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In a significant development for India’s cryptocurrency market, CoinDCX, a leading crypto exchange, reported a staggering 2000% increase in customer deposits. This surge followed the Indian finance ministry’s action on December 28, when it issued show cause notices to nine major offshore exchanges, including Binance. The offshore exchanges, including names like Binance, Kucoin, Huobi, Kraken, […]

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A Revolutionary Platform is Making Waves In the ever-evolving realm of digital creation, Qolaba, a groundbreaking platform, emerges as a beacon in the digital creator economy, seamlessly merging Generative AI with Web3 technologies. This fusion paves the way for unprecedented ease in generating and monetizing digital content, ranging from stunning images to intricate 3D assets. […]

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Source: spaxiax/Adobe South Korean police have apprehended an individual suspected of engaging in fraudulent activity through an over-the-counter (OTC) crypto exchange. Authorities in the town of Icheon, Gyeonggi Province, disclosed that they had arrested a man in his 20s on charges related to theft. The suspect allegedly deceived a victim into thinking they were engaging […]

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The Central Bank of Nigeria has clarified that accounts opened for virtual and digital asset transactions won’t permit cash withdrawals. The apex bank further explained that withdrawals from these accounts will exclusively occur through transfers or manager’s cheques. These accounts, as per the bank’s new guidelines, are solely designated for virtual/digital asset transactions and not […]

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In the ever-volatile world of cryptocurrency, Ripple’s XRP has recently been a topic of substantial speculation. With contrasting yet intriguing predictions, analysts EGRAG CRYPTO and Dark Defender have shared their outlooks for XRP’s future in 2024. EGRAG CRYPTO’s Bold Prediction EGRAG CRYPTO, a prominent figure in the crypto community, is optimistic about XRP’s potential for […]

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Source: promesaartstudio/Adobe Starting in February, approximately 290,000 public sector employees in South Korea will be required to disclose their cryptocurrency holdings. According to Maeil Kyungjae, the Ministry of Personnel Management has announced that the regulation will also be applicable to the spouses and immediate family members of employees. The progression comes after a recent ministry […]

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Coin Center’s executive director, Jerry Brito, has expressed that complying with the cryptocurrency tax reporting guidelines set for 2024 remains ambiguous. Key elements of the infrastructure bill signed by U.S. President Joe Biden are now operational. This includes mandates that digital asset transactions exceeding $10,000 be reported to the IRS. The bipartisan bill, approved by […]

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By prioritizing users at the core of their strategies, crypto exchanges can cultivate a dedicated user community. The cryptocurrency landscape’s rapid growth is attracting newcomers from both centralized and decentralized realms. Distinguishing oneself in this competitive arena is crucial for the success of any emerging trading platform. Achieving this distinction hinges on recognizing user needs, […]