IOTA is undergoing a significant transformation, focusing on tokenization, compliance, and decentralized growth. Recent achievements include partnerships for asset tokenization with the UAE government and initiatives to digitalize trade finance in Africa, enhancing efficiency and economic growth. The upcoming Rebased upgrade aims to decentralize further and increase network utility, promising features like programmability and high-speed transactions.
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0 posts last weekAnalysts Predict Potential Upside for Cardano Price Amid Market Volatility
Analyst Ali Martinez suggests that Cardano (ADA) could reach $6 if it mirrors its 2020 price behavior, despite recent volatility and a nearly 17% decline over the past week. Fellow analyst Andrew Griffith also sees potential for an upside reversal, identifying a key resistance level at $1.0860. However, ongoing market sell-offs and liquidations pose challenges to ADA’s recovery.
read moreUK Government Plans to Introduce New Crypto Rules Before Next Election
Prime Minister Rishi Sunak aims to establish the UK as a major crypto hub before potentially facing a defeat in the upcoming general election. The government plans to introduce stablecoin legislation within the next six months, with the possibility of a change in leadership impacting the fate of these regulations. Despite the challenging political landscape, Sunak is determined to leave his mark on the UK’s crypto sector during his final months in office.
read moreUK Set to Introduce Comprehensive Legislation for Stablecoins and Staking Services
The UK government is set to introduce comprehensive legislation for stablecoins and staking services within the next six months, aiming to bring clarity and regulation to the crypto space. This move comes amid increasing pressure to address regulatory uncertainties and is seen as a significant step towards creating a more transparent and secure crypto environment. While stablecoins will fall under existing payment laws, staking services will receive a new classification, with broader proposals to regulate crypto exchanges and other industry providers still pending.
read moreUK MPs Show Limited Understanding of Crypto and Blockchain, Says Trade Association
Approximately 5% of Members of Parliament in the United Kingdom have publicly discussed crypto and blockchain, indicating a lack of knowledge in this area. A recent report by CryptoUK revealed that only 37 lawmakers out of 650 mentioned crypto and blockchain, with notable figures including MP Andrew Griffith and crypto advocate Lisa Cameron. The trade association emphasized the importance of MPs familiarizing themselves with the crypto industry, which has millions of people involved and contributes to the growth of the British economy. The UK government, led by Prime Minister Rishi Sunak, aims to establish the country as a global hub for crypto-asset technology, while also implementing regulations and restrictions on crypto firms. The upcoming general election in the UK may impact the future of crypto policies under the conservative government.
read moreUK Government Appoints Bim Afolami as Economic Secretary to the Treasury, Focusing on Crypto Regulation and Innovation
Bim Afolami has been appointed as the new Economic Secretary to the Treasury of the United Kingdom, with control over policies related to digital assets and central bank digital currencies. The U.K. government is aiming to establish the country as a leading global hub for cryptoassets and blockchain technology, and plans to work closely with Afolami to achieve this goal.
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