The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement.
Plenty of altcoins have also taken a beating. Dogecoin erased the breakneck gains of the week and then some, nearly halving its price after a meteoric climb last weekend. XRP is down 35% week-over-week, Stellar is down 30% and Polkadot is down 25% since last week.
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“We do it in the equity market, we do it in the bond markets, people might want it here,” Gensler said at the Aspen Security Forum over the summer.
ISTANBUL (AP) — A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering...
(Bloomberg) -- IGM Financial Inc., the Canadian wealth and asset manager, is “actively considering” launching crypto products next year, the firm’s chief executive officer said. Most Read from BloombergWhere Did All the Public Bathrooms Go?China’s Climate Goals Hinge on a $440 Billion Nuclear Buildout‘Airbnb Queen’ Says She’s Caught Up in Platform’s New York FeudWhat It Means to Design a Space for ‘Care’Results on Key Ballot Initiatives, From Policing to the EnvironmentInternal discussions on wh
Safemoon cryptocurrency is currently trending as it shoots up in value. For that reason, traders are looking to invest in Safemoon crypto tokens with the hope of seeing a profitable return. So, here’s the lowdown on the Safemoon crypto token price, how and where to buy it, plus the ticker symbol.
We bring them to you every weekday – Think of Real Vision Crypto as the Netflix of digital assets. "I entered the crypto space in mid-2017 and have increased my holding by over 900% since I started, in spite of numerous mistakes. If I had Real Vision Crypto I probably could have increased that to 2,000%." "Glad to see this happening. I look forward to not having to scroll through You Tube to find legitimate content on crypto." "Great move! First mover advantage and great content, thank you for doing this." "Definitely got my crypto senses stimulated. Love this and look forward to sharing it with anyone who will listen. Great stuff. Love this platform."
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But the industry is only in its infancy and constantly evolving. It’s difficult to predict where things are headed long-term, but in the coming months, experts are following themes from regulation to institutional adoption of crypto payments to try and get a better sense of the market.
According to the New York Times, “Bank of America’s chief executive, Brian Moynihan, barred the giant company’s wealth managers from putting any client money into cryptocurrency-related investments.”
This is linked to the scarcity element that drives up prices and is one of the factors that saw the price of Bitcoin climb to its highest levels. The supply of Bitcoin is capped at 21 million BTC — which is relatively low compared to other tokens — while the demand has soared in recent years.
Such an SMA could provide a demand zone for the cryptocurrency to bolster the buyers’ interest among the token, which also converges with the 50% Fibonacci retracement level at $0.0000039.
Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market. View all posts by Connor Brooke It’s an Italian Thing Employer Insurance Premium Growth – Still a Problem Does Japan’s Democracy Have Room for Women and Children? Move Over Oil, It’s LNG Thursday Headlines: OPEC, Deutsche Bank and Many Fed Speakers Remember September (for Jobs Data)
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