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Wolf Of All Streets worries about a world where Bitcoin hits $1M: Hall of Flame

Former globe-trotting DJ Scott Melker — The Wolf Of All Streets — worries about the circumstances leading to Bitcoin topping $1 million.

UK government rejects lawmakers call to treat crypto like gambling

The government added that they are already working on regulating the crypto market and a proposed regulatory legislation was laid before parliament and debated last month.

Grayscale Bitcoin Trust among ARK’s top ETF performers in Q2 2023

GBTC’s share in total ARKW’s holdings accounted for around 7.5%, roughly the same amount as Tesla, in Q2 2023, while Coinbase was the biggest allocated asset, accounting for nearly 9%.

FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023.

Kuwait bans crypto and virtual assets transactions

Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country.

China’s digital yuan nears $250B transaction volume: Central bank governor

While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.

No impact from Ripple ruling? SEC chair cites risks from crypto in budget request

Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission's 2024 fiscal budget.

Multiple spot crypto ETF applications go to Federal Register in step toward SEC approval

Publishing the ETF applications in the official journal of the U.S. government gives the SEC up to 240 days — until March 2024 — for final approval or denial.

Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate

The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”

US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto

Representatives French Hill and Dusty Johnson suggested the SEC may have undertaken certain actions on crypto “seemingly timed to coincide with related Congressional activity".

SEC vs. Ripple: Huge win for crypto

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market.

Tokenizing music royalties as NFTs could help the next Taylor Swift

Negative experiences in the music biz have seen artists like 3lau, Nas and The Weeknd turn to tokenized royalties for a fair deal.

Russian CBDC by 2025? What’s happening with the digital ruble

2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.

Societe General’s subsidiary becomes the first fully licensed crypto provider in France

Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other.

Hong Kong would not go crypto without China’s approval: Animoca exec

China looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, Animoca co-founder said.

Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon

Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender.

Robert F. Kennedy Jr vows to back US dollar with Bitcoin if elected president

RFK Jr. said he will use Bitcoin to stabilize the U.S. dollar as well as make Bitcoin profits exempt from capital gains tax.

Australia's financial regulator cancels license for FTX's local entity

ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely.

Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing

Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.

The European Commission’s Web4 strategy is a flop

There’s a lot of work left to be done on Web 3.0. The European Commission is getting ahead of itself by trying to move to what it calls “Web 4.0.”

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