Major US-based crypto investments company Grayscale Investments said they’re "100% committed" to converting their Grayscale Bitcoin Trust into an exchange-traded fund (ETF). However, according to them, the timing will be driven by the regulatory environment. "Each Grayscale product is at various stages of this lifecycle and our intention has always been to Read more »Pay,…
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Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Tax news Janet Yellen will use her first major address as US Treasury secretary to argue for a global minimum corporate tax rate, as she…
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One of the most bullish non-crypto companies, US-based software developer MicroStrategy, just increased their bitcoin (BTC) by spending another USD 15m once again. Per CEO Michael Saylor, the company has purchased an additional BTC 253 for around USD 15m in cash at an average price of USD 59,339 per BTC. As of April 5, MicroStrategy…
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South Korea’s bitcoin (BTC) boom appears to have returned in earnest, with more reports of investors aged 20-39 plunging into the market, and claims that the “kimchi premium” may have returned for the first time in earnest since early 2018. The kimchi premium was a phenomenon whereby BTC and some major altcoins were trading on…
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Bitcoin price failed to clear the USD 58,500 resistance zone and started a fresh decline. BTC settled below the USD 58,000 level and it is currently (04:30 UTC) consolidating above USD 57,000. The main weekly support stands at USD 56,500, below which the price might decline in the near term. Most major altcoins are trading…
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Kira Rudik. Source: A screenshot,Instagram/kira.rudik An MP and the leader of a Ukrainian political party has revealed that her crypto trading income for last year was twice as high as her salary. In an official declaration filing submitted late last month, Kira Rudik, a 35-year-old tech guru who won her political seat in 2019 and…
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Source: iStock/pichet_w Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Former US Securities and Exchange Commission (SEC) chairman Jay Clayton, who now advises One River Asset Management on cryptocurrency, told CNBC that bitcoin (BTC) was not a security before…
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A tax expert is warning that filing crypto taxes is a must in order to avoid penalties, as the taxman knows you’ve got reportable transactions. This comes as the Internal Revenue Service (IRS), the service of the United States federal government responsible for collecting taxes, is officially permitted to seek the names of high-value customers…
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Source: Adobe/Сергей Касьянов We are in a "radically" different bitcoin (BTC) market today, an analyst stressed, while JPMorgan strategists find that decreasing volatility is here to help institutional adoption. Per the latest Market Intel report by Chainalysis’ Chief Economist Philip Gradwell, the data collected in the research suggested that the bitcoin price is Read more…
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Bitcoin price extended its rise above the USD 59,500 resistance. BTC even spiked above the USD 60,000 resistance before correcting lower. It is currently (05:30 UTC) trading well above USD 59,000 and it might climb above USD 60,000 in the near term. Similarly, most major altcoins are signaling more upsides. ETH is up 4% and…
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