Tehran has officially approved the use of cryptocurrency for imports instead of the US dollar and the euro, Minister of Industry, Mines and Trade Reza Fatemi Amin said on Monday. “All the issues related to crypto-assets, including how to provide fuel and energy, and how to assign and grant licenses …
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Billionaire Tesla CEO and crypto enthusiast Elon Musk has pledged to keep supporting Dogecoin, in spite of a lawsuit that was filed against him earlier this week alleging that he ran a pyramid scheme to promote the token. In a complaint filed in a federal court in Manhattan on Thursday, …
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The world’s largest cryptocurrency exchange, Binance, has temporarily halted Bitcoin withdrawals “due to a stuck transaction causing a backlog,” CEO Changpeng Zhao said in a tweet on Monday. Zhao tried to reassure users that their funds were safe and the problem was only impacting the Bitcoin network. The Binance team …
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Many of the currently existing 19,000 cryptocurrencies will disappear in the coming years, several industry experts told CNBC, comparing the market to the early dotcom days. According to the report on Friday, many blockchain platforms will likewise cease to exist. The experts pointed to the recent collapse of the algorithmic …
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Sina Estavi, a crypto entrepreneur from Malaysia, is struggling to sell an NFT (non-fungible token) of Twitter founder Jack Dorsey’s first ever tweet after spending $2.9 million last year to acquire it. Back then, Estavi received the so-called digital rights and metadata of the world’s first message posted to Twitter, …
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A US national has been sentenced to more than five years behind bars on allegations that he worked to help North Korea bypass American sanctions, with the government stating he planned to fund and develop crypto infrastructure that could be used to evade the penalties. Virgil Griffith, 39, was handed …
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Ukraine’s President Volodymyr Zelensky on Wednesday signed into law a bill that effectively legalizes cryptocurrency in the country. The decision comes as Ukraine has received crypto donations worth tens of millions of dollars from individuals and groups amid the ongoing conflict. The so-called “Virtual Assets” bill establishes a legal framework …
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The authorities in Canada have told cryptocurrency exchanges to cease transactions with addresses they said were linked to the ongoing ‘Freedom Convoy’ by the anti-vaccine mandate truckers. The order from the Royal Canadian Mounted Police (RCMP) began circulating on social media early on Wednesday, with the local media saying that …
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Russia could collect up to 1 trillion rubles ($13 billion) per year by regulating and taxing cryptocurrency transactions, analysts for the government believe, according to Moscow-based news outlet The Bell. The report follows intense debate in Russia over how to deal with cryptocurrency, with some suggesting it should be completely …
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The world’s number one cryptocurrency, Bitcoin, has declined to nearly $33,000 on Monday, marking a daily drop of nearly 5%, according to data tracked by CoinDesk. The second most popular crypto, Ethereum, plunged 9.3% to $2,209 in a 24-hour span. Earlier in the day, both tokens fell to their lowest …
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