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MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto

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To assist users in recovering stolen funds, Metamask has partnered with Asset Reality, a platform for accessing and recovering seized crypto and digital assets. The service is free, but customers must pay any applicable litigation fees.

The new collaboration has the potential to make legal action against scammers considerably easier for victims, as they will be able to pool their resources and split the costs of litigation.

how to steal bitcoin
MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto 2

MetaMask’s initiative to assist victims

Metamask is one of the most popular non-custodial wallets in the world, with over 30 million monthly active users. However, as cryptocurrency’s popularity has grown, so has the number of frauds and phishing attempts aimed at early adopters.

Scams involving stolen assets have been particularly difficult to combat because Metamask does not have access to users’ cash. The decentralized nature of cryptocurrency, which is based on pseudo-anonymity and immutability, has made it difficult for entities to track and recover stolen cash.

According to the official release, the new cooperation intends to assist users in recovering their digital assets, with Asset Reality in charge of researching scam operations.

All Metamask users throughout the world will be able to use the new service. Victims must report their losses through the official Metamask site, according to the press release.

Aidan Larkin, the company’s CEO, saw the relationship as a critical step toward closing a gap in the sector:

“When a user has funds stolen, often due to being scammed into handing over their passwords or Secret Recovery Phrase, they often have nowhere to turn to, in what is an incredibly difficult time for them emotionally and financially.”

According to Asset Reality, the usual system demands victims to pay a significant amount of litigation fees during the lengthy litigation process. The company will bring victims together to pursue collective action in order to change how things are done. In this approach, even users who have suffered a minor loss may be able to reclaim their possessions.

Binance Joins Hands With Kazakhstan to Develop a Crypto Framework

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Binance, the world’s largest cryptocurrency exchange, and blockchain infrastructure provider, announced the signing of a Memorandum of Understanding with Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace Industry.

The parties stated a shared interest in the country’s virtual asset market development in the agreement.

The Memorandum of Understanding was signed during CZ’s official visit to Kazakhstan. Binance CEO Changpeng Zhao visited Kazakhstan on May 25, 2022, and met with President Kassym-Zhomart Tokayev, Timur Suleimenov, First Deputy Chief of Staff of the President of Kazakhstan, and Bagdat Musin, Minister of Digital Development, Innovation, and Aerospace Industry of the Republic of Kazakhstan.

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Binance Joins Hands With Kazakhstan to Develop a Crypto Framework 4

Kazakhstan will develop a regulatory crypto framework with Binance

Binance will assist in the development of the Republic of Kazakhstan’s legislative framework and regulatory policy for crypto-assets.

Under the terms of the agreement, the Republic of Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace Industry and Binance will look for ways to integrate banking infrastructure into the cryptocurrency market, as well as facilitate the development and implementation of distributed ledger technology.

The Ministry of Finance and the exchange will work together to promote Astana Hub among local and international talent, allowing for the establishment of a regional blockchain hub.

“As a global leader among crypto exchanges, Binance takes responsibility for the whole ecosystem. Together with CZ, we considered the Binance roadmap in Kazakhstan. We also discussed the potential of creating a blockchain-oriented VC-fund and academy to help local talents from Astana Hub to go global. We really believe Kazakhstan can become a regional hub for international players in the crypto world.”

Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan Bagdat Musin

In addition, the Ministry is involved in the formulation and implementation of state policy in the areas of innovation, communications, public services, and electronic industry in the context of the country’s digital development.

Crypto Transfers in Thailand Will Be Exempt From VAT Until 2023

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Investors who move cryptocurrencies and digital tokens through Thailand exchanges will be eligible for a 7% VAT exemption on their transactions.

The tax break was enacted retroactively from April 1, 2022, according to a decree published in the Royal Gazette on Tuesday. According to local media, it will stay in effect until December 31, 2023.

The government approved the policy in March, and it applies to trading platforms that are registered with the Ministry of Finance. The judgment is now part of Thai law, as it takes effect the day after it is published in the official journal.

Thailand’s decision to promote cryptocurrency

The major goal of the tax exemption, according to the document, is to promote cryptocurrency trading on recognized exchanges, allowing crypto transactions to be regulated and supervised by appropriate authorities such as the Securities and Exchange Commission (SEC).

Thailand’s Finance Minister, Arkom Termpittayapaisit, is foolproof that the country’s cryptocurrency exchange will become more dependable and stable as a result of the reduced tax restrictions.

