Tag Archives: AA News

The Southeast Asian country of Indonesia considers a plan to tax trading with digital assets. However, a spokesman from the tax office revealed that the proposed scheme was still at the discussion stage, and no changes have yet been applied. The Crypto Environment in Indonesia The biggest economy in Southeast Asia – Indonesia – saw a massive increase in crypto users in the past months. Following the recent rally of most digital assets, local residents of the country turned...

The US-based cryptocurrency exchange Gemini announced it will grant its customers the opportunity to earn interest on Dogecoin. They can realize as much as 2.25% annual percentage yield (APY) on the meme coin. With this innovation, Gemini Earn now accounts for more than $2 billion in loans for its customers. DOGE Coming to Gemini The massive craze around the meme coin keeps its invasion and reached the US trading venue Gemini. The official website of the crypto exchange...

The significant rise of the altcoins in price and popularity has raised concerns among South Korean officials. The nation’s bank association has advised its members to investigate the rapidly growing number of alternative coins available for trading on crypto exchanges. South Korea Warning for Altcoins Although bitcoin is well in green since the start of the year, 2021 is so far going towards the altcoins. Multiple coins have skyrocketed in value in recent months, leading to...

Morgan Creek Capital Management’s CEO believes Bitcoin’s price can skyrocket to $250,000 in the next five years. He opined that many investors underestimate and ignore the potential of the primary cryptocurrency. Bright Future for BTC Bitcoin saw some turbulent times in recent weeks after reaching an ATH of almost $65,000 in the middle of April. And while the current value of the digital assets has been struggling below $60K, Mark Yusko envisions a significantly more...

The trend of giant banks developing crypto services is expanded beyond the US with Switzerland’s UBS Group AG. The institution plans to enable its wealthy customers exposure to digital asset investments later in the year. By citing people familiar with the matter, Bloomberg reported that UBS Group AG is in the “early stages of planning to offer wealthy customers digital currency investments.” The bank, based in Zurich, Switzerland, with over $1 trillion in Assets Under...

Michael Saylor, co-founder, and CEO of the business analytics company MicroStrategy believes it is not wise to bequeath the trendy cryptocurrency Dogecoin to your grandchildren. In comparison, he outlined BTC’s potential and breached the significant differences between the primary cryptocurrency and the meme token. Saylor Warns About Dogecoin Investments In a recent interview, MicroStrategy’s leader – Michael Saylor – touched upon Elon Musk’s recent tweets and public...

Andrew Bailey – Bank of England Governor – warned about the potential risks involved with cryptocurrency investing. He argued that digital assets ”have no intrinsic value” and individuals who invest in them should be extra cautious. The Governor Against Crypto In a recent press conference regarding the skyrocketing prices of cryptocurrencies, Andrew Bailey warned people to be exceptionally careful when allocating funds to them. The Bank of England Governor opined that there...

The National Payments Corporation of India (NPCI) does not intend to block cryptocurrency trading. Instead, it plans to leave the decision to individual banks and thus they can determine their own risk level. NPCI to Pass the Decision to Local Banks The consequences of the COVID-19 pandemic caused colossal damages to the nation and many experts outlined the uncertainty which reigns in it. But despite the current catastrophic situation in the Asian country, trading volumes in...

Barry Silbert, the founder of several major cryptocurrency ventures, most notably Grayscale, has announced his big bet against Dogecoin, which was made via the DOGEBEAR2021 token offered by FTX. On top of that, Silbert suggests DOGE holders to sell their coins for Bitcoin. Dogecoin’s Turbulent Rise DOGE has enjoyed a tumultuous rise over the past few weeks, skyrocketing to new highs on the back of renewed interest from both Elon Musk and the general investor crowd. While many...

Reminiscent of the late 2017 ICO craze, a large number of new small-cap cryptocurrencies are gaining market caps in the millions of dollars – for seemingly no reason. Most of them appear to be forks of each other, promising great things but never really delivering and derive their value from hype alone. DOGE: The King of Useless Altcoins Dogecoin, which was created as a joke, has amassed a market cap of almost $100B, which was considered virtually impossible 2 years ago....