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Dubai said the partnership will go a long way to achieve its goal of getting 90% of financial transactions fueled by cashless technology by 2026. The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services. The agreement, formalized during the Dubai fintech Summit on May 12,…
As Bitcoin’s value skyrockets, governments may turn to wealth taxes to tap into unrealized gains, raising questions about the future of crypto taxation. Opinion by: Robin Singh, CEO of Koinly Is there a catch for Bitcoin hodlers, with the asset’s price up over 600,000% since the beginning of 2013? Perhaps — if governments keep waking…
With its latest purchase, Strategy has achieved a Bitcoin yield of 15.5%, breaking the targeted yield it expects to maintain throughout 2025. Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week. Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm…
With increasing government oversight, some crypto users may be forced to look for censorship-resistant stablecoins in the future. Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry. Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending,…
BlackRock’s Bitcoin ETF has now posted 19 days of consecutive inflows, the longest inflow streak for the world’s asset manager this year. BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive…
Robert Kiyosaki calls on Americans to reject fiat currency and embrace Bitcoin, gold, and silver, warning that central banks are eroding wealth. Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy, urging his followers to abandon what he calls “fake…
Many people thought 4chan was gone for good, but the controversial imageboard is back, as is its crypto-heavy /Biz/ board. After 4chan was hacked on April 14 and vast troves of user and moderator data were leaked online, the controversial website quickly went down, and many believed it would never recover. However, less than two…
Institutional buying is changing Bitcoin market dynamics as large, organized entities gobble up newly mined Bitcoin supply. Strategy, a Bitcoin (BTC) treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju. “Their 555,000…
Gold has long been a safe haven in turbulent times, but decentralized finance (DeFi) can unlock its untapped potential. Opinion by: Kevin Rusher, founder of RAAC It’s a volatile world out there. This year, we’ve seen stocks take a wild ride as gold has pumped and crypto has been caught somewhere in the middle. Investors…
RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions. Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services. The company’s…