New law grants US president power to block digital asset access
A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users.
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UK Law Commission to Review Legal Frameworks to Remain ‘Competitive’ in Era of Smart Contracts
The U.K. Law Commission will review legal frameworks to ensure that British courts remain a “competitive” choice for businesses that use smart contracts. The announcement was made in the Commission’s 2018 report released July 19. The Law Commission was established in 1965 with the main tasks of monitoring the laws of the U.K. and recommending…

Beyond the headlines: The real adoption of Bitcoin salaries
Are cryptocurrency wages an idea whose time has come? Maybe not. It’s one thing, after all, to dabble in Bitcoin (BTC) with one’s excess cash and quite another to take a significant portion of one’s salary in BTC.Moreover, there are often tax and custody questions about crypto, as well as concerns about price volatility. There’s…

Blockchain in Crypto Trading: How Do Decentralized Instruments Work?
In cryptocurrency trading, everything is based on price movements, with market participants’ success depending on their ability to predict and quickly respond to this dynamic environment. Forecasting, however, is not always that easy, especially when it comes to high volatility. Even experienced analysts disagree in their assessments — while some of them predict that Bitcoin (BTC) will…

StabilityAI launches StableLM open-source alternatives to ChatGPT
StabilityAI announced the launch of StableLM, a suite of open-source large language models. 192 Total views 5 Total shares Own this piece of history Collect this article as an NFTThe large language model sector continues to swell as StabilityAI, maker of the popular image-generation tool Stable Diffusion, has launched a suite of open-source language model…

Italian government will provide $46 million in subsidies for blockchain projects
All companies developing IoT, AI, or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health. 128 Total views 2 Total shares The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46…

Magic Internet Money races past $1B, sets sights on MakerDao
Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings. Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that…

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. The United Kingdom government has rejected a proposal made by the U.K. Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, stressing that it "firmly…

DeFi users flock to Flamingo (FLM) to escape high Ethereum gas fees
Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations.Average Ethereum gas price. Source: EtherscanThis explosive rise in gas fees is leading users to look…