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Bitcoin Undervalued, Crypto Now Better Than Real Estate - JPMorgan
26.5.2022
The Wall Street investment bank JPMorgan says digital assets have now replaced real estate as its “preferred alternative asset class,” and considers USD 38,000 a fair price for bitcoin (BTC)....
Read More: Bitcoin Undervalued, Crypto Now Better Than Real Estate - JPMorgan
Two Crypto Tax Proposals Defeated in Portugal, but Gov’t Likely to Follow up With Own Bill
26.5.2022
Portugal’s status as a crypto tax haven remains in serious doubt – despite the defeat of two bills calling for the rollout of taxes....
Read More: Two Crypto Tax Proposals Defeated in Portugal, but Gov’t Likely to Follow up With Own Bill
Bitcoin and Ethereum Struggle to Clear Key Hurdles, CELO and SAND Rally
26.5.2022
Bitcoin price traded in a range and remained strong above the USD 28,500 support zone. BTC attempted a close above USD 30,000 but struggled. It is currently (04:04 UTC) trading near USD 29,900 and is down 1% in a day and up almost 4% in a week.
Similarly, most major altcoins are trading below...
USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum's Merge + More News
25.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum's Merge + More News
Davos Watch: Real Interest Rates to Remain at ‘Nothing or Next to Nothing’ & Higher Inflation Target
25.5.2022
Inflation expectations in Europe have consistently drifted upwards, and despite rising nominal interest rates, the real rate is likely to be “nothing or next to nothing,” according to Klaas Knot, President of the Central Bank of the Netherlands. Meanwhile, a professor said that 3% is a more...
Bitcoin Mining Can be a Force for Good or Bad, Banning it Doesn’t Solve Anything – FTX.US President
25.5.2022
Bitcoin (BTC) mining can be a force for both good and bad, depending on how it’s done and where it happens. But countries thinking of banning it should know that miners will not hesitate to simply move somewhere else, FTX.US president Brett Harrison said at the World Economic Forum in Davos...
Crypto Industry’s Custody, Ownership Rights Are 'Fundamental Problems' That Need Solving - US Official
25.5.2022
The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the US Acting Comptroller of the Currency Michael J. Hsu.
The comptroller presented his opinion...
Skeptical Twitter Users Think SBF’s Proposed USD 1B Campaign Donation Is an ‘Investment’ Strategy
25.5.2022
Twitter users say they believe that the FTX crypto exchange’s multi-billionaire owner Sam Bankman-Fried’s plans to spend some USD 1 billion or more to fund the US Democratic Party’s 2024 presidential election campaign is a “calculated investment.”...
Read More: Skeptical Twitter Users Think...
South Korean Regulators to Inspect Companies Linked to Terraform
25.5.2022
South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of terra (LUNA) ecosystem coins.
In an exclusive article, the South Korean media outlet Money...
Bitcoin and Ethereum Recover Losses, ETC and KAVA Rally
25.5.2022
Bitcoin price declined below the USD 29,200 support zone. However, BTC remained well bid above the key USD 28,500 support zone. It is currently (04:10UTC) trading above USD 30,140 and is up 3% in a day, trimming its weekly losses to almost 1%.
Similarly, most major altcoins are recovering...
Brazil in Bitcoin Adoption Drive: Blockchain.com's Expansion, Miners' Tax Break, Real Estate Firm's BTC Choice
25.5.2022
Crypto adoption is gaining pace in Brazil, with the crypto wallet giant Blockchain.com looking to hire local staff, a major real estate firm committing to bitcoin (BTC) pay, and the government looking to incentivize crypto mining by waiving tax on imported mining hardware....
Read More: Brazil...
ECB on Crypto, African Bitcoin Hub, Coinbase in Fortune 500, Binance in Dubai + More News
24.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: ECB on Crypto, African Bitcoin Hub, Coinbase in Fortune 500, Binance in Dubai + More News
As Countries Advance Fiscal Cooperation, Higher Taxes Could Come Crypto's Way - Davos
24.5.2022
Developed countries from across the world are moving towards increased fiscal cooperation that could lead to tighter taxation of corporations but also of personal assets under the so-called wealth tax, as indicated by the participants of a panel held during this year’s edition of the World...
Coinbase 'Frequently' Asks Employees to Rate Each Other - Report
24.5.2022
Major crypto exchange Coinbase is reportedly asking employees to rate each other quite often after meetings and other interactions.
The cryptoasset company has been testing an app that asks employees to evaluate their colleagues and managers after interactions by giving them a thumbs up, thumbs...
IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress
24.5.2022
The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a “pyramid,” while also urging regulators to consider the “importance” of the world of crypto and central bank digital currencies (CBDCs).
Bloomberg quoted...
People Want Digital Cash, Governments Need to Accept That, Circle CEO Says
24.5.2022
There is a reason that “cash is king,” and people around the world want a digital form of cash that is private, offers final settlement, and cannot be “turned off” by a central party, argued Jeremy Allaire, co-founder and CEO of digital payments company Circle.
Allaire said that for...
Bitcoin and Ethereum Keep Failing Near Key Hurdles, LRC Rallies
24.5.2022
Bitcoin price attempted an upside break above the key USD 30,500 resistance zone, but failed to gain strength for a clear move and corrected lower. It is currently (04:03 UTC) down 3% in a day and is trading near USD 29,300. BTC is also down 2% in a week.
Similarly, most major altcoins...
Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam
24.5.2022
A South Korean woman who met a man on a smartphone chat app, drugged him, and stole USD 87,000 in crypto from his phone has been sentenced to five years in prison....
Read More: Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam
Japanese Opposition Leader Urges Crypto Tax Reform to Provide Nation with Web3 Boost
23.5.2022
Japan could be set to overhaul its crypto tax system – with opposition leaders joining a chorus of MPs and business leaders calling for a change in tax law to stop an “outflow” of crypto-related talent and convince Japanese crypto firms not to relocate overseas....
Read More: Japanese Opposition...
Bitcoin & Crypto Fund Flows Turn Negative, Continued Headwinds Likely
23.5.2022
Crypto fund flows turned negative last week, after strong inflows the week before, bringing total assets under management to their lowest since July 2021. In addition, both on-chain signals and the crypto derivatives market is painting a bleak picture for the near term....
Read More: Bitcoin...