Anthonia Isichei

153 posts
crypto gaming
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Major India Gaming Startup Reportedly Seeks Investment From FTX

FTX Could Make First Entry Into India According to a report by TechCrunch, MPL is seeking funds from new and existing investors, as the Bengaluru-based startup is reportedly planning to launch play-to-earn (P2E) and non-fungible token (NFT) enabled games before the end of 2022. The...
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Australian Retail Giant Plans To Accept Crypto Payments

Crypto Payment Across 170 OTR OutletsAccording to local news outlet The Advertiser on Monday (April 4, 2022), OTR will soon enable cryptocurrency payment in over 170 outlets across South Australia, Western Australia, and Victoria. This development means that motorists will be able to pay for...
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El Salvador Bets On Bitcoin Whales Investing In Its Volcano Bond

Bitcoin Bond Could See Demand from Crypto WhalesAccording to the Financial Times, Paolo Ardoino, the Chief Technology Officer of cryptocurrency derivatives exchange Bitfinex, revealed that users of the exchange have indicated “half a billion dollars” of interest in the bond. Back in November 2021, the...
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Multiple U.S. States Slam Voyager Digital With Cease And Desist Orders

Voyager Allegedly Selling Unregistered Securities Voyager Digital has come under the regulatory scrutiny of U.S. state securities divisions in New Jersey, Oklahoma, Kentucky, Washington, Texas, Alabama, Vermont, and Indiana for operating interest-bearing crypto accounts. According to state regulators, Voyager’s activities were in contravention of securities...
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Mt. Gox To Airdrop NFTs To Former Account Holders

The defunct cryptocurrency exchange Mt. Gox will give out non-fungible tokens (NFTs) to users who had accounts throughout the lifespan of the platform. The prospective NFT drop is not part of the civil rehabilitation process for creditors of the exchange. Mt. Gox Drops NFTs to...
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Malaysia Says Country Not Adopting Bitcoin As Legal Tender

Malaysia Refuses to Make Bitcoin Legal Tender Mohd Shahar Abdullah revealed in a parliamentary meeting that Malaysia is not planning on recognizing Bitcoin as a legal tender, according to Bloomberg. The Deputy Finance Minister said that Bitcoin had limitations such as price volatility and "exposure...
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Thailand Prohibits Use Of Crypto For Payments

Thai SEC Issues Crypto Payment BanIn an official press release, Thailand’s Securities and Exchange Commission (SEC) issued new rules that would ban the use of cryptocurrency as a payment method in Thailand, following similar steps already implemented by Turkey and Indonesia. According to the regulator,...
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Australian Regulator Sues Facebook

ACCC Takes Facebook to Task Over Fake Crypto AdsIn a press release on Friday (March 18, 2022), the Australian Competition and Consumer Commission (ACCC) alleged that adverts on Facebook which promoted crypto investment ventures, and featured famous Australians, were likely misleading users into believing that...
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EU Regulatory Authorities Issue Crypto Warning

A group of European Union financial regulators has warned consumers against the risky nature of cryptocurrencies, adding that they could lose all their money if they make crypto investments. Retail Consumers Could Lose Their Money in Crypto InvestmentsThe warning published on Thursday (March 17, 2022),...
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South Korean President-Elect To Make Country A Crypto Hub

Suk-yeol Promises Better Crypto PoliciesYoon Suk-yeol of the conservative People Power Party (PPP), South Korea's main opposition party, emerged as the President-elect of the country by a close margin against rival Lee Jae-myung of the ruling Democratic Party. During one of the campaigns, Suk-yeol made...
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FTX Plans To Set Up Regional Headquarters In Dubai

Major cryptocurrency exchange FTX, recently received a virtual asset license from Dubai regulatory authorities. The platform is also planning to establish its regional headquarters in Dubai. FTX Gets Dubai Virtual Asset LicenseFTX continues its expansion into the Middle East, with the platform's European division, FTX...
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Sequoia Capital Bets On Magic Eden Over OpenSea

Leading venture capital firm Sequoia Capital participated in a funding round by NFT marketplace Magic Eden. The VC firm stated that Magic Eden utilizes a better blockchain for NFTs compared to OpenSea, the Ethereum-based NFT marketplace giant. Magic Eden Raises $27 MillionThe Solana-based NFT marketplace,...
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FCA Orders Closure Of Crypto ATMs In UK

Crypto ATMs Operating Illegally in the UKThe FCA recently issued a warning against crypto ATMs operating in the United Kingdom. According to a press release, operators looking to offer crypto ATM services have to register with the FCA and comply with money laundering regulations. At...
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Dubai Unveils New Crypto Legal Framework

