Crypto News with Coinmonks

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Meta expands crypto ads eligibility on Facebook | LHV bank now supports crypto trading | Coinmonks News #21 Dec 02, 2021

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Marketplaces on social media and in the metaverse Meta has broadened the criteria for running bitcoin ads on Facebook, giving businesses more freedom to promote their digital asset offers.

LHV’s support for cryptocurrency trading is to attract more customers and diversify its offerings.

David Marcus Leaves Meta, Facebook, and Novi | UAE issues first NFT stamps in the Middle East | Coinmonks News #20 Dec 01, 2021

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David Marcus announced his departure from Facebook—or, as it has lately been renamed, Meta, today. Marcus has been in charge of Facebook's Novi cryptocurrency wallet and other payment tools for the past few years. Marcus' future involvement with the Diem cryptocurrency, which is not solely administered by Facebook, is unknown.

The Emirates Post Group, or EPG, revealed this week that it is the first postal body in the Middle East and North Africa to issue digital-collectible stamps.

Hacker Added Her Ethereum Wallet to Twitter's Tip Jar | Binance Resumes Dogecoin Withdrawals | Coinmonks News #19 Nov 30, 2021

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Because outgoing Twitter CEO Jack Dorsey is known for focusing all of his crypto efforts on Bitcoin, it's only right that one hacker has been gaining notice for adding an Ethereum address to her Twitter tips button on the day of his resignation.

The world's most popular crypto exchange by volume revealed today that it has resolved the technical issue that has plagued its Dogecoin wallet for the past 17 days, as well as the problem that caused it.

El Salvador’s President Responds to Bank of England | Blow to UK crypto exchanges | Coinmonks News #18 Nov 29, 2021

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The Bank of England is not a fan of bitcoin nor its growing adoption in countries like El Salvador. The Governor – Andrew Bailey – has repeatedly expressed his “concerns,” but this time, El Salvador’s President Nayib Bukele issued a response.

The new tax hit for exchanges comes after the HMRC updated its guidelines, emphasising that there are many different types of crypto assets with different characteristics.

Crypto Is Here To Stay, Says Paytm Founder | Bitcoin has More Transactions Than Paypal | Coinmonks News #17 Nov 28, 2021

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The Indian government plans to introduce a new crypto bill in Parliament. Some of the provisions in this bill are detrimental to India's bitcoin economy. In the midst of all of this, Paytm's founder, Vijay Shekhar Sharma, has a lot to say. BTW Paytm is a technology business based in India that specializes in digital payment systems, e-commerce, and finance.

Bitcoin conducted 62 percent more transactions in terms of dollar value in 2021 than PayPal, according to a Blockdata research. The company also looked at how much money was traded on the Mastercard and Visa networks.

CRYPTO SCAMMERS made $9 Million on Fake YouTube streams | Coinmonks News #16 Nov 27, 2021

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Crypto fraudsters have stepped up their efforts to come up with new ways to swindle their victims, according to recent study, which shows that they are now doctoring YouTube videos of key persons in the crypto business to promote fraudulent crypto giveaways.

New COVID-19 Variant Hits the Market and All Global Markets Crash with Bitcoin 7% Down | Coinmonks News #15 Nov 26, 2021

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Bitcoin plummeted over 4% according to CoinMarketCap, the oldest cryptocurrency, with a price of $54K and a market worth of $1 trillion at the time of reporting. Following Bitcoin's crash, Ethereum's price fell by 4.6 percent, to $4k at the time of writing, with a market worth of $485 billion. Traders are panicked, as evidenced by the 342.8 million US dollar one-hour liquidation, according to Coinglass statistics.

India Reportedly Postpones to Test Digital Rubee in Q1 in 2023, Amid Banning Private Cryptos | Coinmonks News #14 Nov 25, 2021

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The Indian government has postponed the trial date of testing digital Rubee until Q1 of 2023, the digital form of central bank digital currency (CBDC), local media outlets reported.

Fraudsters strip people of over $4 million in Bitcoin | IMF Warns of Economic Instability | Coinmonks News #13 Nov 24, 2021

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An impostor posing as MicroStrategy’s Michael Saylor has been able to defraud victims of over $4 million in a giveaway scam.

El Salvador is encouraged to limit the scope of its Bitcoin legislation, according to the conclusion of the IMF's annual staff visit to the Central American country.

South Korea might Impose Tax on NFTs | Indian banks continue to resist crypto | Coinmonks News #12 Nov 23, 2021

Show notes

With its crypto taxation policies, South Korea is one of the countries that is presently leading the regulatory demography. It has placed a 30% tax on cryptocurrency transactions, which will go into force next year.

According to the Economic Times, over the last two-three weeks, HDFC, Axis, and ICICI banks have issued letters to customers warning them about the risks of investing in cryptocurrency.

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