Alexander Vinnik Serves Prison Term in France but No Freedom in Sight

July 5, 2022 Alexander Vinnik, American, Appeal, Case, court, crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, Decision, Exchange, extradition, France, french, Greece, Greek, News, russian, U.S., United States, vinnik Eddy 0

Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer. US Extradition Continues to Haunt BTC-e’s Alexander Vinnik The alleged […]

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Jed McCaleb’s Ripple Stash Down to 81 Million — Co-Founder’s XRP Cache Likely to Dry Up This Year

July 3, 2022 Altcoins, billionaire, Cryptocurrency, Jed McCaleb, Lawsuit, Ripple, Ripple Labs, Ripple XRP, SEC, SEC Case, Tacostand, Tacostand Wallet, Valentine’s Day, XRP, Xrp (XRP), XRP sales, XRP stash, xrpscan.com Eddy 0

After selling billions of xrp tokens since 2014, the former Ripple Labs executive Jed McCaleb only has 81.53 million xrp left to sell. In mid-February 2021, it was expected that McCaleb’s stash would run dry that year in May. However, the selling took much longer, but today’s data shows there’s only $26 million worth left. […]

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Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen

July 3, 2022 $8.7 million, attacker, Crema Finance, crypto, crypto assets, Cryptocurrency, DeFi, Defi hack, exploit, News, Ottersec, SOL, Solana, Solana (SOL), Solana liquidity protocol, Solana Network, Solanafm, Solend Eddy 0

According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker […]

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Tax Agency Starts Checking Crypto Traders in Romania

July 3, 2022 crypto, Cryptocurrencies, Cryptocurrency, declarations, EU, Europe, European Union, evasion, fraud, inspectors, obligations, reporting, romania, Romanian, Tax, Tax agency, tax authority, tax returns, Taxation, Taxes Eddy 0

Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains. Tax Authority in Romania Verifies […]

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EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

July 2, 2022 agreement, Compromise, crypto, crypto assets, Crypto markets, Cryptocurrencies, Cryptocurrency, Deal, EU, Europe, european, European Union, framework, law, legislation, MiCA, NFTs, Regulation, Regulations, rules, Stablecoins, Tokens Eddy 0

Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European officials agreed to adopt a set of anti-money laundering rules for cryptocurrency transactions. […]

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Uzbekistan Presents Registration Requirements for Cryptocurrency Miners

June 29, 2022 Uncategorized Eddy 0

Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations for Crypto Mining Sector Entities involved in cryptocurrency mining will need […]

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Russian Parliament Adopts Tax Rules for Digital Assets

June 29, 2022 Adoption, bill, crypto, Cryptocurrencies, Cryptocurrency, draft law, law, lawmakers, legislation, parliament, Regulations, rules, Russia, russian, state duma, Tax, Taxation, Taxes Eddy 0

Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian […]

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Book by Nigerian Author Reminds New Adopters Why Bitcoin Was Created

June 28, 2022 Bitcoin, BTC, Cryptocurrency, Featured, Millennials, Nathaniel Luz, Satoshi Nakamoto Eddy 0

Nigerian author and crypto advocate Nathaniel Luz has said his recently published book represents his attempt to remind people of the initial reason why bitcoin was created. He said bitcoin is the summation of over three decades of research and experimentation. Noise of Other Cryptos Drowning Out Message of Bitcoin A Nigerian author and crypto […]

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Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations

June 28, 2022 Charity, crypto, Crypto lender, crypto platform, Cryptocurrencies, Cryptocurrency, donations, Embezzlement, foundation, Funds, Helpkarma, lender, money, News, Nexo, platform, thread, tweet, Tweets, Twitter Eddy 0

A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius. Anonymous Allegations Against Co-Founders Circulated on Social Media A Twitter user going […]

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Mining Ban Sparks Negative Reactions From Iran’s Crypto Community

June 27, 2022 ban, crypto, crypto community, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, deficit, Electricity, Iran, Iranian, Miners, Mining, power, reactions, restrictions, shortages Eddy 0

The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months. Restrictions on Crypto Mining Are Ousting Iran From Global Coin Minting Industry, Critics Say After last year crypto miners […]

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