Author: coinfeeds
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Binance opens a local office and registers in New Zealand
Similar steps toward global expansion by Binance have recently been taken, among others, in France, Italy, and Spain. Exchanging cryptocurrencies An email announcement states that Binance has established Binance New Zealand and registered as a financial service provider in New Zealand. The registration was submitted to the Ministry of Business, Innovation, and Employment (MBIE) of…
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India freezes bitcoin at Binance amid a Wazirx cryptocurrency exchange investigation
More than 77.6 bitcoins that were transferred from the Indian cryptocurrency exchange Wazirx to Binance have reportedly been frozen by India’s Enforcement Directorate (ED). An investigation into money laundering involving a mobile gaming app is what prompted the freeze. According to India’s Prevention of Money Laundering Act, the Directorate of Enforcement (ED) announced on Wednesday…
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Xtreme Token officially launched the XTR utility token in Bangkok, Thailand
PRESS RELEASE. Dubai-based firm Xtreme Token officially launched the XTR utility token on September 16 in Bangkok, Thailand. Xtreme Token (XTR) is a BEP-20 traded digital asset native to the Xtreme ecosystem. With the vision of not being limited to the real world, but directly connecting and communicating with the crypto world creating the most…
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Vietnamese, Filipino, Indian, and Chinese Chainalysis Global Index Identifies Top Countries for Crypto Adoption
Chainalysis, a company that analyzes blockchain data, has released its 2022 cryptocurrency adoption index. The nations with the highest adoption of cryptocurrencies include Vietnam, the Philippines, India, and China. Even though global adoption slows overall in downturns, it “remains above pre-bull market levels,” the company said. Chainalysis’ Latest Cryptocurrency Adoption Index On Wednesday, Chainalysis released…
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The CEO of HSBC explains why cryptocurrency is not in the company’s future.
CEO Noel Quinn of the world’s largest bank HSBC said that no crypto services would be provided. The executive emphasized that HSBC is less supportive of cryptocurrencies than other banks, saying “I do worry about the sustainability of the valuations of crypto.” HSBC Will Not Get Into Crypto, CEO Says The chief executive of HSBC,…
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Ethereum Developers Complete Merge Shadow Fork Successfully Without “Client Incompatibility Issues”
The Merge is anticipated to be implemented next week, or roughly four days from now, and Ethereum will switch from proof-of-work (PoW) to proof-of-stake (PoS). Before the Paris upgrade, the 13th and final shadow fork was successfully coded, according to Ethereum developers. Ethereum’s 13th and Last Shadow Fork Is Complete Social media was a hive…
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Egyptian Central Bank Issues Crypto Warning: Offenders Face Jail
The Central Bank of Egypt (CBE) has once again warned against the use of cryptocurrencies, noting that offenders risk jail time. According to the law of the Egyptian central bank, it is unlawful to “issue, trade, or promote cryptocurrencies, create or operate platforms for their trading, or engage in related activities.” According to Tuesday’s report…
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After the government began enforcing the new cryptocurrency tax, Binance saw a record rise in Indian users.
Since the Indian government started taxing cryptocurrency transactions, the number of Indian users on the cryptocurrency exchange Binance has increased dramatically. However, since the new tax laws went into effect, daily trading volumes at some significant cryptocurrency exchanges with headquarters in India have decreased by over 90%. After a 1% tax deducted at source (TDS)…
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Uruguay presents a cryptocurrency law to the legislature
The Uruguayan Parliament has been presented with a new cryptocurrency bill project by the executive branch. By giving the Central Bank of Uruguay authority over cryptocurrency assets, amending its organic charter, and establishing the Superintendence of Financial Services as the body to regulate virtual asset service providers, the bill aims to clarify how crypto assets…
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Financial behemoth State Street observes declining institutional investor demand for cryptocurrency.
State Street, an investment management company, claims that despite price declines, institutional clients continue to invest in crypto assets. According to a State Street executive, “there is a belief that the asset class is here to stay.” State Street on Institutional Demand for Crypto Despite market sell-offs, State Street, a top investment management company,…