A recent study by experts found that the number of adults using digital assets for day-to-day purchases in the US will increase by 70% compared to last year, and the metric will increase from 1.08 million to 3.6 million users.
Over 700 Million Dollars Liquidated as Terra (LUNA) Falls Under $1!
As of yesterday, the cumulative market capitalization of all cryptocurrency assets reportedly exceeded $400 billion in less than a week and fell to $1,350 trillion, the lowest level in 10 months. However, total liquidations exceeded $700 million on a 24-hour scale.
TRON DAO Adds $2 Billion to its Reserves to Protect TRX!
Following the Terra disaster, Justin Sun assured on Twitter that he plans to set aside $2 billion to fight potential attacks on TRX.
Terra's Founder Do Kwon Unveils Plan to Save Terra!
Terraform Labs CEO Do Kwon, who remained silent for 18 hours after reports about Terra, planned several remedial measures to save Terra. Kwon suggested that he would increase the base pool from $50 million to $100 million in SDRs and reduce PoolRecoveryBlock from 36 to 18.
Mark Cuban: "Cryptocurrency Has Recesssion"!
"Cryptocurrencies are going through a period of recession," Mark Cuban said on Twitter, comparing the current cryptocurrency market to the Internet of the 2000s. However, Cuban believes that smart contracts will be the next driving force in the cryptocurrency ecosystem.
Israeli Central Bank Hesitates About CBDC!
According to Reuters, the Israeli central bank has yet to decide whether to create a digital version of the fiat currency, although public opinion supports the central bank's idea of digital currency. Although the discussions on digital shekels have been going on since 2017, no conclusion has been reached.
Grayscale and the SEC Came Together!
According to CNBC, Grayscale met privately with the SEC last week to persuade it to approve the conversion of its funding into an ETF. However, converting the Grayscale Bitcoin Trust into an ETF traded on NYSE will expand access to Bitcoin and improve protections and provide up to $8 billion in value for traders.
Germany Won't Tax for Selling BTC and ETH if Held for Over a Year
The German Ministry of Finance published the country's first cryptocurrency tax guideline. Parliamentary Spokesperson Katja Hesse said that individual investors could sell Bitcoin and Ethereum tax-free, which they hold for a year.
Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App
In a statement, Nubank said it allowed its customers to purchase, sell and retain Bitcoin from the bank's mobile app. Nubank will also allocate 1% of its portfolio to Bitcoin to “strengthen the company's faith,” stated. However, Warren Buffet, which owns Nubank shares, has indirectly invested in BTC.
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