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Binance to reimburse users $1M for Cyber Earn incident

• by admin
• September 12, 2023

Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue. News Crypto exchange Binance is refunding users 1 million USDT USDT $1.00 ($1 million) over its handling of the CyberConnect (CYBER) token incident. As described by the exchange on Sept. 7, a price discrepancy on listed CYBER […]

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Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

• by admin
• September 11, 2023

This week’s Crypto Biz explores Coinbase’s lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy. Newsletter Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, […]

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France launches a certificate for ‘finfluencers,’ including crypto

• by admin
• September 11, 2023

The country has introduced a non-obligatory Responsible Influence Certificate for those promoting crypto. Amid the current pressure on so-called “finfluencers,” who promote investment products in their blogs, France is taking a step toward outright licensing them. The country has introduced a non-obligatory Responsible Influence Certificate. As revealed on Sept. 7, two French regulatory agencies, the […]

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Crypto collapses generate hundreds of millions of dollars for lawyers

• by admin
• September 11, 2023

Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said. News The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers. Lawyers, accountants, consultants, analysts and other professionals have collected at least […]

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Coinbase launches crypto lending platform for US institutions

• by admin
• September 11, 2023

Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted the issuance of new loans in May. News Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market. Coinbasehas launched an institutional-grade […]

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How to track and report crypto transactions for tax purposes

• by admin
• September 7, 2023

Crypto assets are subject to tax and must be tracked and reported to the IRS. This comprehensive tax guide contains everything you need to know. As cryptocurrencies and blockchain assets continue to grow in popularity and mainstream adoption, the United States Internal Revenue Service has taken an increasing interest in their taxation.  In the U.S., […]

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Revolutionizing social networks with Web3: Phaver and Cyberconnect AMA

• by admin
• September 6, 2023

User ownership and control are among the cornerstones of Web3. SocialFi reinforces this approach with projects that attract users with innovative features. CEO & co-founder of Phaver Joonatan Lintala and head of marketing at Cyberconnect Abhi Raheja discussed the innovations of their projects and aspects of SocialFi during the recent Cointelegraph live AMA show. Here […]

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Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

• by admin
• September 6, 2023

“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund says in a new report.  exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research.  In a Sept. 5 market report, K33 senior analyst Vetle […]

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Crypto community reacts to Biden’s proposed crypto tax reporting rules

• by admin
• August 27, 2023

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States. NEWS Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States President Joe Biden.  On Aug. 25, to catch crypto users avoiding taxes, the Internal Revenue […]

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Crypto Stories: eToro co-founder Yoni Assia’s life in finance led him to adopt crypto early

• by admin
• August 20, 2023

Yoni Assia wanted to make trading accessible to “normal” people, and Vitalik Buterin helped him design the platform. VIDEO Yoni Assia, co-founder and CEO of eToro, entered the finance industry early. After receiving stock as a bar mitzvah gift, he became a successful trader while still in high school. Those profits largely disappeared as the […]