Wallets
Wallets

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

The U.S. House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the internet and regulatory challenges. NEWS The United States House of Representatives Energy and Commerce Committee’s Subcommittee on Innovation, Data and Commerce gathered to discuss blockchain technology and the future of Web3 on June 7. Crypto industry members, including Polygon Labs president Ryan Wyatt […]

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Nigeria to tax crypto, digital assets 10% on capital gains — Experts react

The legislation aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets. NEWS On the eve of his departure from office on May 28, former Nigerian President Muhammadu Buhari signed the Finance Act, 2023, into law.  The act introduces a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions […]

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Smart-contract platform partners with cryptocurrency ATM company for better crypto accessibility

Cryptocurrencies, especially altcoins that aren’t sitting in the top 10 by market cap, still aren’t easily accessible to the public, leading to the emergence of new cryptocurrency ATMs. SPOTLIGHT Although cryptocurrencies are gaining public attention, whether it’s the European Union finalizing its Markets in Crypto-Assets (MiCA) regulation or memecoins rallying for 3,000% gains, one major concern remains: they […]

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EU needs further efforts to implement crypto regulations: Btc. x CEO

The CEO of Btc. x mentioned the possibility of governments deeming the MiCA framework inadequate, leading to a two-sided power dynamic. NEWS Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more […]

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FTX authorized to ‘permanently redact’ names of individual customers: Report

The names of FTX’s individual customers will not be revealed to the public in an effort to protect them from potential scams and identity theft. NEWS Bankrupt cryptocurrency exchange FTX has reportedly been granted permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed […]

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Hong Kong legislator invites Coinbase to the region despite SEC scrutiny

Hong Kong fosters a favorable environment for industry growth with its proactive regulation and dedication to becoming a digital hub. NEWS Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region. Legislative Council member Johnny Ng took to Twitter to express support and assistance to “all […]

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Circle is latest recipient of Major Payment Institution license in Singapore

The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com. NEWS Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the […]

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El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

Volcano Energy said the funds would go toward developing a 241-megawatt power generation park. NEWS A public-private partnership in El Salvador pledging to pump $1 billion into creating a Bitcoin  BTC $26,755  mining farm has received its first $250 million. This first release of funds kickstarts a 241-megawatt (MW) power generation park in the country’s […]

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Tether invests in El Salvador’s $1B renewable energy project

El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether. NEWS Stablecoin issuer Tether has announced that it will be partnering with Bitcoin-friendly nation El Salvador to invest in a planned $1 billion dollar renewable energy initiative. The Central American country continues efforts to drive […]

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Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

Stolen crypto from Atomic Wallet users are already on the move to mixers according to Elliptic. NEWS Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group. On June 5, blockchain compliance analytics firm Elliptic reported that […]

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