Amazon Dismisses Bitcoin Support Rumors, But Still Interested in Crypto

E-commerce giant Amazon has dropped several hints about launching a possible digital asset soon. After its latest signal gained significant traction, the company appears to be doing some crowd control. Earlier today, a spokesperson for Amazon told Reuters that the company isn’t planning to support Bitcoin payments despite industry reports. The spokesperson explained that while […]

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After OKEx, Crypto Exchange Huobi to Shut Down its Beijing Entity; A Turning Point?

Cryptocurrency exchange Huobi is closing the doors of its Beijing entity, which was registered by the platform in its early years. This entity is reportedly not the operating entity of Huobi Group. The entity applied for its cancelation on July 22, according to China’s National Enterprise Information Disclosure System. “It is not the operating entity […]

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Tether in ‘Open Dialogue’ with DOJ, says Company on Report of its Executives Being Under Probe for Bank Fraud

The dominant stablecoin with 62.15 billion circulating supply also blasted Bloomberg’s report as “repackaging stale claims” from years ago to “generate clicks,” adding that it is business as usual for the company.

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Global Bitcoin ATM Installation Shoots Past 24,000 In 2021: Report

This year has seen a sharp increase in the number of crypto automated teller machines (ATMs) installed worldwide. Data from Coin ATM Radar shows that crypto ATM installation has increased by more than 70% to over 24,000 this year. Over 10,000 Crypto ATMs Installed In 2021 No less than 10,000 new crypto ATMs have been […]

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Cryptocurrencies Are A “Pure Trading Instrument,” says CEO of World’s Largest Hedge Fund

Luke Ellis, the CEO of Man Group, says cryptocurrencies have “no inherent worth whatsoever” and compared them to tulip bulbs mania but added that it’s suitable for trading. “If you look at cryptocurrencies as a whole, it is a pure trading instrument. It has no inherent value. It’s a tulip bulb,” said Ellis, whose largest […]

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South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers

South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year. While virtual […]

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FCA’s Crackdown Hits Another One After Binance, Which Has ‘Not’ Seen Institutional Activity Slowdown

Rather, this continued interest from institutional investors is coming not only from crypto native firms but also from traditional finance institutions. Meanwhile, in the US, DeFi is on regulators’ radar where with no intermediary, the question is, “who do we put this on?”

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