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Luno exchange: The perfect trading platform for beginners

As the popularity of cryptocurrency steadily increases, more and more crypto exchanges are beginning to emerge. Each one offers special features that attract crypto traders and investors. One platform currently rising in popularity, especially with beginners, is Luno. Continue reading here at Cryptoshimbun to learn more about this crypto exchange! What is Luno? Launched in 2013 […]

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Binance to exit Singaporean crypto market amid crackdown

Singaporean crypto investors can no longer use the main platform of Binance for crypto trading by October 26, 2021. The announcement made by the company last September 6 was made days after Singapore’s central bank demanded that Binance stop offering its payment services.  Upon the deadline, crypto investors in Singapore can no longer deposit fiat

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China crackdown outlaws all crypto activities in the country

The People’s Bank of China announced on Friday, September 24 that all crypto-related transactions will be considered illicit financial activity by the state. This blanket ban on trading and mining by the government is the toughest blow yet to the Chinese crypto industry. Banned crypto trading activities also include off-shore exchanges according to the financial

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Bank of Russia to curb rash crypto buying with delayed payments

As the interest for cryptocurrency investments continues to grow in Russia, the Central Bank of Russia (CBR) has advised domestic banks to delay payments made to crypto exchanges. First deputy chairman of the CBR Sergei Shvetsov stated that the move aims to curb emotional crypto purchases made by unqualified Russian investors.  He expressed deep concerns

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Walmart denies phony press release; sends LTC prices tumbling

Hours after the release of a statement claiming Walmart will soon be supporting cryptocurrency payments, the company denied the authenticity of the supposed news. Published at around 9:30 am on September 13 on the Globe Newswire Platform, the article said that Walmart would accept Litecoin through its digital stores.   When legitimate news outlets caught wind

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Crypto user sues AT&T after sim swapping incident

Texas resident Jamarquis Etheridge has sued AT&T following an attack on his crypto investments. An estimated loss of 159.8 Ethereum tokens or US$478,516.31 was stolen from Etheridge’s account through a series of sim swapping. According to the official complaint filed by Etheridge and written by his attorney Richard E. Brown, AT&T failed to prevent the

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BIS official urges central banks to start CBDCs amid crypto boom

In a speech at a financial forum on September 10, veteran policymaker Benoît Coeuré has encouraged monetary authorities to act more quickly as the crypto market continues to grow. To compete with the payment platforms in the private sector, he stated that central banks must expedite the development of central bank digital currencies (CBDCs) or

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El Salvador bears challenging week with BTC as legal tender

El Salvador made history as it officially began accepting crypto as a national currency last Tuesday, September 7. However, the first few days of its effectiveness was met with several problems. These included long lines at the cash machines, malfunctioning apps, and several local businesses that still do not accept Bitcoin.  Dubbed as ‘Bitcoin day’,

El Salvador bears challenging week with BTC as legal tender Read More »

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Naomi Osaka pursues crypto interest by releasing rare NFT

Tennis champion Naomi Osaka discussed the potential opportunities and the NFT she recently released in an interview with Bloomberg last August 31. Aside from her career as a professional athlete, Osaka is looking to make investments in the world of crypto and in her NFT which was released in April 2021.   ‘I was actually just

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