On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting …
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The Bank of Ghana (BOG) says it has signed an agreement with Giesecke Devrient (GD) to implement a pilot central bank digital currency (CBDC) project. This pilot CBDC, which is a precursor to the e-cedi digital currency, is set to be tested with banks, payment service providers, merchants, consumers and other relevant stakeholders. Learning From …
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Non-fungible tokens (NFTs) have gained popularity over the last two months, according to DappRadar, a data acquisition and analysis company that tracks decentralized applications (dapps) across multiple blockchains, which attracted more than 500,000 users during July 2021. The company’s blockchain user behavior report revealed that 85% of DappRadar’s decentralized finance (DeFi) users have interacted with …
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Thai SEC orders exchanges to delist Dogecoin, Shiba Inu, NFTs, and ‘fan’ tokens The Thailand Securities and Exchange Commission (SEC), the nation’s capital markets watchdog, banned the trading of memecoins like Dogecoin and Shiba Inu, non-fungible tokens (NFTs), and other unclear assets over the weekend. 2 min read → Go to Source
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms …
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A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional …
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sponsored Broxus, a leading developer of the FreeTON project, has unveiled the second version of their FreeTON DEX, TON Swap. The update consists of a reworking of existing features, an expansion of functionality and available information and the addition of key new features. The FreeTON project has been busy this summer, expanding the offerings it …
It’s widely known that there will only ever be 21 million Bitcoin in existence. So what happens when all the Bitcoin has been mined? This is a hotly contested topic within the cryptocurrency community and one with no affirmative answers. But what is known for sure is that miners, who secure the network, will have …
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Barely a week after implementing one of its cardinal upgrades, the Ethereum (ETH) network has burned over $100 million in fees. More than 32,000 Ethereum burned and forever removed from circulation contributed to the crypto’s last week’s rally. Why is Ethereum on fire The long-anticipated London hard fork, which included the EIP-1559 upgrade, a reductive …
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The team behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing in order to hire more help and monitor other blockchains. Crypto Metrics Provider …
Over three years ago, a Netherlands native made headlines when he told the world he and his minimalist family sold everything for bitcoin. At that time, Didi Taihuttu and his family sold their home, valuables, and vehicles in order to accumulate the digital asset. Taihuttu recently discussed how things have been after three years, explaining …
U.S. Representative Anna Eshoo has asked House Speaker Nancy Pelosi to amend the crypto provision in the $1.2 trillion infrastructure bill that the Senate passed this week. She urged the House to adopt the bipartisan amendment supported by the Treasury Department that provides a solution. Rep. Eshoo Asks Pelosi to Amend ‘Harmful Language’ on Crypto …
A strong performance from Cardano this week puts its year-to-date gains at just under +1,000%. Analysts attribute this to the anticipation of the Alonzo upgrade, which will bring smart contract functionality to the blockchain. This comes as Input-Output Global CEO Charles Hoskinson continues to sound the alarm on Tether, calling the fiction of its 1:1 …
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Charles Hoskinson, the founder of the Cardano (ADA) protocol and Input Output Hong Kong (IOHK) CEO revealed the company’s progress in Ethiopia, where one of the world’s biggest blockchain projects keeps unraveling. The blockchain research and engineering company behind the fifth largest crypto by market value is working with Ethiopia’s Ministry of Education on developing …
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