Ekniti Nititthanprapas, Director-General of the Revenue Department, noted that crypto trading would be easier for investors, who will benefit from fair tax treatment and secure transactions, while Thailand’s image in the global digital sector improves.

Another royal directive published on May 24 exempts transfers done with the retail central bank digital currency of Thailand’s monetary authority from VAT (CBDC).

In December, the Bank of Thailand said it would begin testing the CBDC as an additional payment option in financial institution-to-customer transactions in late 2022.

Thailand has seen a substantial increase in cryptocurrency investment and trade in recent years. The country’s financial regulators took efforts to prohibit the use of cryptocurrencies for payments in late March, citing the need to avert different financial and economic concerns, with the SEC releasing guidelines meant to deter digital asset operators from offering such services.

How to Play Craps at Crypto Casinos

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In most crypto casinos, craps is one of the most popular dice games. The more dice a craps game has, the more challenging and pleasant it is. 

Punters place wagers on the outcome of a die roll in this classic dice game. Also, this game offers a wider range of wagers than most other table games at crypto casinos.

Basic Rules of Craps at Crypto Casinos

To play online at crypto casinos, you must first understand that the game uses a regular pair of dice and that the number of players is unlimited. In the event that there are many “throwers,” the dealer rolls the dice, and the outcome is decided by chance. The dice are rolled by the player who begins the game.

The outcome of the dice roll depends heavily on the numbers that are rolled. Keep in mind that stakes at crypto casinos are often placed prior to the dice roll. Craps has a wide variety of wagers that you should be aware of before you begin playing. 

The only difference between regular and standard craps in crypto casinos is that you must place bets with cryptocurrencies at crypto casinos. Due to the fact that craps at crypto casinos is a round-based game, you have the option to place multiple stakes at once. The stakes are spread out across the table, with each section designated for a certain type of wager. 

A “shooter,” or “thrower,” is a player who rolls a die. The dice roll result determines whether or not you win or lose. In most games, a new shooter takes the field for each round. 

If the player’s first throw is a 7 or 11, the game is over. A “crap” occurs when two, three, or twelve dice are thrown; this results in a loss of the round. It’s still possible for the player to go on and win further rounds in the game.

Notably, both dice must be rolled by one hand, and the shooter must throw a dice as far as possible from opposing ends of the table. If you don’t, you’ll lose the round, and it won’t be counted.

Types of Craps Bets

In crypto casinos, craps provide a wide variety of wagering possibilities, which makes the experience more interesting. It’s important to be familiar with each one in order to place wagers with the most efficiency.

Pass Bet

The Pass Line bet is what you should wager if you are following the basic rules of craps. In this case, you’re wagering that the shooter will roll a 7 or an 11.

Come Bet

Following the establishment of the point, you can place a bet similar to the Pass. You win if the following bet is a 7 or 11. Your come-bet point is made by placing a wager on a different number, and if that number rolls before your opponent does, you take the prize.

Don’t Pass Bet

If you wager on Don’t Pass, you’re betting against the shooter making their point before evening-out or crapping out.

Don’t Come Bet

Your goal is to win money by betting that the shooter will miss or fail to score a point.

Place Bets

A Place bet can be made after the point has been set. It’s a wager on the outcome of the next roll of the dice before the shooter sevens out. For instance, if the point is 6, you can place a wager on any of the other possible point numbers: 4, 5, 8, 9, or 10.

Big 6 or Big 8

When the 6 is the bet, you’re wagering that a 6 will roll before a 7. After placing an eight on the table, you’re placing a wager that an 8 will roll before a 7. If you place this wager, you’ll get paid out at a rate of evens.

Important Tips for Bitcoin Craps

There is nothing complex about playing at crypto casinos for fun or staking real money to try your luck. You may improve your chances of winning at crypto casinos by utilizing a wide variety of ideas and techniques.

Be Familiar with Craps Strategies

To play craps at crypto casinos better, you require a little research and understanding of the game’s rules. Craps is a simple game to play at most crypto casinos online, but you should familiarize yourself with the most important tactics. 

Luck is a major factor in games, but a well-thought-out strategy can increase your chances of victory. Avoid tossing the dice at random and instead devise a plan that anticipates your next step.

Use Different Betting Options

In many crypto casinos, craps is a popular game because of its many betting options. Rather than relying on an assumption, it’s best if you know what each of the betting selections means. Try not to put all your money on just one bet. 

