Is crypto money? A South Korean court says no
The country’s judiciary says Bitcoin loans not affected by interest limitation act, as crypto is not ‘money’
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Mastercard launches crypto exchange risk assessment tool
Financial services company Mastercard Inc. has launched Crypto Secure, a technology solution designed to help banks identify fraud-prone crypto exchanges, the company announced in a press release. See related article: Binance partners Mastercard to launch card in Argentina for bill payment, everyday purchases Fast facts The service uses artificial intelligence algorithms and blockchain data to…
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Solana NFT sales up 77% in September despite sluggish quarter
Non-fungible token (NFT) sales on Solana surged in September despite a sharp decline in the overall trading volume of NFTs in the third quarter. See related article: Instagram, Facebook users in 100 countries can crosspost NFTs: Meta Fast facts Solana NFT sellers pocketed more than US$126 million in September, a 77% month-over-month increase, according to…
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Tether says commercial paper holdings now less than US$50 mln
Tether Holdings Limited, the issuer behind the world’s largest stablecoin USDT, reduced its holdings of commercial paper to less than US$50 million as of Sept. 30, according to a tweet by Tether Chief Technology Officer Paulo Ardoino. See related article: SEC fines Tether’s former auditor US$1 mln over accounting malpractice Fast facts In the tweet, Ardoino also…
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China’s international blockchain push may face Huawei-like obstacles
China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?
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US Treasury says Congress needs to act to mitigate crypto risk to stability
The Financial Stability Oversight Council report says the lack of clear regulations in the cryptocurrency industry could pose a risk to overall U.S. financial stability and urges congress to write up new rules of the road.
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How will the crypto tax debate play out in the UK?
Like many nations, the UK is formulating new rules and guidelines for crypto taxation. Will they help or hinder its crypto hub aspirations?
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Bitcoin miner reserves hit lowest level since Feb 2010
Bitcoin miner reserves are at their lowest level since February 2010, showing miners offloading their holdings, according to data from IntoTheBlock. See related article: Bitcoin mining difficulty drops 2% after reaching all-time high in last adjustment Fast facts There were 1,908,672 BTC in miners’ reserves on Friday, down from 2,030,434 BTC at the end of…
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Markets: Bitcoin, Ether slip; XRP slumps; Hang Seng Index touches 11-year low in Hong Kong
Bitcoin and Ether prices fell in Monday evening trading in Hong Kong amid widespread losses among the top 10 cryptocurrencies by market capitalization, with BNB being the sole gainer. In equity markets, Hong Kong’s Hang Seng Index at one stage fell to the lowest level in 11 years. See related article: Markets: Bitcoin price falls…
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3 reasons crypto will spring back after Crypto Winter
The crypto market has been down for months, but the industry’s long-term future is brighter than ever, writes Guilhem Chaumont of Flowdesk. Here’s why.