Tag: Report

Crypto users in Africa grew by 2,500% in 2021: report

Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions in Africa constitutes roughly 2.8% of global volumes. Johnny Lyu, CEO of KuCoin, told Cointelegraph that “the adoption of digital assets in Africa will continue to grow exponentially,” adding that “African countries have the highest…

Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals – Featured Bitcoin News

boss

With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly tax regime. Portugal Attracts Crypto Talent and Business From War-Torn Ukraine The Russian invasion of Ukraine has sent millions of refugees fleeing to other European nations and Portugal is no exception. Despite the great distance from the conflict zone, the country has already…

New Report From Dacxi Finds Lack of Crypto Education Stops Over 57% of People From Investing – Press release Bitcoin News

boss

press release PRESS RELEASE. Dacxi, the world’s leading Crypto Wealth Platform, released a comprehensive report titled ‘The State of Crypto Education 2022’. Based on the results of an extensive survey, the report points to the severe lack of appropriate crypto education for everyday people and its impact on their willingness to engage in the market. The report includes data surveyed from 2,000 Australians and 3,000 Britons. Almost 62% of the respondents were male, and 78.7% were over 45. Throughout the survey, several trends emerged. One was the changing attitudes to…

Bitcoin could see $37.5K weekend dip before ‘bigger move’ next week — new report

boss

Bitcoin (BTC) is set for a “bigger move” as soon as next week, fresh analysis says as volatility faces a breakout situation. In its latest market update, trading suite Decentrader told readers that the time would soon come to “pull the trigger” with liquidity as BTC price action goes up or down. Analyst on BTC: “The bigger move is coming” Bitcoin has been making lower highs and higher lows throughout this week as a descending wedge on lower timeframes sees volatility ebb. Such a situation cannot last forever, and for…

Ukraine’s largest savings bank halts Bitcoin buys with hryvnia: Report

boss

While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency. PrivatBank, the largest commercial bank in Ukraine, has temporarily restricted its customers from purchasing Bitcoin with the national currency, the hryvnia (UAH), industry publication Forklog reported on Thursday. Citing a spokesperson from PrivatBank, the report notes that the latest PrivatBank’s restrictions fall in line with an order from the National Bank of Ukraine. The…

Report – Taxes Bitcoin News

boss

India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with the country’s Central Board of Direct Taxation. Indian Tax Authority Going After 700 Crypto Investors India’s income tax department is reportedly cracking down on non-payment of taxes from cryptocurrency gains. The department is examining the high-value crypto transactions of about 700 investors, the Economic Times reported Tuesday,…

Real estate leads securitized blockchain assets in 2022 — Report

Real estate is an asset class that is ripe for integration with blockchain technology. Security tokens cover many categories but are dominated by real estate. The Cointelegraph Research Terminal is hosting a 33-page report by Security Token Market, a data and media firm, that covers the current state of real estate security tokens and the potential for continued adoption.  If you represent a real estate firm or have a portfolio that encompasses real estate, this report has the information you need to know on this developing shift in the industry.…