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June 2022

NUBANK NOW ALLOWS 53 MILLION BRAZILIANS TO BUY BITCOIN

NUBANK NOW ALLOWS 53 MILLION BRAZILIANS TO BUY BITCOIN

Over 53 million Brazilian customers can now buy bitcoin through the country’s largest digital bank, Warren Buffett-backed Nubank. Brazil’s largest digital bank, Nubank, has rolled out bitcoin buying capabilities to all its 53.9 million customers. The Warren Buffett-backed fintech had announced the feature in May through a blog post, mentioning how the option would be rolled out in […]

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Russian Parliament Adopts Tax Rules for Digital Assets

Russian Parliament Adopts Tax Rules for Digital Assets

Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian Federation to

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Cypherpunk Holdings Sells All Crypto Assets to Avoid Market Volatility

Cypherpunk Holdings Sells All Crypto Assets to Avoid Market Volatility

Cypherpunk Holdings, a Canada-based firm that invests in technologies and cryptocurrencies, announced on Tuesday that it has sold all of its Bitcoin and Ether holdings to ride out the ongoing market risks. The firm sold 214.7203 Bitcoins for about C$6.09 million ($4.7 million) and 205.8209 Ethers for C$293,000 ($227,000). In total, the company accumulated C$6.38 million

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Accelerate Financial Launches NFT Fund, Sees Prices Bottoming

Accelerate Financial Launches NFT Fund, Sees Prices Bottoming

The fund will own a mix of NFT collections, including CryptoPunks and Bored Ape Yacht Club. Alternative investment firm Accelerate Financial Technologies is starting a non-fungible token (NFT) fund in a bid to capitalize on longer-term growth in the Web3 ecosystem. The Accelerate NFT Fund LP will open for business tomorrow, with plans to own a mix of “blue

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KPMG enters the metaverse, invests M in Web3 employee training

KPMG enters the metaverse, invests $30M in Web3 employee training

The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services. KPMG, one of the Big Four accounting firms in Canada and the United States, has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities

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LUXURY SWISS WATCHMAKER BREITLING NOW ACCEPTS BITCOIN

LUXURY SWISS WATCHMAKER BREITLING NOW ACCEPTS BITCOIN

Breitling is the latest Swiss luxury watchmaker to start accepting bitcoin, following the steps of TAG Heuer and Hublot. Breitling now accepts bitcoin. The Swiss watchmaker has added BitPay’s cryptocurrency payments service to its website, allowing customers to choose BTC on checkout. TAG Heuer and Hublot have recently made similar announcements. Luxury watchmaker Breitling now

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EU Plans to Bar Interest Payments on Deposits in Stablecoins

EU Plans to Bar Interest Payments on Deposits in Stablecoins

Europeans and the entire digital currency ecosystem have been potentially awaiting the Markets in Crypto Assets (MiCA) bill, which has been projected to be passed before the end of the year. With a series of forecasts out in the open, Patrick Hansen, the head of Strategy at Decentralized Finance (DeFi) startup Unstoppable Finance, said the expected bill could come as early

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Cryptoys Raises  Million to Mix NFTs, Gaming, and Virtual Toys

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens. Cryptoys

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Ripple Opens First Office in Ripple Opens First Office in Canada with New Growth PlanCanada with New Growth Plan

Ripple Opens First Office in Ripple Opens First Office in Canada with New Growth PlanCanada with New Growth Plan

Ripple has announced the opening of a new office in Toronto, which will serve as an engineering hub. The new office is Ripple’s first physical establishment in Canada built to support the company’s continued growth in North America and beyond. Ripple, the company behind XRP cryptocurrency, also plans to initially hire 50 engineers in Toronto with

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