KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes
The token climbed on news that about 7 trillion KIN tokens worth $156 million will be burned. Source
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Passes
‘Pro-crypto bill’ passes out of US House Agriculture Committee
Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments
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SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
The United States Securities and Exchange Commission (SEC) approved a set of sweeping changes to the rules governing the use of “optimization functions” by brokers in a committee vote on July 26.We have an upcoming @SECGov Open Meeting on July 26 | 10am ETWe’ll be discussing:1⃣Cybersecurity Risk Management, Strategy, Governance,
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Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps. Original Source
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Russian parliament passes a “digital rouble” bill
The central bank digital currency (CBDC) project in Russia made one large step closer to reality. On July 11, Gosduma, the lower chamber of the Russian parliament, passed a “digital rouble” bill in the third reading. Now the document faces confirmation in the higher chamber and, afterward, the President’s signature. The
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Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and
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Namibia passes bill to regulate crypto and virtual assets
Namibia has joined other African nations in embracing cryptocurrencies and digital assets with the approval of a bill by the Namibian National Assembly. The bill which was passed on June 22, aims to regulate digital assets, cryptocurrencies and the providers of digital asset services within the country, signaling a positive
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House of Lords Passes U.K. Bill to Help Seize and Freeze Crypto Used for Crime Like Money Laundering, Terrorism
The U.K.'s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a step closer to entering the statute book after being passed by Parliament’s upper chamber on Tuesday. Source
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South Korea Passes Crypto Bill for User Protection
The bill marks the country's first step towards a digital asset legal framework. Source
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South Korea Passes First Independent Crypto Bill to Strengthen Investor Protection
As per the VAUP legislation, the Financial Services Commission (FSC) will get the authority to oversee crypto operators as well as crypto custodians. South Korea has now implemented the first independent bill for digital assets in order to boost investor protection in the region. The development comes one year after
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