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Monetary Authority of Singapore limits crypto ads from the public

Monetary Authority of Singapore (MAS), the country’s central bank, issued a set of guidelines on January 17, 2022 aiming to discourage the general public from participating in cryptocurrency trading. The said guidelines advise cryptocurrency service providers to stop marketing their digital payment token (DPT) services to the general public of Singapore.  Although the MAS’ assistant …

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Crypto.com halts withdrawals after a reported suspicious activity

Crypto exchange platform Crypto.com temporarily suspends withdrawals for 14 hours after several users reported unauthorized activity in their accounts on January 17. Billy Markus, the founder of Dogecoin, initiated the company to shut down transactions after sensing a suspicious pattern on Etherscan.  ‘We have a small number of users reporting suspicious activity on their accounts. …

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Pakistan to investigate Binance for an alleged $100 million scam

Pakistani officials have announced last January 6, 2022, via press release on Twitter that they will be conducting an investigation with Binance after a suspected scam worth around $100 million. This comes after several complaints surfaced from Binance users in the country, saying that the platform asked them to transfer their funds into unknown third-party …

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Kazakhstan crypto mining stabilises, government claims

Bitcoin mining operations in Kazakhstan halted Thursday, January 6 due to internet and telecommunication shutdowns amidst intensifying political unrest. However, the administration of incumbent President Jomart Tokayev claimed that everything is now under control. The second-largest Bitcoin hub in the world took a hit after anti-government protests took a sour turn during the first week …

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TaxBit allows US crypto users to file crypto taxes hassle-free

TaxBit, a US-based crypto tax firm, announced its plans of democratising the process in which users can file crypto tax form hassle-free. In the company’s press release dated January 11, 2022, it announced that the form, along with tax tools, will be available to users of platforms supported by the TaxBit ecosystem.  The initial launch …

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Crypto payment option tops Airbnb CEO’s Twitter poll

Brian Chesky, CEO of Airbnb posted a poll on Twitter asking his roughly 400,000 followers what they wanted from the rental platform in 2022. Out of 4,000 suggestions, the poll revealed that most respondents want to pay with Bitcoin (BTC) or other popular cryptos when renting their house or apartment through Airbnb. Airbnb currently accepts …

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Aave launches its new protocol for financial entities, Aave Ar

Decentralised lending platform Aave announced the launch of its liquidity pool service called Aave Arc. This will pave the way for the first 30 approved financial firms to participate in decentralised finance (Defi) as liquidity borrowers, suppliers and liquidators in a more compliant manner.  In the announcement posted on the Aave’s site on January 5, …

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The first LGBT+ cryptocurrency Maricoin launches in Spain

One of the latest cryptocurrency news in the past week is the launch of the first LGBT+ cryptocurrency called Maricoin last Friday, December 31st, 2021 in the capital of Spain, Madrid. This pilot–test is set to last one week in the city particularly in the neighbourhood of Chueca that is considered the home of the …

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Reserve Bank of India says crypto is a risk to monetary stability

India’s central bank, the Reserve Bank of India (RBI), warns about the various risks private cryptocurrencies pose to the country’s monetary stability on its biannual Financial Stability Report (FSR) released on December 29, 2021. The document includes a section discussing the dangers of all cryptocurrencies not offered by the RBI, including Etheruem, Litecoin and Bitcoin. …

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China’s central bank launches test versions of digital yuan wallet

As a part of the People’s Bank of China plans to release its own digital currency, its digital currency research institute has developed and launched a test version of the digital yuan wallet app on January 4. The said mobile application called the e-CNY (Pilot Version) can now be downloaded via the iOS and Android …

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