Rio de Janeiro Makes a Huge Crypto Investment
Seems like south American countries are a lot more open toward making massive crypto investment. Of course, El Salvador takes the lead when it comes to crypto adoption and crypto investment. However, Brazil is not that far behind in the race for decentralized finance. Rio de Janeiro is planning to invest 1% of its treasury […]
Rich Millennials Will Buy More Cryptocurrencies in 2022
A new survey conducted by CNBC indicates some interesting results about how millennials are planning to buy cryptocurrencies. The survey is mostly focusing on millionaire millennials, their current portfolio and the plan to develop it in 2022. Unsurprisingly, most of the participants have strong bullish positions on cryptocurrencies. Despite the bear market at the time […]
Crypto Tax Looms as Inflation Grows
Crypto tax has moved from being a rumor to a certainty at this point. Although it is still unclear when and how it will be imposed specially in the US, it will surely cause some pain. One particular reason for this rapid development in the legal situation is perhaps the bubbling inflation all around the […]
Institutional Investors Buy the Dip Following the China FUD
Institutional investors see the latest plunges in cryptocurrency market as an opportunity to accumulate further on digital assets. The highly volatile past few weeks or even months has provided a good buying opportunity for whales. According to CoinShares, a notable increase of inflows in the past three weeks is indicating institutions are buying crypto at […]
China Declares all Cryptocurrency Transactions Illegal
Yesterday, the not so shocking news of China banning almost all crypto-related activities turned the market red. Subsequently, Bitcoin fell almost 4% to $42,150 and Ethereum had a steep 8% decline. A vast majority of altcoins had a relatively similar reaction. However, there are some peculiar points to consider regarding the news and the subsequent […]
PayPal Expands Cryptocurrency services in the UK
PayPal UK announced on Friday that the users are now able to buy, hold and sell four cryptocurrencies. This announcement comes only a few months after PayPal US declared the same expansion. PayPal Accepts Four Cryptocurrencies As of now, users have access to only Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Furthermore, […]
Ukraine, the Latest Country to Legalize Cryptocurrencies
Ukrainian parliament finally passed a bill that was set in motion in 2020 to legalize and regulate cryptocurrencies. In a unanimous vote, 276 members have now approved the bill for execution as Ukraine opens up to cryptocurrencies. Cryptocurrencies in a Gray Area Ukraine joins a select group of countries to finally acknowledge the popular demand […]