In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Lately, news headlines are focused on regulators’ concerns over the lack of investor protections in the cryptocurrency market, … Read more
In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%.Volatility … Read more
Miami Mayor Francis Suarez is pushing ahead with his mission to make Miami the crypto capital of the U.S. — and even the world. In a video interview this week, he told Bloomberg Technology that the work was a “major priority.”But to make progress, Suarez still needs approval from authorities in Tallahassee. Right now, Miami … Read more
The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian … Read more
A 31-year-old paediatric nurse who used to trade cryptocurrencies during lunch breaks has reportedly quit this job to become a full-time day trader with a seven-figure income. Dorgan, who is from Omaha, Nebraska, originally told his story to Bloomberg Businessweek for an article titled “These Out-of-Work Americans Tell Us Job Market Turmoil Is Anything But … Read more
Crypto Challenge by CoinSwitch Kuber is a new series where our host Rahul Dua meets common people and decodes basic concepts of cryptocurrency. In this episode, Rahul discusses the concept of Cryptocurrency and Bitcoin with school teachers. Download CoinSwitch Kuber now and join 10 million Indians on India’s largest crypto-trading platform.https://coinswitch.onelink.me/Mlip/9491f079https://www.youtube.com/c/CoinSwitchKuber Source link
Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. Yet, … Read more
A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels for broadcasting cryptocurrency scams.The TAG attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who hack the creator’s channel by offering fake collaboration opportunities. … Read more
What is the best thing the cryptocurrency ecosystem could do to ensure its global success? Boost the dominance of stablecoins. Anyone who disagrees is free to debate with Emin Gün Sirer, CEO of Ava Labs, the company behind the succesful Avalanche protocol, who explained to Business Insider that stability must reign in the world of … Read more
BNY Mellon urged the Department of Finance to introduce regulations for crypto assets while new EU rules are being developed. he American bank recently set up a base for digital asset custodian services in Dublin for institutional clients investing into crypto assets. BNY Mellon met Minister of State Seán Fleming in May to make the case … Read more
The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the country discovered that they could make money quickly by investing in cryptocurrencies. Thai Prime Minister Warns About Crypto Investing Ratchada Thanadirek, deputy spokeswoman for the … Read more
The technology surrounding cryptocurrencies can be downright overwhelming — so much so that people don’t know where to start their crypto journeys. Lack of knowledge is one of the top two reasons people pass on purchasing digital dollars. In fact, research shows that the cognitive cloudiness for crypto increases with age.Bakkt — an asset platform … Read more
Ukraine wants to build a top crypto jurisdiction, not the Wild West | Fortune Source link
Online broking firm Zerodha’s co-founder Nithin Kamath on Saturday explained why his platform does not offer cryptocurrencies, US stocks, digital gold or unlisted private companies. Taking to Twitter, Kamath said that unregulated items in stock market are not the best way to buy. “When you are regulated, everything is normally black & white. People keep … Read more
Cryptocurrency investing can be an adventure. There are over 12,000 coins to choose from, the market can post dramatic gains or losses in a single day, and crypto projects range from the world-changing to the ridiculous.Volatility is part and parcel of crypto investing. Getting caught up in cryptocurrency scams shouldn’t be. Sadly, crypto’s short history … Read more
Before we get into the nitty gritty of how one simple rule created the kind of insane return on investment noted in the headline, let’s be clear on one thing.You can’t copy this.Actually, no human can. Even a trading bot couldn’t replicate this particular strategy in real life, because it’s a thought experiment, a proof … Read more
Key Takeaways Cryptocurrencies are volatile, which presents risks when investing. Employing hedging strategies can minimize the risk of investing in crypto. Earning yield, allocating to larger projects, and storing assets safely can reduce the risks associated with crypto investing. Share this article Crypto investors can employ a number of strategies to minimize the risks associated … Read more
Bitcoin crushed by US dollar urfinguss “We are not anywhere near done until the number one coin is a stablecoin,” Emin Gün Sirer, CEO of Ava Labs, told Insider. Stablecoins have an advantage because they can be tied to assets like the dollar, which makes them less volatile. But stablecoins face questions from regulators about … Read more
