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88% of Surveyed High-Net-Worth Art Collectors Interested in Buying NFTs


  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


  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...

India Confirms Discriminatory Tax Rate for Crypto Investors


  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...

Ethereum Staking Sees Accelerating Growth Ahead of Merge


  Staking of Ethereum’s native ETH tokens is accelerating ahead of ‘the Merge,’ with more than 9% of the entire supply of ETH now locked in staking protocols. Meanwhile, exchanges are being depleted of their ETH supply, as more investors are taking their tokens into their own custody and staking...

Robinhood Unveils New Debit Card That Promises Bonuses For Crypto Investments


  Amid an intensifying competition for customers, the US online trading platform Robinhood has rolled out a new cash card that offers various rewards to its users, including crypto bonuses, with a waitlist available to the platform’s customers. "The Cash Card builds on our mission to democratize...

Ombudsman Receives Complaints About Crypto Investments in Spain


The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees...

DeFiance Founder's USD 1.76M Loss is a Lesson For NFT Investors


  Founder of the cryptoasset fund DeFiance Capital, Arthur Cheong, has seen one of his hot wallets compromised, resulting in the loss of over 70 blue-chip non-fungible tokens (NFTs) worth over USD 1.76m. The incident is another stark reminder for all NFT investors to be extra careful - and less...

Spanish Crypto Adoption Increases, But Tax ‘Chaos’ Looms


  Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike. A recent report from the Association for Media...

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