Month: September 2024

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BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The broader market tracked by CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 6%. Major tokens solana’s SOL and ether (ETH) dropped over 7%, leading losses.
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“As compared to other Middle Eastern countries, Qatar’s approach is notably advanced, offering a more structured and clear regulatory environment,” said Navandeep Matta, a senior associate at Kochhar & Co. Legal. “This positions Qatar at par with the UAE’s Digital Assets Framework, establishing a robust regulatory regime that aligns with international best practices.”
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CIP-1694, an official “Cardano Improvement Proposal,” describes the new community governance structure and establishes three user-led governance bodies: the Constitutional Committee, Delegate Representatives (dReps), and Stake Pool Operators (SPOs). Moving forward, Cardano’s three founding entities—the Cardano Foundation, Input Output Global (IOHK) and Emurgo—will no longer have the keys to trigger chain upgrades or “hard forks.”
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