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Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. The Mantra Chain Case A Hong Kong lawmaker, Johnny … Read more
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate … Read more
Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto Super PAC funds, claimed victory in an Arizona congressional primary. Go to Source
After a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet position in 2025. Go to Source
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task … Read more
Shortly after their arrest in May, Anton and James Peraire-Bueno were released on $250,000 bonds until the conclusion of their criminal case. Go to Source
According to research commissioned by Coinbase, roughly 40% of young crypto holders in crucial swing states identify as Democrats — the same percentage as Republicans. Go to Source
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose significant security risks. Keeping the Innovation Flywheel Spinning … Read more
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure … Read more
In March, a jury convicted Bitcoin Fog founder Roman Sterlingov of four counts related to money laundering through the operations of the crypto mixing service. Go to Source