Category: FinTech
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Google Cloud and Coinbase collaborate to accept cryptocurrency payments and advance Web3 innovation.
In order to advance Web3 innovation, Google Cloud and Coinbase have announced a partnership. This partnership includes using the cryptocurrency exchange to accept cryptocurrency payments. Coinbase CEO Brian Armstrong said, “We are thrilled Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide potent solutions to developers. Google…
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Kenyan Company Mining Bitcoin with Wasted Energy; Business Model May Aid in Decentralization
Gridless, a Kenyan bitcoin mining company, recently disclosed how it is assisting local communities in lowering electricity costs by mining bitcoin with surplus power. The Gridless mining model has received praise because it may contribute to the decentralization of bitcoin mining and the transfer of some hashpower to Africa. Using Wasted Energy to Mine Bitcoin…
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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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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,…
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A Thai regulator accuses a provider of digital asset services of refusing to respond to an information request; the matter has been referred to law enforcement
The chief executive officer of Zipmex’s Thai unit, Akalarp Yimwilai, and the country’s securities regulator were recently referred to the Royal Thai Police’s technology crime division. The regulator claimed it took this action after Yimwilai and his business refused to provide information about customers’ digital wallets to a government official. Zipmex Fails to Share Details…
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Binance will support the development of the blockchain ecosystem in the South Korean city of Busan.
The South Korean city of Busan is receiving assistance from Binance to “grow crypto adoption within the city and beyond.” The development of the city’s blockchain ecosystem as well as the Busan Digital Asset Exchange will be assisted by the international cryptocurrency exchange. The Memorandum of Understanding (MOU) between Binance and Busan Metropolitan City was…
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Jamie Dimon, CEO of JPMorgan, issues a warning that “Something Worse” Than a Recession Could Be Coming
Jamie Dimon, CEO of JPMorgan, has provided his economic forecasts for the United States, which include the possibility of “something worse” than a recession. The executive declared that there were storm clouds, citing China, Ukraine, war, QT, oil, and interest rates. Jamie Dimon, the chairman, and CEO of JPMorgan, reportedly discussed his forecasts for the…
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Asian Universities Will Receive $20 Million From the Korean Blockchain Project Klaytn for Blockchain Research.
South Korea’s SEOUL Blockchain protocol Klaytn has committed $20 million over four years to support blockchain development and funding at the National University of Singapore and the Korea Advanced Institute of Science and Technology (KAIST) in Seoul (NUS). In Coindesk’s 2021 University Rankings for Blockchain, NUS took first place overall, while KAIST came in at…