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June 2022

BITCOIN MAGAZINE TO LAUNCH BITCOIN AMSTERDAM CONFERENCE IN OCTOBER

BITCOIN MAGAZINE TO LAUNCH BITCOIN AMSTERDAM CONFERENCE IN OCTOBER

In collaboration with Amsterdam Decentralized and Westergas, Bitcoin Magazine is taking its signature Bitcoin Conference event to Europe this October. Bitcoin Magazine is launching its first European Bitcoin conference event in pursuit of hyperbitcoinization – Bitcoin Amsterdam. The event will be held from October 12-14 at the iconic Westergas venue in Amsterdam. As Bitcoin Magazine […]

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China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’

China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’

Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a “Ponzi scheme” in any case, China’s BSN chair told Cointelegraph. Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a Ponzi scheme.

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Azuro Raises M for ‘Decentralized Sportsbook Protocol’

Azuro Raises $4M for ‘Decentralized Sportsbook Protocol’

The funding marks the latest injection of capital into the nascent blockchain betting industry. Azuro, a decentralized autonomous organization (DAO) building a protocol for blockchain-based betting, announced Monday it has raised a $4 million funding round. Hypersphere, Gnosis, Merit Circle, Quiet Capital and Formless Capital were all participants in the round. The ultimate goal of the project

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Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks

Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks

The creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), Yuga Labs, have sued the artist dubbed Ryder Ripps and collaborators for attempting to devalue the BAYC brand. Yuga Lab’s lawsuit claims Ripps and associates trolled the company and started “scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks.

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One of the most prominent crypto hedge funds just defaulted on a 0 million loan

One of the most prominent crypto hedge funds just defaulted on a $670 million loan

KEY POINTS Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and another 15,250 bitcoin, worth about $323

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Samsung Asset Management to Launch 1st APAC Metaverse Theme Active ETF on HKEX

Samsung Asset Management to Launch 1st APAC Metaverse Theme Active ETF on HKEX

Samsung Asset Management (Hong Kong) Limited (“SAMHK”) announced the launch of the first APAC metaverse theme active ETF in Hong Kong in July, titled Samsung Asia Pacific ex NZ Metaverse Theme ETF (Exchange Ticker: 3172.HK). The listing is set to go live on July 7, 2022, on the Stock Exchange of Hong Kong (“SEHK”). The ETF

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India Clarifies Rules for Controversial Tax Provision Ahead of Start Date

India Clarifies Rules for Controversial Tax Provision Ahead of Start Date

The 1% tax deducted at source for virtual digital assets kicks in on July 1. India’s Finance Ministry has issued guidelines to clarify the reporting mechanism for the contentious and soon-to-be-implemented 1% tax deducted at source (TDS) provision. CoinDesk earlier reported how India would clarify that provision of its tax code. The 1% TDS liability – which

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Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From Cryptocurrencies, Central Bank Says Iranian

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Italian Luxury Fashion Brand Salvatore Ferragamo Opens NFT Booth in Soho

Italian Luxury Fashion Brand Salvatore Ferragamo Opens NFT Booth in Soho

Salvatore Ferragamo, the Italian luxury fashion brand has entered the Non-Fungible Token (NFT) scene in grand style. The company set up an NFT booth in its new concept store that was opened in the Soho district of New York on Friday. As announced, the NFT booth permitted anyone to walk in and choose from a

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Small-time investors achieve the 1 BTC dream as Bitcoin holds k range

Small-time investors achieve the 1 BTC dream as Bitcoin holds $20k range

With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 Bitcoin. Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across

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