Financial Industry News
Lindsay Lohan will issue “experiential nonfungible tokens” on the Superfandom platform. The Hollywood star will also act as an advisor to the platform to help it attract more artists and entertainment figures. “Experiential NFTs” give fans the opportunity to interact with their favorite entertainers in real life by meeting them virtually or in person. In […]
Continue ReadingBitcoin found support near the $41,200 zone against the US Dollar. BTC must clear $42,500 to start a recovery wave in the near term. Bitcoin extended decline and tested the $41,200 support zone. The price is still trading below $42,500 and the 100 hourly simple moving average. There is a major bearish trend line forming […]
Continue Reading‘Highest in, first out’ aka HIFO is a tax accounting method that can be a very good thing to know as an investor dabbling In crypto this past year. As we approach tax season and related questions continue to rise to the top, let’s take a look at a tax methodology that we are seeing […]
Continue ReadingAn individual Ether (ETH) miner struck it big by mining a block on their own and receiving a reward valued at about $540,000. The miner was operating through the 2miners Ethereum SOLO pool on Jan. 17 when they mined an entire block and received 168 ETH. That reward vastly outstrips the per-block average reward of […]
Continue ReadingGoogle has hired a former PayPal executive to help bolster Google Pay, with plans to expand into the crypto space. Arnold Goldberg has been given the task of running Google’s payments division as part of a company-wide push into financial services, including crypto. Google’s president of commerce Bill Ready told Bloomberg that: “Crypto is something […]
Continue ReadingThe metaverse might be the next best thing for payment providers and credit card firms like MasterCard. Coinbase is adding another heavy-hitting name to it’s list of partners across the crypto exchange’s umbrella, and will look to leverage MasterCard’s resources to reduce friction in the onboarding and fiat onramping process for consumers. What seems like […]
Continue ReadingProof-of-work bitcoin mining should be banned, according to the vice chair of the European Securities and Markets Authority. Erik Thedéen suggested that European authorities explore prohibiting proof-of-work mining in favor of proof-of-stake mining. Thedeen Argues That POW Threatens Climate Change Based on the industry’s high energy consumption, Erik Thedéen, deputy chair of the European Securities […]
Continue ReadingA debate arose about the possibility of Ethereum becoming hard money and ended up highlighting more downsides to the digital asset than anything else. The founder of a Bitcoin investmentsCharles Edwards, shared a chart that showed the circulating supply activity of Ethereum and Bitcoin and argued that “Ethereum has entered the hard money game. For […]
Continue ReadingBitcoin trading is a natural part of the crypto space. As with any financial market, there will be those who purchase assets to hold for a long time and those who prefer to try for short-term gains by trading. The number of traders around the globe has been growing with the rise of the market, […]
Continue ReadingBitcoin has sharply declined in the past month which has dragged it down to the $40K price point. The digital asset’s downtrend had then promptly dragged their metrics like implied volatility down with it. This decline has been even sharper as bears have gotten a tighter grip on the market. For some, this could be […]
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