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Blockchain

NFT Sales Dip in June — Ethereum Dominates, Bitcoin Stumbles, and Bored Ape Rises

In June 2023, the sales of non-fungible tokens (NFTs) experienced a decline of 43% compared to the previous month The latest figures show a slide from $73950 million recorded in May to $70770 million
Blockchain

Biggest Movers: LTC Leaps to 15-Month Peak as DOGE Bull Run Continues

After climbing by over 20% on Friday, litecoin extended gains to start the weekend, surging to its highest point in over a year The move comes as momentum surrounding the token’s listing on
Blockchain

Bitcoin, Ethereum Technical Analysis: ETH Moves Above $1,900, Hitting a 2-Month High to Start July

Ethereum entered the month of July in the green, as price traded at a two-month high to start the weekend Markets moved to rebound on Saturday, after better than expected consumer sentiment data in
Blockchain

Former SEC Chair Jay Clayton on US Regulator’s New Enforcement Ethos: ‘I Think That’s Problematic’

Jay Clayton, former chair of the US Securities and Exchange Commission (SEC), has revealed his stance on the recently implemented enforcement strategy of US regulators In an interview on CNBC,
Blockchain

Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study

Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto
Blockchain

Binance Reportedly Denied Crypto License in Germany

Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report A rejection would prevent the exchange from advertising and growing in the major
Blockchain

US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe

Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a US judge requiring the release of customer data to the Internal Revenue Service (IRS) The court
Blockchain

Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points

Veteran trader Peter Brandt has urged the US Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth He stressed that there is
Blockchain

Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes

Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough”
Blockchain

Slovakia to Lower Tax on Income From Crypto Holdings

Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country Income derived from long-term investments in digital assets will also be
Blockchain

Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch

In recent days, there has been a buzz surrounding the upcoming debut of the US Federal Reserve’s Fednow project, slated for July 1, 2023 The discussions surrounding this topic have sparked
Blockchain

Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair

US President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers He aims to “achieve tax code fairness” by
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