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Author: Oluwapelumi Adejumo

Nigerian lawmakers eye economic boost through crypto taxation

The Nigerian Federal Inland Revenue Service (FIRS) plans to introduce legislation to tax the growing crypto sector, according to local media outlet Business Day. FIRS Executive Chairman Zacch Adedeji announced this during a session with the National Assembly’s Finance Committees, highlighting that the new regulation would drive economic growth while encouraging innovation…

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LiFi integrates ThorChain for seamless Bitcoin swaps across EVM chains

LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies the exchange of the flagship asset for other cryptocurrencies within these networks…

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El Salvador’s Bitcoin City port transformation secures $1.6 billion investment

El Salvador President Nayib Bukele announced that Turkish company Yilport Holdings will invest $1.6 billion—the largest private investment in the nation’s history—to upgrade two ports, including one in the home of the proposed Bitcoin City, according to an Aug. 12 video statement. Bukele’s video revealed that Yilport would be upgrading the ports at Acajutla and

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