokens from some of the most prominent blockchain projects in the space. Many of those projects happen to use proof-of-stake (PoS) algorithms, which guarantee high levels of network security, but have been called into question by SEC Chair Gary Gensler. Source
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“With the adjustments made to the text we are no longer addressing smart contracts in general but make this regulation applicable specifically to the execution of contractual clauses in the context of data sharing,” Damian Boeselager, a lawmaker who led negotiations for the European Parliament’s Green grouping, told CryptoX. Source
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The Monetary Authority of Singapore (MAS) released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies. On June 21 MAS published a whitepaper that covers technical specifications outlining the lifecycle of its new Purpose Bound Money (PBM) concept, along
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