U.S. Senator Rick Scott has urged Treasury Secretary Janet Yellen to take action on cryptocurrency scams, which he said have risen 1,000% in the past year and cost consumers at least $80 million. “This is an unregulated industry, and the alarming amount of criminal activity surrounding cryptocurrency demands action,” he told Yellen. Senator Scott Alerts …
Monthly archives: May 2021
Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face …
Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Markets
Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While …
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Litecoin Price Prediction: LTC/USD Lowers Rallying Moves
Litecoin Lowers Rallying Moves– May 30The recent uprising in the LTC/USD market now experiences price lowers rallying moves after the crypto lost momentum to surge past a resistance trading area of around $200. During the time of writing, the trading pair records about a 7.58% increase around the level of $176. Begins a Rally: LTC …
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Understanding the systemic shift from digitization to tokenization of financial services
Another hurdle financial services and institutions need to address is mainstream digital asset adoption. The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset …
As Microsoft Azure closes shop, ConsenSys Quorum opens up to new users
Could the migration from Microsoft’s Azure Blockchain to ConsenSys’ Quorum Blockchain Service be good news? Is this where the enterprise blockchain industry is heading? Just as the cryptocurrency sector is constantly changing and evolving, the enterprise blockchain industry has been undergoing its fair share of developments lately. Most recently, enterprise blockchain solutions are shifting from …
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Bitcoin Price Prediction: BTC/USD Flirts Around $36,000
Bitcoin Price Prediction – May 29 The Bitcoin price gains 4.17% as bulls keep working hard to nurture a bullish trend from the support at $33,333. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $42,000, $44,000, $46,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart BTC/USD is currently trading at the $36,072 …
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Monero and Bitcoin Atomic Swaps Launched by the Comit Network
Atomic swaps between Monero and Bitcoin are now available The BTC to XMR atomic swap was launched by the team at Comit Network The new feature allows owners of both Bitcoin and Monero to exchange digital assets without trusting each other or using an intermediary Atomic swaps are particularly important as crypto exchanges delist privacy …
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Don’t blame crypto for ransomware
Hackers will keep hacking as long as organizations are vulnerable — crypto is not an exception. Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good old-fashioned gasoline, including a short-term lack thereof along the East Coast, …
Bitcoin (BTC) Price Prediction: BTC/USD Falls as Bitcoin Hovers above $34,000
Bitcoin (BTC) Price Prediction – May 30, 2021 Bitcoin price is in a downward move as Bitcoin hovers above $34,000 . A break below the $34,000 support would mean a further decline to $30,000. Similarly, a rebound is equivalent to a rally to $40,000 high. The $30,000 support is where bulls have strong buying power. …
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Bitcoin Whales Have Accumulated 30k BTC Between $31k and $40k
Bitcoin whales holding 100 to 10k BTC have accumulated 30k more coins in the last week The accumulation coincided with last weeks retest of $31k and rejection at $40,800 Earlier today, Bitcoin dipped to $33,379 before bouncing back to $36,200 All eyes are on the weekly close, monthly close and $30k Bitcoin whales holding 100 …
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Dogecoin’s Daily Transaction Value Drops by 90% From ATH of $82.54B
Dogecoin daily transaction value hit an all-time high of $82.54 Billion on May 9th Dogecoin’s daily transaction value now stands at $7.57 Billion indicating a 90% drop The all-time high in daily transaction value also coincided with DOGE setting an all-time high of $0.74 The drop in transaction value is in tandem with DOGE’s ongoing …
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Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners. Riksbank to Work With Handelsbanken and Tietoevry to Test …
Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’
During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis. Precious Metals Exec Says the Public Embracing Crypto May Lead …
Legacy banks should learn about staking and DeFi or risk extinction
When lawmaker meets crypto and turns to art: Alberto Echegaray talks about the future of DeFi and the reality of Bitcoin and art. It’s all about the economy, cryptocurrencies, art and future projections. To talk about all this, Cointelegraph en Español reached out to artist Alberto Echegaray, the director of Trustlink and former representative of …
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