Bitcoin has pushed to an all-time high above $66,000. Rafael Henrique/SOPA Images/LightRocket via Getty Images Bitcoin futures ETFs burst onto the scene this week, marking a new milestone for the crypto market. Insider talked to market experts about how the new ETFs compare to owning actual bitcoin. ProShares and Valkyrie launched their ETFs this week, … Read more
Bitcoin has rocketed through October, climbing as hype surrounding the first U.S. bitcoin futures exchange-traded fund (ETF) and fresh inflation fears galvanize investors. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price has added around 40% since this time last month, … Read more
Elon Musk, eat your heart out. When the Securities and Exchange Commission rapped the Tesla chief’s knuckles with a $20 million fine each for him and his company for his infamous August 2018 tweet falsely claiming Tesla might be taken private at $420 a share, he said it was worth it. Mr. Musk later reupped … Read more
The cryptocurrency market on Saturday, October 23, was back in the red zone with one of the most popular entities, Bitcoin, priced at $61,230.81. The global crypto market cap on this day was standing at $2.55 trillion. This made up for a fall of 1.76 per cent over the course of the last 24 hours. … Read more
The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million. Solana Takes the 6th Spot, … Read more
The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments … Read more
During a panel of incumbent financial institutions at Digital Assets Week, the moderator asked whether they see the biggest cryptocurrency exchange Binance as a threat. Hervé Francois, Digital Assets lead at ING, responded, “It reminds me of when we asked a similar question to the CEO of Blockbuster regarding Netflix. At that time, he said they’re … Read more
A widely followed crypto analyst is bullish on five altcoins following Bitcoin’s (BTC) big push to fresh all-time highs. The pseudonymous trader known as Credible Crypto tells his 251,200 Twitter followers that whales appear to be accumulating Convex Finance, whose CVX token powers the Curve Finance decentralized exchange (DEX). “Another million-dollar purchase of CVX … Read more
A formal move to green-light crypto trading by banks would probably be met with resistance by advocates of tough financial rules. The value of cryptoassets can shift dramatically — Bitcoin is up about 400 percent from last year — making it potentially risky for both banks and depositors to trade in them. Michael Hsu, the … Read more
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page.In June, the Thomson Reuters Institute and … Read more
Mark Cuban. Steve Jennings/Getty Images Mark Cuban praised cryptocurrencies and Robinhood for encouraging young people to invest. The “Shark Tank” star compared bitcoin to gold, and called for stablecoins to be regulated. The billionaire advised parents to join TikTok and YouTube to understand how children learn today. Mark Cuban praised cryptocurrencies for enticing young people … Read more
Party Round has announced a Facebook product designer as the winner of its BigTech Fellowship. Lauren Connolly is a single mom who has worked in Big Tech for over a decade. Her idea is to build a crypto-focused financial literacy platform. Lauren Connolly just won $50,000, so she quit her job at Facebook.For the past … Read more
Oct 22nd 2021CHINA WAS once king of the crypto mines. In September 2019 it accounted for three-quarters of the world’s bitcoin mining activity. Rural provinces were dotted with bitcoin mines that specialised in solving cryptographic puzzles in order to validate transactions made with the cryptocurrency. But in May 2021 the Chinese government, sensing a threat … Read more
A cellphone accessories shop that accepts Bitcoin in San Salvador, El Salvador. Camilo Freedman/Bloomberg Text size A Chinese family pays U.S. private school tuition in Bitcoin. A Kenyan working in Germany sends a remittance home, avoiding a fat commission. Cambodian villagers buy market supplies via QR code instead of stacks of cash. While U.S. investors … Read more
The attackers post fake profiles on legitimate dating sites. They connect with their targets through these sites and convince them to continue the conversation on a messaging platform. An international cryptocurrency trading scam is targeting iPhone users through popular dating apps, such as Bumble and Tinder, cybersecurity firm Sophos said.(Sign up to our Technology newsletter, … Read more
Cryptocurrencies face an uncertain and perhaps even tenuous evolution in commercial transactions. Crypto payments, done in the service of B2B, will have a clearer path toward their full potential only when and if corporates and FinTechs give voice to what they want to see from regulators, rather than just waiting for regulators to tell them … Read more