A Virtual Assets Law to Protect InvestorsSheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, the country's Minister of Defense, and also Dubai's Ruler, announced the approval of the Dubai Virtual Asset Regulation Law. The new law was created...
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Justin Sun Rejects Defamatory Accusations

Tron Founder Accused of Several Illegal OperationsAn article by The Verge, published on Wednesday (March 9, 2022), written by Christopher Harland-Dunaway, alleged that Sun was possibly involved in a litany of illegal activities. The reporter stated that he received information about the crypto entrepreneur's operations...
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Binance Launches New Fiat-to-Crypto Payments Subsidiary

Binance Unveils BifinityBinance announced the news of the launch in an official press release on Monday (March 7, 2022), which was established in 2021. The cryptocurrency exchange giant said that merchants will be able to seamlessly integrate Bifinity's application programming interface (API) to enable their...
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HIVE To Purchase Intel's Mining Chip To Scale Up Hashrate

HIVE Looking to Nearly Double Aggregate Bitcoin Mining HashrateHive announced the news of the deal in a press release on Monday (March 7, 2022). According to the announcement, the company also struck a manufacturing agreement with an ODM (original design manufacturer) to incorporate Intel's chips...
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FCA Investigated 300 Probes Related To Crypto Businesses In 2021

50 Crypto Businesses Under Investigation In a press release published on Thursday (March 3, 2022), the Financial Conduct Authority (FCA) revealed that the agency received 16,400 inquiries concerning possible scams between April and September 2021. The most common type of scams included boiler rooms, cryptocurrency...
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Swiss City Plans To Make Bitcoin And USDT Legal Tender

Bitcoin and Stablecoins for Payment of Tax, Goods and Services In a bid to establish itself as a major hub for blockchain in Europe, Lugano is looking to encourage widespread cryptocurrency adoption across the city through an initiative called Plan B. According to a press...
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UK Advertising Regulator Bans Floki Crypto Ad

ASA Classifies Floki Inu Campaign as IrresponsibleThe Advertising Standards Authority (ASA) published its ruling on the Floki Inu (FLOKI) ad campaign on Wednesday (March 2, 2022). According to the ASA, the crypto ad was labeled irresponsible for two reasons. One was that the campaign exploited...
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FC Barcelona Planning To Launch Own Crypto Token

Barcelona Considering Crypto, NFT, and MetaverseAccording to ESPN on Tuesday (March 1, 2022), FC Barcelona president Joan Laporta, revealed the club's plans while speaking at the Mobile World Congress (MWC) in Barcelona. Laporta said that the Spanish club made the decision to "survive financially", with...
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UAE Youngsters To Get Crypto And Blockchain Internships

Web3 Internship for Emirati HighSchoolersAccording to a report by The National, Crimson Education is providing training for Emirati pupils between 13 and 20 years of age in crypto and AI, in order to equip them for employment in emerging technology at multinational firms. Crimson Education...
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Ukraine Calls On Crypto Exchanges To Block Russian Users

Ukraine Seeks to Cut Off Crypto Access for Russians and BelarusiansThe Ukrainian official called for the widespread restrictions in a statement via Twitter on February 27, following Russia's invasion of Ukraine a few days earlier. According to Fedorov "It's crucial to freeze not only the...
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BitMEX Co-Founders Fined $10 Million Each

Prosecutors Label BitMEX a Money Laundering ExchangeAccording to a press release by the United States Department of Justice (DOJ) on Thursday (February 24, 2022), Hayes and Delo violated the BSA by "willfully failing to establish, implement, and maintain an anti-money laundering (AML) program at BitMEX."...
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Infamous 2016 DAO Hacker Reportedly Unmasked

Major Revelations in Shin’s BookJournalist Laura Shin, in a Forbes article published on Tuesday, February 22, 2022, identified Toby Hoenisch, an Austrian programmer, who is co-founder and CEO of crypto debit card company TenX, as the hacker behind the infamous 2016 DAO hack. (Hoenisch’s company...
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Maker Vault Owner Stands To Lose Nearly $500 Million

$500 Million in ETH Could be Wiped OffAccording to data by Block Analytical, a Maker Vault holder dubbed "7 Siblings", could see their positions liquidated, causing a colossal loss worth nearly $500 million in ETH if they do not top up their vault. Ethereum, the...
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Grayscale Curries Public Favor For Spot Bitcoin ETF

