According to a new report by PwC, cryptocurrency-focused hedge funds increased their investment in 2020 by close to 100% compared to the year before. On average, these companies returned about 120% last year compared to an average of 30% in 2019. Meanwhile, PwC and the Alternative Investment Management Association (AIMA) recently released their third annual […]
The new US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has urged Congress to pass cryptocurrency legislation to protect investors. Gensler revealed that the Commission is working with the Commodity Futures Trading Commission (CFTC) and the US Treasury Department to tackle the illicit use of cryptocurrencies. Gensler explained to the subcommittee in Congress that […]
If in the past, in the field of cryptocurrencies, investors wanted to find a way to increase profits or increase the number of coins held by trading, now there is a new way to help investors quickly increase that amount of coins. It is Yield Farming. So what is Yield Farming? How does it work? […]
The President of Iran, Hassan Rouhani, has announced a four-month ban on all cryptocurrency mining activities ahead of elections. The announcement came on Wednesday, a day after the Iranian Energy Minister, Reza Ardakanian, apologized for unexpected power cuts across large cities. Iranian public officials have always blamed unlicensed cryptocurrency mining operations for consuming significant amounts […]
The governor of the central bank of Nigeria (CBN), Godwin Emefiele, has asserted that digital currency “will come to life even in Nigeria.” This statement comes just a few months after the apex bank ordered commercial banks in the country to stop facilitating cryptocurrency transactions. While acknowledging that the country is a leading force in […]
South Korea’s central bank has indicated its resolve to implement a central bank digital currency (CBDC) at a slow but sure pace. According to a report by the Korea Herald yesterday, the Bank of Korea (BOK) is working on a virtual environment to allow for the evaluation, control, and testing of various stages of its […]
“…Trading looks like work. It requires a certain level of persistence just to even dip their toe in the water and some shiver and run away before they give themselves a chance to ‘get it’. This is exactly why the wealth of the population is pyramid shaped, with only a few people rising to the […]
The United States Treasury has called on the IRS to impose rigorous cryptocurrency compliance measures, citing significant tax evasion risk in the industry. According to a new order by the Treasury Department, all transactions over $10,000 have to get filed with the IRS for documentation and taxation objectives. This announcement comes after the cryptocurrency market […]
According to a report by the Financial Review, Australian lawmaker Jane Hume earlier today argued that cryptocurrency is not just a fad and will become more important as an asset class. Her crypto-based comments were part of a speech explaining the Prime Minister of Australia’s approach to the new era of digital financial assets and […]
