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Huobi Obtains License to Operate in the British Virgin Islands, States There Is No Timetable for Expansion Into the United Kingdom Yet

Ad P   Huobi’s affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide presence by entering the British Virgin Islands, a British Overseas Territory. Huobi stated on Friday that it had …

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Latvian National Extradited to the U.S for Crypto and Wire Fraud

Ad P Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that were alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge. Breon Peace, the United States Attorney for the Eastern District of New York, pointed out: …

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Taliban Launches Crackdown on Crypto Use in Afghanistan

Ad P The Taliban, an Islamic fundamentalist group, are cracking down on cryptocurrency traders in Afghanistan. Bloomberg media reported the matter on Friday. Sayed Shah Sa’adaat, a senior Afghan police officer, had a conversation with Bloomberg about the crackdown. Afghanistan’s economy has suffered since late last year when the Taliban took control over the jurisdiction …

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Coinbase Says it Will List Potential Forked Tokens Following Post-Ethereum Merge

Ad P As the highly awaited Ethereum “merge” upgrade is approaching, the possibility of a fork is more likely, even if its odds for success are dim. Recently exchanges, including Coinbase, have announced plans to consider listing forked tokens. In an updated blog post on Thursday, Coinbase crypto exchange stated that it will assess any …

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DeFi Lending Protocol Compound Launched its Compound III Version

Ad P Decentralized Finance (DeFi) lending protocol Compound has announced that it has officially launched its Compound III (V3) on the Ethereum mainnet. Compound III is an EVM-compatible protocol that enables supplying crypto assets as collateral to borrow the base asset. Unlike in the past, this new version only supports one “underlying asset” for lending. It provides other encrypted …

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Former South Korean Deputy Minister Yong-beom Kim Joins Blockchain Research Institute

Ad P Yong-beom Kim, former first deputy minister of the Ministry of Planning and Finance of South Korea, will join Hashed Open Research, a blockchain and digital technology research institute, as CEO. Yong-beom Kim served as the First Deputy Minister of Economy and Finance of South Korea from 2019 to 2021, and also served as …

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Japan to Introduce Corporate-friendly Crypto Tax Law in 2023

Ad P The Japanese government has proposed a new crypto tax law that will be introduced in 2023 for companies. Earlier, Watanabe Sota, CEO of Web3 infrastructure firm Stake Technologies Pte, said that in order to prevent entrepreneurs from leaving the country, Japan should minimize corporate taxes on crypto businesses. The Japanese government has also …

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Zipmex Appoints Restructuring Firm Kordamentha To Work on Recovery Plan

Ad P Zipmex, a cryptocurrency exchange based in Singapore, announced on Friday that it has appointed an Australian restructuring firm, KordaMentha Pte, to assist with a recovery plan. KordaMentha will work with Zipmex on how best to reorganize the exchange and preserve its assets. Apart from that, Zipmex revealed that it is in advanced talks …

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Su Zhu Worried About Jail Term Over Liquidators Class Action Settlement – Report

Ad P Su Zhu, a co-founder of Three Arrows Capital (3AC), a Singapore-based cryptocurrency hedge fund firm, delivered an affidavit in person in Bangkok, Thailand, on August 19, as reported by Bloomberg on Friday 26th August. In the affidavit, Zhu accused the firm’s liquidators that they used misleading and inaccurate information in their case associated …

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Founder Of Polygon, Sandeep Nailwal, Raises $50M For Web3 Fund

Ad P Polygon Founder Symbolic Capital is the newest venture company to strongly emphasize Web3, gaming, and NFTs. Sandeep Nailwal, the creator of Polygon and a cryptocurrency entrepreneur, has collected $50 million for a new startup fund targeted at Web3 firms, highlighting venture capital’s rising interest in the blockchain-powered internet. According to the business, Nailwal’s …

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