Tag: US

FraudSafety
Ransomware as a service – a major crypto industry

Ransomware is big business. The Chainalysis 2022 Crime Report estimated that in 2020, $692 million in ransoms were paid. In 2021, the conservative estimate is $602 million. The ransomware economy is diverse – approximately 140 ransomware strains received payment in 2021. Ransom amounts have also increased. In 2021, average payments were $118,000, up from $88,000 […]

3 weeks ago
Finance
​​Decentralised Finance (DeFi)- a concept that has yet to evolve

Defi is a buzzword that suggests freedom, but paradoxically, the freedom it promises is held back by a lack of regulation. So will governments, public bodies, and large-scale financial and legal institutions ever really turn away from records and ledgers?  Having the ability to conduct one’s affairs, financial business, and contractual business on ‘open-ledgers’, verified […]

4 weeks ago
Regulation
Crypto communism – Not for the people?

In many countries, the uptake of cryptocurrency and the Blockchain has been fast and extremely popular. Around the world, the increase in crypto adoption between 2012 and 2021 was considerable, sending the price of Bitcoin up by 540,000% in this time period. However, the same has not been true in communist countries, such as Russia […]

1 month ago
Regulation
President Biden’s executive order and what happens now

Summary President Biden’s executive order paves the way for full integration of crypto into the US financial system The SEC has promised greater crackdowns on crypto exchange noncompliance Thanks to the new infrastructure bill, crypto exchanges need to notify the IRS of transactions As the stablecoin economy crumbles, Treasury secretary Janet Yellen pushes for further […]

1 month ago
CryptoCryptocurrencies
Inflation and Bitcoin – what does it mean for the daily shop?

BITCOIN – FULL FAT OR SEMI-SKIMMED? Inflation is once again becoming the bogeyman of western economies, the Bitcoin price has nearly halved, interest rates are rising and markets are jumpy but where does that leave the everyday shopper? There’s no doubt that rising inflation is the one thing all governments are keen to avoid – […]

2 months ago
Crypto TaxRegulationTax
How is crypto taxed in the United States

When cryptocurrency was in its infancy, there were very few rules around how it should be taxed or whether it should be taxed at all. The concept of cryptocurrency taxes didn’t really exist at the beginning. Indeed, there were a number of investors and traders who started trading for this very reason. Now, however, as […]

2 months ago
Crypto
Is Bitcoin going mainstream?

Bitcoin – the crypto that came in from the cold. Despite the dramatic price falls in Bitcoin at the tail end of 2021, Germany is giving the go-ahead for Bitcoin and Ethereum to form part of a nationwide savings offering, and Fidelity in the US is to allow Bitcoin to form up to 20% of employee investment schemes. Does […]

2 months ago
Crypto ATMs
Bitcoin ATMs – A passing trend?

TLDR Remember when crypto was still niche and there was a need for ATMs to buy assets such as Bitcoin? Of course you do. Indeed, the number of (Bitcoin ATMs) had grown from 348 in March 2015 to 37,320 in the latest data, according to CoinATMRadar. However, as the development of the Blockchain has advanced, […]

2 months ago
Proliferation
Are crypto-backed mortgages the future?

Once upon a time, sub-prime mortgages were the bright, new kids on the block…and we all know what happened there. Now, some 20 years on with interest rates at record lows (at least for the time being) and bricks and mortar still a potent investment, it was inevitable that crypto-backed mortgages, in some form or […]

2 months ago
Finance
Fidelity to attract 18-35 year olds with Metaverse gig

The investment giant Fidelity launched a Metaverse outpost in Decentraland in April The move was calculated to bring attention to two new ETFs: the Metaverse ETF (FMET)  and the Crypto Industry and Payments ETF (FDIG) Financial literacy in the Metaverse The investment company Fidelity opened up an outpost in Decentraland in late April – the […]

2 months ago

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