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CRYPTO HOT NEWS 07/19/2022

Circle CSO lays out policy principles for stablecoins in US

Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins. Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment.

Christie’s launches venture fund aimed at Web3 and blockchain investments

Christie’s, the auction house known for its sales of art and luxury items, will financially support firms in Web3, “art-related financial products and solutions,” and technology related to art and luxury goods. According to Christie’s, its first investment will be in LayerZero Labs, a company developing solutions for enabling omnichain decentralized applications, allowing a more seamless transfer of assets between blockchains.

Coinbase secures crypto asset service provider approval in Italy

The United States-based cryptocurrency exchange Coinbase announced that it has obtained the Crypto Asset Service Provider approval from the Italian Anti Money Laundering regulator, Organismo Agenti e Mediatori (OAM). The approval will allow Coinbase to continue to offer crypto services and launch new products in Italy.

FTX CEO: Blockchain can make social media interoperable

Sam Bankman-Fried, CEO of crypto exchange FTX, highlighted use cases for blockchain and explained how some industries could benefit from integrating the tech. According to Bankman-Fried, blockchain technology can simplify payments, solve stock market flaws and revolutionize social media.

FBI issues public warning over fake crypto apps

The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps. According to an advisory by the securities and intelligence agency, cybercriminals have created apps using the same logos and identifying information as legitimate crypto companies to defraud investors.

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