Recent failures of crypto issuers, exchanges and hedge funds are major motivators behind better crypto regulation. The past few years have seen crypto assets moved from being “niche products” to having more of a mainstream presence, prompting the need for more comprehensive regulation of the space, according to the International Monetary Fund (IMF). In a…
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The public has been provided with 25 days to share their opinion on the proposed legislation. Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if passed. In a press release, Assistant Treasurer Stephen Jones highlighted the Australian…
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Reddit’s launch of limited edition NFT avatars has led to a large premium on secondary sales on OpenSea. Sales of recently launched Reddit blockchain-based avatars are rising on nonfungible token (NFT) marketplace OpenSea, outperforming the platform’s proprietary store. Reddit, the “front page” of the internet, plugged into the burgeoning world of NFTs with the announcement…
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The National Unity Government is considering using the country’s frozen reserves as a backing for the digital currency. Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voices its own intention to launch one using frozen national funds. …
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NEPZA, the Nigerian government agency in charge of export processing zones, announced on Saturday that it is in talks with cryptocurrency exchange Binance to establish a “virtual free zone” dedicated to blockchain technology and the digital economy. The National Economic and Production Zones Authority (NEPZA) hopes that the end outcome will be comparable to Dubai’s…
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Ethereum Classic has pumped 26% in the last 24hrs as miners continue to make the switch from Ethereum ahead of The Merge. With Ethereum (ETH) switching from a Proof-of-Work to a Proof-of-Stake (PoS) consensus – scheduled for September 19 – there has been a marked increase in the network hashrate for Ethereum Classic (ETC), which…
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Bitcoin price is still struggling to clear the key USD 20,500 resistance zone. BTC is currently (04:00 UTC) trading below the USD 20,000 pivot zone. A clear move above USD 20,000 and USD 20,200 might start a decent increase. Besides, most major altcoins are attempting an upside break. ETH gained over 4% and there was…
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Tamadoge’s 5% burn rate on pet store transactions can potentially drive a significant increase in TAMA price. Tamadoge is rapidly approaching its $12 million goal. The meme coin has shown no signs of slowing down after hitting the beta phase of its pre-sale. At this point, it has reached the sixth major landmark. … Read More: Tamadoge 5%…
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ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000…. Read More: ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss Read more »Sign up for e-EUR –…
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Meta, the metaverse-focused social media company, is helping universities get their own virtual reality campuses online. The company will be opening 10 virtual campuses as part of its Immersive Learning project, which seeks to take education to virtual reality environments. In partnership with Victoryxr, an Iowa-based virtual reality education startup, Meta will invest $150 million…
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