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Indian Exchanges Volumes Slump Further Following Recent Crypto Tax

July 5, 2022 Uncategorized Eddy 0

In the wake of major Indian exchanges witnessing drastic drops in trading volume since the 30% tax on obtained revenues came into effect on April 1, the industry now encounters additional downward pressure following the introduction of another new tax that kicked in last Friday. Trading volume on large platforms has been down roughly 95% […]

Talking Fireblocks’ Massive Growth and Crypto Biggest Challenges: CEO Michael Shaulov (Exclusive Interview)

July 3, 2022 Crypto News, Editorials, Interviews, social Eddy 0

Fireblocks is one of the largest providers of custody infrastructure solutions in the cryptocurrency industry. The company was founded back in 2018 by Michael Shaulov, Pavel Berengoltz, and Idan Ofrat. In January this year, Fireblocks raised $550 million at a whopping valuation of $8 billion. From a small team of a few people at the […]

US Millennials Own More Crypto Than Mutual Funds: Survey

July 3, 2022 AA News, Crypto News, social, Survey, United States Eddy 0

According to a research conducted by the investing firm Alto, 40% of the American millennials (those aged 26-41) hold cryptocurrencies. Nearly the same share of people own individual stocks, the survey estimated. Millennials and Their Affinity for Crypto The poll further informed that more US millennials had distributed some of their wealth into crypto than […]

US and UK Set to Team Up Regulating Cryptocurrencies

July 3, 2022 AA News, CBDC, Crypto News, social, Stablecoins, United Kingdom, United States Eddy 0

Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming up to support safe innovation and strengthen regulatory outcomes for digital assets across jurisdictions. On Stablecoins According to the joint statement issued, top domestic watchdogs […]

Meta to Shut Down Digital Wallet Novi Less Than a Year After its Launch

July 3, 2022 Uncategorized Eddy 0

The Novi digital wallet will be shut down on September 1, announced the company behind the project – Meta (formerly Facebook). This comes after years of regulatory scrutiny and unsuccessful launch attempts. The initial idea, started in June 2019, saw several company executives setting up a digital wallet (called Libra at the time) that wanted […]

Ripple Launches $197,000 Hackathon for CBDC Interoperability and Financial Inclusion

July 2, 2022 Uncategorized Eddy 0

San Francisco-based enterprise blockchain provider Ripple has launched a central bank digital currency hackathon with a total prize pool of $197,000 to promote the development of solutions for retail CBDCs, financial inclusion, and interoperability. Ripple Launches CBDC Contest The event, dubbed CBDC Innovate, will allow developers to build applications that run on Ripple’s decentralized, open-source […]

3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals

July 2, 2022 AA News, Crypto News, social, Three Arrows Capital Eddy 0

A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the United States and is applicable for insolvency proceedings involving more than one country. According to Bloomberg, three representatives of the Singapore-based crypto hedge […]

DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull

July 2, 2022 AA News, Crypto News, Crypto Scams, nft, social, United States Eddy 0

The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam According to a release from the agency, Vietnamese national Le Anh Tuan, 26, pulled down the website and fled with investors’ money after the first-day public […]

Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market

July 1, 2022 AA News, Coinbase, Crypto News, social Eddy 0

The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region. Strengthening European Presence Nana Murugesan, Coinbase’s vice president of international and business development, revealed that the crypto company is targeting Italy, France, Spain, Switzerland, and the Netherlands to set […]

CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

July 1, 2022 AA News, CFTC, Crypto News, Crypto Scams, social, United States Eddy 0

The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth nearly $2 billion in BTC. Fraudulent Scheme Raked in $1.7 Billion in Bitcoin According to a press release on Thursday (June 30, 2022), the CFTC […]

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