A turnkey platform that lets fintech businesses offer crypto investing to clients, Apex Crypto has brokered $12.5 billion in crypto trades since its inception. Bakkt has completed its acquisition of Apex Crypto LLC, the blockchain technology platform announced on April 3. In November, Bakkt stated it would pay $55 million in cash, along with stock worth an…
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The newly merged cryptocurrency trading platform has a total of 1.65 million registered users. Canadian-based companies WonderFi Technologies Inc, Coinsquare Ltd, and CoinSmart Financial Inc have announced their merger to create Canada’s largest regulated crypto asset trading platform with over 1.65 million registered users. The newly merged company will offer Canadians a wide range of…
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The American billionaire is being sued for $258 billion in a racketeering lawsuit alleging Musk ran a pyramid scheme to support Dogecoin. On Apr. 3, social media giant Twitter changed its icon to that of the symbol on the popular meme token Dogecoin (DOGE). Just two days prior, Elon Musk, CEO of Twitter and Tesla,…
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The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR)…
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Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License…
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Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court Considers Crypto Gains Taxable Under Current Law Profits…
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Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus to Maintain Its Crypto-Friendly Tax Regime for Another 2…
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The top 100 DeFi tokens had a mixed week, with little changes and a majority of the tokens trading in green. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The ongoing downturn in the crypto market hasn’t…
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The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023. Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary, marking…
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The rise of artificial intelligence, though in its early stages, has found use cases in crypto through countless projects. The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from…
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