Crypto


Policy

DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says

The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.

DAOs fall under existing law in England and Wales, Law Commission says (Reinaldo Sture/Unsplash)

Markets

Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan

The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.

(Shutterstock)

Policy

Wallets Linked to Global Scams on Cambodia's Huione Guarantee Collect $11 Billion: Report

The online platform is said to be linked to the nation's ruling family and allegedly hosts posts offering services including deepfake scams, money laundering and so-called pig butchering.

16:9 Fraud, scam (brandwayart/Pixabay)

Policy

Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto

She has previously called for crypto to be regulated while recognizing the technology's potential.

Tulip Siddiq, the new U.K. City Minister (UK Parliament)

Finance

Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan

Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

(Shutterstock)