The United States territory of Puerto Rico is seeing a resurgence of interest among crypto investors attracted by the fact it doesnt charge federal income tax and eligible investors can pay zero taxes on their crypto gains. Under local law Act 22, those who live in Puerto Rico for at least half of the year are exempt from taxes on…
press release PRESS RELEASE. Blockchain that provides an environment of security, transparency and traceability is an innovative technology that applies in various kinds of life activities. For Africa, it is an opportunity for evolving and making changes. The SimbCity – SimbCoin Swap project, a solution for real estate and finance, is making an impact on the African market with the…
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual Swap Exchange Drift Reveals Mainnet…
Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin. In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the Direxion Bitcoin Strategy Bear ETF. Like other futures products, it will not invest directly in BTC, but will instead maintain…
Cryptocurrency exchange FTX, has secured an advertisement spot in one of the most watched events in America the championship game of the National Football League, to be held in Feb. 2022 According to a report in Bloomberg, FTX purchased an ad in this years Super Bowl LVI motivated by the wide reach of the audience. The Super Bowl is invariably…
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns. Tesla May Resume Accepting Bitcoin, SEC Filing Shows Tesla Inc. filed a quarterly report with the U.S.…
Robinhood shares (HOOD) have fallen sharply on the back of the firms Q3 results which posted lower than expected crypto trading revenue. The popular retail trading firm published its Q3 report on Oct. 26, with crypto accounting for $51 million (19%) of the total $267 million worth of transaction-based revenue in the quarter. The release of the report on Tuesday…
In a previous piece I argued that Bitcoin provides society with the strongest possible truth-based foundation from which to build upon and that therefore its widespread adoption is necessary for life on earth to take its next great leap forward. I believe this leap forward will be driven primarily by strengthening human connections thus resulting in a stable matrix of…
Coinbase CEO Brian Armstrong says the SEC v. Ripple case “seems to be going better than expected.” He added that the U.S. Securities and Exchange Commission “is realizing that attacking crypto is politically unpopular.” Coinbase’s CEO on the Ripple Lawsuit, SEC Attacking Crypto The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, commented on the enforcement action against Ripple…
The People And Events Who Have Shaped Today’s Federal Reserve Monetary System | Part I This piece will delve into the creation of the Federal Reserve System, and the people and events who have shaped the monetary system into what it is today. Before we get started, one simple question that must be answered is, “What is the Federal Reserve…
