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Monero XMR

Monero (XMR) Price Hit a 3-Year High

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Recent developments of the Monero network resulted in its price surge which reached a 3-year record and now is near to an all-time high set in 2017. XMR price surged above $424 for the first time since December 2017, when it hit $470. The token ranks 22nd by market cap which stands at around $7.1...

Venmo crypto payments

Mobile Payment Service Venmo Allows Crypto Trading

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P2P payment provider Venmo owned by PayPal announced the launching of crypto buying and selling functions. The users of the network will be able to purchase BTC, Ether, LTC, and BCH with a spending requirement of at least $1 and share the activities on the app's feed. The possibility is allowed...

IRS NFT tax

IRS Representative Says NFTs May be Used to Avoid Taxes

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An official of the U.S. Internal Revenue Service (IRS), Charles Paul Rettig expressed his concerns about NFTs describing them as "not visible items by design". While speaking at the Senate Finance Committee hearing, Rettig said non-fungible tokens may be used for tax evasion. When asked...

Coinbase Brian Armstrong

Coinbase CEO Responds to Peter Thiel's Opinion on Crypto

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Today, April 14 Coinbase CEO and co-founder Brian Armstrong gave an interview to CNBC, during which he talked about investing in Coinbase, the purpose of the platform, its goals for the future and if crypto may be used as a financial weapon. Company the valuation of which is now equal to that of...

Crypto billionaires

12 Names Related to Crypto Are in the Forbes List

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The well-known magazine Forbes lately brought out 2021 annual rankings of the most affluent individuals worldwide. The names are issued every year in March. In 2021 the mark surged to a record of 2,755 which is 600 more than that of the previous year. Forbes' research shows the number of names...

Robinhood crypto

Robinhood Announced 9.5 M Clients Purchased Crypto in Q1

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On April 8, trading operations provider Robinhood published a blog post announcing that in the Q1 of 2021 the number of customers of its crypto trading service reached 9.5 million. In the last quarter of the previous year, this number was 1.7 million. In March the company said that since the...

State Street crypto

State Street to Integrate Crypto Purchases on Its Platform

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Boston-based leading international financial services provider State Street unlocks crypto purchase function on its network. Particularly, the institution partnered with Puremarkets to offer the option on the Currenex platform. Pure Digital is building an over-the-counter (OTC) crypto exchange...

Coinbase q1 2021 revenue

Coinbase Q1 2021 Revenue Hit $1.8 Billion

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American major cryptocurrency exchange platform Coinbase reported results of the first quarter of 2021. It was the best quarter of the company as the revenue crossed $1.8 billion. The report was filed with the US Securities and Exchange Commission (SEC) on April 6. Compared to the first-quarter...

Bitcoin performance

Bitcoin Is Seeing Its Best Performance Since 2013

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BTC has been seeing the best quarter of its performance after the year 2013. The first quarter of 2021 came to the end. The majority of top cryptocurrencies have made progress during this interval. The entire market cap of all crypto assets stands at around $1.9 trillion currently. Bitcoin trades...

Filecoin Reaches new highs

Filecoin Now Is Among the Top 10 Tokens by Market Cap

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FIL, the native token of a decentralized protocol Filecoin, has seen significant price growth. At the moment the token trades at around $210.68 and ranks the ninth in terms of market capitalization which is above $13.3 billion. The interest in investing in FIL has been surging. On March 17, asset...

FCA crypto

UK Crypto Firms to Issue Yearly Financial Crime Reports

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The regulatory agency of the United Kingdom, Financial Conduct Authority (FCA) said that crypto assets firms refer to the class of organizations that must deliver financial reports of crime (REP-CRIM) annually. We have published our policy statement, which will see #crypto asset businesses added...

PayPal allows crypto

PayPal Allows U.S. Clients to Pay Merchants with Crypto

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Major payments entity PayPal announced enabling US clients to pay merchants from over the world with crypto. Specifically, users holding BTC, Eth, Bitcoin Cash (BCH), and Litecoin (LTC) in PayPal wallets will have the option to exchange them with fiat money at checkouts for trading. PayPal's Chief...

Visa crypto transfers

Visa to Provide Payment Settlements Via Crypto

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International payments technology company Visa said on March 29 it will unlock the option of using USD Coin (USDC) to settle transactions on the platform. Visa teamed up with cryptocurrency and payment operations provider Crypto.com to launch the pilot project. The company aims to offer more firms...

Bitcoin addresses

The Number of BTC Addresses With 1 Coin or Less Is Growing

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Data provided by blockchain analytics firm Glassnode shows that the number of addresses having one Bitcoin or less now is 5.20% of the entire supply of the cryptocurrency. After hitting tops of around $1.83 Trillion, the market capitalization of Bitcoin fell. At the moment it states at around $989...

Binance hires FATF employees

Binance Hires Two FATF Former Officials

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Today, March 25, crypto trading platform Binance issued a blog post informing about the employment of two previous officials of the Financial Action Task Force Rick McDonell and Josee Nadeau as its regulative and compliance specialists. The news came about two weeks later after the US federal...

Robinhood IPO

Robinhood Applies for IPO

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On March 23, online broker Robinhood has filed for an IPO (initial public offering) with the SEC in confidence. The team verified the news by posting a blog post. It's not clear yet how the process will be managed. However, according to Bloomberg, Robinhood considers listing the shares on...

Gemini new listings

Gemini Integrates Seven More DeFi and NFT Coins

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Crypto services provider Gemini founded by the Winklevoss brothers informed about listing seven new assets. They represent DeFi, non-fungible, and Web 3 infrastructure sectors. Thus, the amount of offered coins and tokens reached 33. Besides, there are 10 crypto assets for custody. The newly added...

CBN about crypto

Nigeria's Central Bank Stated Crypto Trading Isn't Banned

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Adamu Lamtek, a senior exec of Nigeria's Central Bank (CBN) informed that cryptocurrency trading isn't prohibited in the republic. In February CBN directed banks to shut down accounts that perform crypto operations. This raised a lot of discussions among the people interested in crypto. Explaining...