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Regarding regulatory attention, in late June, the UK’s regulator, the FCA, issued a statement that “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”

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Recently, such platforms have come under increased scrutiny by lawmakers and regulators. Binance in particular is reportedly under review by regulators in the U.S., Britain, Germany, Japan, Hong Kong and elsewhere.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring. .

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Corporation tax: Profits or losses on currency exchange movements including virtual currencies are taxable. The profits and losses of a company that engages in cryptocurrency transactions would be recognized in the books and taxable under standard corporation tax regulations.
Some security tokens are linked to an external tradable asset, and you can feel relatively comfortable assessing them as a more volatile relative of traditional shares, perhaps using a similar framework to the one you’d employ for penny stocks.

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Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Solana, Binance Coin fall; XRP jumps 9%
Bitcoin is down roughly 20% week-over-week, around 30% from its all-time high of nearly $65,000 early last week. The market cap of the coin has dipped below $1 trillion. The tumble has been less severe for Ethereum, which hit an all-time high just yesterday but has since dropped 13% as the broader market has crawled back.

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Shroder said in a statement he is looking “forward to sharing our exciting story with the broader investment community as we begin our journey toward IPO.”

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Cryptocurrency(c) 2021 BloombergNick Baker, BloombergUpdated: October 22, 2021 9:31 am IST

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    Worldcoin project reveals its ‘orb’ scanner as it aims to distribute cryptocurrency to 1bn people

    ISTANBUL (AP) — A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering...
    — “Carried out by a network of government offices, Washington lobbyists, Hungarian diaspora groups, educational institutions and government-funded foundations, the effort’s main impact has been to bolster Mr. Orban’s image as a conservative leader on the world stage — and to counter his reputation as an authoritarian nationalist who is cozying up to Russia and China.”

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    The Biden Administration Wants New Legislation to Regulate Stablecoins. Here’s What That Means for Investors

    We can speculate on what value cryptocurrency may have for investors in the coming months and years (and many will), but the reality is it’s still a new and speculative investment, without much history on which to base predictions. No matter what a given expert thinks or says, no one really knows. That’s why it’s important to only invest what you’re prepared to lose, and stick to more conventional investments for long-term wealth building.
    The emerging world of gaming built on blockchain platforms is still in its embryonic stage, but Coin Rivet has been involved in this innovative industry from the beginning. Here’s where you can learn more and be involved in the excitement of blockchain gaming…

  • Bitcoin Drop Prediction

    Until late 2020, Ocugen (NASDAQ: OCGN) was an under-the-radar biotech company focusing on developing gene therapies targeting eye disease. Then along came Bharat Biotech. Bharat wanted a partner to help get Covaxin into the U.S. market.

    “YOU’VE CRASHED #SAFEMOON THERES NO OTHER WAY TO SAY IT. WE WILL UPDATE YOU AS SOON AS POSSIBLE […] WE CAN’T WAIT TO HAVE YOU ALL HOME SOON…”
    In the meantime, if you’re looking to invest in alternative cryptocurrencies, then we’d recommend eToro. eToro is one of the world’s largest online brokers and has over 20 million users globally. What’s more, eToro is regulated by the FCA, ASIC, and CySEC, allowing you to trade safely.

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    The team announced a few days back that Safemoon whales had joined the coin. Since then, there has been an influx of new crypto members joining Bitrise coin. All these factors have significantly driven the market cap up by +$200 at the time of writing. But what are the underlying factors driving the huge number of investors joining Bitrise crypto coins every day?

    Another institutional hit for bitcoin–which probably had the most sustained effect–was the SEC’s refusal to approve a bitcoin exchange-traded fund (ETF). This would be a path for more mainstream people in finance to dabble with blockchain; it would allow investors to dip their toes in bitcoin without owning the actual asset. Not only that, but it would make bitcoin available on the most prominent financial markets. The U.S. Securities and Exchange Commission (SEC), however, has yet to allow such a fund to exist–mostly because it is unable to monitor crypto-transactions in order to avoid market manipulation.
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They allow users to store cryptocurrencies, make online or in-store purchases, and track their finances.

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Safemoon members are now joining in the thousands with competing cryptocurrencies, like Bitrise, and this could continue if the Safemoon team does not address the fundamental issues. However, Safemoon remains one of the most powerful crypto coins out there, but dominance may be short-lived.

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Bitcoin nears $70,000, while ether eyes $5,000 as the rally extends into a fourth day, aided by a weaker dollar and upbeat investor sentiment

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Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.

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