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Bitcoin Snaps Losing Streak as Pelosi Taiwan Trip Passes Without Incident

●Bitcoin (BTC): $22,807 −1.1% ●Ether (ETH): $1,614 −2.0% ●S&P 500 daily close: 4,155.17 +1.6% ●Gold: $1,781 per troy ounce +0.5% ●Ten-year Treasury yield daily close: 2.75% +0.007 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index

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Paraguayan Senate Passes Bill Regulating Crypto Mining and Trading

The main modification proposed by the Chamber of Deputies and accepted by the Senate is that the primary law enforcement authority will be the Ministry of Industry and Commerce, which will penalize those individuals or legal entities carrying out mining or providing services with crypto without the corresponding authorization. Source

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US Tribal Nation-Backed Economic Zone Passes Rules Defining Digital Assets

“Now that we have clear digital asset definitions established, a milestone that many governments have still failed to achieve, we can move forward. The zone can quickly pass thorough and comprehensive frameworks for the regulation of DAOs, stablecoins and other facets of the Web3 space that are currently poorly defined

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Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales

The State Duma, the lower house of the Russian legislature, has passed a bill on the taxation of digital assets that exempts their sale from value-added tax (VAT) in the Russian Federation. Some other services of digital asset exchanges will also be exempted, according to state-run news service RIA Novosti. In

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Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion

Bitcoin (BTC) faced continued selling pressure before the June 13 Wall Street open as Ether (ETH) revisited multi-year lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for $24,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD eclipsing its ten-month lows set in mid-May.The largest cryptocurrency faced bearish triggers on multiple fronts, these

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Japan passes bill to limit stablecoin issuance to banks and trust companies

Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On June 3, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions, local news agency Nikkei reported. The bill reportedly stipulates that the

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