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The UK Law Commission has recently published a scoping paper focusing on the legal characterization of Decentralized Autonomous Organizations (DAOs) within the country. DAOs are essentially blockchain-based communities established for a common purpose, such as investing in startups or acquiring historical artifacts. These organizations are viewed by industry observers as the next frontier in corporate
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The US Securities and Exchange Commission (SEC) has recently made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has significant implications for the crypto industry and traditional financial institutions alike. The SEC’s decision allows some banks and brokerages to
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Ethereum has shown significant strength in recent trading sessions as it extended its increase above the $3,120 resistance zone. This surge in price has sparked optimism among investors, with expectations of the cryptocurrency aiming for a move above the $3,200 resistance in the near term. As Ethereum continues its upward trajectory, a connecting bullish trend
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Bitcoin price has experienced another decline after struggling to break the $59,500 resistance level. The bears seem to be gaining strength, especially if the price falls below the $56,000 support. Currently, Bitcoin is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at $58,400 on
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During a recent hearing, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla criticized Coinbase’s request, particularly noting that it included Gensler’s statements prior to him becoming SEC chair in 2021. The judge found Coinbase’s arguments to be “speculative” and
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Bitcoin (BTC) recently made a successful break above its bearish trendline, signaling a possible shift in market sentiment. With a market capitalization exceeding $1.1 trillion and a trading volume of over $24 billion, the digital asset is currently trading at around $58,119, down by 1.37% in the last 24 hours. On the 4-hour chart, BTC
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