John Mack: “Cryptocurrencies will become the basis of monetary transactions”

Cryptocurrency NewsBy 17/10/2022

The former CEO of Morgan Stanley acknowledged that digital assets have a number of advantages over traditional finance. John Mack noted that cryptocurrencies will play a key role in the digitization of the economy: “Let’s take cryptocurrency. It’s hard for me to understand why it has value. Perhaps in fifty years this will become the main way to conduct monetary transactions. It’s easy to do. Then you won’t have to worry about placing funds in…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 16/10/2022

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

British authorities will be able to track trading contracts on the blockchain

Cryptocurrency NewsBy 14/10/2022

The bill on electronic documents was adopted by the UK House of Lords. The entry into force of the law will make electronic documentation legally recognized. The decision will contribute to the UK’s goal of becoming a center for cryptocurrencies and blockchain, announced by the United Kingdom’s Chancellor of the Exchequer, Richard Fuller. Electronic documents are meant to increase security as they are easier to trace through the use of blockchain and distributed ledger technology.…

Mike Novogratz: “The bearish trend in the market could last another six months”

Cryptocurrency NewsBy 13/10/2022

The CEO of the investment company Galaxy Digital said that the sellers are extremely exhausted, and their activity in the cryptocurrency and stock markets will last for a maximum of six months. According to Michael Novogratz, more and more sellers in the cryptocurrency market are “leaving the race”. He noticed that three months ago, after a big sell-off and deleveraging, most investors who needed fiat sold their holdings. Therefore, according to Novogratz, the price of…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 11/10/2022

Raul Pal: The economic crisis makes bitcoin more and more interesting for investment

Cryptocurrency NewsBy 11/10/2022

The founder of Real Vision, a former CEO of Goldman Sachs, said that the macroeconomic environment is starting to look attractive for investing in cryptocurrencies. Raoul Pal says investor sentiment is in a state of extreme fear right now, and this could be a catalyst for growth for risky assets like bitcoin and altcoins: “The bearish trend and the situation in the global economy makes everyone think that the global collapse of the financial system…

Opinion: “Distrust of banks contributes to the adoption of bitcoin in the EU countries”

Cryptocurrency NewsBy 10/10/2022

Julian Liniger, founder and CEO of bitcoin investment app Relai, said that since the 2008 financial crisis, people’s trust in the banking system has been greatly shaken. In his article, Julian Liniger cites a YouGov survey that found that the majority of Britons still trust traditional banks, with only 36% saying that financial institutions act in their own interest. Liniger believes that confidence in banks has declined due to persistent economic instability. “Bitcoin allows investors…

OSC: More than 30% of Canadians plan to buy cryptocurrency by 2024

Cryptocurrency NewsBy 07/10/2022

According to the Ontario Securities Commission, more than 30% of Canadians plan to buy crypto assets in the near future, and the regulator sees no need to counter their intentions. Speaking to the Economic Club of Canada, Ontario Securities Commission (OSC) director Grant Vingoe revealed that more than 30% of Canadians plan to buy crypto assets by 2024. According to Wingow, this reflects the significant potential inherent in blockchain technology. Wingow noted that the widespread…

The European Union agreed on a bill on crypto asset markets

Cryptocurrency NewsBy 06/10/2022

Representatives of the governments of the EU member states signed the text of the Bill on Crypto Asset Markets (MiCA). Now the bill must be approved by the European Parliament. The MiCA includes rules that apply to issuers of fiat crypto assets, issuers of stablecoins, and trading and custodial platforms. According to the document, virtual asset service providers must comply with rules aimed at protecting users and be liable in case of loss of investor…

The European Parliament voted to change the taxation of the crypto industry

Cryptocurrency NewsBy 05/10/2022

EU legislators supported the use of blockchain to identify tax evaders and tax the withdrawal of cryptocurrencies into fiat. European legislators at the plenary meeting during the discussion of the report of the European Parliament member Lydia Pereira (Lídia Pereira) tried to determine in which case transactions with cryptocurrencies should be taxed. And we came to the conclusion that it is advisable to do this at the stage of converting digital assets into fiat currency.…

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