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Reddit Users Fume at Details of PayPal Crypto ‘Lockout’ Case


A Reddit user has claimed they have been “permanently banned” from the PayPal platform “due to cryptocurrency buy/sells being treated as ‘item sales.’” Per a thread created by the Redditor, the PayPal customer claimed that they wanted others to be aware of what they called an “ignorance-fueled...

South Korea’s Banking Giant to Co-create ‘Crypto Bank’ for Exchanges


South Korean banks are rapidly stepping up their crypto game, with Kookmin (KB), one of the biggest commercial banks in the country, co-creating a “digital asset management company” with a number of the nation’s leading blockchain players that will safeguard the bitcoin (BTC) holdings of corporate...

Furious Abkhazian Villagers Forcibly Close Down Crypto Mining Farms


Crypto mining is threatening to draw a nation into chaos – with angry Abkhazian villagers reportedly taking the law into their own hands by kicking miners out of their regions. The latest development in the South Caucus-located de facto state has seen anarchic uprisings, with miners thrown out...

Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies


Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold...

Retail Crypto Trading Soars In Africa and Asia + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Marcus Swanepoel, Founder of UK-headquartered crypto exchange Luno, recently acquired by the Digital Currency Group, said that...

Wake Up on Black Friday and Smell the Crypto Deals


Thursday, November 26 is Thanksgiving in the United States, and right after it comes the Black Friday bonanza globally. On this day, retailers open wide and in great fashion the doors to Christmas shopping season, offering a myriad of '-X% offs' on pretty much any product in existence. And more...

CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading


Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post...

South Korean Crypto Tax May Be Delayed after Parliamentary Intervention


South Korean crypto investors could receive a welcome stay of execution from new crypto taxes – with parliamentarians pushing Seoul to postpone a much-maligned crypto tax reporting act. Per the Dong-a Ilbo, a leading South Korean parliamentary committee has made a late intervention in the matter...

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