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let's start july trading volumes and
decentralized exchange bid
june record according to dune analytics
trading volumes and decentralized
platforms to
pass the all-time high set in june as of
july 21
trading volumes have already reached 1.6
billion
trading volume across four platforms
uniswap
curve balancer and vancouver network
have already surpassed their june
numbers
one of the newly emerging decentralized
trading platforms balancer is close to
doubling its june trading volume it's
now stands at 160 million dollars
up 72 percent from 93 million at the end
of the last month latvian police size
crypto wars
126 thousand dollars in bust of
suspected could be crime ring
latvian state police said they had
dismantled an
organized cuba crime ring sizing over
110 000 euros in cryptocurrencies from
the alleged perpetrators
police said monday they had confiscated
110
000 euros worth of bitcoin after xrp
and tether from the group additionally
over
12 rates their size 280 000 euros and 37
000
in cash 11 properties and three cars
the gang is alleged to have engaged in
large-scale money laundering from 2015
through 2020.
officials arrested and charged three
suspects with committing cyber fraud
procuring teams and private account data
on the dark web
laundering money through gold and
cryptocurrency and
targeting at least 1 000 victims around
the world
in a press statement latvian authorities
declined to elaborate the crime
syndicates fraud
tactics saying that information was
sensitive to the ongoing investigation
criminal proceedings began in late
february
they said it convinced the suspects
phase 3 to 12 years
in prison india leads emerging markets
pdfp records
numerous emerging crypto markets are
showing significant
growth in p2p trading with india and
ghana showing tremendous growth
throughout 2020.
indian p2p markets have been picking up
streams since the second quarter
with india's december 2017 sales topping
a record high of 2.95 million dollars
last month after which have risen
steadily above 3
million dollars this month african p2p
markets
continue to show strength after several
weeks of
explosive growth nigeria's peer-to-peer
markets have shown
a slight recovery from last week record
high of over 10 million dollars
with approximately 9.9 million argentine
trade
doubles in july consistent volume
records have been posted in argentine
p2p markets over the past
three weeks as monthly activity has
nearly doubled
crypto investors flocking in large
numbers to alt points the total trading
volume of the d5 summer tokens recorded
a 97.9 percent rise in monsters
many crypt investors are flocking to
defy assets
ahead of the two most valuable crypto
assets in recent times
last month alone the trading volume of
the entire cryptocurrency market fell
by almost a quarter at the same time the
total trading volume of summer defy
tokens showed
a 97 growth in monsters the focus on
crypto assets
has shifted more towards landing
protocols decentralized exchanges
and hosts of other defy based
initiatives in doing so attention has
moved away from the
financial top caps bdc edh ltc
and bch receive shares of the trading
volume
they received a year ago as a reminder
nehru matrix recently reported that defy
coins such as ren
land and tnc have shown impressive
growth in their online activity over the
past few weeks
the average volume of daily inquires
using ren in july was 588 so far
up 36 from june korean government
proposes to introduce new 22 percent tax
and cryptocurrency
the south korean government has proposed
obliging crypto investors
paid the government more than one piece
of their profit
the ministry of economy and finance
submitted a proposal on wednesday to
introduce a 22
tax including a 2 local income tax on
profits from crypto trading
in excess of 2.5 million
won if approved by the korean national
assembly the tax rule will take effect
in october 2021
the new tax rule will also apply to
non-residents and foreign companies that
trade on korean exchanges
traders will be required to keep
accurate records of their cryptographic
activity and file documents with the
national revenue service
at the end of the tax year on may 31st
the profit will be based
on the difference between two one price
of the asset at the time of purchase
and the time it was sold if the trader
does not know the purchase price
it is assumed to be zero one the
government says a new tax rule is
necessary
as many other countries have also
introduced their own regimes
for cryptocurrencies russian lawmakers
finally passed country's major crypto
bill russia's newly passed crypt bill
finally provides a legal status to
crypto
but does not allow it to be used as a
payment method
russia passed a major bill today related
to cryptocurrencies like bitcoin
the state duma russia's legislative body
has passed a bill titled on digital
financial assets
in this final third reading local news
agency reagan reports
july 22nd after ignition the bill back
in 2018 russian authorities have finally
agreed to provide a legal status to
cryptocurrencies preparing to
adopt the first major part of
legislation for the industry
following the latest duma decisions the
bill on digital financial assets
or dfa is expected to be officially
adopted in russia on january 1st
2021 the bill provides a legal
definition to digital assets and
legitimize cryptocurrency trading in
russia
however the bill prohibs the use of
cryptocurrencies like bitcoin
as a payment method apple co-founder
steve woznax used youtube over crypto
fraud
apple co-founder steve bosniak has
joined the legal scuffles doing youtube
over counterfeit cryptocurrencies using
his image
according to a july 22nd announcement
from low firm
cochette peter and mccarty google and
its subsidiary youtube failed to protect
users from fake bitcoin channels
featuring images and videos of wozniak
and
other celebrities there are fraudulent
giveaways on the hijacked channels which
say that anyone who sent cryptocurrency
to a specific address will receive a lot
more cryptocurrency in return
although in fact they will not receive
anything if youtube acted quickly to
stop this within
reasonable limits we wouldn't be here
now was nyak said
banks in the u.s can now offer crypto
deposit services
regulator says the office of the
controller of the currency allows
all national banks in the united states
to provide
custody services for cryptocurrencies in
an open letter dated july 22nd
senior deputy controller and senator
advisor jonathan gurl
walled that any national bank can use
unique
cryptographic keys for a cryptocurrency
wallet paving the way for national banks
to store digital assets for their
clients
the latter which appears to be addressed
to identify that bank or similar
organization notes that banks
may offer safer custody service than
existing options
and that the both customers and
investment advisories may wish to use
regulated
custodian to ensure that they do not
lose their private keys and therefore
access to their funds the letter says
that bank can provide both judiciary
and non-fiduciary custodian services so
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