Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russians Buy More Hardware Crypto Wallets, Market Players Say Russian crypto users have…
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US-based crypto platform Voyager Digital said it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code as it seeks to implement its reorganization plan and “maximize value for all stakeholders.” Chapter 11 generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan…
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Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that prompted the price of stablecoins in the country to rise by…
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Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other…
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The Spanish police force has announced that it will invest in tech platforms that will help officers catch drug traffickers who make use of cryptoassets. According to El Español, officers who patrol the Strait of Gibraltar – the waters that wash Morocco, Spain, and Gibraltar – have spent almost USD 115,000 on two blockchain analysis…
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Crypto industry insiders have hit back at the Spanish government’s latest plans for the sector: A fresh effort to make citizens who hold coins on overseas platforms declare their holdings…. Read More: Spanish Crypto Holders to Be ‘Burdened’ with Fresh Crypto Declaration Rules Read more »Pay, Trade, Buy Bitcoin with Credit Card
The firm is reportedly seeking a new funding round that would infuse with more cash at a 50% lower valuation than one year ago. On Tuesday, special purpose acquisition company (SPAC) FinTech Acquisition Corp. V announced that it terminated its purposed takeover of Israeli cryptocurrency exchange eToro via a bilateral agreement. In explaining the decision,…
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Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer. US Extradition Continues to Haunt BTC-e’s Alexander Vinnik The alleged…
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The crypto market saw modestly higher prices on Monday, despite warnings from analysts and institutional investors that the market could fall further as contagion from recent insolvencies continues to spread. As of Monday at 16:17 UTC, bitcoin (BTC) traded at USD 19,819, up 4% for the past 24 hours but down 7% for the past…
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Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains.
Tax Authority in Romania Verifies…
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