CryptoClan (ENG)

2022-01-08 16:48:01 New York City Mayor: Best Time To Buy Bitcoin Is When It Drops, Reaffirm His First Three Paychecks Will Be In BTC

Elected as 110th Mayor of New York City in November 2021., after being elected Adams announced for the first time that he would receive his first three salaries in Bitcoin in Nov. According to the Mayor, having started his term on January 1st, he has not yet received his first paycheck.

The show's host, Andrew Sorkin, questioned whether the Mayor had already received his first salary in BTC and asked for his remarks on falling bitcoin prices; the Mayor said that he hasn't received his first paycheck yet but assured hir first paycheck would be in BTC, also claimed that it the best time to buy BTC when it falls. Open / Comment

2022-01-08 14:29:01 Large Venture Capital Firm Ready to Invest $900 Million in Cryptocurrency Industry

The general partner of Andressen Horowitz, Katie Haun, has set a goal of raising at least $900 million for numerous cryptocurrency investment funds, which will be a loud debate for the new venture capital company, FT reports.

The $900 million will be divided among two different funds. The first fund will utilize $300 million for investing in cryptocurrency start-ups. Another part of the collected funds will be used for making investments in larger companies or digital assets that have already found their place on the market. Open / Comment

2022-01-08 12:18:25 Scammers loot over $100 million from Pakistani investors via fake Binance-themed apps

In an unprecedented move against the crypto industry in Pakistan, the Federal Investigation Agency (FIA) issued a notice to Binance’s Pakistani agent in relation to an internet scam involving millions of dollars. Open / Comment

2022-01-07 20:57:01 The CEO of Airbnb says crypto payments is a top request for users in 2022 based on a Twitter survey

Airbnb CEO Brian Chesky revealed that the top feature users are requesting in 2022 is crypto as payment. Open / Comment

2022-01-07 18:47:08 Vitalik Buterin claims ETH was not ready for mass adoption

Ethereum creator Vitalik Buterin believes that the altcoin was not ready for mass adoption in its original form.

Vitalik Buterin told the Bankless Podcast that Ethereum in its original form was not ready for mass adoption. High fees on the Ethereum network make it unfeasible for daily transactions. Open / Comment

2022-01-07 15:12:01 Bitcoin Ownership Is an Edge Against Rampant Currency Devaluation

Morgan Creek Capital Management's Mark Yusko says that owning Bitcoin and other crypto assets is a means to escape rampant inflation.

In a new interview with CNBC, the head of the investment management firm calls Bitcoin a "Perfect" store of value asset in a world where governments are in a race to devalue their currency. Open / Comment

2022-01-07 12:26:01 15% Capital Gains Tax to Be Paid by Crypto Traders in Thailand

Bangkok Post has reported that the Finance Ministry of Thailand is now imposing a 15% capital gains tax on everyone who trades crypto and profits from it: traders, investors and cryptocurrency miners.

A source from Thailand's Finance Ministry has spread the word that now everyone who profits from crypto trading—that includes traders, miners and just investors—will have to pay a 15% gains tax on their profits from selling digital currencies. Open / Comment

2022-01-07 12:08:32 Funding Rates still positive for Bitcoin

On the last two big dips, funding rates flipped negative before a reversal.

During the Summer dip, funding rates remained negative for weeks.

It lasted only about a week during the Sept dip.

Keeping my eyes out for any changes Open / Comment

2022-01-06 19:50:31 Digital asset investment products saw inflows totalling $9.3bn in 2021, a 36% increase from 2020.

The final week of 2021 saw a third week outflows totalling $32m, with the trend suggesting diminishing outflows following the record weekly outflows mid-December. Total outflows for the 3 weeks now total $260m 0.4% of AuM. Open / Comment

2022-01-06 16:50:17 Bitcoin Ownership Is an Edge Against Rampant Currency Devaluation

Morgan Creek Capital Management's Mark Yusko says that owning Bitcoin and other crypto assets is a means to escape rampant inflation.

In a new interview with CNBC, the head of the investment management firm calls Bitcoin a "Perfect" store of value asset in a world where governments are in a race to devalue their currency. Open / Comment