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Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus


Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...

Coinbase Attains Full License to Expand Crypto Payment Services in Singapore


Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore's Payment Services Act. Coinbase announced that the recent development comes nearly a year after Coinbase received preliminary approval from the Monetary Authority of Singapore (MAS).  With this...

Kenyan Authorities Accuse Worldcoin of Espionage and Statehood Threats


Kenyan authorities have accused Worldcoin of engaging in acts of espionage and posing a threat to the country's statehood.  The accusations stem from an ongoing investigation by Kenya's Ad hoc committee, which was initiated following concerns raised by the public regarding Worldcoin's activities...

SEC Charges FTX Auditor for Helping Clients Violate Securities Laws


The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....

The Leading 5 Defi Categories Overseeing Billions: An October 2023 Snapshot


As of October 1, 2023, $39.50 billion is nestled within decentralized finance (defi) platforms. Let’s dive into the top five categories, spotlighting the diverse array of defi protocols, the count of these applications, and the wealth they encompass. A Look at 5 Defi Categories Commanding...

Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development


On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be given to the Protocol Guild, a consortium of over...

Stablecoin Economy Sheds $1.52 Billion in September, Revisiting a 2-Year Low


Drawing from the latest figures, the stablecoin economy saw a notable $1.52 billion in redemptions unfold from September 1 through September 30, 2023. Within the top ten standings, two stablecoins notably bore the brunt of these redemptions: FRAX and BUSD. The two assets saw their supplies erode...

Bitcoin Ordinal Inscriptions Cool Down After Historic Peak


Bitcoin Ordinal inscriptions have tapered off markedly since September 24, 2023, following a historic peak on September 15. This deceleration emerges as inscriptions nestled within the Bitcoin blockchain verge on the notable 35 million milestone. A Look at Bitcoin’s Recent Inscription Decline...

Did You Know About These Crypto Airdrops in October?


As markets continue to move sideways, crypto companies are trying to increase user engagement through airdrops. Among them are some well-known names in the space as well as new projects searching for their place. They all seek to arouse interest in digital money and their own products with...

Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions 


Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover additional funds. Blockfi Advances on Client Asset...

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