The Spanish government has begun enforcing its tough cryptocurrency stance, as the national tax agency has swung into action. Reports show that the Hacienda just issued 14,800 warning letters to citizens who have failed or are yet to declare their crypto holdings. The warning noted that defaulters would incur fines of over 5,000 euros ($5,900). […]
When the Market MovesGains are made only when price moves. No price movement; no gains. While we cannot be sure of the next market volume and volatility, there are principles that can help us achieve our goals, no matter what the market does. Pay attention to buying and selling pressure, relative to price movements and […]
According to a recent study conducted by IDC Spain, a consulting company, businesses in Spain are adopting and using blockchain technology now more than ever. Across sectors like municipalities and public universities to corporations and industries, business organizations are adopting blockchain technology at unprecedented levels, thereby increasing the diversity and activity in the ecosystem. Based […]
Prominent US online brokerage provider Robinhood recently reported that the number of users that trade cryptocurrencies on its platform grew by six times in Q1 2021. According to a blog post dated April 8, Robinhood revealed that a total of 9.5 million users traded on its platform in the first quarter of 2021 alone, a […]
S&P 500 Price Analysis – April 8 S&P 500 renewed its year high by rising above 4100 at the time of this post. The index is consolidating under a new record high of 4102.5, posted after a 0.12% rally on Thursday, sparked by positive market sentiment. The global economy jumped as optimism about rapid growth […]
A week to its direct listing on Nasdaq, Coinbase has released its preliminary Q1 data, which reveals massive growth in its userbase and revenue. Trading volume on the exchange has grown by about 300%, while the revenue has grown to $1.8 billion, and more than 11% of all crypto assets in existence are stored on […]
The US dollar wilted overnight before the onslaught of bullish risk sentiment that swept Wall Street after Friday’s Non-Farm Payrolls and the overnight ISM Non-Manufacturing PMI data. The dollar index fell 0.47% to 92.57, although it has recovered slightly in Asia to 92.68. Notably, despite the robust ISM data and aggressive equity rally, US yields […]
A recent report from data analytics firm, CB Insights, shows that a whopping $2.6 billion has been raised by 129 blockchain-based start-ups in Q1 of 2021. For context, the total amount raised in 2020 by blockchain-based start-ups was a little over $2.3 billion. The report noted that the amount of capital raised in such a […]
The Bank of Japan (BoJ) officially announced that trials for its central bank digital currency (CBDC) are now live. The bank noted that the first phase of its trials should be completed by March 2022. According to a Reuters report, the trial will involve two phases. The BoJ will focus its trial on the technical […]
