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Day: January 23, 2022

Lawyer Accuses Huobi of Operating a Cryptocurrency Exchange That’s ‘Held Accountable Nowhere’

Houbi Global, which is based in Seychelles, has been accused by lawyer Jonathan Levy of operating without accountability to any jurisdiction. The lawyer adds that the exchange’s physical address in the island nation is for mailing purposes only. Accountability Issues U.S.-based lawyer Jonathan Levy has accused Huobi cryptocurrency exchange of running a decentralized global operation …

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Top Wall Street analysts are bullish on these stocks heading into earnings

Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the Federal Reserve’s move to aggressively pull back its bond buying are just a few of the worries …

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Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce

A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70. Solana (SOL) price may fall to $70 per token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline. The chart below shows that SOL price rallied to nearly …

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NFT Monthly Trading Volume Records $4B on OpenSea

Despite being the new kid on the crypto block, non-fungible tokens (NFTs) are stamping their authority as trendy digital assets based on increased adoption. For the first time, monthly NFT trading volume breached the $4 billion level on OpenSea – the world’s biggest NFT marketplace, according to data from market insight provider Dune Analytics. This …

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Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities

The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto The Zimbabwean government recently said it had entered into an agreement with the British Virgin Islands-based Daedalus World Limited wherein the latter is expected to …

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FTX Readies Visa Debit Card for Users to Spend Crypto Balances

The card is currently unavailable in certain countries – including the U.S. Sam Bankman-Fried’s crypto exchange told customers Thursday they can join the waitlist for an FTX Visa debit card. But one geography is not supported: the United States. FTX says its card won’t have fees (aside from third-party ones) and crypto balances will be automatically exchanged …

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SO YOU JUST BOUGHT SOME BITCOIN, NOW WHAT?

There are three primary ways to take your Bitcoin participation to the next level: secure your keys, run a node and start mining from home. Congratulations and welcome to the Bitcoin network! This is the beginning of an exciting adventure full of countless resources, lots of helpful mentors and online friends who can become in-person …

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Cardano DEX SundaeSwap Gears Up For Launch

SundaeSwap, one of the first DEXs (Decentralized Exchanges) built on Cardano, sets out to go live on 20th January. The ISO (Initial Stake Pool Offering) of the native token SUNDAE is scheduled for the same date. As the project needs more time to audit the contracts and comply with industry security standards, a ‘fully-functional’ beta …

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Decentraland Hosts Australian Open In The Metaverse

The Australian Open (AO) 2022 becomes the first Grand Slam tennis tournament to take a swing at the metaverse, hosting a virtual event on Decentraland starting from 17 January. Tackling the hassles of Covid-19, fans across the globe can now attend the AO from the comfort of their couch in the metaverse for a fortnight. They will be …

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El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs

The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit …

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