According to the BIS study, an increase in Bitcoin’s value leads to more involvement from retail investors, which subsequently causes a decrease in the price when it falls. The Swiss-based Bank of International Settlements (BIS) recently surveyed retail investors on how they use crypto exchange apps. They found that a wide majority–one third–of those surveyed…
In an unexpected announcement, India stated that it plans to introduce its digital currency next year and tax cryptocurrencies and NFTs. According to Nirmala Sitharaman, the country’s finance minister, any income generated from the transfer of virtual assets will be taxed at 30%. She also suggested that a 1% tax deduction should be made on…
Speaking of Banker coins, Ripple recently announced that it will be developing a side chain for XRP that leverages the Ethereum virtual machine or EVM for smart contracts. In case you haven’t noticed EVM support has sent many Ethereum competitors to the Moon in the past including Harmony and Phantom XRP. Having an EVM sidechain…