UK government rejects lawmakers call to treat crypto like gambling
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The United Kingdom government has rejected a proposal made by the U.K. Treasury Committee to regulate crypto retail trading in the same way…
Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms — EthCC
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An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on…
FedNow Service has no relation with CBDCs, Federal Reserve clarifies
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The United States Federal Reserve clarified that its new service for instant payments between organizations — the FedNow Service — has no…
Shared Web3 user base could power new social app integrations — Aave CEO
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The latest version of Web3 social layer Lens Protocol has been released, introducing improved functionality to support new use cases and shared…
Bitcoin traders say 'get ready' as BTC price preps 2023 bull market
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Bitcoin (BTC) is gearing up for its next bull run in classic style, say traders eyeing two key trend lines. In some…
Polygon 2.0 begins groundwork for decentralized governance
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Polygon Labs has begun work on an expansion intended to include all blockchains and applications running on the Polygon network, and seeks…
Terraform Labs appoints new CEO from existing team: Report
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As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail…
Kuwait bans crypto and virtual assets transactions
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The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC). On July 18, Kuwait’s…
Myanmar’s shadow government backs launch of crypto-based bank
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Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s…
China’s digital yuan nears $250B transaction volume: Central bank governor
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Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its…