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The vice chairman of multinational holding company Berkshire Hathaway once described cryptocurrency and artificial intelligence as “overhyped” and “stupid”. Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, has died. He was 99. Munger, an integral force at Berkshire since 1959, played a pivotal role in shaping the company into a global
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Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, meaning the
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The Cardano ecosystem is ringing in significant transformations with the Cardano Foundation’s announcement of a pivotal modification to its staking parameters. After
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Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party to hold those assets. Most of the tokens, however, fall victim to a “death spiral” – with outflows or sales of backing assets causing a sudden
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“The metaverse is in scope of the bill, which, as noble Lords know, has been designed to be technology neutral and future-proofed to ensure that it keeps pace with emerging technologies,” Lord Stephen Parkinson, a member of the Parliament's upper house and minister at the Department for Culture, Media and
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A bill that aims to expand the ability of authorities in the United Kindom to target illicit cryptocurrency usage has been pushed to the final stages for approval by the House of Lords. The Economic Crime and Corporate Transparency Bill was introduced in September 2022 and primarily aims to tackle crypto-related
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The lower house of India’s parliament voted in approval of a bill that will ease data compliance regulations for Big Tech companies, according to a report from Bloomberg. On Aug. 7, the legislation that was approved by the house will ease storage, processing and transfer standards for major global tech companies
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Celo said in the proposal that the benefits of the move will include “further Ethereum alignment and EVM compatibility, a stronger security assurances than Celo provides individually and a trustless bridge to Ethereum, simplifying liquidity sharing between Celo and Ethereum.” Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate has approved the 2024 National Defense Authorization Act (NDAA). The bill included a provision to strengthen regulatory scrutiny of financial institutions involved in crypto trading, particularly mixers and anonymity-enhancing tokens, focusing on
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. House Committee on Agriculture has approved the Financial Innovation and Technology for the 21st Century Act. Better known as FIT for the 21st Century, the bill is designed to establish a comprehensive regulatory framework for
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