Category: Market
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Younger People Are 7.5 Times More Likely to Have Cryptocurrencies in Their Portfolios, According to a Bank of America Survey of Wealthy Americans
Younger, wealthy Americans are 7.5 times more likely than investors 43 and older to have cryptocurrency in their portfolios, according to research from Bank of America. Where do the newest generation of investors see opportunities for investment growth if they lack confidence in stocks? Cryptocurrencies, which are their top option, are alternatives, the bank wrote.…
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Researcher: After Ethereum’s “Merge,” Bitcoin’s price could drop.
Kyle McDonald told CoinDesk TV’s “First Mover” the Bitcoin network may be regulated away because of its energy consumption. Independent researcher Kyle McDonald believes that the Bitcoin network may be “regulated away,” which would lead to a collapse in the value of bitcoin. He advises selling bitcoin right away. The reason is that investors and…
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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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Limitations on Purchasing Dollar and Euro Cash are Relaxed by the Russian Central Bank
Some restrictions on Russian banks selling dollars and euros to the general public have been loosened by the Central Bank of Russia. Since currency restrictions have been a major factor in driving up demand for digital coins, the country’s crypto market may be impacted by the increased foreign cash supply. According to the Interfax news…
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Institutional Clients Show ‘Massive Crypto Interest,’ According to Bitstamp
A significant cryptocurrency exchange’s CEO, Bitstamp, claims that institutional clients are showing “massive crypto interest” on his trading platform. According to him, “many institutional companies are looking to enter the cryptocurrency market for the first time.” Jean-Baptiste Graftieaux, the CEO of Bitstamp worldwide, discussed his thoughts on cryptocurrency regulation in an interview with Business2community that…
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IMF Issues Warning About Additional Crypto Selloffs and Failing Coins
The International Monetary Fund (IMF) director has issued a warning about further selloffs in both stocks and crypto assets. He added that more cryptocurrency tokens might fail. Tobias Adrian, director of Monetary and Capital Markets for the International Monetary Fund (IMF), warned about further selling pressure in the crypto market and more crypto token failures…
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Thailand’s Oldest Lender Postpones Purchasing Bitkub Exchange Due to Tighter Crypto Regulations
The company that owns Siam Commercial Bank in Thailand has postponed a deal to buy the majority of Bitkub, the largest cryptocurrency exchange in the nation. The choice was made in the midst of tightening cryptocurrency regulations that are preventing domestic crypto trading from expanding. A 17.85 billion baht ($487 million) bid by Siam Commercial…
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Technical Analysis of Bitcoin and Ethereum: BTC Drops as Tesla Sells 75% of Holdings
As news broke that Tesla had sold 75% of its cryptocurrency holdings, the price of bitcoin fell during the day’s trading. The announcement follows the company’s Q2 earnings call, during which they confirmed that the token would be converted into fiat money. In response to the news, Ethereum also fell. Bitcoin Following a recent run…
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The Central Bank’s Plan’s Legal and Tax Consequences are Explained to South African Crypto Investors and Service Providers
The central bank’s recent announcement that it will begin regulating cryptocurrencies in 12 to 18 months has legal and tax ramifications for both cryptocurrency investors and businesses that offer intermediary services, according to Tax Consulting SA, a South African tax consulting firm. The South African Reserve Bank (SARB), according to the company, “will not interfere…
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Colombia will issue land registry certificates using the Ripple Ledger.
The Ripple Ledger will be used by the Colombian government’s new system to store and authenticate property titles. The National Land Agency hopes to use the system, which was created by a third-party business called Peersyst Technology, to issue a record number of land adjudications for citizens. There are businesses and governments using blockchain technology…