Author: e_cash_top

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[ad_1] Bitcoin FUD comes in all shapes and sizes, ranging from unbridled energy consumption to rampant crime. Since 2017, the World Economic Forum has been warning that Bitcoin will eventually consume more power than the entire world. Governments around the world have been campaigning against Bitcoin mining and warning about its effects on climate change.…

Celsius shareholders want their own legal representation in bankruptcy case

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[ad_1] Celsius shareholders have requested an official legal representation that would represent their interest in the bankruptcy proceedings, according to a Sept. 22 court filing. According to the filing, there is a clear need for this fiduciary representation as there are only two economic stakeholder groups — retail customers and equity holders. The shareholders claim…

Bitcoin mining firm Compute North files for bankruptcy, CEO resigns

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in Uncategorized

[ad_1] Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September. The firm reportedly owes $500 million to about 200 creditors and has assets valued between $100 and $500 million. Compute North filed for bankruptcy on Sept. 22 and will continue operations as…

CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations

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[ad_1] The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders. Simultaneously, the CTFC filed a federal civil enforcement action charging Ooki DAO — a successor to bZeroX that operated the same protocol — for illegally offering leverage and margin trading; failing to comply with…

XRP lead gains as crypto market prints green candle

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[ad_1] The total cryptocurrency market cap saw net inflows totaling $43.4 billion. As of press time, it stood at $950.8 billion, up 4.27% over the last 24 hours. Bitcoin’s market cap rose 3.35% over the reporting period to $371.05 billion from $359.74 billion. Meanwhile, Ethereum’s market cap also increased 6.24% to $164.54 billion from $155.88…

British MP Matt Hancock declares UK should lower tax rate on crypto to encourage growth

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in Guides

[ad_1] Matt Hancock, former Secretary of State for Digital, culture, music, and sport, said the U.K. must take a long-term approach and lower crypto taxes to allow digital innovation to grow. “HMRC has taken a revenue-maximizing approach…applying it in a sledgehammer way… what we need to do is take a growth-maximizing view where revenues in…

Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console

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in Uncategorized

[ad_1] The biggest news in the cryptosphere for Sept. 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchdog and largest bank reached to use crypto for international payments, and the indefinite close-up of the banks in Lebanon which pushed the Lebanese to turn to…

India considering GST on crypto transactions amid evaluation of sector’s legality

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[ad_1] The Indian government is working on implementing a goods and services (GST) tax on crypto transactions as legwork for determining the legality of the sector is underway, according to a Sept. 19 Livemint report. GST tax implementation The GST tax will become an indirect tax regime on crypto assets that will act as a…

UK’s new bill aims to help law enforcement seize, freeze crypto

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[ad_1] The United Kingdom has introduced a new bill that would make it easier for law enforcement agencies to freeze and seize crypto assets. The bill, tagged the Economic Crime and Corporate Transparency, will strengthen the country’s image as a place for legitimate businesses to thrive while driving out dirty money. U.K. targets crypto in…

Coinbase denies The Wall Street Journal’s proprietary trading allegations

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