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Cryptocurrencies

Google Reportedly Exploring Options To Enable Crypto On Digital Cards

Google Inc. (NASDAQ: GOOG), a multinational technology corporation known for its suite of internet services, is reportedly taking strategic inroads to the crypto space, through its recent partnerships formed with Coinbase and BitPay that would enable new functionalities for Google Pay, its consumer payments division.

YESTERDAY

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25% of US Adults Plan to Start Investing in Crypto, Survey Shows

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

18 JANUARY 2022

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El Salvador is down $12 million on its Bitcoin buys

A poor run of form may put off other nation-states from joining El Salvador in legalizing Bitcoin as tender.

17 JANUARY 2022

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Stablecoin USDC's ERC20 Issuance Surpasses USDT's Total Supply on Ethereum

On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This week, the current total supply of usd coin surpassed tether, in terms of tokens issued on the Ethereum blockchain, as usd coin has a 0.568% larger fully diluted market capitalization on the smart contract network.

16 JANUARY 2022

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Elon Musk’s Tesla now support Dogecoin payment

Tesla has revealed that users can now purchase some of its merchandise with Dogecoin.

14 JANUARY 2022

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70% of US crypto holders started investing in 2021: Report

46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000.

14 JANUARY 2022

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Turkey embraces Bitcoin and Tether as the lira keeps spiraling down

Crypto trading volumes using the lira reached a 15-month high as Turks race to get rid of their national currency.

13 JANUARY 2022

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Tonga to copy El Salvador bill making Bitcoin legal tender says former MP

In a ruling that is "almost identical to the El Salvador bill," Tongan bigwig Lord Fusitu'a anticipates that his country could adopt Bitcoin by November.

13 JANUARY 2022

News

Thailand government to clear up crypto tax confusion

The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity.

11 JANUARY 2022

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Hardware Failure Behind Arbitrum’s Second Outage In Five Months

Ethereum Layer-2 network Arbitrum suffered a seven-hour outage preventing transactions from being completed. This is Arbitrum’s second outage in five months but is currently back online at the time of writing. The cause of the downtime was pinpointed as a sequencer outage.

10 JANUARY 2022

News

UAE regulators pave way for crypto and blockchain adoption, says legal expert

Legal expert Kokila Alagh shared insights regarding crypto and blockchain regulations in the United Arab Emirates.

10 JANUARY 2022

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Samsung Exploring NFT Support On New TVs

Samsung’s newest smart TVs coming this year could be arriving with a new feature that will have Web3.0 enthusiast’s ears perking up: NFT support.

9 JANUARY 2022

News

NYC Mayor Eric Adams: Buy The Dip

Newly-elected New York City mayor Eric Adams has confirmed that he will be taking his first three paychecks in Bitcoin. He also made a pitch for buying the dip, given the current prices of BTC and other cryptocurrencies.

9 JANUARY 2022

News

Moneygram invests in crypto atm operator, buys 4% stake

Moneygram has revealed that it has bought 4% stake in crypto ATM operator, Coinme.

7 JANUARY 2022

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Crypto trades in Thailand now reportedly subject to 15% capital gains tax

While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty.

6 JANUARY 2022

News

Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar's Decline

The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ reported holdings of the asset by 4,500 tons over the past decade.

5 JANUARY 2022

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Crypto funds attracted $9.3B in inflows in 2021 as institutional adoption grew

Crypto investment managers had $62.5 billion in assets under management at the end of 2021, with Bitcoin products attracting sizable investments.

5 JANUARY 2022

News

Turkey's Inflation Jumps to 36%, Lira's Value Plummets, Citizens Flock to Stablecoins

The Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed and today, 28.96% of all trades with tether are paired against the Turkish lira.

4 JANUARY 2022

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The Estonian government is not banning crypto, but drafts legislation to tighten regulation

The drafted regulation incorporates the updated international AML/CFT standards–affecting crypto service providers licensed in Estonia, without proposing any new measures for customers.

4 JANUARY 2022

News

Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador's President Predicts

El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds to be oversubscribed.

3 JANUARY 2022

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