Binance US CEO Brian Brooks quits : quoting "Strategic differences"
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Binance.US CEO Brian Brooks has announced his resignation from the company, citing "strategic differences" as a main reason for stepping down. This marks an abrupt change of plans after just weeks ago he had been promoted to co-CEO alongside Binance's current CEO Changpeng Zhao; something that was hailed by
All about Contentious Crypto Tax Amendments and Infrastructure Bill
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The crypto-specific provision that would raise $28 billion for the trillion dollar infrastructure package before Congress were so contentious it briefly held up the entire legislation. The inclusion of a small tax on cryptocurrency transactions was just enough to hold up an important piece of much needed legislation from passing
Indian Government is Investigating Binance's role in Betting apps
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India’s Enforcement Directorate is seeking answers from Binance after investigators found that betting apps collected more than 10 billion rupees ($134 million) over the past ten months, and allegedly laundered a portion of it through WazirX. The Enforcement Directorate summoned Binance executives for questioning earlier this month to find
Amazon may soon start accepting Cryptocurrencies
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Amazon has not been one to shy away from innovation, as they have recently hinted that cryptocurrencies may soon be accepted. The company is looking to expand their payment options by allowing Bitcoin for purchases, as they are hiring a digital currency and blockchain product lead. This move will appeal
Advertising Council in India Formulates new laws for Crypto exchanges
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The recent hype in crypto ads has made the Advertising and Self-Regulating Body ASCI to flag it as "emerging area of concern" and planning to form guidelines for cryptocurrency exchanges. The organization currently does not have any specific codes regulating this type of advertisement and reports having received complaints about
Mastercard introduces Crypto-to-Card conversions
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Mastercard is helping its partners convert money to fiat currency more efficiently with digital cryptocurrency wallets and exchanges by streamlining the process. The company plans on piloting this new feature in partnership with Circle, Paxos Trust Company, and Evolve Bank &Trust following a Tuesday announcement (July 20). The credit
United States appears to become the new Crypto-mining hub
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The United States of America has been the second-biggest mining destination on Earth for a long time now, and even before Beijing’s sudden crackdown China knew that its grip was slipping. Fred Thiel of Marathon Digital expects most new miners to relocate north of our border in search of
Square is working on new Decentralized Finance(DeFi) based App
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Square is looking to create a new business dedicated to DeFi aka "decentralized finance" applications. The projects will rely on smart contracts that are executed without the need for third parties like banks or other financial entities in order to conduct transactions of any kind, including lending and borrowing money
