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Australia’s controversial new guidelines for cryptocurrency taxation should be ignored for being unclear and should probably be seen as “toilet paper,” according to an Australian law firm. On Nov. 9, the Australian Tax Office (ATO) released guidance that could impact how investors and traders involved in decentralized finance report their taxes. In a Nov. 27
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Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies. Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities
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The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an Ethereum Virtual Machine (EVM)-compatible blockchain called “RARI Chain,” with royalties embedded into its nodes. In an announcement sent to Cointelegraph, the RARI Foundation said that RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With
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It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3-billion settlement with the United States Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multichain
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A United Nations agency tasked with helping countries eliminate poverty is set to upskill its 22,000 staff in blockchain technology, with the ultimate goal of helping countries achieve “sustainable development” growth.  According to a Nov. 30 statement, the United Nations Development Programme (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in
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The world’s largest crypto asset management company, Grayscale, has recently made a few significant adjustments to its Grayscale Bitcoin Trust (GBTC) agreement for the first time in five years, signaling a strategic shift. Grayscale Adjustments To The Agreement Governing Its GBTC On Wednesday, November 29, Grayscale submitted a consent solicitation statement in an effort to
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Yet another crypto scandal in Hong Kong  Scammers posing as investment experts allegedly enticed 145 victims to tip $18.9 million into the unlicensed Hong Kong crypto exchange Hounax. According to reports earlier this week, the police said investors were allegedly promised
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Dipayan Mitra Journalist Posted: November 30, 2023 Share this article The top 10 Tether wallets held tokens worth $15.23 billion at press time. Market indicators suggested that investors might expect a few slow-moving days.  Bitcoin [BTC] has displayed a steady increase in its value over the last few weeks as its value remained above the
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