Day: June 17, 2022

7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information – Emerging Markets Bitcoin News

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About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information concerning particular crypto projects via social media. Influencers and media personalities were also found to be key opinion leaders that are promoting cryptocurrencies. Influencers and Media Personalities Found to Be Key Opinion Leaders According to the findings of a new Kucoin study, about 22% of South Africa’s adult population aged between 18 and…

Musk $5.7 billion donation, RBI Banning cryptocurrency, Share Market | Business News Hindi|Papa News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Download papa news today! Web Version – 00:00 India’s IT sector 00:29 India’s Free Fire app 00:46 crypto ban 01:29 Microsoft takeover 02:18 Musk donates 02:56 Paytm CEO’s stake 03:07 Zomato shares dip 03:26 Sensex jumps 03:41 Vedanta 03:51 Rolls-Royce’s 04:31 Poor nations 04:46 Future Retail reports 05:02 Coal India net profit 05:12 Cipla shares plunge 05:30 Mamaearth’s parent company 05:55 ABG Shipyard case 06:20 Govt, RBI working 06:29 Musk shares animation 07:16 Piyush Goyal shares 07:43 Jio Platforms agrees Papa news…

Cryptocurrency Fund Three Arrows Capital took One Arrow too Many

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Thought to be among the biggest holders of cryptocurrency in the world, the past few days have revealed forced liquidations and margin calls at 3AC, putting downwards pressure on an already embattled cryptocurrency market having to deal with rising interest rates. Many protocols and projects which have raised millions of dollars from venture capitalists and other investors also need to manage their own treasury and instead of leaving their cryptocurrencies lying fallow, are said to have handed it to 3AC for management. A vague tweet by a founder, swirling rumors…

President of Panama shoots down crypto bill citing FATF guidelines

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Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations. President Cortizo previously warned in May he wouldn’t sign the bill unless it included additional Anti-Money Laundering rules after Panama’s National Assembly passed the crypto bill in late April 2022. Local media outlet La Prenda obtained a copy of the 32-page veto, reporting the President wrote it’s “imperative” the cryptocurrency laws conform to new regulations recommended by the Financial Action Task Force (FATF) outlining “fiscal…

Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

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Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE). The damages sought are more than 34 times Dogecoin’s current market cap of $7.5 billion and nearly three times its ATH market cap of $88.68 billion in mid-2021. Filed in the New York District Court by an attorney at Evan Spencer Law on Thursday, the class-action lawsuit alleges that Musk “used his pedestal as World’s Richest man…

Crypto News Today: Cryptocurrency Tax in India | Shiba Inu Coin Switch, WazirX, Coin DCX UPI Payment

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io India में Crypto Tax की वजह से Crypto Exchanges (WazirX, CoinSwitch Kuber, Coin DCX, ZebPay, Unocoin) बड़ी मुश्किल का सामना कर रहे हैं. Cryptocurrency (Shiba Inu Coin, Bitcoin Ethereum) Tax की वजह से Crypto Trading काफी काम हो गई है. Crypto Exchanges (WazirX, CoinSwitch Kuber, Coin DCX, ZebPay, Unocoin) को भी इसका नुकसान हो रहा है. साथ ही Crypto Wallets और Crypto Exchanges को Digital Payment में भी दिक्कतें आ रही हैं. कई Exchanges ने UPI Transfers, UPI Deposit और UPI Payment…

Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks – Exchanges Bitcoin News

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Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop Kazakhstan Into Regional Crypto Hub Regulations allowing crypto exchanges registered at the Astana International Financial Center (AIFC) to be serviced by second-tier banks in Kazakhstan have been adopted by a working group comprised of representatives of the Ministry of Digital Development, the central bank, financial regulators, as well as members of…

Ethereum Reverse Gains, Why ETH Could Dive Below $1K

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Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support. Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline unless it clears $1,150 and $1,200 in the near…

Bastyon Crypto Social Network Integrates TOR Network and Releases Post Advertising for Pocketcoin (PKOIN) – Press release Bitcoin News

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press release PRESS RELEASE. Bastyon as the Web 3.0 Social Platform Most crypto projects are nothing but cones of a few successful coins. Bastyon, on the other hand, is a fast-growing social platform that combines elements of Youtube, Twitter and Torrent; it recently passed four hundred thousand users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the Bitcoin model. In Bastyon the users enjoy the content…

Mark Cuban says crypto crash highlights Warren Buffett’s wisdom

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Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett. Cuban sees a parallel between the rise and fall of crypto markets and projects, and the 91-year-old ‘Oracle of Omaha’s aphorism that:  “Only when the tide goes out do you discover who’s been swimming naked.” Cuban’s observation was revealed during a June 16 interview with Fortune in which he discussed what he sees as flawed business models of some crypto projects that have fallen…