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” Retail interest in crypto declines as investors search for the next big price mover “ One of the main narratives of hope for cryptocurrency investors is that there will be a major shift in public perception that sparks a new wave of capital from retail and institutional traders. Unfortunately for these hopeful bulls, data…
” Shiba Inu blacklists user for drawing hate symbol with metaverse land “ In a statement posted by Shiba Inu (SHIB) Metaverse developers late Tuesday, it appears that a user’s wallet address has been blacklisted for drawing a swastika using the project’s Metaverse land. The team at Shiba Inu wrote: “SHIB: The Metaverse will place…
” Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT “ The U.S. dollar currency index (DXY) turned down sharply after rising above 101 on April 20 but this weakness in the dollar has not helped Bitcoin (BTC), possibly because the S&P 500 is struggling to build upon its strong rally on…
” iTrustCapital surpasses $5B in crypto IRA transactions “ Cryptocurrency individual retirement accounts (IRA) provider iTrustCapital revealed Wednesday that the total transaction volume on its platform had surpassed $5 billion, marking a 60% increase in nine months. As told by iTrustCapital, many of its users, ranging from millennials to working professionals to senior citizens, are…
” FCA veteran becomes interim head of financial regulator’s digital assets unit “ Victoria McLoughlin, who has worked more than11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog. According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of the…
” Russian tax authority proposes using crypto as a foreign trade payment tool “ Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On April 20, local newspaper Izvestia reported that…
” Russia to include crypto into its tax code: Here is what the rules might look like “ In the last few months, the standoff between the Central Bank of Russia (CBR) and the country’s Ministry of Finance over crypto regulation has become the key regulatory plot for the Russian crypto community to follow. Simultaneously,…
” 3.6M Americans to use crypto to make a purchase in 2022, research firm predicts “ The number of adults in the United States who will use crypto to make purchases in 2022 will increase to 3.6 million, according to a research firm. A report published by Insider Intelligence shows that crypto’s value as a…
” IMF global financial stability report sees complex roles for cryptocurrency, DeFi “ According to the International Monetary Fund’s Global Financial Stability report released Tuesday, the war in Ukraine — following hard on the heels of the coronavirus pandemic — has led to a tightening of global financial conditions. Rapid changes in fintech and the…
” Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls “ On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew by 93% and 94% year-over-year, respectively, to $59.9 million and $24.7…