The U.K. Treasury has formally rejected a recent House of Commons Treasury Committee’s recommendation that cryptocurrency exchanges not be regulated as financial assets but as gambling instruments. Let’s find out more.
bitcoin
Elon Musk’s Tesla Continued Holds its BTC reserves It was the fourth consecutive quarterly loss after being forced to divest 75% of reserves in the second quarter of 2022.
After hitting the bottom of the range, BTC appears to be heading higher again, bulls look to test $31,000 to $32,000 Significant resistance again.
Ethereum
Vitalik Buterin Hints Imminent Launch Amid Crypto Market Rally upgrade To the Ethereum network, this could reduce costs by a factor of 100.
decentralized finance
DeFi Protocol Conic Finance Reveals It Has Suffered to developattackers stole more than 1,700 ETH worth $3.6 million from one of its Omnipools.
Uniswap founder Hayden Adam (Hayden Adam) twitter account Encountering the breach, hackers sent several tweets directing users to scam sites and phishing links.
Leading DEX platform Spectrum Finance announced its strategic cooperation Partnering with the innovative smart contract platform Cardano.
Axelar launched Cross-chain token servicea solution aimed at enhancing the interoperability of ERC-20 tokens on all EVM-compatible chains.
Altcoin
Solana Labs Announces the Launch of as long as the compiler This will help EVM developers transition to the Solana ecosystem.
The crypto world is eagerly anticipating the upcoming Litecoin’s third halving eventwhich is expected to occur after the 2,520,000th block is mined on August 2, 2023.
technology
encryption experts propose question Questions about central bank digital currencies, such as where are all the mainstream media articles or TV debates about the advantages or disadvantages of implementing a CBDC nationwide.
world currency complete migration To the Optimism ecosystem, key components such as World ID and World App technology stack have been migrated to the OP main network.
Starknet has revealed the launch of the “application chaina framework designed to enable developers to build multiple application-specific blockchains within the Starknet ecosystem.
Business
recently discovered personal diary Evidence from Alameda Research CEO Caroline Ellison could serve as a key piece of evidence in the upcoming trial of FTX founder Sam Bankman-Fried.
The venture capital company Coinfund and Polychain Capital It has managed to raise a total of $350 million in funding in recent rounds, showing renewed confidence in the cryptocurrency space.
US investor Cathie Wood’s ARK Invest sells another $50.5 million worth of assets Coinbase stock Profit from the recent cryptocurrency market rally.
Binance ends abruptly five-year partnership Partnering with the Argentine Football Association (AFA) after only one year.
Regulation
A bipartisan group of U.S. senators proposed Consey Act Regulate DeFi platforms to curb money laundering and other financial violations.
british government reject A recent proposal by the House of Commons Treasury Committee recommends that retail cryptocurrency transactions be regulated like gambling instruments.
Facing legal turmoil surrounding co-founder Do Kwon, blockchain firm Terraform Labs appoints a new chief executive.
Myanmar’s National Unity Government (NUG), a shadow government opposed to existing military rule, is preparing to launch a Crypto Neobank Runs on the Polygon blockchain network.
Law enforcement in the northern Chinese province of Shanxi uncovered a suspected USDT Money Laundering Scheme The amount exceeds US$55 million.
France’s third largest bank, general associationbecoming the first bank to obtain a license to provide cryptocurrency asset trading and custody.
The International Monetary Fund (IMF) emphasizes Opinion Cryptocurrencies need “comprehensive policies to protect the economy and investors.”
Founder and former CEO of the now-defunct Thodex cryptocurrency exchange, Farouk Fateh OzerHe was sentenced to seven months in prison for failing to submit relevant documents requested during the trial.
Rep. Ritchie Torres becomes the latest U.S. lawmaker to make the request criticize Against the SEC and its chairman Gary Gensler (Gary Gensler) stance on cryptocurrencies.
The SEC’s clock is ticking approve or reject BlackRock files for a spot bitcoin exchange-traded fund.
Coinbase CEO Brian Armstrong will private meeting There will be a meeting with House Democrats on Wednesday, according to Democratic aides familiar with the agenda.
US judge Sarah Netburn has ordered the SEC and Ripple to agree possible billing date Do both parties find the proposals at this stage constructive?
On Monday, the Financial Stability Board issued a report on Global Regulatory Framework For cryptoassets, “promoting comprehensive and international consistency in regulatory approaches.”
NFT
Proof Collective is trying to reignite interest in its Moonbirds NFT with a brand new 20,000 NFT myth The series was released almost a year after it was first mentioned in August 2022.
Staking Protocol EtherFi Calls OpenSea Markets Decision pause The former’s EtherFan NFT collection traded last week.
network 3
Andreessen Horowitz Partner Sriram Krishnan Expressed belief that Web3 has the potential to solve problems plaguing current Web2-based social media platforms.
The developers behind Polygon Labs have proposed changes to its governance system, which are coming soon Polygon 2.0 Roadmap.
potential augmented reality games Not yet fully realized, but developers have created many highly original applications to enhance our experience in the physical world.
Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.
