MicroStrategy, the US-based enterprise software firm led by Bitcoin (BTC) bull Michael Saylor, has taken a bitcoin-secured loan of USD 250m from Silvergate Bank, with the company planning to use the money to buy even more BTC. The loan, issued as an interest-only term loan by Silvergate Bank is “secured by certain bitcoin held…
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BTC price charts suggest that $52,500 should be a very challenging resistance level to flip. A sharp reversal in the price of Bitcoin (BTC) out of an otherwise bearish technical setup has raised its chances of reaching $58,000 in Q2. Bitcoin price bottoming out? On the daily timeframe, Bitcoin broke out of its ascending triangle on…
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Starting April 1 this year, and despite the crypto sector’s efforts, cryptoasset gains in India will be taxed at 30% – the highest tax bracket, the nation’s Parliament confirmed today. In comparison to this tax, the tax rate on stock trading ranges from 0% to 15%. From now on taxed the same as lottery…
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Staking of Ethereum’s native ETH tokens is accelerating ahead of ‘the Merge,’ with more than 9% of the entire supply of ETH now locked in staking protocols. Meanwhile, exchanges are being depleted of their ETH supply, as more investors are taking their tokens into their own custody and staking them…. Read More: Ethereum Staking…
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“Chaos” could turn into farce in Spain – where it turns out that a controversial tax and asset declaration form will not apply to crypto after all. Or at least not this year…. Read More: After a Scare, Spaniards Won’t Have to Declare their Overseas Crypto Holdings this Year Read more »Pay, Trade, Buy…
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Amid an intensifying competition for customers, the US online trading platform Robinhood has rolled out a new cash card that offers various rewards to its users, including crypto bonuses, with a waitlist available to the platform’s customers. “The Cash Card builds on our mission to democratize finance for all by giving debit card customers…
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El Salvador could push its bitcoin (BTC) bond issuance back as far as September, the nation’s Finance Minister Alejandro Zelaya has admitted – but a more imminent issuance is still on the table…. Read More: El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief Read more »Pay, Trade, Buy Bitcoin with…
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VeVe, an app-based marketplace for licensed digital collectibles, has announced that it has become a victim of an exploit which resulted in the loss of a number of “gems.” “We have become aware of an exploit of our systems which resulted in a large amount of gems being acquired illegitimately,” VeVe’s official Twitter account…
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About 45% of surveyed US financial advisors say they expect to use crypto in the future in response to client requests, according to a recent report released by financial research and consulting firm Cerulli Associates. However, 7% declare they currently use such assets based on their own recommendations, and 10% use them due to…
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Founder of the cryptoasset fund DeFiance Capital, Arthur Cheong, has seen one of his hot wallets compromised, resulting in the loss of over 70 blue-chip non-fungible tokens (NFTs) worth over USD 1.76m. The incident is another stark reminder for all NFT investors to be extra careful – and less trusting – when it comes…
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