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Chinese Tech Firms Are All Set to Ban NFTs, Crypto Marketplaces

Chinese internet and tech giants on Monday signed an initiative to ban and digital collectibles, along with a promise not to establish secondary marketplaces. According to the South China Morning…
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Crypto Lender Vauld Pauses Withdrawals, Citing Volatile Market Conditions

Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld said it is facing “financial challenges”…
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  • News

TDS rule brings down volumes on crypto sites; Decline of more than 70% in trading

Spot trading volumes on crypto exchanges CoinDCX, WazirX and Zebpay declined by at least 70% on July 3 compared with June 30, even as the rule requiring deduction of tax…
Polygon (MATIC), a crypto token by a startup in India is one of the Top 20 cryptos of the world! How did it happen?
  • News

Polygon’s MATIC Continues to Rise, While Most Crypto-Assets Struggle

Polygon’s MATIC token has outperformed most crypto-assets during this recent market downturn. Bottoming at $0.32 on June 18th, it has managed to increase 60% of its value to $0.50. This…
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Nvidia Cards Price Tumbles as Crypto Miners Face Losses

The price of Nvidia GPUs is tumbling as crypto miners capitulate, with prices on the secondhand market down by as much as 50%. The price of NVIDIA shares fell by 15% this…
  • News

CryptoQuant CEO: Stablecoins Investors “have $25B loaded bullets which can make crypto prices go up”

On-chain insights platform CryptoQuant CEO Ki Young Ju says investors have $25 billion worth of stablecoins in exchanges that they can deploy once they are again ready to buy crypto. He…
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JP Morgan Strategist: Strong Venture Capital Funding Indicates Crypto Market Will Move Upward

JP Morgan Strategist Nikolaos Panigirtzoglou stated that there has been an increased interest in bailing out companies, which should propel the market to move upward. All is not lost according to…
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Cryptos Are 'Clear Danger'; Value Is Based On Make-Believe: RBI Governor Das

“Cryptocurrencies are not currencies as they do not have an issuer, they are not an instrument of debt or a financial asset and they do not have any intrinsic value.…
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South Korean Bankruptcy Court Expects More Crypto-Related Cases, Launches New Task Force

South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases involving individuals who have fallen…
  • News

Crypto Exchange Coinbase to Provide Geo-Location Data to ICE, Report Suggests

Crypto exchange Coinbase analytics program, Coinbase Tracer, will provide the U.S. Immigrations and Customs Enforcement agency (ICE) with data about crypto users, including their “historical geo tracking data” and transaction…
  • News

Crypto Miners Rack Up Huge Debts, Face Margin Calls

The private and publicly listed crypto miners have racked up debts anywhere between $2 billion to $4 billion to finance the construction of their gargantuan facilities across North America. Miners…
cryptocurrency
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ASCI Report: 92% of Crypto Ad Violations in India Come From Influencers

Influencers, rather than celebrities, were behind more than 92% of crypto-related advertisement violations in India between January 2022 and May 2022, according to data released by the Advertising Standards Council…
  • News

Crypto Exchange Coinbase Eyes Expansion in Europe

Cryptocurrency exchange Coinbase Global Inc (COIN.O) has renewed focus on its expansion in Europe and is in the process of registering in markets including Italy, Spain, France and the Netherlands. The…
  • News

A New EU Agreement Requires Crypto Firms to Report Suspicious Transactions

European Union negotiators on Wednesday reached a provisional agreement on anti-money laundering rules for cryptocurrencies that would spur crypto firms to check their customers’ identities. The rules, opposed by major…
  • News

Crypto Miners Will Have to Register With Government to Operate in Uzbekistan

Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will…
  • News

Napster Plans to Launch New Token, Eyes to Enter Crypto Space

Napster, the brand that became synonymous with free music to a generation of consumers, plans to rebuild its business around cryptocurrencies and non-fungible tokens, even as demand for such assets has…

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