You should think about putting down a variety of wagers when staking at crypto casinos to spice things up. Making the most of the game’s potential can mean altering the rewards and winning odds. You may alter the game to your liking and influence other players as a result of your stakes.

Make Correct Bets

Craps is a game where your good fortune is everything. Since it is not a game of skill, it is impossible to alter the gameplay once the wager has been placed. Be careful not to risk more funds than you can afford to lose. 

Don’t wager unnecessarily large sums of money in your crypto wallets. For this, you need to figure out how much you’re willing to lose and stick to it.

The danger in it is that you may come to regret placing such a large wager and wind up losing your Bitcoins. It is essential to place appropriate stakes to take advantage of craps titles at crypto casinos.

Conclusion

Online crypto casinos currently provide a wide range of deposit and play options for mobile craps players. On the other hand, traditional payment methods may fall short in providing the advantages you need.

It goes without saying that gaming with cryptocurrency takes a minor adjustment. A cryptocurrency exchange is where you’ll acquire your digital currency and then deposit the funds into your crypto casinos’ account. You’ll have no problem playing at any crypto casinos after you’ve mastered this feature.

MasterCard Exec Is Bullish on Crypto and Says Mass Adoption Is Right Next Door

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Harold Bossé, MasterCard’s Vice President of New Product Development and Innovation, believes that crypto assets and blockchain technology will be widely adopted sooner rather than later.

According to estimates, millions of people are already consuming and sending crypto assets around the world, as Bossé stated in a blockchain webinar on May 24.

“They are early adopters and new adopters, but we have switched toward mass markets, [and] that will be a very important aspect for financial institutions to move into the space.”

MasterCard VP

MasterCard VP noted some challenges for crypto

He did point out that there are several obstacles to overcome before cryptos become popular. He cited a lack of top management awareness, business reasons concerning scalability, cost, and speed, as well as regulatory considerations.

Bossé, like many others before him, compared the current status of the crypto business to the internet’s early days. “Think about the dawn of the internet; no one could have predicted that Amazon would become a reality – you need the internet for Amazon to function,” he said before adding:

“We’re in the same situation: How do we transform the lives of people and go into demographics or groups of people who don’t really think about blockchain first but think about their business problems?”

With crypto-backed credit services and the recent filing of NFT and Metaverse trademarks, MasterCard has already shown interest in the crypto sector.

Bitcoin and Ethereum, for example, are large cryptocurrency networks that answer a few very specific needs. BTC offers almost instantaneous, low-cost money transfers across international borders, while ETH offers a decentralized application and smart contract Web3 economy. There are many more for the plethora of crypto projects that have sprung up in recent years, but only the most resilient will survive.

The remarks come as cryptocurrency prices continue to fall in what appears to be the start of a long bear market.

Bear markets are frequently regarded as beneficial because they eliminate speculators and leveraged gamblers, allowing strong hands and those who actually believe in what cryptocurrency stands for – financial freedom – to thrive. They also provide investors more time to investigate and accumulate in anticipation of the next bull market.

WeWork Founder Enters Crypto Space by Raising $70M for His Crypto Carbon Credit Project

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Adam Neumann has hopped on the crypto bandwagon, raising $70 million in the first major investment round for his climate tech firm Flowcarbon three years after being deposed as CEO of WeWork.

By putting carbon credits on the blockchain and crypto, the project wants to make carbon trading more accessible.

Neumann is an Israeli-American businessman and investor best known for cofounding WeWork in 2010, a firm that was once hailed as the future of workspaces.

However, everything came crumbling down in 2019 when the firm attempted to go public, exposing WeWork’s unproductive business model and dubious managerial behavior. The company went from a private valuation of $47 billion in August 2019 to bankruptcy talks just six weeks later, with Neumann under pressure to resign as CEO.

Flowcarbon’s co-founders include Adam and his wife, Rebekah Neumann, as well as CEO Dana Gibber and COO Caroline Klatt, both of whom are co-founders of Headliner Labs, a company that builds AI-powered chatbots for large media organizations. Neumann’s personal family office is run by Ilan Stern, another co-founder of Flowcarbon.

A crypto initiative to save the planet

According to Flowcarbon, Silicon Valley financiers Marc Andreessen and Ben Horowitz’s a16z crypto venture capital firm contributed $32 million to the last investment round. General Catalyst and Samsung Next are two more investors.

A token sale of Flowcarbon’s first crypto carbon-backed token, the Goddess Nature Token, raised another $38 million (GNT).

