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ALL From Cryptocurrency

Ripple Denies Rumors of Buying Back 10 Billion XRP Tokens Worth $5 Billion

June 26 (Cointime) - Cryptocurrency social media has been abuzz with rumors that Ripple plans to buy back 10 billion XRP tokens worth nearly $5 billion.

Investigation Reveals Dark Side of UAE’s Largest Cryptocurrency Venture, Venom Network

June 26 (Cointime) - An investigation by Cryptopolitan has revealed concerning information about the UAE's largest cryptocurrency project, the Venom Network, which is owned by a Russian with a criminal past who is currently under arrest in the UAE. The platform, which raised over $100 million, is facing potential blocking and global regulators are being alerted to its potential downfall.

Coinbase CEO Praises Singapore’s Economic Freedom, as US Regulations Cause Uncertainty for Cryptocurrency Firms

June 26 (Cointime) - Cryptocurrency companies in the US are facing uncertainty due to unclear regulations, causing some to seek better opportunities abroad. Coinbase CEO, Brian Armstrong, highlighted the importance of economic freedom for a country's growth, while facing legal challenges from the SEC.

Experts Warn Lack of Clarity on Cryptocurrency in Nigeria Could Hinder Tax Collection

June 26 (Cointime) - Experts have cautioned that the lack of clarity surrounding the status of cryptocurrency in Nigeria may hinder the collection of newly-introduced taxes. The 2023 Finance Act has implemented a 10% capital gains tax on profits earned from the sale of digital assets from May 1, 2023. However, since cryptocurrency transactions cannot be monitored like bank transactions, tax authorities will have to rely on traders to self-report their profits.

Turkey's Interest Rate Hike Could Attract New Crypto Investors, China's Economic Crisis May Affect Bitcoin: Analyst

June 26 (Cointime) - In the latest episode of Cointelegraph's Macro Markets, analyst Marcel Pechman discusses how Turkey's recent interest rate hike could attract new cryptocurrency investors, and how China's economic crisis could impact Bitcoin and crypto globally.

MaziMatic and Saitacard Partner to Revolutionize Crypto Debit Cards in Entertainment Metaverse

June 26 (Cointime) - MaziMatic, a multi-entertainment metaverse, and Saitacard, a virtual cryptocurrency debit card powered by ePayme, have officially announced their collaboration. Saitacard is known for its tap-to-pay feature, which allows users to make payments through Apple Pay and Google Pay, and offers a spending limit of USD 50,000 without requiring KYC verification. The partnership aims to revolutionize the future of crypto debit cards and offers support for over 14 cryptocurrencies, with regulatory-free reporting. The Saitacard can be obtained through payment in US Dollars or via a debit or credit card, with an affordable starting price of $99 and no annual maintenance fee or additional charges.

Cryptocurrency Trading Platform Gemini Welcomes Clients Affected by Voyager Bankruptcy to Its Platform, Offers Promotions for New Users

June 26 (Cointime) -Cryptocurrency trading platform Gemini welcomes Voyager clients to its platform. Customers affected by Voyager’s bankruptcy will have until July 23, 2023 to create a Gemini account to withdraw their cryptocurrency in kind. Gemini is also running a promotion for newly registered and verified U.S. customers who will receive $5 worth of Bitcoin.

El Salvador's Bitcoin Experiment Faces Scrutiny from US Lawmakers and Leaders Worldwide

June 25 (Cointime) - El Salvador, which made history by adopting Bitcoin as legal tender, is now facing criticism and scrutiny from leaders around the world. U.S. lawmakers, including Senators Bob Menendez and Jim Risch, have introduced the Accountability for Cryptocurrency in El Salvador Act, which requires the country to produce a report outlining its use of cryptocurrencies and the measures taken to ensure user safety.

ChatGPT Integrates with Hedera Hashgraph's HBAR Cryptocurrency for Secure Interactions and Asset Management

June 25 (Cointime) - ChatGPT has integrated with Hedera Hashgraph's native cryptocurrency, HBAR, through the convergence of blockchain and artificial intelligence.

British "Twitter Hacker" Joseph O'Connor Sentenced to 5 Years in Prison for Cryptocurrency-Related Crimes

June 24 (Cointime) - Joseph O'Connor, also known as the "Twitter hacker," has been sentenced to five years in prison by a federal judge in New York for his involvement in a Twitter hack and a SIM-swapping scheme that targeted high-profile cryptocurrency industry executives.