Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
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Bali Warns Tourists Against Using Crypto for Payments
Indonesian province Bali has stated that tourists are not allowed to make payments with cryptocurrency, warning that violators “will be dealt with firmly.” The government is looking to curb the influx of foreign tourists as a way to tackle problematic foreigners who violate local laws. Offending Foreign Tourists to Face Tough Sanctions Bali will take…
Bitcoin Now Has Over 10 Million Ordinals Inscriptions
Bitcoin users have registered over 10 million inscriptions into the Bitcoin blockchain using the newly popular Ordinals protocol. The milestone comes shortly after Ordinals founder Casey Rordamor stepped down as the project’s lead maintainer on Saturday. Ordinals’ Blistering Growth According to data from Dune Analytics, Bitcoin sports exactly 10,018,046 Ordinals inscriptions at writing time –…
OKX Publishes 7th PoR Report With $10B in Crypto Assets, Continues Expansion
Seychelles-based cryptocurrency exchange OKX published its seventh proof-of-reserves (PoR) report in line with efforts to push the new industry standard of transparency and trust within the crypto community. The new report shows that OKX has reserves of $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets. OKX Releases Seventh PoR Report The…
Fastest Growing Cryptocurrency Wall Street Memes Raises $1 Million in Viral Meme Token ICO
As the meme coin mania continues to rage, 1000x meme tokens are seeing a strong surge in demand. With Dogecoin and Shiba Inu’s underwhelming performance, traders are looking for alternative tokens with the potential for explosive price growth. The Wall Street Memes token is quickly becoming the next global meme coin phenomenon after raising $1…
US Scraps Plans for Bitcoin Mining Excise Tax, Congressman Confirms
The Biden Administration’s federal budget proposal to charge a 30% tax on all Bitcoin miners in the United States has been scrapped, a national policymaker confirmed on Sunday. The withdrawal is part of a series of tax-related concessions made by the administration in negotiations surrounding the nation’s fast-approaching debt ceiling. No More Mining Tax Ohio…
