The tiny Pacific nation of Nauru has passed legislation to establish a dedicated virtual asset regulatory authority covering crypto, digital banking and Web3 innovation, aiming to become a crypto hub. Nauru is a western Pacific Island sovereign state in Micronesia, northeast of Australia, with an estimated area of 21 square kilometers and a population of…
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Crypto market interest is slowly moving from Bitcoin to Ether, but most investors are unlikely to notice this due to fear of past market downturns, a crypto analyst says. “The markets aren’t entirely Bitcoin focused; as a matter of fact, it is shifting toward Ethereum,” said MN Trading Capital founder Michaël van de Poppe in…
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Ohio’s House of Representatives has passed a bill that would give a raft of protections for crypto and exempt crypto transactions below $200 from capital gain taxes. State House lawmakers voted 70-26 on Wednesday to pass House Bill 116, titled the Ohio Blockchain Basics Act, which will now head to the state’s Senate before it…
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US-based spot Bitcoin exchange-traded funds recorded $388.3 million in inflows on Wednesday to make it eight consecutive days of fresh capital, despite initial market panic from the Israel-Iran conflict. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led all with $278.9 million and $104.4 million in inflows, respectively, Farside Investors…
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The central bank of Iran has reportedly imposed strict operating hours on its domestic crypto exchanges following a $100 million exploit on Nobitex by a pro-Israel hacker group. In a blog post on Wednesday, Chainalysis cited reports saying domestic crypto exchanges in Iran are now limited to operating hours between 10 am and 8 pm. …
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Coinbase and Circle shares surged Wednesday after US lawmakers signaled support for clearer stablecoin regulation by pushing through the GENIUS Act for House approval. On Wednesday, Coinbase (COIN), listed on the Nasdaq, closed the trading day up 16.32% to $295.29, while Circle (CRCL), listed on the NYSE, rose 33.82% to close at $199.59, according to…
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Czech Prime Minister Petr Fiala’s Civic Democratic Party withstood a fourth attempt to topple their government in three years — this time with opposition parties uniting against them over a $45 million Bitcoin scandal. The scandal centers around a 1 billion Czech koruna ($45 million) Bitcoin (BTC) donation made to the Ministry of Justice on…
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US President Donald Trump has urged the House to pass the Guiding and Establishing National Innovation for US Stablecoins Act as soon as possible so he can officially sign it into law. ”The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets,” Trump said before calling…
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Telegram founder Pavel Durov warned that France may experience a societal collapse if it continues down its current political trajectory of censorship and regulatory policies during an interview on Wednesday. “Emmanuel Macron isn’t making the right choices. I’m very disappointed. France is getting weaker and weaker,” Durov said in a translated excerpt from an interview…
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Officials with the US Department of Justice announced the seizure by the Secret Service of more than $225 million “linked to cryptocurrency investment scams.” In a Wednesday notice, the DOJ said it had filed a civil forfeiture complaint against more than $225.3 million in cryptocurrency. In the US legal system, such complaints are filed against the assets…
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