DriveWealth, a SoftBank-backed start-up that helps fintech firms offer stocks, will reportedly offer cryptocurrency trading services to customers. The company will acquire Crypto-Systems, a separate digital asset organization based in the United States.
FSInsight's Ethereum Year-End Target is $12,000 and Bullish Forecast for Bitcoin
The research firm, which provides services to clients in a range of investment vehicles, including digital assets, said it expects the second-largest cryptocurrency by market cap to see a huge rise in 2022. FSInsight highlighted that the digital asset has the potential to return more than 250% from its present value by the end of the year. FSInsight hinted what to expect from Bitcoin as well as Ethereum. Research notes for the outlook for the leading cryptocurrency say that the digital asset could rally up to $200,000 in the second half of 2022.
In the House Hearing, Congress Rejects Treasury’s Proposed Stablecoin Regime
The Treasury's effort to transition stablecoin issuers to a banking regime met solid resistance from the House Financial Services Committee yesterday, but other reporting requirements are certainly up for debate.
XRP Prices Rise After Number of Active Addresses On Its Network Hits All-Time High
The price of XRP, the native currency of the XRP Ledger, has returned over 36% in the past few days after the number of active addresses on the network soared to an all-time high above 200,000.
Georgia Is An Attractive Area For American Bitcoin Miners (Report)
The state of Georgia could be the next hub for cryptocurrency miners as it provides relatively low electricity prices and large amounts of nuclear and solar power, according to new coverage. Also, local regulators have taken a friendly stance towards this aspect of the digital asset industry.
Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply
Data from ten chain researchers at Santiment as the market cap of stablecoin Tether approaches $80 billion at its current valuation of $77.9 billion. It shows that $1 million worth of Tether addresses hold more than 80% of the entire supply.
New Tax Proposal In Kazakhstan Could Push Crypto Miners Out
Kazakhstan Deputy Finance Minister Marat Sultangaziyev recently proposed that the government increase the electricity tariff by 335%. If this is accepted, it means that cryptocurrency miners in the country will no longer pay a flat rate of $0.0023 per kWh. Instead the electricity fee will now be $0.01.
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