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Russian Parliament Sets Up Working Group on Cryptocurrency Regulations


A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining...

Another Major Bank to Begin Offering Bitcoin, Ether & Altcoin Services


Another major bank in the Asia-Pacific area has taken the crypto plunge, with Australia’s Commonwealth Bank (CBA) stating that it will become the first mainstream financial provider in the nation to allow its customers to buy, sell and hold cryptoassets such as bitcoin (BTC) and ethereum (ETH)...

$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says


Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds...

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law


The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its...

As Bitcoin’s Price Spikes Pods of BTC Whales Begin to Shrink in Size


Recent metrics from a variety of analytical web portals show that the quantity of bitcoin whales has been shrinking in recent times. The data indicates that the leading crypto asset has been distributed quite a bit since the price run-up started. Pods of Bitcoin Whales Shrink — Addresses...

Seoul to Hold Firm on Crypto Tax Launch, Suggests NFT Tax May Follow


dozen or so non-big four crypto exchanges are allowed to go bust.A number of online petitions have called on the government to reverse its bid to begin taxing crypto trading profits at a flat rate of 20% from January 1. Seoul will order tax filings from anyone earning over USD 2,1

Bitcoin Price to Face Another Test as Central Banks Eye Rate Hikes


t central bank in a Western developed nation to do so following the onset of the pandemic, Norway’s central bank, the Norges Bank, this week hiked its interest rate from 0% to 0.25%, citing a need to “begin a gradual normalization of the policy rate” as the economy is “normalizing.” “The

Users to Begin Testing Robinhood Crypto Wallets Next Month


ve the experience and feedback of those testing the new service, and share it with the rest of the community, after which they “will continue to roll out access to more and more customers through our waitlist.”“We’re not first to the market — we’ve been taking our time to make sure that we bu

NFT Market Sales Begin to Improve After Last Week’s Massive Market Slump


Seven days ago, non-fungible token (NFT) marketplaces saw sales nosedive after reaching all-time highs during the month of August. A week later sales have rebounded to a degree and NFT marketplaces like Opensea, Rarible, and Superrare have seen improvements in terms of seven-day trade volumes....

Smaller South Korean Crypto Exchanges Begin to Shutdown, Suspend Services


A number of smaller South Korean crypto exchanges have announced their imminent closure – throwing in the towel in their struggle to meet a fast-approaching regulatory deadline that is threatening to derail the nation’s crypto trading platform industry. Per Joongang Ilbo, the latest exchanges...

AscendEX Launches Hummingbot Rebate Campaign


PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to launch the Hummingbot Rebate Campaign to reward users for trading on AscendEX using the Hummingbot Liquidity Mining Portal. The campaign will begin July 9, 2021 and run for 60 days....

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