Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall Street’s indifference regarding these would lead to massive market capitulation. Peter Schiff Warns of Gold Rally: ‘It’s Real’ Peter Schiff, the…
A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3 however, and testing will be phased in three stages to onboard various participants into the ecosystem. The first stage is using Ethereum’s Goerli testing network. The…
The financial and advertising regulators of the United Kingdom have teamed up to send a warning to social media “finfluencers” telling them to stop promoting illegal “get rich quick” schemes or face law enforcement. The Financial Conduct Authority (FCA) and the Advertising Standards Authority (ACA) made reference to cryptocurrencies and nonfungible tokens (NFTs) in its April 6 statement in its…
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study. Source: https://cointelegraph.com/public/index.php/news/study-claims-99-5-of-crypto-investors-did-not-pay-taxes-in-2022
On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol’s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range. Bitcoin Difficulty Jumps 2.23% Higher Bitcoin’s current difficulty of approximately…
Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — however tax experts have cast doubt on the figures and methodology. The Divly report published on April 5 came up with the estimate after analyzing the relationship between the number of people who…
Web3 YouTuber CryptoStache: Gaming Will Be the Catalyst That Takes NFTs Mainstream Web3 gaming YouTuber CryptoStache talks to Decrypt’s Jason Nelson at Outer Edge LA about why Web3 gaming will bring NFTs mainstream, the partnerships that prove it’s already happening, how gamers will change their tune on NFTs, and how the terminology is likely to change. Source: https://decrypt.co/videos/live-events/Exb7eWKj/web3-youtuber-cryptostache-gaming-will-be-the-catalyst-that-takes-nfts-mainstream
Fordefi Aims to Dramatically Simplify the Institutional Crypto Wallet Steve H., VP of sales from Fordefi, which raised $18 million in funding last year, tells Decrypt’s Jason Nelson at Outer Edge LA how Fordefi uses multi-party computation to make signing transactions on an institutional crypto wallet much simpler—no seed phrase needed. Source: https://decrypt.co/videos/live-events/LGxyFJP5/fordefi-aims-to-dramatically-simplify-the-institutional-crypto-wallet
Following Bitcoin’s (BTC) stellar start to 2023, SkyBridge Capital founder Anthony Scaramucci believes “we’re through the bear market” and expressed confidence in his firm’s crypto investments. However, “the Mooch” qualified the statement by adding, “That is a guess. We don’t know.” In an April 6 interview with Yahoo Finance, Scaramucci noted that Bitcoin has consistently outperformed every other asset class…
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange FTX prompted Dubai regulators to…
