cryptocurrencies
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Bitcoin Back Below $30,000; European Regulators Renew Crypto Warnings
Date: May 16, 2022
HONG KONG (Reuters) – Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. European officials reiterated warnings of risks posed by cryptocurrencies. Bitcoin fell 5% to around $29,700 on Monday in Asian trade, sliding alongside stocks because of worries about high inflation...
How Do Crypto Exchange Platforms Work: All You Need to Know
Date: May 13, 2022
Introduction You can’t go to your bank or an investment agency and acquire cryptocurrency. After deciding to purchase Bitcoin, Ethereum, or another cryptocurrency, you’ll need to open an account with a crypto trading platform to convert your US dollars (or other money) for digital assets. Like the CEX crypto exchange platform and Coinbase, some have...
Secure Bridges, Tokenised Real-World Assets and Growth of DeFi: Q&a With Adi Ben-Ari
Date: May 13, 2022
By Adi Ben-Ari, Founder and CEO of Applied Blockchain What does Applied Blockchain do? Applied Blockchain is a leading blockchain development company building applications ranging from NFT marketplaces and DeFi protocols, to a commodities exchange. Applied Blockchain is preparing to launch two new products for the web3 world. SilentData is a privacy-preserving oracle connecting web3...
What’s the FinTech Fit With GenZ? Empowering Gen Z Through New-Age Banking
Date: May 12, 2022
By Ammar Kutait, CEO and Founder of W1TTY Fintech facts Of all the sectors attracting investor attention, fintech remains at the top of many watchlists. We only need to look at the numbers to see why the global fintech market was valued at $7.3 Trillion in 2020 and is forecast to grow at a CAGR of...
Global Crypto Regulation Body Likely in Next Year, Top Official Says
Date: May 12, 2022
By Marc Jones and Alun John LONDON/HONG KONG (Reuters) – Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) said the boom in digital currencies such as bitcoin...
Banking Crypto Investment Losses With Tax Authorities
Date: May 12, 2022
By Paul Webster, Director of Kreston Reeves With the price of crypto assets falling this year amidst the backdrop of the war in Ukraine and interest rate hikes, many investors in the digital asset market will now be sitting on significant losses. Those hardest hit will the ones that entered the markets in late 2021...