The firm advertises itself as a leading climate technology firm focused on developing market infrastructure for the voluntary carbon market (VCM). Flowcarbon hopes to make the purchase, sale, and trading of carbon credits more accessible and efficient than the present carbon markets by tokenizing carbon credits on the Celo blockchain.

Carbon trading is a market-based approach for lowering greenhouse gas emissions that cause global warming.

Carbon credits can be purchased by businesses to offset their carbon emissions through programs that remove or reduce greenhouse gases from the environment, such as forestry efforts.

Flowcarbon, on the other hand, claims that the voluntary carbon market is now “inefficient, opaque, and inaccessible,” with brokers and advisers charging up to 20% in fees, many transactions taking place behind closed doors, and carbon credit pricing varying depending on the buyer.

The voluntary carbon market option proposed by Flowcarbon is not unique. Toucan Protocol, JustCarbon, and Likvidi are three other projects that attempt to make purchasing and trading tokenized carbon credits easier.

It was an obvious area where blockchain technology could help, according to Arianna Simpson, General Partner at a16z.

Crypto Lottery: Winner Takes All

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When it comes to gambling, there are a lot of different options to choose from. You can visit a physical casino, play games online, or try your luck at a lottery.  Each of these options has its own unique set of pros and cons, so it’s important to understand what each one entails before making a decision.

If you’re interested in playing games online, there are a few things you should keep in mind. First, make sure the site is reputable and has a good reputation. There are a lot of scams out there, so it’s important to do your research before depositing any money. Second, make sure you understand the rules of the game. There are a lot of different types of games available online, so it’s important to know what you’re getting into. Finally, be aware of the bonuses and other incentives offered by the site. Many sites offer sign-up bonuses, which can be a great way to boost your bankroll.

Finally, if you’re thinking about playing the lottery, there are a few things you should keep in mind. First, make sure you understand the odds of winning. The odds of winning the lottery are very slim, so it’s important to be realistic about your chances. Second, make sure you know how to play the game. Lotteries can be confusing, so it’s important to understand the rules before you buy a ticket. Finally, make sure you’re playing the right lottery. There are a lot of different lotteries out there, and not all of them offer good odds.

Some lotteries require that players make a minimum deposit in order to participate. Others may limit the number of free tickets that players can receive. It’s important to read the rules and regulations of each lottery before deciding whether or not to play.

Crypto Lotteries – Terms and Conditions

When you enter a crypto lottery you are agreeing to the terms and conditions set forth by the operators. These terms and conditions usually include things like eligibility requirements, how tickets can be purchased, how the winning numbers are chosen, and what happens if you win.

It’s important to read through the terms and conditions before entering any bitcoin lottery, as they can vary from lottery to lottery. If you have any questions about the terms and conditions, be sure to contact the operators before entering.

It’s also important to stay safe and secure while playing. Here are some tips to help you do just that:

1. Make sure the lottery is reputable. There are a lot of scams out there, so be sure to only play at reputable lotteries.

2. Use a strong password. This is important for any online service, but especially important when playing a bitcoin lottery.

3. Keep your computer protected. Make sure your computer has up-to-date security software and is protected from malware and other threats.

4. Don’t share your information with others. This includes your password, email address, and any other personal information.

5. Be careful when clicking links. Phishing scams are common, so be careful when clicking on links in emails or on websites. If something looks suspicious, don’t click it.

6. Stay up to date on the latest security news. By keeping up to date on the latest security news, you can stay informed about the latest threats and how to protect yourself.

WSJ Claims Crypto Has An Insider Trading Problem; Binance & FTX Denies It

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A Wall Street Journal article on insider trading in crypto platforms has caused quite a stir. Citing publicly available data, the article claimed that several anonymous crypto investors profited from inside knowledge of when tokens would be listed on exchanges.

It then takes back to August 2021 when one unknown crypto wallet had acquired a stake worth $360,000 of Gnosis coins, days before Binance revealed via a blog post that it would list Gnosis, to be traded among its users.

Shortly after the announcement, the wallet took advantage of the token’s rising price and began liquidating it entirely. As per an analysis performed by Argus Inc, the anon wallet netted a profit of about $140,000 and a return of roughly 40%.

The same wallet also exhibited similar patterns with at least three other tokens.

The report further said that the wallet was among 46 that purchased a combined $17.3 million worth of tokens that were listed shortly after on Coinbase, Binance, and FTX. However, the identity of the wallet’s owners remains unknown.

