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Lizarraga’s nomination was approved by the Senate on June 16. At the SEC, Lee argued that the agency needed to “evolve with changing technologies.” Allison Herren Lee, a member of the US Securities and Exchange Commission’s (SEC) board of commissioners, has formally stepped down after more than three years of
Under the bill cryptocurrency firms will not be required to pay VAT. The power consumption for mining activity will be done under ANDE. On July 14, the South American country Paraguayan senate sanctioned a complete bill to restrict cryptocurrencies and enable bitcoin miners to utilize extra electricity produced in the
Russia will begin this autumn by introducing a new bill called “On Digital Currency.” Russian authorities have said that the DFA covers cryptocurrencies. Russia’s President Vladimir Putin has approved a bill restricting the use of digital financial assets (DFAs) as a payment method inside the nation, according to the crypto
An additional element came into play in India: a 1% TDS from July 1st, 2022. Prices of cryptocurrencies like Bitcoin and Ethereum have continued to plummet. Inflation, rate hikes, and increasing fuel prices have all affected the volume of crypto exchange activity. From July 1, 2022, onwards, an additional element
Fasset closed a series A financing round for $22 million in April. Global payments firm Mastercard partnered with crypto lender Nexo in April. An alliance between Mastercard, a major global financial services company, and the cryptocurrency gateway operator Fasset aims to broaden the acceptability of cryptocurrency in Indonesia. The collaboration’s
The New York Yankees, founded in 1903, have won 27 titles. BSP enables employees to transfer a percentage of their wages into bitcoin. Leading bitcoin business NYDIG today announced a multi-year relationship with the New York Yankees to become the team’s official platform for bitcoin payrolls. By granting access to
Hyosung America also intends to include DigitalMint in its upcoming app store. The ATMs will be able to do more, including creating new income streams. POS firm DigitalMint has established exclusive cooperation with the premier cash management and payment solution provider, Hyosung America. As a result of this, Hyosung America’s
10,000 new web3 jobs will be created as part of the company’s $380 million investment. According to the notification, local university graduates would be given precedence. Dunamu, an asset management, and fintech company plans to invest $380 million to generate over 10,000 new web3 jobs. Dunamu is a well-known South
In April this year, Multicoin led an $18 million Series A round of funding for Hivemapper. Solana-based Web3 initiatives have been a primary focus of Multicoin’s investment. Known for its support of various Web3 and DeFi initiatives, Multicoin Capital has unveiled a new $430 million venture fund. Solana-based Web3 initiatives
Fines for illicit mining actions have been raised by 400 percent. First-time offenders would be denied access to subsidized energy for three months. Iran’s Tavanir power distribution company has implemented a new set of stringent procedures to combat illegal crypto mining. Fines for illicit actions have been raised by 400