NEW DELHI: Crypto-asset investment and trading CrossTower is offering free credit of ₹5,000 to each Indian user’s wallet for trading in cryptocurrency on its platform. CrossTower has launched this feature to allow Indian users to learn crypto trading without investing their own. Users will be able to claim the ₹5,000 credit after completing the Know … Read more
The US National Basketball Association (NBA) has signed a multi-year deal with American crypto exchange Coinbase. The deal comes as the NBA is gearing up to host its 75th anniversary season. The exchange will also mark its presence in the WNBA Commissioner’s Cup, NBA G League Ignite as well as the USA Basketball men’s and … Read more
Vietnam is the home to Axie Infinity, the biggest crypto game that has gained massive popularity across Southeast Asia. As a result of its explosive growth, the demand for blockchain games in Vietnam, the Philippines, and Thailand is rapidly increasing. Cityscape of Ho Chin Minh Skyline. Ho Chi Minh City (Saigon). Vietnam. (Photo by: Godong/Universal … Read more
Top Indian Bitcoin exchanges are recording an over 100% increase in trading volumes in the last few days even as the value of the digital currency continued to soar with a single Bitcoin trading over the $66,000 mark on Thursday, buoyed by US regulatory permission for an investment vehicle allowing trade in Bitcoin futures granted … Read more
Crypto investing 101: How to work it into your portfolio strategy | Fortune Source link
Why is Crypto Social Trading Important? Unfortunately, most newbie traders often lose money due to a lack of basic technical analytics skills and a tendency to fall for market speculation. Social trading helps these inexperienced investors reduce the risks inherent in the capricious crypto market by offering them access to expert traders’ winning tactics. Crypto … Read more
The waitlist for Robinhood’s recently announced crypto wallet now has more than one million customers, the company’s CEO said Thursday, demonstrating cryptocurrencies’ increasing importance to the trading app.”We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Robinhood CEO Vlad Tenev said during CNBC’s Disruptor 50 summit on … Read more
Regulation of crypto assets such as bitcoin and ethereum is a hot topic globally. Countries are in various stages of banning, un-banning, re-banning and regulating crypto assets. We may take some cues from other countries, but what we need is smart regulation that’s made in India. To understand why, let’s take one oft touted benefit … Read more
Kingston upon Thames, United Kingdom–(Newsfile Corp. – October 21, 2021) – Burn-X is the latest in a long series of innovative HyperDeflationary tokens intended to excite investors with their unique characteristics. Burn-X is the next revolutionary HyperDeflationary token in the crypto market. Thanks to its lucrative smart contracts and high liquidity, it is presently the … Read more
As investors race to capitalize on surging interest in cryptocurrencies, startups are getting creative in how they onboard a generation of crypto users to their first wallets. Worldcoin is perhaps one of the most audacious efforts to bribe the world to embrace their currency. The startup, founded by OpenAI CEO Sam Altman and Alex Blania, … Read more
Bitcoin. Nurphoto Bitcoin plummeted to $8,200 on Binance’s US platform, Coin Telegraph first reported. The brief decline in the cryptocurrency was an 87% fall from $65,815. Binance’s CEO tweeted “expect very high volatility in #crypto over the next few months.” Bitcoin briefly plummeted to about $8,000 on Thursday – but only on the Binance US … Read more
Mark Mobius, the veteran emerging markets investor, warned of a potential cryptocurrency collapse that would be felt across global stock markets. “Cryptocurrency is something that could really blow up. If bitcoin crashes, it will probably affect stock markets across the world, although temporarily,” Mobius, one of the world’s most renowned investors, told Financial News. The price of bitcoin … Read more
After hitting all-time highs, stocks and crypto pull back in choppy trading | Fortune Source link
Bitcoin mining has earned a bad reputation for guzzling cheap electricity in the pursuit of profit. Now bitcoin miners are trying to go green, to a point. Companies that mine bitcoin are aiming to power their computers with renewable energy or sign up for data centers that rely on the sun or wind. Falling prices … Read more
New Delhi: Social trading platform Alpha Impact today launched its copy trading platform which allows cryptocurrency investors to copy bets made by top performing traders. Apart from copying the trades of seasoned investors, newbie investors can also access latest news from crypto experts and learn the art of crypto investing through masterclasses and guides. In … Read more
On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate … Read more