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Cryptocurrency Regulation and Taxing

PNW Officials: Deciding on Crypto Mining

Daniel Sharkey | February 13, 2023 | Leave a comment
Grant County, Washington, is home to many crypto-mining industries. In a county of more than a hundred thousand residents, located south of the Grand Coulee Dam, thirteen crypto mining processes and warehouses stacked with computers fully operational on advanced...
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G20 Takes Up Crypto Guidelines in India

Daniel Sharkey | February 12, 2023 | Leave a comment
The Indian Finance Minister, Nirmala Sitharaman, during a gathering with the bank of India’s Reserve Central Board Governor on Saturday, announced that the G20 group, the multi-administration forum comprising the European Union and 19 countries, has been examining whether...
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How SEC Could Profit from Ripple’s Reimbursement

Daniel Sharkey | February 11, 2023 | Leave a comment
Following news of Kraken’s reimbursement with the Securities and Exchange Commission, an XRP proponent has announced what Sec stands to achieve if it resolves with Ripple. In December 2020, the Securities and Exchange Commission indicted Ripple and two of...
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Ripple Chairman’s Optimistic About the Crypto Future

Daniel Sharkey | February 10, 2023 | Leave a comment
The latest news rotating around the United States Securities and Exchange Commission’s implementation act against Kraken has again attracted the attention of great uncertainty in Virtual Digital Assets. However, Brad Garlinghouse, the Ripple Chief Executive Officer, has taken note...
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SALT: Crypto Lender Makes a Comeback with Millions in Funding

Daniel Sharkey | February 9, 2023 | Leave a comment
The virtual digital asset lender held withdrawals in November and will recommence activities in Q1 this year, sustained by a Series A reinvestment. Unfortunately, the cryptocurrency winter and the collapse of FTX have tampered with the ranks of virtual...
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Central Bank Governor of Sri Lanka Rejects Bitcoin (BTC)

Daniel Sharkey | February 6, 2023 | Leave a comment
Resistance in Sri Lanka Revamping the economy through Bitcoin Tim Draper, an American investor billionaire, had a suggestion to introduce Bitcoin to Sri Lanka, whose economy has deteriorated and is facing bankruptcy. He was suggesting this so that it...
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CoinSwitch Adopts Non-Digital Currency Products Amid Harsh Tax Guidelines

Daniel Sharkey | January 16, 2023 | Leave a comment
India’s CoinSwitch, a virtual asset platform, has made a step toward distributing financial non-digital products to its customers. The program launched by the non-digital firm comprises stocks, exchange-traded funds, mutual funds, fixed deposits, and United States equities. In an...
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Crypto Lender Nexo Embattled as $158M Leaves the Platform

James Dodson | January 13, 2023 | Leave a comment
Nexo had customer liabilities of 133,263 BTC on Thursday before the holdings dipped to 124,939 BTC on Friday. The crypto lender recorded withdrawals worth more than $158 million after Bulgarian watchdogs raided the company’s offices. It remains unclear at...
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Ripple (XRP) Leads Gainers Amidst Spiked Whale Interest

James Dodson | January 12, 2023 | Leave a comment
XRP has dominated cryptocurrency news within the past few weeks as the Ripple case with the SEC (Securities & Exchange Commission) heats up. The amplified focus has led to increased movements within the marketplace, and crypto whales are hunting...
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The Crypto Market Maintains an Upside Stance – Market Outlook

James Dodson | January 11, 2023 | Leave a comment
According to the crypto news updates, Bitcoin, the leading global cryptocurrency, had an unpleasant year in the past as its prices crashed by more than 75% from its lead. Nonetheless, current information indicates an improvement in the Bitcoin price....
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