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Only 7 of the 705 MEPs were opposed to the resolution while 47 were missing. Small investors and transactions are also taken into account by the resolution. The European Parliament has approved a plan to use blockchain technology to provide a more robust approach to minimizing instances of tax evasion,
Fidelity has been hard at work on their own cryptocurrency exchange, called EDX Markets. Mike Novogratz, CEO of Galaxy Digital first informed about the update. Registration paperwork submitted to the U.S. Securities and Exchange Commission (SEC) reveals that Fidelity has invested $5 million in a new Ethereum index fund. Moreover,
McDonald’s starts accepting BTC and USDT payments in Switzerland. Lugano city’s McDonald’s to be the first to accept crypto payments. City of Lugano is keen on making the city completely crypto based. McDonald’s, the world’s one of the first widely spread out multinational global fast food chains, has been accepting
As the US dollar hit its lowest level against multiple G7 currencies in two weeks on Tuesday, Bitcoin rose past $20,000. The rising dollar has reduced the value of commodities like crude oil, whose price dropped to a nine-month low last week. Additionally, Ethereum prices surged to a new five-day
FSOC Report provokes the mandatory need of crypto regulation in the US The UN forecasts a 2.5% drop in global economic growth this year. The Biden administration and the Capitol Hill, a.k.a the US Congress, are in serious conversation to enforce a crypto regulatory framework in the United States. The
The Biden administration has urged Congress to act swiftly to establish a stable regulatory framework for cryptocurrencies. It is becoming more obvious that countries throughout the world are adopting cryptocurrencies. Despite certain nations’ lack of support, the cryptocurrency market remains popular among investors. This is true in a number of
At its next meeting on November 4, the Fed will determine the next interest rate hike. Fed’s rate hikes this year will have a negative impact on developing nations. The United Nations has urged the Federal Reserve and other central banks to halt their interest rate hikes. To counteract growing
Since mid-August, Bitcoin’s stablecoin supply ratio has decreased to 4.5. Bitcoin is now trading around the $19.5k mark as per CMC. A few weeks ago, Bitcoin’s Sharpe ratio began climbing up from its September low of -4.38. It has managed to put itself together, but it is still hovering towards
The year 2022 so far has not yet been bright for the entire crypto industry, including the king, the Bitcoin (BTC). Ever since the start of 2022, the price of BTC has been plunging down further and further as time passes throughout the year. BTC started the year 2022, with
The financial world is buzzing about Credit Suisse. The recent increase in Credit Suisse’s credit default swap spread has garnered media attention. A credit default swap, or CDS, is a kind of derivative that enables one investor to hedge against another’s credit risk by exchanging their own credit risk for
