Day: February 1, 2022

India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income

Having made this declaration on the digitized rendition of the Indian rupee, Indiaโ€™s first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the exchange and trade of virtual digital assets. On the 1st of February, Indian Finance Minister Nirmala Sitharaman announced the Budget for 2022. The Reserve Bank of India will soon launch its own Blockchain-based digital currency next year. In a declaration explaining the budget for the country, Sitharaman revealed that the introduction of a Central Bank Digital Currency (CBDC)…

BITCOIN DUMPS…HERE'S MY NEXT MOVE

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Today I am going to talk about Bitcoin’s fall today and what my next move is when it comes to crypto. โžก๏ธBuy Bitcoin & Crypto with IRA/401k ($100 Bonus) ๐Ÿ’ฐEarn 9.5% APY + $250 Bonus w/ Deposits โœ…Buy and Trade 100+ Crypto on Bybit ($3000 Bonus) ๐Ÿ’ณBlockfi Bitcoin Reward Credit Card: โžก๏ธGet Help with Crypto Taxes with CoinTracking: โœ…Buy and Trade 300+ Crypto on Kucoin ($500 Bonus): โœ…Buy and Trade 300+ Crypto on Gate.io ($50 Bonus): โœ…Buy Bitcoin & Earn on Binance…

UBS Q4 2021 Profit Spurs Bankโ€™s Agenda to Increase Financial Targets

UBS recently posted a profit for its fourth quarter which caps off a remarkable year for the Swiss banking giant, and sets the tone for more. Prominent Swiss bankย UBS Group AG recently posted its earnings for the fourth quarter (Q4) 2021, which showed a decline in profit. However, the latest results beat analystsโ€™ expectations and engendered new ambitious profitability targets by the banking powerhouse. This also includes a planned increase in its share buyback program. Net profit attributable to shareholders posted by UBS for the fourth quarter stood at $1.35…

MicroStrategy Buys Additional $25M Worth of Bitcoin During Market Dip

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MicroStrategy (Nasdaq: MSTR), the business-intelligence software company thatโ€™s taken to accumulating bitcoin, said it bought approximately 660 bitcoins for around $25 million between Dec. 30, 2021 and Jan. 31, 2022. The company paid an average price of $37,865 per bitcoin, it said in a statement. Tysons Corner, Virginia-based MicroStrategy now holds a total of 125,051 bitcoins, valued at about $4.8 billion at the current bitcoin price of $38,700. Shares of MicroStrategy have fallen around 34% over the last month. CEO Michael Saylor has been insistent that the company has no…

Diem Is Shutting Down after Silvergate Acquires Projectโ€™s Intellectual Property and Other Technology

Under the asset purchase agreement, Silvergate paid $50 million in cash to Diem and also issued 1,221,217 of its class A shares. After much effort from Meta, Diem Association is now shutting down after Silvergate Bank (NYSE: SI) purchased the stablecoin project. On the 31st of January, Silvergate announced that it is buying all technologies related to the Diem Association, while the Association said it would start winding down its operations. Meta Platforms announced the stablecoin project in June 2019 as Libra before it was rebranded to Diem Associationย in December…

SOL Price Shoots Over 15% as Coinbase Adds Support for Two Solana-based Crypto Tokens

Coinbase announced support for two major SOL coins โ€“ FIDA and ORCA. this is for the first time that Coinbase is supporting non-Ethereum coins. In a high relief for Solana investors, SOL has reversed the downfall gaining 16% in the last 24 hours. As of press time, SOL is trading 16.96% up at a price of $106 with a market cap of $33.4 billion. The latest price surge in Solanaย  (SOL) comes partly because of the broader market recovery and partly due to the Coinbase announcement. On Monday, January 31,…

Terra Founder Floats $38M Proposal for American Sports League Deal

โ€œThis proposal involves a legendary sports franchise and a household name in one of the major four American professional sports leagues โ€“ the NFL, NBA, NHL, and MLB,โ€ Kwon said on Tuesday. โ€œFor legal reasons, we cannot reveal the identity of the franchise until after the voting period has concluded, and the partnership agreement is settled.โ€ Source

Meta joins patent alliance, pledges free crypto patents for all

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The Crypto Open Patent Alliance (COPA) has welcomed Meta as a member, with the social media giants vowing to make its core crypto patents accessible to all. Meta, formerly Facebook, has joined the COPA, a group that advocates for public patents on crypto and blockchain-related technologies. On Monday, the organization published a statement announcing Meta and noting that Shayne O’Reilly would be its representative. By joining COPA, Meta will become one of 30 other businesses committed to not enforcing their “core cryptocurrency patents.” The general manager of COPA, Max Sills,…

FANTOM EMERGENCY UPDATE: FTM TO $5 NEXT WEEK!!!!!!!!!!?????? FTM + BTC Price Prediction Analysis

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io This Bitcoin and Cryptocurrency trading analysis applies to various exchanges, including Bybit and Binance. Tackling questions like if Bitcoin can reach all time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. โšก๏ธ๐—ข๐—™๐—™๐—œ๐—–๐—œ๐—”๐—Ÿ ๐—™๐—ข๐—ฅ๐—™๐—Ÿ๐—œ๐—˜๐—ฆ ๐—–๐—›๐—”๐—ก๐—ก๐—˜๐—Ÿ๐—ฆ (๐—ง๐—˜๐—Ÿ๐—˜๐—š๐—ฅ๐—”๐— /๐—ช๐—˜๐—•๐—ฆ๐—œ๐—ง๐—˜)โšก๏ธ ๐Ÿš€ Forflies GOLD: ๐Ÿš€…

Crypto payment card โ€˜top priorityโ€™ for Binance Ukraine in 2022

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Major cryptocurrency exchange Binance continues pushing operations in the Commonwealth of Independent States (CIS) by preparing a new crypto payment card in Ukraine. Binance is looking to reach a dominant position in the crypto market of Ukraine by offering a wide range of local crypto services, Binance Ukraineโ€™s new general manager Kirill Khomyakov said in a Monday interview with Forbes Ukraine. “Binance card is not yet available for Ukrainian users, but we are actively working on its launch. This is one of our top priorities for 2022,”ย Khomyakov told Cointelegraph. Apart…