Author: e_cash_top

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[ad_1] Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on Sept. 22. According to the report, the new development is geared toward allowing Russians access to digital wallets. Moiseev reportedly…

Decade old whales selling Bitcoin hoard again; last time was during LUNA collapse

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[ad_1] Long-term whales that have been holding their Bitcoins (BTC) for more than seven to ten years are selling them again for the first time since the Terra (LUNA) collapse in May, as Spent Volume Age Bands (SVAB) indicate. Spent Volume Age Bands (SVAB) is a separation of the on-chain transfer volume based on the…

Helium community votes to migrate to Solana, scores new T-Mobile partnership

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in Guides

[ad_1] An overwhelming majority of Helium’s (HNT) community has voted to migrate the wireless network to layer1 blockchain Solana (SOL). According to available information, the HIP 70 proposal received 6,177 votes (81.41%) in support of its plan, while 1,270 were against it. The vote ended in the early hours of Sept. 22, and roughly 15 million…

FTX looking to raise $1B in funding at $32B valuation

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[ad_1] Sam Bankman-Fried‘s (SBF) exchange FTX is reportedly in talks with investors to raise funding up to $1 Billion at a valuation of $32 billion. Singaporean investment companies Temasek, SoftBank, and Tiger Global are among existing investors who agreed to fund FTX in the upcoming round. The exchange giant also held a funding round in…

Zilliqa launches web3 gaming console with in-built miner and crypto wallet

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in Guides

[ad_1] Gaming-focused blockchain, Zilliqa announced that it has launched a web3 gaming console prototype with an in-built crypto miner and web3 wallet. The layer-1 network stated that the move is designed to “onboard millions of non-crypto natives into the blockchain gaming ecosystem.” Source: Zilliqa Following its recent partnership announcement with Zilliqa, the Xborg founder, Louis…

Binance sets up global advisory board to drive responsible regulation of crypto

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[ad_1] Leading crypto exchange Binance has launched a Global Advisory Board to engage regulators worldwide to foster responsible regulation of the crypto industry. The board comprises experts ranging from a former U.S. senator to distinguished economists and global business leaders. The team will leverage their expertise, experience, and networks to advise Binance on complex regulatory, political, and…

Korean tax authorities seize $185M worth of crypto from tax evaders since 2021

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in Uncategorized

[ad_1] South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021, Yonhap news agency reported on Sept. 22. In the second half of 2020, tax authorities implemented a system of seizing the virtual assets of tax delinquents to pressure them to pay taxes. The authorities seized the delinquents’…

Lebanese people turn to crypto, decentralization as banks close down indefinitely

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[ad_1] The Association of Banks in Lebanon (ABL) announced an indefinite closure of all banks in the country on Sept. 22, as depositors are becoming aggressive about withdrawing their funds. Meanwhile, young Lebanese people are turning to crypto to escape the financial crisis, which has been driving adoption higher since 2021. Due to the economic…

Japan’s Nomura Holdings to launch new crypto-focused unit in Switzerland

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[ad_1] Japan-based investment bank Nomura Holdings is launching a new crypto unit in Switzerland called Laser Digital. Nomura’s head of trading and investment Steven Ashley will step down from his current role to serve as Laser Digital’s chairman, while Nomura’s head of crypto Jaz Mohideen will serve as the unit’s CEO. Christopher Willcox, former head…

Bitcoin drops 6.5% after Fed’s 75 bps rate hike; Tether under pressure to produce documents on USDT reserve

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