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Crypto Cards Arrive In Australia. What Are The Tax Implications?

The ability to spend crypto as easily as one might spend traditional fiat currency has long been sought after by many. The rise of new crypto cards in Australia promises users the luxury of spending their digital assets as they would traditional currency. This could arguably close one of the last significant gaps between decentralized…

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37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations

Recent research reveals that US cryptocurrency investors have an average allocation of $1,107 in digital assets. About 37% of the investors confessed non-liquidation of their crypto holdings even for important bills or other payments. However, there’s this discovery that Elon Musk has a great influence on the crypto-related decisions of most respondents. A survey of…

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Sweden to pay $1.5M worth of BTC to convicted drug dealer

In a bizarre turn of events, the Swedish government is being forced to pay Bitcoin worth $1.5 million to a convicted drug dealer after the digital asset that the convict amassed illegally, skyrocketed in value during his time in prison. The case has highlighted the need not only for prosecutors to be educated on the…

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Largest Crypto Seizure In Australia: Police Seize $6M Worth Of Digital Currency

The percentage of illegal crypto transactions, according to this Chainalysis report, is about 2% of total transactions. Although the majority of cryptocurrency transactions is not illegal, it is increasingly being used for criminal activities. As part of a dark web operation, Australian police have conducted a massive cryptocurrency seizure. The total value seized was about $6…

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South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations

Foreign crypto exchange organizations may decide to distance themselves from South Korea due to heightened regulations. Us-based crypto-exchange service Bitfront suspended payments from Korean credit cards. It also halted provisions of any Korean-language service effective 14 September.  Earlier on, Binance also ceased Korean currency payment options and trading pairs.  The government roots its worries about…

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Bitpanda Crypto Exchange Raises $263 Million; Valuation Grow by 3X in 6 Months

Austria’s first unicorn crypto exchange, Bitpanda is riding a bullish streak. In the short span of 6 months, Bitpanda has leaped from a $1.2 billion valuation to a $4.1 Billion valuations after raising $263 Million in a Series C funding round. The latest funding round was led by Alan Howard and REDO Ventures, with existing…

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Coinbase Users Can Now Trade Crypto with Apple Pay

  Coinbase, one of the leading cryptocurrency exchanges, has announced that they will be integrating Apple Pay as a payment support option in their exchange to promote growing crypto transactions. Coinbase has confirmed that users holding a valid card by Visa or MasterCard linked with their Apple wallets will automatically have an option to make…

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Singapore grants first regulatory in-principle approval to crypto exchange

Independent Reserve gets the first in-principle approval that gives hope to around 170 crypto exchange applicants waiting to receive an official operating license in Singapore. Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as a fully regulated virtual asset…