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“# Deterring adoption? Balancing security and innovation in crypto ” The cryptocurrency space moves rapidly, so much so that every year, there’s a new trend: from initial coin offerings (ICOs) to nonfungible tokens (NFTs) only a few years have passed. In the face of such astounding innovation, crypto companies and regulators face a growing challenge:…
“# FC Barcelona, Man City canceled crypto deals show cash is not everything ” The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to…
“# Crypto prices in India tumble after crypto bill announced ” Regulatory discussions in India around a crypto ban caused panic selling on major crypto exchange WazirX, resulting in massive price drop on leading cryptocurrencies including Bitcoin (BTC) and Ether (ETH). Crypto prices in India crashed soon after the parliament announced to introduce and list…
“# ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’ ” Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney. The rise of crypto, he said, has been “nothing short of…
“# eToro to delist Cardano by 2022 for US users due to regulatory concerns ” In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able…
“# eToro to delist Cardano by 2022 for US users due to regulatory concerns ” In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able…
“# South Korea financial authority rules that NFTs are taxable ” South Korea’s Financial Services Commission, or FSC, announced Tuesday that nonfungible tokens, or NFTs, will be taxed starting next year. According to The Korea Herald, this tax law amendment would impose a 20% tax on income from virtual assets that exceed 2.5 million won…
“# How to enhance DeFi security ” Creating a cryptocurrency from scratch isn’t easy. It requires extensive knowledge of various programming languages and knowledge of blockchain use cases, among other things. Instead of going through that effort, those newer to the crypto space wanting to build their own project tend toward tokens. Tokens are a…
“# Bank of England sees CBDCs as a revolution for the future of money ” In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answered questions from lawmakers from the Economic Affairs Committee. When asked about the growth of innovation surrounding digital currencies…
“# Regal to partner with Flexa to enable digital currency payments in theatres ” On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets,…