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Shiba Inu redefines Shibdentity with Shib Name Service


Shiba Inu recently announced a new addition to Shibdentity, Shib Name Service. The service is a major step toward developing Shiba Inu’s decentralized identity platform, Shibdentity. The platform will empower users to control and own their digital identities. Shib Name Service (SNS) is bringing...

Web3 Wallet Backpack Launches Registered Crypto Business in Dubai


Backpack , an all-in-one Web3 wallet, has become the latest to receive a Virtual Asset Service Provider (VASP) license in Dubai. The approval will enable Backpack to launch a regulated cryptocurrency exchange service in the city. Per the company’s press release, Backpack Exchange is set...

Lucky Solo Miner With 11 PH/s Bags Bitcoin Block Reward Amid Giant Pools 


Recent insights reveal that a solo miner successfully mined block 814,308 employing a mere 11 petahash per second (PH/s) of mining power. This feat was achieved through Solo Ckpool, a service for solo miners endowed with lower hashrates or older, less efficient hardware. Solo Miner Finds Another...

Kraken to Release User Data to IRS in Compliance with June Court Mandate


Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...

Chinese Ride Sharing Giant Didi Chuxing Rolls out Digital Yuan Services


China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles. Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates...

Binance Halts Visa Debit Card Service in Europe Amid Regulatory Concerns


Following Visa and Mastercard's termination of partnerships with Binance a couple of months ago, the world's largest cryptocurrency trading platform is now ceasing service of its Visa debit card in the European Economic Area (EEA).... Read More: Binance Halts Visa Debit Card Service in Europe Amid...

Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms


New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...

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