Category: Industry Influencers
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Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes
Shark Tank participant Kevin O’Leary, also known as Mr. Wonderful, predicts that bitcoin will increase in value once the Stablecoin Transparency Act is enacted, which could happen soon after the November midterm elections. Crypto cannot be stopped, O’Leary emphasized, adding: “You either join the wave or get lost.” ‘Regulations Come, Bitcoin Goes Up’ On…
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Billionaire Paul Tudor Jones anticipates the price of bitcoin to be “much higher” than it is now.
Cryptocurrencies, in particular bitcoin and ethereum, will be “at a value much higher than where we are today,” according to billionaire hedge fund manager Paul Tudor Jones. The renowned hedge fund manager revealed that he “always” has a small allocation of bitcoin in his portfolio, confirming that he still holds bitcoin. Famed Hedge Fund Manager…
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After the government began enforcing the new cryptocurrency tax, Binance saw a record rise in Indian users.
Since the Indian government started taxing cryptocurrency transactions, the number of Indian users on the cryptocurrency exchange Binance has increased dramatically. However, since the new tax laws went into effect, daily trading volumes at some significant cryptocurrency exchanges with headquarters in India have decreased by over 90%. After a 1% tax deducted at source (TDS)…
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Financial behemoth State Street observes declining institutional investor demand for cryptocurrency.
State Street, an investment management company, claims that despite price declines, institutional clients continue to invest in crypto assets. According to a State Street executive, “there is a belief that the asset class is here to stay.” State Street on Institutional Demand for Crypto Despite market sell-offs, State Street, a top investment management company,…
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Europol Sees Tools to Tackle Crime in Cryptocurrency and Blockchain Technologies
In the case of cryptocurrencies, abuse increases with use, according to Europol, which also noted that blockchain technologies give law enforcement a new way to combat crime. The law enforcement organization in Europe claims it can assist in the investigation of money laundering networks. Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says Following…
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The real estate, stock, gold, silver, and bitcoin markets are collapsing, according to Robert Kiyosaki, and “Millions Will Be Wiped Out.”
All markets are collapsing, according to renowned author Robert Kiyosaki of the best-selling book Rich Dad Poor Dad, who specifically mentions real estate, stocks, gold, silver, and bitcoin in his warning. That crash is here, Kiyosaki said, alluding to his earlier forecast of a more severe crash than that experienced during the 2008 financial crisis.…
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Cryptocurrencies Should Be Treated the Same as Other Capital Markets, SEC Chairman Says
According to SEC Chairman Gary Gensler, the cryptocurrency market should not be treated any differently from other capital markets. Gensler urged cryptocurrency trading and lending platforms to “come in and talk to SEC staff,” noting that “the SEC will serve as the cop on the beat.” Gary Gensler, the chairman of the U.S. Securities and…
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Iran modifies rules to make it easier for cryptocurrency miners to access renewable energy
In order to facilitate the crypto mining industry’s access to green power, Iranian authorities have revised a few regulations. Licensed miners will now have access to discounted electricity produced nationwide from renewable sources. The Iranian Ministry of Energy has altered some crypto mining rules to make it easier for organizations licensed to print digital currency…
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Cryptocurrencies “Have the Potential to Create New Ways for Young People to Earn,” According to Kenyan Activists
According to some activists in Kenya, raising money through the sale of non-fungible tokens (NFTs) and cryptocurrencies is not only quicker, but also less expensive. Digital currency also has the “potential to create new ways for young people to earn, spend, save, and send money,” the activists continued. After the Covid-19 pandemic caused traditional funding…
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Customer Support at Bitcoin of America is Helping the Cryptocurrency Industry Advance
Bitcoin of America, a well-known BTM provider, is altering the way we view the cryptocurrency market. Bitcoin of America is a virtual currency exchange that has registered with the US Department of Treasury (FinCEN) as a money services business (RegNum). They currently operate more than 2,500 Bitcoin ATMs in 31 states. In important cities, you…