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​​Comox Valley residents have lost over $1 million to cryptocurrency frauds

▪️Comox Valley RCMP says they’re investigating similar crimes with alleged losses of more than $1 million, just weeks after Saanich police claimed that bitcoin frauds cost local victims $1.4 million

▪️Other victims who wanted to invest in cryptocurrencies saw ads for cryptocurrency brokers on Facebook, paid money to the brokers, and were given online reports that their investments were performing well

▪️Such instances, according to Saanich police, may be difficult to detect because they sometimes include many levels of fraud and usually involve scammers operating overseas

Comox Valley RCMP says they’re investigating similar crimes with alleged losses of more than $1 million, just weeks after Saanich police claimed that bitcoin frauds cost local victims $1.4 million. The phrase cryptocurrency refers to digital currencies like bitcoin. Victims in two Comox Valley incidents were called and offered the chance to invest money in exchange for profits. Scammers gained access to the victims’ computers in order to open trading accounts on a specific platform, but the con artists also utilized the access to gather personal information. For a time, the victims received profits, but their accounts were also depleted.
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South Korean Political Parties in ‘De Facto Agreement’ over Crypto Tax Delay

The protracted political struggle over the South Korean crypto tax has entered a new – and possibly decisive chapter – with the major parties reaching a “de facto consensus” over a delay that could see traders allowed to transact tax-free until 2024.

As reported, both major parties have pledged to dump their hardline stance on crypto in what most analysts agree is a concerted vote-grab ahead of next year’s general elections – to be held in March 2022.

The ruling Democratic Party presidential nominee Lee Jae-myung has backed a year-long delay to the tax, which is slated to launch on January 1, 2021. Unless it is unamended, a soon-to-promulgate package of tax laws will see annual crypto trading profits of over USD 2,100 taxed at a flat rate of 20%.

Lee’s opposition rival also wants to delay the tax by at least 12 months, and a crypto sector champion, the opposition People’s Power Party MP Cho Myung-hee, has led a tireless campaign to derail the tax.

The matter came to a head this Thursday when a large glut of crypto tax-delaying private members’ bills hit the parliamentary committee stage. Committee members had voted in favor of bringing a draft amendment to the National Assembly – only for the government to make a last-gasp intervention. The Ministry of Strategy and Finance raised an objection that forced committees to re-table the issue at another committee summit on Friday.

The Moon Jae-in administration has taken a hardline stance on crypto, banning initial coin offerings (ICOs) and blocking games that make use of tradeable non-fungible tokens (NFTs).
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The Long-Term Holder Net Position Change offers the #Bitcoin price a positive indicator.

Short-term holders' total supply is presently at levels reminiscent of long-term bottoms.
Adidas Originals & Coinbase Strike Partnership

Earlier this week, the Adidas brand Adidas Originals announced its entry into the world of cryptocurrency with a purposefully vague tweet announcing a relationship with Coinbase, the American exchange behemoth that has been in operation since 2012.

When Adidas Originals responded, Coinbase responded with the ubiquitous crypto community greeting "gm" (shorthand for good morning) and tagged the company, writing: "Welcome to the party, partner!"

Last week, Adidas Originals linked up with metaverse participant The Sandbox, purchasing a virtual area in the game's virtual environment that includes 144 parcels. According to a map description, the partnership will include:

"With our first immersive and always-on virtual experience, Adidas Originals is plunging into the Metaverse and heading for the Sandbox. As we take our first steps into this brave new world of creativity, we invite you to join us.

"There is nothing impossible in the Metaverse." "What if we invited all of the original thinkers and doers to collaborate on the creation of our future?"

Some have speculated that the Coinbase partnership is related to Adidas Originals' The Sandbox initiative, while others on Twitter have speculated that the sportswear company is planning to launch a non-fungible token (NFT)-based line of virtual clothing to be used in metaverse spaces – with Coinbase acting as a marketplace.
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Ethereum max pain price $4,100, $1.24 billion notional value, put/call ratio 0.53
InsurAce (INSUR) has announced a partnership with Origin Protocol (OGN)

InsurAce has announced the listing of Origin Dollar, a yield-earning stablecoin brought by the team from Origin Protocol. As part of the partnership, Origin will look to make the purchase of cover as easy as possible via links to InsurAce, and InsurAce will be looking to include OUSD as a staking and payment option in the InsurAce app.
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eToro cites regulatory concerns as it plans to delist Cardano and Tron for U.S users
🔘 Kryxivia will be joining Starter for an #IDO
KingSpeed is a typical NFT Car Racing Game #Free_to_Play
Website: https://kingspeed.io/
Twitter: https://twitter.com/kingspeed_io
Over $18.24 billion transacted on Cardano in a single day last week
El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds
This is our support team account. You can expect it to warn you about active scams. Stay safe out there!
⚡️RM Sotheby’s, The World's Largest Collector Car Auction House Plans Accepting Cryptocurrencies⚡️
▪️BlockFi Reportedly Investigated by the SEC for High Yield Interest Rates

The US SEC has gone after the large cryptocurrency lender for high yield interest rates, claims a new report.
Binance Smart Chain hits record-high daily transactions

Binance Smart Chain reaches a new record-breaking milestone of 14.7 million blockchain transactions in one day.
VanEck’s Bitcoin Strategy ETF sees a slow start after issue
Peru to partner with India, HK and Singapore central banks on a CBDC

The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency.
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A third of El Salvador's population is actively using its bitcoin wallet Chivo, President Nayib Bukele says. More than savings account!

El Salvador President Nayib Bukele has said a third of the country's population is actively using the Chivo cryptocurrency wallet, after the government made bitcoin legal tender earlier this month.

Bukele tweeted at the weekend that 2.1 million Salvadorans were actively using the wallet.
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⚡️BREAKING: Rehabilitation Plan for Defunct Bitcoin Exchange MtGox is Now Finalized

Does this mean that investors will receive $BTC and dump it on the market instantly causing a huge market crash? No

Here's the thing: Investors will have to provide their bank accounts and other information to receive repayments

What does this mean? Payouts will be in USD/Fiat
- Probably already sold the amounts that will be paid out

Moreover, MtGox creditor funds will not be distributed in a giant lump sum like the current media FUD is implying. It will be a long drawn out process
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🔥🔥 The hottest NFT game: BLOKPAD & SIDUS NFT Heroes IGO #Bloktopia #LaunchPad