Knowledge

Fed Survey Reports 12% Of American Adults Invested In Crypto In 2021

The appeal of cryptocurrencies has permeated into the American economy to such an extent that the United States central bank is now including the asset in its annual “Economic Well-Being of U.S. Households” survey. The survey reveals that 12% of American adults…

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Fed’s annual report shows most American crypto investors have ‘disproportionately high income’

The report surveyed 11,000 respondents and shows that the financial well-being of Americans is at its highest since the report started. Roughly 12% of Americans own crypto, with most of them using it for investment purposes, according to the U.S. Federal Reserve…

Knowledge Opinion by Woo Nick 1 day ago

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Before approving the digital currency bill, Panama’s president wants it improved

In April, the Panamanian National Assembly decisively approved a plan to regulate digital currencies. However, the bill's passage into law has been blocked by Panamanian President Laurentino Cortizo. Cortizo, whose signature is required for the law to move forward, stated that he…

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Despite Budding Crypto Adoption In Vietnam, Lack Of Regulatory Clarity Forces Crypto Firms To Set Up Shop Abroad

The blockchain industry has grown rapidly in the last couple of years to the point where clear regulations are necessary to get to the next level of adoption. Vietnam, for one, has seen several profitable startups spring up in the last few…

Knowledge Opinion by Smith Zoey May 20, 2022

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Terra was a Poorly-Designed “Castle of Cards”, Tether CTO Says

Paolo Ardoino, CTO at Tether and Bitfinex, said that the Terra LUNA stablecoin was not supposed to be a trifle, but was just a poorly designed “fortress of playing cards”. Last week, TerraUSD/UST lost its peg and fell by 40% resulting in…

Knowledge Opinion by Allen Adam May 19, 2022

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RBI warns of possible dollarization of Indian economy through crypto

RBI officials have raised the alarm once more over the adoption of cryptocurrencies, claiming that this will lead to the “dollarization” of India’s economy. Economic Times reported on Monday that the Reserve Bank of India (RBI) is concerned about the impact of…

Event Knowledge Review by Cawrey John May 18, 2022

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Users react to Terraform Labs’ legal staff allegedly departing the firm

Numerous online entertainment called for lawful activity against Do Kwon, while others estimated the possible takeoff of the legitimate group might have been over cash worries. The continuous adventure with Terraform Labs, the blockchain designer behind Terra (LUNA), took a turn following…

Knowledge Review by Lee Daniel May 17, 2022

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Portugal to Tax Cryptocurrency Income According to Minister of Finance

Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the…

Knowledge Opinion by Smith Zoey May 15, 2022

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Nigeria Issues New Regulations Classifying Cryptocurrencies As Securities

According to Bloomberg, Nigeria’s Securities and Exchange Commission (SEC) has issued “laws on issuance, providing platforms, and custody of digital assets” for virtual enterprises, which might encourage crypto trading. The laws provide additional clarity on digital asset trading in a country with…

Business Knowledge Review by Lee Daniel May 12, 2022

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For the U.K. crypto industry, Brexit might be a blessing in disguise

Following recent measures to prevent other enterprises from leaving the nation, U.K. crypto executives are cautiously enthusiastic about the country’s prospects of becoming a worldwide crypto powerhouse. Last month, her Majesty’s Treasury said that the United Kingdom intends to become a “global…

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