Costa Rica Lawmakers Propose Tax Cuts on Crypto Assets

Cryptocurrency NewsBy 28/10/2022

Costa Rica lawmakers are working to significantly reduce taxes on digital assets and make the Central American country attractive to crypto investors and Web 3 companies. This week, Costa Rican congressional deputies Johana Obando, Luis Diego Vargas and Jorge Dengo introduced a bill to regulate the crypto market in the country. The key idea is to enact a law that not only defines the concept of digital assets, but also allows those who want to…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 27/10/2022

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…

Mike McGlone: ”Ethereum’s move to PoS will be the main catalyst for the growth of ETH”

Cryptocurrency NewsBy 27/10/2022

The Bloomberg exchange strategist is sure that the successful transition of the Ethereum network to the Proof-of-Stake consensus algorithm laid the foundation for a steady growth in the rate of the second largest cryptocurrency by capitalization. On Wednesday, October 26, the Ethereum exchange rate for the first time since the successful Ethereum merger on September 15 crossed the $1,500 mark. With the switch to PoS, Ethereum is expected to become a deflationary asset and attract…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 26/10/2022

Building a Diverse Trading Portfolio A look at the importance of risk mitigation through diversifying your portfolio. When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing. The Benefits of a Diversified…

Elon Musk closes deal to acquire Twitter within three days

Cryptocurrency NewsBy 26/10/2022

Tesla CEO Elon Musk said the deal to acquire the social network Twitter should be closed by Friday. Against the backdrop of this news, the cost of Dogecoin jumped by almost 8%. The cryptocurrency market reacted positively to reports of the imminent acquisition by Elon Musk of the social network Twitter. So, according to СoinMarketCap, the cost of the DOGE coin, which is actively supported by the businessman, increased by almost 8% during the day,…

Rostin Benham: “The CFTC can regulate the cryptocurrency market together with the SEC”

Cryptocurrency NewsBy 25/10/2022

The chairman of the US Commodity Futures Trading Commission, Rostin Banham, dispelled doubts about the struggle between the CFTC and the SEC for the authority to regulate the cryptocurrency market. Speaking at a recent event in Manhattan, Rostin Behnam touched on the topic of cryptocurrency legislation. According to him, in order to pass any specific laws, it is first necessary to determine which cryptocurrencies are considered commodities and are subject to the supervision of the…

Katherine Wood: Bitcoin capitalization will grow to $4.5 trillion

Cryptocurrency NewsBy 24/10/2022

Fund manager ARK Invest said that bitcoin could become more valuable than most fiat currencies, including the US dollar. Cathie Wood said that when bitcoin was worth $250, she asked renowned economist Art Laffer to study the First Cryptocurrency White Paper to see if BTC could fulfill the roles of fiat money as a store of value, unit of account, and medium of appeals. Laffer responded that Bitcoin has the potential to be an asset…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 21/10/2022

Hussein Hallaq: “In the future, museums will become giant NFT galleries”

Cryptocurrency NewsBy 21/10/2022

The founder and CEO of Momentable is confident that the future transformation of museum exhibits into NFT galleries is inevitable. Serving major museums, Momentable spends a lot of time exploring the prospects and opportunities for the art world associated with the use of blockchain and NFT technologies. Momentable CEO Hussein Hallak told reporters that Momentable’s company is seeing a gradual infiltration of digital art from virtual museum displays into traditional museum venues: “NFT is an…

US lawmakers exclude software developers from the definition of a cryptocurrency broker

Cryptocurrency NewsBy 20/10/2022

Amendments to the bill on consumer protection of digital goods exclude software developers from the definition of a cryptocurrency broker and do not require centralized management of platforms. After the updated draft of the Digital Consumer Protection Act (DCCPA), which the Commodity Futures Trading Commission (CFTC) will use to regulate the industry, was uploaded to GitHub, many software developers breathed a sigh of relief. Classification as a broker entails specific tax reporting requirements that software…

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