July trading volumes on decentralized exchanges beat June record
According to Dune Analytics, trading volumes on decentralized platforms surpassed the all-time high set in June. As of July 21, trading volumes have already reached $ 1.6 billion.
Trading volumes across four platforms – Uniswap, Curve, Balancer and Bancor Network – have already surpassed their June numbers.
One of the newly emerging decentralized trading platforms, Balancer, is close to doubling its June trading volume. It now stands at $ 160 million, up 72% from $ 93 million at the end of last month.
Trading volumes for July (для плашек)
Latvian Police Seize Crypto Worth. $126K in Bust of Suspected Cybercrime Ring
Latvian state police said they had dismantled an organized cybercrime ring, seizing over 110,000 euros in cryptocurrencies from the alleged perpetrators.
Police said Monday they had confiscated 110,000 euros-worth of bitcoin, ether, XRP and tether from the group.
Additionally, over 12 raids they seized 280,000 euros and $37,000 in cash, 11 properties and three cars.
The gang is alleged to have engaged in “large-scale” money laundering from 2015 through 2020.
Officials arrested and charged three suspects with committing cyber fraud, procuring reams of private account data on the dark web, laundering money through gold and cryptocurrency, and targeting at least 1,000 victims around the world.
India Leads Emerging Markets P2P Records
Numerous emerging crypto markets are showing significant growth in P2P trading, with India and Ghana showing tremendous growth throughout 2020.
Indian P2P markets have been picking up steam since the second quarter, with India’s December 2017 sales topping a record high of $ 2.95 million last month, after which have risen steadily above $ 3 million this month.
African P2P Markets Continue To Show Strength
After several weeks of explosive growth, Nigeria’s peer-to-peer markets have shown a slight recovery from last week’s record high of over $ 10 million, with approximately $ 9.9 million.
Crypto: Investors Flocking In Large Numbers To Altcoins
The total trading volume of DeFi summer tokens recorded a 97.9% rise in monsters.
Many crypto investors are flocking to DeFi assets, ahead of the two most valuable crypto assets in recent times. Last month alone, the trading volume of the entire cryptocurrency market fell by almost a quarter. At the same time, the total trading volume of Summer DeFi tokens showed a 97.9% growth in monsters.
The focus on crypto assets has shifted more towards lending protocols, decentralized exchanges, and a host of other DeFi-based initiatives. In doing so, attention has moved away from the perennial top caps. BTC, ETH, LTC, and BCH receive shares of the trading volume they received a year ago.
Korean government proposes to introduce new 22% tax on cryptocurrency
The South Korean government has proposed obliging crypto investors to pay the government more than one fifth of their profits.
The Ministry of Economy and Finance submitted a proposal on Wednesday to introduce a 22% tax, including a 2% local income tax, on profits from crypto trading in excess of 2.5 million won.
If approved by the Korean National Assembly, the tax rule will take effect in October 2021.
Russian Lawmakers Finally Pass Country’s Major Crypto Bill
Russia’s newly passed crypto bill finally provides a legal status to crypto, but does not allow it to be used as a payment method.
Russia passed a major bill today related to cryptocurrencies like Bitcoin.
The State Duma — Russia’s legislative body — has passed a bill titled “On Digital Financial Assets” in its final third reading, local news agency Regnum reports July 22.
Apple Co-Founder Steve Wozniak Sues YouTube Over Crypto Fraud
Apple co-founder Steve Wozniak has joined a legal scuffle suing YouTube over counterfeit cryptocurrencies using his image.
According to a July 22 announcement from law firm Cotchett, Pitre & McCarthy, Google and its subsidiary YouTube failed to protect users from fake bitcoin channels featuring images and videos of Wozniak and other celebrities. There are fraudulent giveaways on the hijacked channels, which say that anyone who sends cryptocurrency to a specific address will receive a lot more cryptocurrency in return, although in fact they will not receive anything.
Banks in the US can now offer crypto deposit services, regulator says
The Office of the Comptroller of the Currency allows all national banks in the United States to provide custody services for cryptocurrencies.
In an open letter dated July 22, Senior Deputy Controller and Senior Advisor Jonathan Gould wrote that any national bank can use unique cryptographic keys for a cryptocurrency wallet, paving the way for national banks to store digital assets for their clients.