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UK court tests whether Bitcoin debts must be repaid in Bitcoin
A London case is posing an important question for English law: whether a judge would be able to compel one party to give back Bitcoin or only its pound-sterling equivalent. This is important since fluctuations in the value of Bitcoin will make the payment of the debt either more or less favorable, depending on what...Cryptopolitan
Sat, Jun 20
MiCA countdown: Italy’s Conio secures EU crypto license
Fintech startup Conio has gained its crypto-asset service provider (CASP) license under the EU Markets in Crypto-Assets Regulation (MiCAR), landing one of the final licenses before unlicensed firms lose the right to offer crypto services across the bloc on June 30. The approval, which involved reviews by Italy’s Consob and the Bank of Italy, covers...Cryptopolitan
Sat, Jun 20
Aave V4 targets Wall Street’s $12 trillion repo market
Stani Kulechov, on June 19 pitched Aave V4 as a bridge between Wall Street and DeFi, arguing that bringing securities financing on-chain could unlock a multi-trillion-dollar market and accelerate institutional adoption of crypto-native infrastructure. Specifically, this initiative would be directed towards three parts of Wall Street’s securities financing industry: collateralized loans backed by securities, repurchase...Cryptopolitan
Sat, Jun 20
Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploit
Approximately $4.67 million worth of tokens were drained from Secret Network after an attacker exploited an ICS-20-based smart contract used to facilitate cross-chain transfers, according to Axelar’s June 19 statement. The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract...Cryptopolitan
Sat, Jun 20
CFTC bans Mashinsky from trading for life, closing the regulator’s first crypto-lender case
The Commodity Futures Trading Commission permanently banned Celsius founder Alex Mashinsky from commodity trading and CFTC registration through a consent order entered on June 18 in the US District Court for the Southern District of New York. The order concludes the agency’s July 2023 fraud case and ends what the CFTC has referred to as...Cryptopolitan
Sat, Jun 20
MGX explores multi-billion-dollar acquisition of data center operator DayOne in push to dominate AI infrastructure
Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which operates a data center in Singapore. The deal will come as MGX’s first acquisition in Asia and would highlight the mounting competition among the various parties who seek to obtain the necessary data center infrastructures to fuel the growth of AI...Cryptopolitan
Sat, Jun 20
Ethereum Price Forecast: Impending funding crisis could put Ethereum at risk
Ethereum developers could face a "slow-burning funding crisis" in the coming months following the depletion of the Ethereum Foundation (EF) treasury and the expiration of the Client Incentive Program (CIP), according to former EF contributor Trent VanEpps.Fxstreet
Sat, Jun 20
Japan plans $65 billion physical AI push by 2040 to offset a shrinking workforce
On June 19, Japan’s government unveiled a plan to funnel 10.5 trillion yen ($65.1 billion) in combined public and private investment into physical artificial intelligence across 17 strategic sectors by fiscal 2040, according to Nikkei Asia. This is the fifth major policy move made by the government of Prime Minister Sanae Takaichi within just four...Cryptopolitan
Sat, Jun 20
Trump says "Anthropic is no longer a national security threat" after G7 lunch with Amodei
President Donald Trump told Axios’s Marc Caputo in a pre-taped interview published June 19 that he no longer views Anthropic as a national security threat, two days after meeting CEO Dario Amodei at the G7 summit. Asked whether Anthropic or Amodei posed a threat, Trump said, “Well, not now, but a week ago, maybe.” ⚠️...Cryptopolitan
Fri, Jun 19
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