First Mover Americas: BTC Struggles to Break $20K as More Lenders Face Trouble
The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 4, 2022. Original Source
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Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
At the height of the market, when bitcoin was over $60,000, companies were purchasing miners at $90, $100 and even more per terahash, Bulovic said. That adds up to as much as $10,000 per machine. “The larger price tag means that the loan amount was higher. That means that the
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US Infrastructure Law’s Reporting Requirements for Crypto Brokers Likely to Face Delay
The back-and-forth over how “broker” will be defined, as well as the challenges of implementing a reporting regime, are likely to blame for the potential delay. However, no final decision has been made on whether the reporting requirements will be delayed or, if they are, how long the delay will
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Coinbase Users in the Netherlands to Face Additional KYC Hurdles When Pulling Crypto off Platform
Coinbase told customers it is making these changes as "required by local regulations," an apparent reference to the Financial Action Task Force's (FATF) travel rule, which requires crypto service providers to exchange the personal information of the senders and receivers in order to tackle fraud and money laundering. Source
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BitMEX’s Delo Will Not Face Prison After Guilty Plea
Ben Delo pleaded guilty to charges of violating the Bank Secrecy Act earlier this year. Original Source
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Global Web3 metaverse and tax initiatives continue in the face of a market meltdown
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.In 2021, nonfungible tokens became the biggest disrupter in art, with artists minting,
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Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts – Featured Bitcoin News
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely to Face Criminal Charges The recent
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Coinbase Announces Cost-Cutting Measures as Crypto Firms Face Bear Market
Coinbase announced the move on its blog following an announcement of layoffs at fellow exchange Gemini earlier today. Original Source
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Bitcoin Reclaims $30K, Why Bulls Face Uphill Task
Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC must clear $30,600 to move further into a positive zone. Bitcoin formed a base above $28,500 and started a fresh increase. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There
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This Low-Cap DEX Altcoin Balloons 47% In The Face Of Crypto Market Stagnation
And everybody was saying keep an eye on this specific Altcoin and yes — Sifchain – and they were right. Sifchain (EROWAN), a low-cap DeFi altcoin, skyrockets by 47% in the wake of the staleness in the general crypto markets. EROWAN has bounced from a low $0.114 on April 23 and
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