US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
    12 Apr 2023
    337 Views

    The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed. United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of…

    Bitcoin continues to shine with 98% of inflows into crypto investment products
    12 Apr 2023
    261 Views

    According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products. On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week, bringing…

    Utility and long-term profits top reasons for NFT purchases: CoinGecko study
    11 Apr 2023
    348 Views

    People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits. Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab. An April 10 CoinGecko report found most considered how…

    MetaMask launches new fiat purchase function for cryptocurrency
    11 Apr 2023
    336 Views

    The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH. Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The…

    New tax rules could mean a US exodus for crypto companies
    11 Apr 2023
    334 Views

    A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes. The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…

    Bitcoin hits $30K to mark highest price since June 2022
    11 Apr 2023
    260 Views

    Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and is at…