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Kraken Australia’s Director Jonathon Miller does not support the proposed rules, stating that the paper was trying to fit crypto into existing financial services regulations. The Australian Treasury has unveiled a consultation paper that details plans to regulate crypto exchanges in the country. The new regulatory framework – released on October
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“Australia has been waiting for certainty over digital asset regulation so it can seek to catch up with the rest of the world," Michael Bacina, digital asset lawyer at Piper Alderman and Chair of Blockchain Australia told CoinDesk from the Summit. "The approach is consumer-protection centric, with a broad net
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The Australian federal government is charging forward with plans to regulate the digital asset sector at the exchange level, and may soon require cryptocurrency exchanges to hold a financial services license issued by the local financial regulator.In the newly-unveiled “Regulating digital asset platforms” consultation paper, released on Oct. 16, the
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Bitfinex’s parent company, iFinex, has proposed buying back $150 million worth of the company’s shares from users who were offered them as compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, according to Bloomberg.IFinex revealed its plans to buy back the shares in a shareholder letter dated
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Over the past week, Bitcoin price has displayed a notable bullish momentum. This comes after a prolonged consolidation phase during which the
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A new proposal has been suggested to create a “gateway” software that will enable transactions from Ethereum to be wrapped and submitted to Flow. If the community approves, the Flow (FLOW) ecosystem could soon support Ethereum-based decentralized applications (dapps). The proposal was published by Dieter Shirley, Dapper Labs co-founder and Lead Architect at Flow,
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In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives
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Bitcoin Ordinals’s creator and chief coder, Casey Rodarmor, has recently proposed changing the protocol’s numbering system with the aim of simplifying the project’s codebase.Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned a unique inscription number. They functioned similarly to serial numbers and
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A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when it comes to digital replicates. Ash Kalra, an Assembly Member of the State of California — the lawmaker behind the bill — argued that generative
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Digital Currency Group (DCG), the parent company of the insolvent crypto lending firm Genesis, is pushing for a repayment plan for its creditors, which includes participants in the Gemini Trust Co.’s Earn program. In a filing on Wednesday, Sep. 12, DCG assured Gemini Earn program investors that they could potentially receive
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