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Decentralized Autonomous Organizations (DAOs) have garnered significant attention as innovative blockchain-based communities designed to achieve common goals. However, the UK Law Commission’s scoping paper raises critical questions about the legal characterization of DAOs within the country. The Commission’s central thesis revolves around the lack of consensus on what exactly constitutes a DAO and how it
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Justin Sun, the founder of Tron, recently made headlines by investing $5 million in Ethereum (ETH), the world’s second-largest cryptocurrency. This investment was revealed through a transaction discovered by Spot On Chain, an AI-driven on-chain analytics platform. Sun reportedly purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH, bringing his total ETH
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Recent reports have highlighted significant exceptions granted by the US Securities and Exchange Commission (SEC) to certain financial institutions affected by Staff Accounting Bulletin No. 121 (SAB 121). These exceptions have sparked discussions within the industry regarding the implications for crypto accounting compliance and the broader landscape of the crypto industry. The SEC’s decision to
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Soccerverse, the groundbreaking blockchain-based football management game, has recently received a significant funding boost of £2.5 million ($3.1 million) from renowned game publisher Square Enix. This investment, led by Square Enix and supported by existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. It is a major milestone for the game, which aims
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