Category: cryptocurrencies

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Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

March 26, 2022

Certain Coinbase users will need to disclose recipient information when sending cryptocurrencies to non-Coinbase wallets. Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan.  Effective from April 1, Coinbase users from Canada, Singapore and Japan will be required to provide additional information…
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Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022

Recent geopolitical developments have upended the ethics and self-image of crypto. What does that mean for its future? Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift” Davis was referring to had nothing to do with…
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White House office seeks public opinion on crypto-climate implications

March 26, 2022

Following up on a recent executive order signed by President Joe Biden, the OSTP reached out to the general public to identify the energy and climate implications related to digital assets. The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, commenced a study to identify the…
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Ethereum price hits $3.2K as anticipation builds ahead of the ‘Merge’

March 25, 2022

ETH price made a clear trend change and aims for the $3,800 level after traders’ anticipation of the upcoming Merge lures the bulls back to the market. The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the Ethereum “merge” on the Kiln testnet…
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Crypto tax policy framework passes India’s parliament despite pushback from lawmakers

March 25, 2022

Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1. A tax framework on cryptocurrencies introduced by India’s Finance Minister Nirmala Sitharaman will become law in the country after being passed as an amendment to the…
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Report: Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies

March 25, 2022

The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading Beneficial to a Few The governor of the Central Bank of Kenya (CBK), Patrick…
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Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation

March 25, 2022

On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin…
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Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch

March 24, 2022

AXS and RON price are turning bullish as excitement builds for the launch of Axie Infinity: Origin. Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner…
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Exxon Mobil is using excess natural gas to power crypto mining: Report

March 24, 2022

The oil and gas giant launched the pilot program in January 2021 and is now reportedly considering expanding it to Nigeria, Argentina, Guyana, and Germany. United States-based energy producer Exxon Mobil has reportedly been running a pilot program aimed at using the energy from excess gas to power crypto mining rigs — and it may…
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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million

March 24, 2022

Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security…
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