Japanese Normura To Introduce Crypto-Focused Venture Arm

On Wednesday, Normura Holdings made an announcement on the launch of Laser Digital Holdings, which is a venture capital unit focused on the cryptocurrency market. Normura Holdings is Normura Group’s principal member and is a Japanese financial holding firm. Its move comes after several financial giants made a move into the crypto space this year….

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Harris Poll Report Shows Crypto Investors Believe They Will Be Billionaires

The results of a new survey conducted by Harris Poll show that most American crypto investors believe that they possess the tools necessary for becoming billionaires down the road. The survey had been focused on how Americans view billionaires and it showed that Gen Zers and millennials have a higher sentiment in this regard, as…

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Russian Prime Minister Orders Central Bank And Finance Ministry To Agree On Crypto

The head of the Russian government instructed the finance ministry and central bank in Moscow to come to an agreement on how to develop the digital asset market in Russia by December 1st. They should also work with other regulators in order to develop common legislation that can be used for regulating the digital asset…

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Abu Dhabi’s Regulator Unveils Virtual Asset Regulation

The Financial Services Regulatory Authority (FSRA) is the financial regulator for the Abu Dhabi Global Market. It recently disclosed six principles that will be used for developing regulations for virtual assets and their supervision. While the FSRA said that these principles would not be legally binding, they should be regarded as a complement to the…

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Gary Gensler Instructs SEC Staff To Fine-Tune Crypto Compliance

The chairman of the US Securities and Exchange Commission (SEC) has instructed his staff to begin fine-tuning compliance for crypto intermediaries and tokens. According to the SEC chair, most of the crypto tokens that are in circulation are categorized as securities. Crypto tokens are securities Last Thursday, there was an SEC Speaks conference at the…

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Tax Authority In Argentina Strengthens Supervision

Last week, the tax authority in Argentina (AFIP) discovered three different clandestine crypto mining operations, which were located in the city of Cordoba and San Juan. Just one of these mining farms had mining equipment worth $600,000 and the institution was able to track them due to the high electricity consumption. Illegal crypto mining The…

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Russia Exploring Stablecoins For Settlements With Friendly Countries

According to a top Russian government official, the country is cooperating with friendly nations about the potential use of stablecoins for making international payments. This news comes after some of the prominent institutions in the Russian Federation agreed that the country needs to work on legalizing crypto cross-border payments in light of the Western sanctions….

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Animoca Holds a Funding Round to Accomplish its Mission of Business Expansion

Animoca Brands is one of the major platforms within the crypto-blockchain industry and it wants to gain even more ground within the sector. In recent years, Animoca Brands has gained so much name in the world of blockchain and metaverse gaming. For this purpose, the brand has collaborated with multiple blockchain and metaverse-based companies. Animoca…

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Crypto Mining Malware Invades 112,000 PCs As Legitimate Software

Thousands of global computers have been invaded by crypto mining malware. This particular malware has been running since 2019 and is using these computers for mining the privacy coin Monero (XMR). Crypto mining malware Last Monday, a report was published by Check Point Research, which shed light on the activities of a cryptocurrency mining malware,…

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Iranian Government Gives Approval For Crypto Regulation

A set of crypto regulations has been finalized by the government of Iran. A government official said that the administration had ratified a ‘comprehensive and detailed’ law. It is aimed at providing a regulatory framework for crypto, which includes their mining and authorized usage. Crypto regulations in Iran The Industry, Mines, and Trade Minister of…

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Russian PM Considers Digital Assets ‘Safe Alternative’ For Foreign Trade

Mikhail Mishustin, the Prime Minister of Russia, was full of praise for digital assets as a payment method, as he said that they could help the country in achieving financial independence. However, the leading government official also encouraged the use of the Russian ruble for making international settlements. Foreign trade During a session that was…

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Can Polygon Village Make ‘Villagers’ Happy Within the DeFi Market?

Indeed, web3 and decentralized finance (DeFi) capabilities are among the blockchain pillars making most chains attractive to investors. Early adopters that joined the space are working to strengthen their footing. Polygon is among such platforms. The Polygon Village Created as a one-stop platform for developers to build and enhance projects, Polygon Village will use vouchers…

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