India is reportedly working on a new way to regulate cryptocurrencies. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,” according to a report. How India Will Regulate Cryptocurrencies India is reportedly planning to regulate cryptocurrencies as commodities …
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Clients of BBVA Switzerland will be able to buy, store, and trade crypto assets with a digital account that comes with a cryptocurrency wallet. The new banking product will be available across the European Union as well as in a number of markets in South America. BBVA Switzerland Account Facilitates Cryptocurrency Investments The Swiss subsidiary …
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In reference to the unfolding SEC lawsuit, Ripple CEO Brad Garlinghouse doesn’t hold back in framing the case as farcical. Specifically, he referred to the upholding of impossible fair notice standards and due process. Rather ominously, he also suggests no one is safe, given that the SEC could be plotting enforcement against anyone next. “This …
Continue reading “Ripple (XRP) boss agrees the securities lawsuit has backfired on the SEC”
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not …
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Most European citizens reject the idea of a cryptocurrency regulation regime imposed by the European Union (EU) on its member states, according to a recent survey. Most surveyed citizens lean towards independent cryptocurrency regulation in each country, compared to 25% that approve an EU-imposed regulation. However, most of the citizens polled acknowledged they still don’t …
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A law project introduced in June in the National Congress of Brazil has jumped into the spotlight recently because it establishes a fixed period for the executive to start regulating cryptocurrency transactions. If approved, the proposal will establish the payment of taxes for cryptocurrency-based transactions. The project is being reviewed by the Chamber of Deputies …
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Several crypto projects, including Icon (ICX) and VeChain (VET), are rolling out features to accommodate vaccine passports. But Cardano will not be joining them in providing this technology. During a recent live stream, Input Output Global (IOG) CEO Charles Hoskinson echoed the misgivings of many people by saying he’s worried that vaccine passports may be …
Continue reading “Cardano (ADA) gives unequivocal no to vaccine passports for these reasons”
Inter Milan, Italy’s reigning soccer champion, has signed a partnership agreement with blockchain company Zytara Labs. The collaboration aims to provide users of the club’s mobile app with access to crypto products and allow Inter to create digital collectibles for fans around the world. Italy’s Inter Finds Sleeve Sponsor in the Crypto Industry The €85 …
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The list of regulators warning that Binance is illegally operating in their jurisdictions continues to grow. The authorities in Singapore and South Africa have become the latest to warn that the global cryptocurrency exchange may be in breach of their local laws. South Africa’s Financial Sector Conduct Authority Warns Against Binance The South African financial …
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Japanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurrencies. “I want people to hold it together with other assets and experience firsthand how useful it can be for diversifying portfolios,” said an executive of the company. SBI Holdings Launching Crypto Fund SBI Holdings Inc. has revealed its …
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Dfinity, the company behind the Internet Computer project, launched a non-fungible token (NFT) airdrop and saw each one of the 10,000 NFTs sold out in less than 30 minutes. According to an update posted by the company, the NFT collectibles called ICPunks were launched to test the blockchain and create demand for its products and …
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A new report from analysts at JP Morgan has revealed that the entire crypto market is beginning to look “frothy” after the market witnessed one of its best periods, especially as spot market trading volumes once again top $1 trillion. The JPMorgan report revealed that the value of assets in the crypto markets, especially those …
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Data shows that non-fungible token (NFT) assets continue to break record sales week after week as statistics show over $1 billion in NFT sales took place during the last week of August. Meanwhile, this week’s data shows $821 million in NFT sales have been settled so far, dropping a hair since the week prior. Weekly …
Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing Cryptoshares’ social media channels have similarly vanished. Unrealistic Cryptoshares Promises As …
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Bitcoin prices have improved a great deal in recent times and the network’s hashrate remains higher than it was 67 days ago when it tapped a low of 69 exahash on June 28. Today, statistics show Bitcoin’s hashrate has increased more than 92% since then and the network is due for another increased difficulty change …