Public Comments for Spot Bitcoin ETF ApplicationIn a tweet thread by Grayscale on Tuesday (February 22, 2022), CEO Michael Sonnenshein announced the launch of an advocacy campaign soliciting investors in the United States to convince the SEC of the importance of having a spot Bitcoin...
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U.S. Lawmaker Proposes Bill For Stablecoin

Bill Accommodates both Bank and Non-bank IssuersRep. Gotthiemer’s bill, called the “Stablecoin Innovation and Protection Act of 2022,” defines stablecoins as “qualified” when they are 100% backed by the United States dollar and can be redeemed on a one-on-one basis. These qualified stablecoins can be...
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India: RBI Official Says Crypto Is Worse Than Ponzi Scheme

RBI Maintains Negative Crypto RhetoricAccording to a report by Bloomberg, Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), made the inflammatory statement while speaking at a banking conference. Sankar further criticized cryptocurrencies, stating that trading them could "wreck the currency system, the...
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UK Authorities Carry Out First-Ever NFT Seizure

NFTs Linked to Tax Evasion CaseAccording to the BBC, Her Majesty's Revenue and Customs (HMRC) arrested the suspects on suspicions that they were trying to avoid paying value-added tax (VAT) worth £1.4 million ($1.89 million). The suspects allegedly used what the HMRC called "sophisticated methods"...
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Ethical Hackers Help Recover Lost Bitcoin

Hackers Crack Wallet to Find $175,000 Worth of BitcoinRhonda Kampert, a US citizen in Illinois, was an early investor in cryptocurrency. Back in 2013, Kampert bought six BTC at the rate of $80 each after hearing about Bitcoin and cryptocurrency during a radio talk show....
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FTX Acquires Liquid Exchange And Its Subsidiaries

Servicing Japanese CustomersThe news of the acquisition was announced via a press release on Wednesday, February 2. In addition to Liquid, FTX also acquired the exchange's subsidiaries, including Quoine. Quione became one of the first cryptocurrency exchanges to obtain a license from Japan's Financial Services...
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Binance Places Restrictions On 281 Nigerian Crypto Accounts

Binance CEO Says User Security is PriorityIn a letter to Nigerian Binance users, the company’s CEO Changpeng “CZ” Zhao said that the platform restricted the accounts of several users in the country in compliance with international anti money-laundering rules (AML). The Binance CEO revealed that...
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Diem Association Reportedly Sells Assets For $200 Million

Possible End of the Road for Meta's Stablecoin ProjectAccording to the Wall Street Journal, an anonymous source revealed that Diem Association sold its technology to Silvergate Capital, a California-based bank that services the crypto industry. The deal is said to be worth $200 million. There...
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Bitcoin Price Dip Shaves Off $7 Billion From Balance Sheets

Bitcoin Price Crash Affects Big Money HoldersBack in November 2021, the price of Bitcoin surged to an all-time high (ATH) of about $69,000. However, BTC (the biggest cryptocurrency by market capitalization) plunged later in January 2021 to around $33,000, the lowest level on record since...
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Nepal’s Banking Institutions: “Crypto Is Illegal”

Nepal’s Banking Body Issues Crypto Ban NoticeAccording to The Himalayan, the Nepal Bankers’ Association recently issued a notice stating that individuals were prohibited from indulging in cryptocurrency activities. The notice covers Nepalis and foreigners living in Nepal, as well as Nepalis living abroad. An excerpt...
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IMF Sends Fresh Warning To El Salvador Over Bitcoin Adoption

IMF Still Not Sold on El Salvador’s Bitcoin AdoptionThe executive board of the IMF published a report on Tuesday (January 25, 2022) following the recently concluded Article IV consultation with El Salvador. While the report noted the country's effective management of the COVID-19 pandemic and...
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Kazakhstan Cuts Off Power Supply For Bitcoin Miners

Kazakhstan Bitcoin Miners Cannot Access ElectricitySince early January, Kazakhstan has been experiencing serious unrest, initially fomented via protests against a hike in gas prices. Since that time, the situation has become worse, leading to the deaths of several protesters. The current climate of unrest in...
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Reuters: Binance Practiced Poor KYC

Binance Reportedly Ignored Warnings About Weak KYC Binance often made headlines in 2021–not all of them were positive. Regulators in different countries issued warnings against the cryptocurrency exchange giant and its affiliates, stating that the firm was not licensed to operate in their jurisdictions. From...
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Russia's Central Bank Calls For Blanket Ban On Crypto

