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Day: November 26, 2021

Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns

Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures were a consequence of “business-related considerations in the evolving regulatory environment.” …

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Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has advised investors to “buy bitcoin right now.” He explained that the U.S. is “looking more and more like any other irresponsible third world country.” Ricardo Salinas Pliego on US Economy and Bitcoin Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economy and bitcoin Wednesday. He is the …

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Metaverse will be a Trillion-dollar Market in Future: Grayscale

Cryptocurrency investment giant Grayscale released a report on Thursday stating that by 2025, the revenue of the virtual gaming world may grow to $400 billion. The report entitled “Metaverse, Web 3.0 Virtual Cloud Economy” mainly focuses on the overlap between virtual games and lifestyle while also speaking about the future development potential of blockchain technology in the …

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Australian Tax Office says it can’t rely on crypto users’ own records

“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner. The Australian Tax Office (ATO) said it can’t rely on crypto investors to keep track of their crypto transactions and profits — even though most investors …

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First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading

Ether rose more than 6% and altcoins GALA, SAND, MANA and SHIB were among other winners on the day. Good morning. Here’s what’s happening this morning: Market moves: Bitcoin broke above $59,000 with at least one analyst expecting a “healthy” holiday rally. Technician’s take (Editor’s Note): On account of the U.S. Thanksgiving holiday, today’s First Mover Asia …

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INTERNATIONAL FAIR DESIGN MIAMI TO ACCEPT BITCOIN PAYMENTS FOR ARTWORKS

Fairgoers will be able to buy selected objects with bitcoin through Coinbase, Design Miami said. International fair Design Miami will accept bitcoin payments for artwork this year. The fair will be held between December 1 and 5 in Miami Beach, alongside Art Basel. Design Miami has also introduced its companion mobile app, allowing fairgoers to …

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Elon Musk Calls Binance’s Dogecoin Problem ‘Shady’ — Says He’s Raising the Issue on Behalf of Other DOGE Holders

Tesla and Spacex CEO Elon Musk has raised concerns with cryptocurrency exchange Binance about its dogecoin issue. Musk calls the situation “shady,” adding that “DOGE holders using Binance should be protected from errors that are not their fault.” Both Binance CEO Changpeng Zhao and the official Twitter account for the crypto exchange responded. Elon Musk …

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Collins Dictionary Names “NFT” as the Word of the Year

2021 is coming to an end, “NFT” has now been named the word of the year by Collins Dictionary. The dictionary said the word as a short form of Non-Fungible Tokens, representing an offshoot of blockchain technology that lets creators tokenize digital collectables and artwork. The word was accorded the most popular word as its usage has …

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EY Survey Finds 1 in 4 Hedge Funds to Increase Crypto Exposure Next Year

EY, one of the big four consulting and auditing firms in the world, found that one in four hedge funds are expecting to increase their crypto exposure for the next year. The 2021 EY Global Alternative Fund Survey describes that alternative fund managers are slowly taking a stable place in the portfolios of investors, with …

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Blockchain analytics service Nansen to incorporate DeFi protocol Arbitrum

Arbitrum is currently the ninth ranked DeFi chain with $2.38 billion in total value locked. Blockchain data provider Nansen has announced the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-grade, the ability to identify emerging trends in the decentralized finance (DeFi) market. Technical charts and quantitative data will be …

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