Where Value Is Going in Blockchain Networks

When predicting how the cryptocurrency economy will evolve, many people have looked to the start of the internet itself. They imagine certain standards or protocols becoming dominant, with value accruing in the application layers.  But cryptocurrencies are different.  Amos Meiri is an angel investor in the crypto space, the Co-Founder of the Colored Coins protocol…

Crypto can be lucrative, but make sure you’re ready for the taxman

Hindsight is 20/20, but when money is on the line, being prepared can give investors better foresight. Just over a year and a half ago, Investopedia reported on the panic among many crypto investors who’d found themselves on the wrong side of the taxman. The article read, “Online forums like Reddit are abuzz with posts…

Managed Assets Rise to $44 Billion This Month – Bitcoin News

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 days. Cryptocompare published…

Robinhood added 6 million crypto users in last two months

Bloomberg Hezbollah and Israel’s Richest Were Both Welcome at a Congo Bank (Bloomberg) — 2018 was a good year for Afriland First Group SA, a Switzerland-based company that oversees a network of banks across Africa.In his opening comments to the annual report for the year, Paul Fokam, the group’s chairman and one of Cameroon’s wealthiest…

Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin

Companies are starting to express interest in bitcoin as a long-term investment, following in the footsteps of listed giants such as Tesla, which is already seeing its crypto bet pay off. The electric carmaker disclosed earlier in February that it had bought $1.5bn worth of bitcoin to diversify its wider portfolio and “maximise returns”. Bitcoin…

Intelligent Cryptocurrency Reviews: Worthy 2021 Masterclass?

The Intelligent Cryptocurrency Masterclass is an online video that shows users important information about the investments they should make to protect their finances. The entire class is free, and users can access the materials as soon as they register. What is the Intelligent Cryptocurrency Masterclass? The cryptocurrency landscape can seem vast, making the best financial…

Explained: Is RBI Governor’s concern about cryptocurrency justified?

Reserve Bank of India (RBI) Governor Shaktikanta Das recently expressed concern about the use of cryptocurrencies. The central bank governor’s comment comes at a time when the value of Bitcoin, the highest-valued cryptocurrency, has crossed $50,000. On Wednesday, Shaktikanta Das said cryptocurrencies could have an adverse effect on financial stability, thus impacting the economy. Das…

Why crypto art and sports collectibles are suddenly so popular

The cryptocurrency world is abuzz with talk of digital collectibles, unique virtual tokens that can represent anything from art to sports memorabilia. People have been paying hundreds of thousands of dollars for these NFTs, or non-fungible tokens. One investor, Sheldon Corey from Montreal, Canada, told CNBC he paid $20,000 for one of thousands of computer-generated…

The tax implications of investing in crypto

Cryptocurrencies have entered the mainstream in the past few years, attracting the attention of tax authorities in leading economies. While cryptocurrencies may have been conceived as an act of rebellion against the existing financial order, the taxman will still claim his piece of the pie. Tax consultants have warned that the South African Revenue Service…