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South Korea orders Polymarket block over illegal gambling concerns

South Korea has ordered access to Polymarket to be blocked after regulators found that the crypto-based prediction market provides an illegal gambling environment to domestic users. South Korea’s Broadcasting, Media and Communications Review Committee voted on Aug. 18 to issue…

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DOJ antitrust probe targets a16z over competing AI board roles

The U.S. Justice Department has spent nearly a year investigating Andreessen Horowitz over whether partners at the venture capital firm are improperly serving on the boards of competing artificial intelligence companies. Bloomberg News reported on Aug. 17, citing people familiar…

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EU opens door to country-wide crypto bans over Russia sanctions evasion

The European Union has expanded its Russia crypto sanctions to 14 foreign service platforms while creating a country-level transaction ban that could cut EU operators off from crypto providers in jurisdictions accused of repeatedly enabling sanctions evasion. According to the…

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Circle’s euro stablecoin EURC tops €400 million in circulation

Circle’s euro-backed stablecoin EURC has surpassed €400 million in circulation after its supply more than doubled over the past year as the token gained support across exchanges, payment providers and institutional platforms. Circle said in an Aug. 17 update that…

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Ethereum devs warn Glamsterdam upgrade could break wallets and gas tools

The Ethereum Foundation has warned that wallets, indexers and gas estimators could break as Glamsterdam changes the 21,000-gas assumption for some ETH transfers, with the upgrade due to activate on the Platåberget testnet on Aug. 20. The Ethereum Foundation’s Protocol…