Ripple Cheers White House Plan to Redefine US Crypto Regulation

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The White House unleashed a bold crypto strategy demanding immediate congressional action, with Ripple’s legal chief calling it a breakthrough blueprint from the “most pro-crypto Administration we’ve ever seen!” Ripple Legal Chief: Most Pro-Crypto Admin Delivers the Regulatory Signal Investors Need The White House released a 160-page report on July 30, through the President’s Working […]

Australian Digital Asset Firm Adopts ‘Collateral Mirroring’ for Institutional Crypto

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An Australian digital asset investment firm, Jelly C, has joined a new “collateral mirroring” program, enabling lower-risk institutional crypto trading via the OKX exchange. This program uniquely allows Standard Chartered, a global investment bank, to handle asset custody. Jelly C will primarily use Franklin Templeton’s tokenized money market fund (TMMF) as off-exchange collateral for trading […]

Indonesia Quadruples Tax on Overseas Crypto Trades

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Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s Rising Popularity Fuels Tax Adjustments Indonesia is set to implement higher tax rates on cryptocurrency transactions starting August […]

Forgotten Fortune Awakens: Whale Unleashes 500 BTC From 2017

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On Wednesday afternoon, at block height 907849, a long-silent bitcoin stash finally stirred. The holder, who scooped up 500 BTC between June 10 and July 31, 2017, moved the coins for the first time in nearly eight years. From $1.3M to $58M: Dormant Bitcoin Awakens in Synchronized Transfers The date is July 30 on a […]

Bitwise CIO: Crypto Solves TradFi’s ‘Boxed-In’ Thinking

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Bitwise Chief Investment Officer Matt Hougan used his 100th weekly CIO memo to argue that traditional finance (TradFi) is fundamentally flawed and cryptocurrency offers a path to a superior global financial system. Instant Payments, Real Yield: Bitwise CIO Touts Crypto’s Advantages in 100th Memo Bitwise CIO Matt Hougan framed his perspective using the “nine-dot puzzle,” […]

Algeria Enacts Sweeping Ban on Crypto Use, Exchange, and Mining

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Algeria has enacted a comprehensive law that criminalizes all forms of cryptocurrency use, exchange, and mining, aiming to protect the national financial system. Total Ban on Crypto Use and Platforms Algeria recently enacted a sweeping new law that criminalizes any form of use, exchange, or mining of cryptocurrencies. The move is reportedly intended to protect […]