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

July 1, 2023 0

In June 2023, the sales of non-fungible tokens (NFTs) experienced a decline of 4.3% compared to the previous month. The latest figures show a slide from $739.50 million recorded in May to $707.70 million in June. June 2023 Sees a Slip in NFT Sales Data from cryptoslam.io reveals that NFT sales

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

July 1, 2023 0

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 EDX markets continues to grow. Dogecoin also recorded a strong start to the day. Litecoin (LTC) Litecoin (LTC) was once again a […]

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

July 1, 2023 0

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 the United Stated spooked traders. Bitcoin also rebounded, after falling below $30,000 on Friday. Bitcoin After falling below the $30,000 level […]

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

July 1, 2023 0

Jay Clayton, former chair of the U.S. Securities and Exchange Commission (SEC), has revealed his stance on the recently implemented enforcement strategy of U.S. regulators. In an interview on CNBC, Clayton stated that the SEC’s strategy of bringing myriad cases to court against U.S. corporations was problematic “at a 30,000-foot level.” Jay Clayton Criticizes SEC’s […]

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

July 1, 2023 0

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 adoption, according to the latest Emurgo State of Web 3.0 in Africa report. Africa’s Share of Global Blockchain Funding Still Under 1% According to […]

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Binance Reportedly Denied Crypto License in Germany

July 1, 2023 0

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 European market and deal another blow to its efforts to do regulated business on the Old Continent. Germany Rejects Binance Bid to Obtain Bafin License, […]

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

July 1, 2023 0

Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that registered an annual trading activity of $20,000 or higher during […]

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

July 1, 2023 0

Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than inflation, emphasizing that the Fed “must keep their feet to the floorboard to prevent a re-occurrence of inflationary […]

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

July 1, 2023 0

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” and “has not been restrictive for long enough,” Powell stated that the central bank could raise interest rates “at consecutive meetings.” Fed Chairman Powell on Rate Hikes Federal […]

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Slovakia to Lower Tax on Income From Crypto Holdings

June 30, 2023 0

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 relieved from healthcare taxes, the parliamentarians decided. Investors in Slovakia to Pay 7% Tax on Income From Crypto Held More Than a Year Members of the […]