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Meet the 9 power players shaping the UK's growing #crypto agenda- 1. Dr Lisa Cameron, Scottish National Party MP 2. Ian Taylor, Head of digital assets at #KPMG UK 3. Katie Fortune, senior manager in the Bank of England's #CBDC unit 4. Andrew Griffith, Conservative MP and economic secretary to the Treasury 5 & 6. Ijeoma Okoli & Toby Norfolk-Thompson, Digital Economy Initiative 7. Sriram Krishnan, general partner at a16z crypto 8. Teana Baker-Taylor, head of regulatory strategy for EMEA at #Circle and non-executive director at CryptoUK 9. Victoria McLoughlin, interim head of market interventions, digital assets at #FCA

Meet the 9 power players shaping the UK's growing #crypto agenda-

1. Dr Lisa Cameron, Scottish National Party MP

2. Ian Taylor, Head of digital assets at #KPMG UK

3. Katie Fortune, senior manager in the Bank of England's #CBDC unit

4. Andrew Griffith, Conservative MP and economic secretary to the Treasury

5 & 6. Ijeoma Okoli & Toby Norfolk-Thompson, Digital Economy Initiative

7. Sriram Krishnan, general partner at a16z crypto

8. Teana Baker-Taylor, head of regulatory strategy for EMEA at #Circle and non-executive director at CryptoUK

9. Victoria McLoughlin, interim head of market interventions, digital assets at #FCA

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The recent #SEC scrutiny of Uniswap marks a critical juncture for the #DeFi sector, raising questions about regulatory compliance and innovation. While the SEC's focus on Uniswap threatens to stifle innovation, it also underscores the need for proactive engagement between DeFi projects and regulators to develop industry-specific standards. Moreover, the DeFi #ECOSYSTEM must address security vulnerabilities, such as recent exploits and hacks, by implementing robust security measures, including thorough audits and bug bounty programs. By navigating regulatory challenges and enhancing security protocols, the DeFi industry can realize its disruptive potential while ensuring participant protection and building public trust. Ultimately, the survival and success of DeFi depend on its ability to overcome these obstacles and uphold its core principles of inclusivity, autonomy, and transparency. #cryptoniteuae
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Renowned cryptocurrency analyst Ali Martinez remains optimistic about Dogecoin's future despite its recent price correction. Martinez, known for his insightful observations, believes that the current 47% price correction Dogecoin is experiencing is typical of its past cycles and could mark the beginning of the next meme coin boom. He emphasized on X, formerly Twitter, that Dogecoin's price fall is a normal precursor to significant bull runs. #Martinez 's positive outlook comes amidst a volatile period in the cryptocurrency market, where #Dogecoin and other major cryptocurrencies have been facing significant losses since the start of May. Despite a 15.65% decline over the past week and a 32.9% decline over the past month, Martinez remains confident in Dogecoin's potential for future growth. His forecasts are based on historical patterns, as Martinez has observed Dogecoin's tendency to replicate previous bull cycles. This suggests that despite temporary setbacks, persistence could ultimately pay off for Dogecoin investors. #TwitterX #ElonsMusk $DOGE
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Crypto bloodbath! Over $479 million liquidated as 140,000 traders face margin call nightmare. Bitcoin plunged 9% wiping out nearly half a billion dollars in longs. Will bulls recover or is this a deeper bear trend? #BullorBear #fomc #BTC #Memecoins
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#ShibaInu Slumps 10%: Short-Term Traders Blamed Shiba Inu ($SHIB ), the popular dog-themed crypto, has shed over 10% of its value in the past day. While it recovered slightly from steeper losses, analysts point to short-term traders as a key factor in the price swing. On-Chain Data Suggests Short-Term Focus Looking at on-chain data from IntoTheBlock, a clear trend emerges: investors seem more interested in quick profits. The "holding time of transacted coins" metric for #SHIB shows a concentration in the 2-week to 1-month range. This short holding period indicates that many SHIB holders bought during the March surge, aiming to cash in on the price hike. When the price dipped on April 30th, it likely triggered selling by these short-term traders, contributing to the price drop. March Surge Followed by Profit-Taking Earlier in March, SHIB skyrocketed to highs of $0.000045, followed by a predictable wave of profit-taking. The price managed to climb to $0.00003285 on March 28th, but buying pressure waned, leading to a steady decline. Wider Market Woes Play a Role While short-term traders undeniably impacted SHIB's price, the broader crypto market downturn shouldn't be ignored. Bitcoin, the industry leader, has been on a downward spiral, dropping nearly 9% on Wednesday in anticipation of the Federal Reserve's interest rate decision. This broader market weakness likely contributed to the selling pressure on SHIB. A Bullish Sign on the Horizon? Despite the recent slump, there's a potential silver lining for SHIB enthusiasts. #Crypto analyst Ali observes a bull flag forming on the SHIB daily chart. If confirmed, this technical pattern could signal a potential price increase in the future. #BullorBear #cryptoniteuae
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#UK cracks down on crypto crime with new powers for law enforcement. Police can now seize, freeze, and even destroy crypto assets linked to crimes. This aims to stop criminals from profiting #illegally and #terrorists from funding activities. The UK is especially concerned about privacy coins that offer high anonymity. These #regulations aim to curb illegal crypto use while supporting its legitimate economic potential. This follows a global trend with the recent arrest of the founders of a #Bitcoin mixer service in the US.
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