Singapore-based cryptocurrency exchange Crypto.com is hiring a head of development to keep business ties during a downturn in the cryptocurrency market. The new managing director of Crypto.com will implement the exchange’s Web3 plans. The place was taken by the former executive director of the crypto exchange Bittrex Kwon Park. He will report directly to Crypto.com COO Eric Anziani. The responsibilities of the Park will include the search for new business opportunities, as well as the

Turkish legislators plan to submit to the parliament projects that are designed to strengthen control over the cryptocurrency market and introduce taxation of a number of operations with digital assets. Unnamed officials in the country’s government told Bloomberg that President Recep Tayyip Erdogan’s ruling AKP party plans to submit new rules to parliament not only for national cryptocurrency exchange platforms, but also for foreign companies. Legislators’ proposals include a minimum equity cap for cryptocurrency platforms

The Government of the Kingdom of Thailand will provide exemptions for the payment of value added tax for transactions with digital assets until December 31, 2023. Thai legislators made a proposal in March, but it was approved by the authorities only on May 24. According to the royal decree, transactions with cryptocurrencies and tokens will be exempt from paying value added tax on trading floors registered by the Ministry of Finance. The main goal of

Developers are conducting extensive testing on NFT-Devnet to bring non-fungible token functionality to the Ripple network. The innovation was announced by the developer of server software for the XRP ecosystem, Nik Bougalis. The network validators voted to activate the XLS-20 standard in the XRP Ledger Ripple (XRPL), aimed at bringing NFT functionality to the Ripple mainnet. This will be implemented through an upgrade of Ripple’s servers, allowing developers to create, trade, and destroy NFTs while

New cryptocurrency startup Flowcarbon aims to bring the voluntary market for carbon units to the blockchain. Adam Neumann, founder and former CEO of American commercial real estate company WeWork, has launched a cryptocurrency startup. His enterprise Flowcarbon will try to transfer the voluntary market for carbon units to the blockchain. The company has now closed a $32 million venture capital round led by Andreessen Horowitz (a16z) and raised an additional $38 million through the pre-sale

The largest crypto exchanges in South Korea, Bithumb and Upbit, have warned LTC owners about blocking confidential transactions that violate KYC and AML rules. Bithumb and Upbit have officially warned against transactions using Mimblewimble technology, which provides privacy on the blockchain. The use of anonymous transactions violates Korean reporting laws and regulators’ requirement for crypto exchanges to implement know-your-customer (KYC) and anti-money laundering (AML) procedures. Crypto exchange representatives warned that deposits created using Mimblewimble privacy

The British company Quantum Blockchain Technologies said that it has developed new approaches to the mining algorithm that improve the performance of the equipment. Quantum Blockchain began experimental bitcoin mining on its own platform a year ago using the standard version of the SHA-256 algorithm. In real time, the company’s specialists collected data on the mining parameters of the first cryptocurrency. Then the received information arrays were transferred for processing using machine learning tools and

Ethereum co-founder Vitalik Buterin and several other developers confirmed that the transition to the new Proof-of-Stake consensus mechanism could take place as early as August this year. The Ethereum Dev Council at the Permissionless conference said that the long-awaited transition to the Proof-of-Stake (PoS) consensus mechanism could take place as early as August this year, “if everything goes according to plan.” Developer Preston Van Loon said the team hopes to make the transition before the

Binance, the largest cryptocurrency trading platform, announced the completion of work on the integration of a second-level solution for the Optimism Ethereum network. Already now, according to the exchange website, users can make deposits in ETH through the Optimism solution. To do this, they will simply need to select the Optimism network on the top-up page. Support for Optimism will speed up the process of depositing ETH on the Binance exchange, as well as save

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