Crypto Exchanges’ Reaction To The WSJ Report

Spokespersons from both Binance and FTX said they are studying the analysis before confirming the trading activity in Argus’s report didn’t violate their policies. Coinbase maintained it has compliance policies in place which prohibit employees from trading on privileged information.

A Binance representative divulged that employees have a 90-day hold on any investments they make and that leaders in the company are mandated to report any trading activity on a quarterly basis.

“There is a longstanding process in place, including internal systems, that our security team follows to investigate and hold those accountable that have engaged in this type of behavior, immediate termination being minimal repercussion,” she said.

The spokesperson also said none of the wallet addresses were linked to its employees

In an email sent to WSJ, FTX CEO Sam Bankman-Fried a.k.a SBF wrote that the firm has a zero tolerance policy toward employees from trading on or sharing information related to upcoming token listings.

“The trading highlighted in Argus’s analysis didn’t result from any substantive violations of company policy,” SBF added.

Panama President Refuses to Sign the Crypto Law Until Stern Anti-money Laundering Measures Are in Place

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Panama’s president has refused to sign new crypto laws into effect, citing the necessity for tougher anti-money laundering (AML) compliance procedures.

The bill, which focused on issuing licenses to crypto exchanges and regulating transactions, was enacted by the country’s legislative assembly. The bill, according to President Laurentino Cortizo, demands stricter anti-money laundering safeguards for cryptocurrency.

In Panama City, President Cotizo spoke at the Bloomberg New Economy Gateway Latin America conference about his stance on the law. He is not anti-crypto but insists that the market follows worldwide anti-money laundering regulations.

“If I’m going to answer you right now with the information that I have, which is not enough, I will not sign that law. I have to be very careful if the law has clauses related to money laundering activities. Anti-money laundering activities are very important to us.”

One legislator even proposed legislation to make bitcoin an official tender, but the proposal never materialized. Instead, the national assembly passed a crypto law that allows people to pay for various goods and services using digital assets. To further legitimate the process, it aims to develop an official digital wallet.

Lawmakers are going all-in on crypto regulations

Panama has joined a growing list of governments interested in implementing cryptocurrency and blockchain technology. El Salvador is at the top of the list, despite the fact that the results of its efforts have been uneven.

The Central African Republic recently made bitcoin legal tender, prompting the International Monetary Fund (IMF) to warn that the measure carried economic risks.

Other countries have expressed interest in using blockchain technology and digital assets to boost their economy, but they are hesitant to make bitcoin official tender.

Instead, they’re attempting to create a medium ground that allows for the limited use of digital assets or blockchain technology, which should benefit the market. Even if current prices may not reflect it, the market is expected to grow this year.

The whole market has been in a bloodbath for the past week. The rate of recovery is currently slow but might soon catch up.

India Is Eyeing to Impose GST on Foreign Crypto Exchanges

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India is considering imposing a “reverse charge” on virtual digital asset investments made through foreign platforms.

A reverse charge is a tax owed by the recipient of goods or services rather than the supplier.

The burden of goods and services taxation (GST) will rest on an Indian investor who purchases services from a domestically unregistered crypto exchange.

“If a crypto exchange is situated in India and is not subject to GST, then the receiver will be obligated to pay GST on a reverse charge basis,” a source told Business Today TV.

According to reports, depending on commissions gained through crypto transactions, the percentage of this reverse charge maybe 18 percent.

India might blow up the crypto growth in the country

India is considering expanding the scope of its goods and services tax (GST) to include cryptocurrency. While the judgment is expected this month at the GST council, investors have already been paying 30% tax on cryptocurrency earnings since April 1.

“[The government] is unlikely to tax crypto on the overall value of the transaction, per se,” the source added to Business Today. The conversations are at a point where more thought is required.”

The Reserve Bank of India (RBI) warned the Parliamentary Standing Committee on Finance recently that bitcoin could lead to “dollarization.”

The problem with using foreign currency in any economy, according to Jaijit Bhattacharya, president of the Centre for Digital Economic Policy Research, is that the central bank lacks authority over the currency when using monetary policy tools.

Meanwhile, the RBI’s tough position on cryptocurrency continues to cause investors legal concerns.

Despite such worries, the Confederation of Indian Industry (CII) president Sanjiv Bajaj stated in another interview that the business should be controlled rather than outlawed. The Indian government is actively developing a cryptocurrency policy. However, crypto earnings are already subject to a 30% tax rate. On July 1, a 1% tax deducted at source (TDS) will be imposed on cryptocurrency transactions.