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Positive News for Two Biggest Cryptos: Hope Sparked for Spot BTC ETFs; Goldman Sachs' ETH-Based Options Contracts
7.4.2022
There's some positive news for the two biggest cryptoassets in the world. The approval of a new bitcoin (BTC) futures-backed exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has again sparked hope that a spot-based bitcoin ETF could come next. Meanwhile, investment...
Indian Parliament Member Insists Crypto Is Like Gambling — Wants to Tax at 50%
7.4.2022
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member...
Investors Show Rising Interest in Crypto, but Financial Illiteracy Hampers Investments - Surveys
7.4.2022
A series of recent polls are indicating a surge in interest in cryptoassets by US investors from across the generational and ethnic spectrum, but obstacles such as financial literacy gaps and inaction in dealings with financial advisors continue to hamper an accelerated crypto adoption...
Crypto ETPs & ETFs to Surpass USD 120B Under Management in Six Years – Analysts
6.4.2022
The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence.
This figure...
Block Notifies 8.2M Customers After Breach of Cash App Investing
6.4.2022
A former employee improperly accessed reports related to U.S. customer accounts. The reports did not contain personally identifiable information
MicroStrategy Spends USD 191M on Bitcoin After Last Week’s Loan
5.4.2022
US-based enterprise software firm MicroStrategy has purchased another BTC 4,167, worth some USD 190.5m, the company’s CEO Michael Saylor announced on Tuesday.
Tuesday’s announcement that the firm has added even more bitcoin (BTC) to its already massive holdings follows news from last week that...
Crypto Investment Products See New Week of Large Inflows, European Investors Dominate
4.4.2022
Inflows into digital asset investment products reached USD 180m last week. The figure marks a decline from a revised number of USD 244m the week before, when inflows reached their highest level since 2021, according to the crypto investment firm CoinShares.
The inflows into crypto-backed...
Private Equity Fund Reportedly Plans to Buy Majority Stake in Japan Major Crypto Exchange
4.4.2022
A Japanese, Singapore-based private equity fund is allegedly set to buy a controlling stake in bitFlyer, Japan’s major crypto exchange.
Per Nikkei and CoinPost, the move has been made by the ACA Group, which has agreed on a deal with a coalition of shareholders of the firm bitFlyer Holdings....
About 50% of Surveyed Crypto Owners Made Their First Buy in 2021 - Gemini
4.4.2022
Nearly half of the surveyed crypto owners made their first crypto purchase last year, according to a survey commissioned by crypto exchange Gemini.
Specifically, some 50% of cryptoasset owners from the US, Latin America, and the Asia Pacific region bought their very first crypto in 2021,...
DBS Retracts Plans to Launch Crypto Exchange for Retail Investors, Cites Regulatory ‘Environment’ Concerns
4.4.2022
The Asian banking giant DBS appears to have reeled in plans to open its crypto exchange services to retail investors – and has apparently been spooked by regulatory concerns....
Read More: DBS Retracts Plans to Launch Crypto Exchange for Retail Investors, Cites Regulatory ‘Environment’ Concerns
Recent Poll Suggests 21% of Americans Have Dabbled in Crypto
3.4.2022
A recent poll conducted by NBC News indicates that one in five Americans has used cryptocurrencies by either investing or trading digital assets. The findings suggest that crypto assets continue to become more popular as 21% of the 1,000 participants surveyed have “dabbled” in crypto...
5 NFT Trading Strategies For JPEG Traders
2.4.2022
If you don't have a strategy, you cannot successfully invest in or trade any asset – stocks, bonds, crypto, etc. The same rule applies to NFTs.
With the boom in the NFT market last year, we have witnessed more investors allocating capital toward NFTs. And with that, numerous NFT investment...
Walking the Crypto Tax Tightrope in US
1.4.2022
Co-Authored by Jaideep Singh, CEO of AI-powered, SaaS platform FlyFin, Luke Olson, CPA, and Sridevi Yathirajyam, EA, FlyFin.
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Read More: Walking the Crypto Tax Tightrope in US
Hayes Says He Aims to Rebalance Portfolio in Favor of Ethereum, Sets New Price Target for ETH
1.4.2022
Former BitMEX CEO Arthur Hayes hinted he may rebalance his investments away from bitcoin (BTC) and in favor of Ethereum’s native ETH token, arguing “a massive wall of money” will enter ETH once it is seen as an ESG-friendly, yield-bearing asset to push its price north of USD 10,000.
Writing...
Crypto ownership among Norwegian women doubles, mirroring global trends
31.3.2022
According to a recent survey from Arcane Research, the number of Norwegian women that own cryptocurrency has doubled from 3% to 6% in just one year
88% of Surveyed High-Net-Worth Art Collectors Interested in Buying NFTs
30.3.2022
A whopping 88% of high-net-worth (HNW) traditional art collectors say they are interested in buying digital art in the form of NFTs, a new report on the art market for 2022 has found.
According to The Art Market 2022 report, which is published jointly by the annual art exhibition Art Basel...
MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC
29.3.2022
MicroStrategy, the US-based enterprise software firm led by Bitcoin (BTC) bull Michael Saylor, has taken a bitcoin-secured loan of USD 250m from Silvergate Bank, with the company planning to use the money to buy even more BTC.
The loan, issued as an interest-only term loan by Silvergate Bank...
Bitcoin to $58K next? A 2019-like 'reversal ascending triangle' hints at more upside for BTC
28.3.2022
BTC price charts suggest that $52,500 should be a very challenging resistance level to flip
Nexo and Amber Group executives claim 'exponential' growth in crypto institutional investment
25.3.2022
Panelists at the Blockchain Africa Conference 2022 discuss the significant potential of cryptocurrency institutional investment while highlighting the challenges it still faces
India Confirms Discriminatory Tax Rate for Crypto Investors
25.3.2022
Starting April 1 this year, and despite the crypto sector’s efforts, cryptoasset gains in India will be taxed at 30% - the highest tax bracket, the nation’s Parliament confirmed today. In comparison to this tax, the tax rate on stock trading ranges from 0% to 15%.
From now on taxed the same...