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

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: “Auzins perpetrated …

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Taliban Launches Crackdown on Crypto Use in Afghanistan

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 on 15th …

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Japan to Introduce Corporate-friendly Crypto Tax Law in 2023

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 proposed a …

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NearPay Launches Virtual Crypto Cards and Wallet Apps for

Lisbon, Portugal, Aug. 26, 2022 (GLOBE NEWSWIRE) — NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android to bring the modern digital banking experience to the world of crypto.  NearPay Wallet is now available on all platforms, including Web, iOS and Android. With NearPay you can …

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Thai Energy Billionaire Sarath Ratanavadi Boosts Investment in Crypto

Thailand’s second-richest billionaire, Sarath Ratanavadi, has said he is increasing investments in the blockchain ecosystem, despite the crypto industry’s bitter winter, according to Bloomberg. Sarath Ratanavadi is the founder and chief executive officer of Gulf Energy Development, a leading Thai energy company with domestic and international projects. He said the move is to diversify revenue …

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Coinbase to Launch 2nd Crypto Derivatives Product-Nano Ether Futures for Retail Brokers

Coinbase Derivatives Exchange (formerly FairX) will launch its second crypto derivatives product, Nano Ether Futures Contracts (ET), on August 29. Coinbase said the BIT would initially target several leading brokerage intermediaries, including retail brokerages EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate, as well as clearing firms ABN AMRO, ADMIS, Advantage Futures, ED&F Man, …

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Thailand’s Commercial Bank SCB Terminates Deal to Acquire BitKub Crypto Exchange

Siam Commercial Bank (SCB), the oldest commercial banking institution in Thailand, has announced the effective termination of its proposed deal to acquire the BitKub exchange. According to the press release shared by the banking firm, the plan to terminate the deal was circumstantial and approved by the company’s board of directors.  The deal was first …

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Coinme Introduces 6 Additional Crypto Instant Trading by Cash

Coinme, a major cryptocurrency cash exchange based in Seattle and Washington, announced on Wednesday that it has introduced six additional cryptocurrencies to its list of buyable assets from its 10,000 grocery store kiosks across the United States.   Ether (ETH), polygon (MATIC), Chainlink (LINK), dogecoin (DOGE), Litecoin (LTC), and stellar (XLM) are now available for …

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Ex-GTA 5 Boss’ New Game Reacts To NFTs And Crypto Concerns

The developer behind the ambitious-sounding game Everywhere, which was unveiled during Gamescom this week, has spoken up to address whether or not the game will use NFTs. In a post on Reddit (via Ethan Gach), the studio said it was made aware of “some conversation” about Everywhere concerning NFTs and cryptocurrency. People noticed that the …

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Crypto Exchange CoinZoom Receives License to Operate in Bermuda

Cryptocurrency exchange CoinZoom announced on Tuesday that its Bermuda-based subsidiary CoinZoom Global, Ltd. has received a license under the Digital Asset Business Act (DABA) from the Bermuda Monetary Authority (BMA). The license grants the exchange to serve as a trading platform for non-U.S. customers outside of the U.S. seeking an avenue to trade digital assets …

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