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RocketFuel to Offer Cannabis Dispensaries Crypto Payment Options

Cannabis dispensaries and merchants will soon be able to use crypto-payment solutions from RocketFuel. Crypto-payment provider, RocketFuel, announced it will be offering its payment solutions to qualified cannabis-related businesses. The press release from RocketFuel states that crypto-payment solutions will be available for licensed cannabis dispensaries and merchants to utilize. RocketFuel currently supports upwards of 50…

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Tether Hits Back at Fraud Allegations, Calling Them ‘Stale Claims’

Bloomberg published an article on Monday, citing unnamed sources, stating that the United States Department of Justice (DOJ) is investigating Tether.  Tether has responded to a Bloomberg article published earlier Monday that claimed the stablecoin issuer is being probed by the DOJ. The alleged investigation is to determine if Tether executives committed bank fraud in…

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Cleveland Cavaliers Become Latest NBA Signing by Socios

Socios fan platform inks deal with Cleveland Cavaliers, further spreading its reach into North America. The Cleveland Cavaliers have a new teammate of sorts. The historic NBA franchise has announced a  team partnership with Socios.com, a blockchain-based fan token platform. Socios is a direct-to-consumer (D2C) platform that uses blockchain technology to give the world’s sports…

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Adult Content NFT Platform Secures Record Funding

RarePorn is a non-fungible token (NFT) marketplace using tech to reroute the adult content industry. The blockchain-based decentralized porn platform is bringing ethics back to a space that has long been shrouded in judgment and controversy. RarePorn raised the largest amount of funding in France this year totaling $5.8 million.  RarePorn is built on the…

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Bitcoin ETF Approval Years Away, Says Failed ETF Applicant

The SEC may not approve a Bitcoin exchange-traded fund (ETF) until 2022 or 2023, says Wilshire Phoenix co-founder William Cai. Cai has first-hand experience in dealing with the SEC and its bitcoin ETF approval process. The SEC rejected Wilshire Phoenix’s bitcoin ETF application in February 2020. This gave the fund provider insight into why the…

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Binance Reduces Margin Trading to 20x, One Day After FTX Announcement

Binance CEO Changpeng ‘CZ’ Zhao has announced that Binance will also be reducing margin trading levels to 20x as the maximum possible leverage.  The Binance CEO made the announcement on Twitter on Monday. The news now means users trading leverage on Binance will only be able to use a maximum leverage of 20x. Binance has…

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Santo Blockchain, Jerome Peschard Release XR-NFT Series

Santo Blockchain Labs have joined forces with French artist Jerome Peschard to create an XR-NFT art series like nothing the cryptocurrency market has seen before.   Santo Blockchain Labs, a creative blockchain software development company has joined forces with renowned French pop artist Jerome Peschard, to bring to life a new series of NFTs called XR-NFTs…

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South Korea Tightening Crackdown on Crypto Tax Evaders

The South Korean government is looking to revise tax codes enabling financial authorities to seize crypto assets held in tax dodgers’ wallets. Currently, regulations make it difficult to access crypto assets stored in personal wallets. This is particularly the case with assets kept offline in cold wallets. However, those accessible through some hot wallets such…

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Five Biggest Altcoin Gainer Showcase — July 19-26

BeInCrypto breaks down the five biggest altcoin movers and shakers from the previous week. Will their momentum continue? The five altcoins that increased the most last week were: Axie Infinity (AXS): 115.83% Telcoin (TEL): 56.31% THETA (THETA): 37.38% Internet Computer (ICP): 31.50% OKB (OKB): 29.26% AXS AXS has been increasing since it reached a low…