This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Hong Kong Is Strategically Placed To Impact Global Development
Paul Hui, the Director of the Financial Services and Treasury Bureau in Hong Kong, has emphasized the region’s strategic position as a competitive advantage in the pursuit of several developmental opportunities. According to Hui, Hong Kong is the only city that benefits from both global and Chinese advantages…[continue reading]
2) Turkey To Implement A 0.03% Transaction Tax On Cryptocurrency Trading
The country’s budget deficit, which was further exacerbated by the 2023 earthquakes, is addressed by the new tax. The tax reforms that have been proposed are anticipated to result in a significant increase in revenue and represent the most significant transition to Turkey’s tax system in decades…[continue reading]
3) Indian Court Clarifies The Legality Of Cryptocurrency Transactions
Dealing in cryptocurrencies is not considered unlawful under Indian law, according to the Orissa High Court. Justice Sasikanta Mishra rendered the ruling. The Yes World Token, a fake cryptocurrency, was the foundation of a suspected Ponzi scheme…[continue reading]
4) Trezor Unveils New Wallet And Onboarding Assistance For Beginners
Trezor, a hardware crypto wallet company, is seeking to satisfy the increasing demand for self-custody solutions that are more user-friendly for individuals who wish to manage their digital assets. In order to achieve this objective, it has implemented an enrollment service and a new wallet that are both optimized for user-friendliness and security…[continue reading]
5) UwU Lend Experiences Its Second Hacker Attack During The $20M Reimbursement Procedure
The UwU exploiter has once again struck, stealing $3.5 million from the lend protocol as it commences to reimburse breach victims. In an ongoing cryptocurrency exploit, the UwU Lend protocol, which was compromised for nearly $20 million on June 10, is once again under attack…[continue reading]
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