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In a significant development, the U.S. House Financial Services Committee advanced specific bills focused on crypto for the first time, independent of broader legislation.
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In the latest signs that Wall Street is moving towards cryptocurrency, Goldman Sachs has successfully offered its first Bitcoin-backed loan.   The secured lending facility lent cash collateralised by Bitcoin owned by the borrower, a spokeswoman for Goldman Sachs said.    “We recently extended a secured lending facility where we lent fiat collateralized on BTC;...
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Digital Assets and Web 3.0: Australia’s Legislative Path Australia’s federal government is considering legislation to position the country in the emerging Web 3.0 landscape, which underpins cryptocurrencies and digital assets. Web 3.0 represents the third iteration of the web, following the 1990s’ Web 1.0 and the current Web 2.0. This new phase is built on...
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