🛡CA Capital Announcements

2022-04-22 22:32:42 Bitcoin investors tend to have low financial literacy, according to BoC research

Canadian bitcoin owners tend to have low levels of financial literacy while being exposed to elevated levels of financial risk, according to new Bank of Canada research.

The researchers found that bitcoin owners tend to have a greater knowledge of how bitcoin technology works than non-owners, but score lower on general financial knowledge questions.

The Bank of Canada's research suggests crypto investors need to be aware of the risks that accompany the asset class.

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2022-04-22 20:33:35 New York Is Battleground for Crypto Mining Fight

Crypto companies are fighting a proposal in New York that would restrict the mining of digital assets, worried that other states might make similar moves.

The bill would place a two-year moratorium on reactivating fossil-fuel power plants for off-the-grid cryptocurrency mining.

Cryptocurrency miners earn digital cash by solving mathematical equations with computers that require large amounts of energy to power.

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2022-04-22 17:30:52 US Citizens Are Moving Abroad to Sidestep Crypto Regulation, Law Firm Says

The number of US nationals looking to gain residency or citizenship abroad has spiked in recent years, according to a law firm - and crypto regulation is a prominent driver.

The law firm has between 50 and 100 clients in the US each year, and about half are involved in crypto.

Amid the increased demand for its services by US citizens, Harvey Law Group in February moved to open its first US outpost

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2022-04-22 00:34:39 Australia Green Lights Bitcoin EFTs With Launch Set for Next Week

Australia look set to approve its first two bitcoin exchange-traded funds in the next week, starting with the Cosmos Purpose Bitcoin Access ETF by Cosmos Asset Management.

Cosmos intends to invest in the Purpose Bitcoin ETF, the leading ETF in Canada with assets of over $1 billion, reports Bloomberg.

"Once we decided to build a range of crypto ETFs for the Australian market, there was only one partner we wanted to work with, and that's 21Shares," said Graham Tuckwell, Chairman of ETF Securities Australia.

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2022-04-21 20:51:36 Ethereum Earned Global Investors $76.3B in Realized Gains Thanks to DeFi

While there's been plenty of talk of Ethereum flipping Bitcoin in terms of market capitalization, the leading cryptocurrency is still firmly holding its ground, dominating as much as 41% of the entire crypto market.

The second-largest cryptocurrency went ahead of Bitcoin in total realized gains in 2021, clinching a narrow win with $76.3 billion to Bitcoin's $74.7 billion, according to a new report by blockchain forensic firm Chainalysis.

"We believe this reflects increased demand for Ethereum as the result of DeFi's rise in 2021, as most DeFi protocols are built on the Ethereum blockchain and use Ethereum as their primary currency," reads the report.

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2022-04-21 18:39:33 46 Crypto Executives Push EU Regulators To Reconsider Upcoming Digital Asset Rule Changes

Crypto businesses are reportedly asking finance leaders in the European Union to reconsider a law that would require them to collect and share details of transactions involving Bitcoin and other digital assets.

The news agency reports that 46 European crypto industry leaders and organizations sent a letter to 27 EU finance ministers.

The letter, dated April 13, warns that requiring the disclosure of the transaction details and wallet addresses of crypto holders could put digital asset owners at risk and reduce their privacy and safety.

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2022-04-21 18:13:23 Morgan Stanley Says Crypto Could Become More Widely Used as Currency

Few people use cryptocurrencies to pay for everyday goods because transaction fees are high and merchants don't accept crypto in payment, but that is changing, Morgan Stanley said in a research report Thursday.

Morgan Stanley says partnerships with physical stores are a more important milestone in the "Evolution of bitcoin usage as a medium of payment," as over 85% of sales in the U.S. occur in shops rather than online.

Crypto is already widely used as a currency in the digital asset world, the report said, adding that ether is predominantly needed to buy non-fungible-tokens.

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2022-04-21 17:08:33 The Worldwide Crypto ATM Industry is Expected to Reach $370.5 Million by 2027

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2022-04-21 02:57:31 Coinbase NFT Marketplace Goes Live. Can It Rival OpenSea?

Crypto exchange Coinbase launched the beta version of its long-awaited non-fungible token marketplace on Wednesday, allowing a small group of users from a wait-list of 3 million to use the platform for the first time.

The marketplace will support "All sorts of self-custody wallets" besides the official Coinbase Wallet, a decision the exchange made to create "An open NFT environment for everyone," according to the briefing.

A social media-focused marketplace is novel in the current NFT landscape, but could become the norm as more players enter the industry.

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2022-04-21 02:11:23 Crypto may be less anonymous and more centralized than you think, expert says

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