Crypto Threatens Financial StabilityAccording to Reuters on Thursday (January 20, 2021), Russia's central bank in a report, has stated that cryptocurrency was highly volatile and is mostly used for fraud and other illegal activities. The apex bank also noted that crypto posed a risk to...
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Intel Sets To Reveal New Bitcoin Mining Chip In February

Intel Looks to Enter Bitcoin Mining MarketAccording to a report by Tom's Hardware, Intel would unveil its new Bonanza Mine processor, an "ultra-low-voltage energy-efficient Bitcoin mining ASIC" at the International Solid-State Circuits Conference (ISSCC) on February 23, 2022. Application-Specific Integrated Circuit, otherwise known as ASIC,...
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Singapore Issues Warning Against Public Crypto Advertising

MAS Bans Crypto Services Promotion in PublicAccording to new guidelines published on Monday (January 17, 2022), the MAS said that digital payment token (DPT) providers were prohibited from marketing their services targeting the Singaporean public. The financial regulator stated that cryptocurrency firms should not advertise...
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WTF Token Airdrop Event Leaves Bitter Taste For Users

Token Airdrop Gone WrongFees.wft is a platform which enables an individual to check how much they have spent on gas fees on the Ethereum blockchain. The service also shows the number of failed transactions, and the cost of such transactions. Meanwhile, on the evening of...
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SEBA CEO Predicts Bitcoin Price To Reach $75,000 In 2022

Institutions Could Drive Bitcoin Price to $75,000 Speaking to CNBC during a cryptocurrency conference held in St. Moritz, Switzerland, on Wednesday (January 12, 2022), the SEBA CEO predicted that the price of bitcoin could reach $75,000 before the end of the year. A statement from...
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Pakistan Central Bank Seeks To Ban Cryptocurrency

Central Bank Says Crypto is IllegalAccording to local media outlet SAMAA, a report submitted to Pakistan’s provincial court, Sindh High Court (SHC) has called for a ban on cryptocurrency. The 38-page report was submitted by the deputy governor of the SBP, Seema Kamil, to the...
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Indonesian Man Sells NFTs Of His Personal Photos

NFT Collection Now Worth Millions of DollarsGhozali Ghozalu began taking daily selfies from when he was 18 years old in 2017 to 22 years old in 2021. The Indonesian later went ahead to create an NFT collection on OpenSea called "Ghozali Everyday." According to a...
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FTC Issues Warning Against Scams Involving Crypto ATMs

Crypto Investors Should Beware of ImpersonatorsAccording to a blog post, the FTC noted that there were scammers who have devised a method to deceive people into parting with their cryptocurrency assets. The agency stated that the scam tactics comprised an impersonator, a QR coded, and...
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Binance CEO Changpeng Zhao Is The Richest Person In Crypto

CZ is a Bona Fide Crypto MogulAccording to a Bloomberg report, Zhao's worth is about $96 billion, as estimated by the Bloomberg Billionaire Index. Meanwhile, CZ's worth could be much higher, considering that the Binance CEO's personal crypto holdings were not taken into account. Zhao's...
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Crypto.com To Debut A Crypto Ad At The Super Bowl In 2022

Crypto.com Purchases Super Bowl CommercialAccording to the Wall Street Journal, Crypto.com recently bought a spot for a Super Bowl commercial. The report noted that Super Bowl advertisements cost over $5 million for 30 seconds, with some sponsors seeking as much as $6.5 million for the...
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Gemini Seeks New APAC Head For Singapore Regional Headquarters

Gemini Looking to Hire New APAC LeadAnonymous sources familiar with the matter revealed Ng's departure from the APAC region of the U.S.-based cryptocurrency exchange and custodian. However, there are no reasons why Ng left his position, with no official statement yet from Gemini or the...
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Thailand Central Bank Working Towards Developing Crypto Regulations

Proposed Regulation to Prohibit Crypto PaymentsAccording to Bloomberg on Tuesday (Dec. 14, 2021), BoT Governor Sethaput Suthiwartnarueput during an interview said that the central bank will issue a consultation paper on "Financial Landscape" by January 2022. The consultation paper is seeking a consensus for what...
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BBVA Switzerland Crypto Services Now Includes Ether

Bitcoin and Ether Available to CustomersBBVA Switzerland announced the news via a press release on Monday (Dec. 13, 2021). According to the announcement, the move made BBVA Switzerland the "first traditional bank in Europe" to include ETH in its services. With the latest development, private...
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UAE Sovereign Wealth Fund Giant Interested In Crypto Ecosystem

Mubadala CEO Not a Crypto SkepticIn a CNBC interview released on Monday (Dec. 13, 2021), Khaldoon Al Mubarak said that the company was investing in the cryptocurrency ecosystem, but did not give further details about the amount that the sovereign wealth fund was allocated for...
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Australian Central Bank Not Compelled To Launch CBDC

Australia Not Ready to Issue Digital Australian DollarAccording to Reuters, RBA governor Philip Lowe while giving a speech on Thursday (Dec. 9, 2021), said that there is yet to be a "strong public policy case" for Australia to develop a retail CBDC, given the country's...
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OpenSea Appoints Former Lyft Executive As New CFO

First CFO at OpenSeaAccording to Bloomberg, Roberts said that the growth of Web3, and particularly the NFT marketplace, made it easier to join the company. The new OpenSea CFO said: "I haven’t been this excited about something in a very long time. It reminds me...
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Visa Establishes Crypto Consulting Service For Banks And Retailers

An Advisory Service to Aid Better Understanding of CryptoAccording to a press release, published on Wednesday (Dec. 8, 2021), Visa announced the establishment of a Global Crypto Advisory Practice, an arm of its Visa Consulting Analytics (VCA). The new cryptocurrency advisory service seeks to aid...
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BitMart CEO Pledges To Compensate Victims Affected By Nearly $200 Hack

BitMart Loses $196 Million BitMart suffered a security breach on Sunday (Dec. 5, 2021), with hackers stealing close to $200 million from the platform. Investigation revealed that hot wallets on the Ethereum Binance Smart Chain (BSC) blockchains were both compromised. Blockchain security company PeckShield, was...
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India Government Planning To Regulate And Not Ban Crypto

India Not Banning CryptoAccording to local news outlet NDTV on Thursday (Dec. 2, 2021), a cabinet note being circulated by the Indian government as seen by the news outlet revealed that there was a suggestion to regulate private cryptocurrencies rather than ban them. The latest...
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Fidelity Investment Officially Launches Spot Bitcoin ETF In Canada

Fidelity's Spot Bitcoin ETF Debuts Trading in CanadaFidelity Investments Canada made history as the largest asset manager to launch a bitcoin ETF, as well as a mutual fund. The Fidelity Advantage Bitcoin ETF and the Fidelity Advantage Bitcoin ETF Fund officially launched in Canada on...
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Huobi Chooses Singapore As Its New Regional Headquarters

Huobi Chooses Singapore, Plans Further Expansion to Europe in 2023The news was revealed by Huobi's co-founder Du Jun, according to a report by Bloomberg on Tuesday (Nov. 30, 2021). Jun noted that Southeast Asia was an attractive market for cryptocurrency businesses due to the fact...
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Indonesia Central Bank Plans To Use CBDC To Fight Cryptocurrency

Fighting Crypto With CBDCAccording to Bloomberg on Tuesday (Nov. 30, 2021), the assistant governor of the Indonesia central bank Juda Agung, made the statement during a parliamentary hearing. According to Agung: “A CBDC would be one of the tools to fight crypto. We assume that...
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MicroStrategy Makes Fresh Bitcoin Purchase Worth Over $414 Million

MicroStrategy Buys 7,002 BTCMicroStrategy founder and CEO Michael Saylor, announced the news of the latest BTC purchase via Twitter on Monday (Nov. 29, 2021). According to Saylor's tweet, the company bought 7,002 bitcoin, which was purchased at an average price of $59,187 per coin. MicroStrategy...
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USDC Stablecoin Issuer Circle Served A Subpoena By The US SEC

Circle Cooperating With SEC InvestigationIn a regulatory filing on Monday (October 2, 2021), Circle revealed that it was subpoenaed by the SEC back in July. Meanwhile, the company initially disclosed that it was under investigation by the US regulatory agency in a filing back in...
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Thailand Tourism Agency Urged To Embrace Crypto To Boost Country's GDP

Crypto Holders Could Improve Thailand's EconomyAccording to the local media outlet,Bangkok Post Srupsrisopa made the statement while speaking at a seminar called Transform Tourism with Cryptourism on November 23. The Bitkub CEO stated that the over $2.8 trillion cryptocurrency market was worth nearly six times...
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EU Council Moves Forward With Landmark Crypto Regulatory Framework

Crypto Regulations Coming to the EUThe Council of the EU announced the news on its website on Wednesday (Nov. 24, 2021). According to the publication, the two proposals adopted include the Regulation on Markets in Crypto Assets (MiCA) and the Digital Operational Resilience Act(DORA). Both...