Crypto News Cast đŽ 03-04-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
đMarketCap:Â Â Â Â Â $2156 B
đ24h Mcap %: Â Â Â Â 0.23%
â ď¸Bitcoin Dom:     40.80%
đActive Coins: Â Â Â 4524
đ24h Vol %: Â Â Â Â Â -18.55%
đ˛24h Vol:        $91 B
Crypto News Updates :
- Solana And Cardano Futures Are Being Considered By CME Group
- South Korean Banks Seeks Approval To Service Cryptocurrency, Draft Report Reveals
- Beginning Next Month, Indonesia Will Levy A Tax On Bitcoin Transactions
- As Miners Chase 2M BTC, Bitcoin Networkâs Difficulty Reaches All-time High
- The Indian Government Consults IMF And The World Bank On Cryptocurrency Policy
- Cryptocurrency Is In High Demand, According To Cowenâs CEO
- In March, Ethereum Miners Made $1.29 Billion In Revenue
- Study Shows, One Out Of Every Five Americans Has Experimented In Cryptocurrencies
- As A Policymaker, Senator Lummis Defends Bitcoin Ownership
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â Solana And Cardano Futures Are Being Considered By CME Group
CME Group is considering whether it can provide futures based on cryptocurrencies with smaller market capitalization, such as Solanaâs SOL and Cardanoâs ADA, after releasing futures contracts related to bitcoin and ether in recent years. According to Payal Shah, CMEâs director of stock and cryptocurrency products, the Chicago-based exchange is considering launching altcoin futures contracts in response to increased client demand. Read Full on theblockcrypto.
â South Korean Banks Seeks Approval To Service Cryptocurrency, Draft Report Reveals
According to a draft report leaked on Friday, the Korea Federation of Banks (KFB) is reportedly requesting South Koreaâs upcoming presidential government to license local banks serving cryptocurrency. Banks should be allowed to develop virtual asset companies, such as crypto trading platforms, e-wallets, and custody services, according to the research. South Korean legislation currently prohibits local banks from such. Read Full on BeInCrypto.
â Beginning Next Month, Indonesia Will Levy A Tax On Bitcoin Transactions
Indonesia proposes to impose a value-added tax (VAT) on cryptocurrency transactions, as well as an income tax on capital gains from such investments, as a result of the recent growth in cryptocurrency trading. According to tax official Hestu Yoga Saksama on April 1, Indonesia plans to levy a 0.1 percent VAT on both transactions and capital gains from such investments beginning May 1. Read Full on Finbold.
â As Miners Chase 2M BTC, Bitcoin Networkâs Difficulty Reaches All-time High
The Bitcoin network is projected to get stronger as it supports the flourishing community, with just 2 million BTC left to mine as incentives and an influx of Bitcoin miners from all around the world. Due to considerations such as halving, it is expected that the remaining 2 million BTC (out of a total quantity of 21 million) would be mined by the year 2140. The mining difficulty of the Bitcoin network increased to an all-time high of 28.587 trillion on Friday. Read Full on cointelegraph.
â The Indian Government Consults IMF And The World Bank On Cryptocurrency Policy
According to the Mint publication on Thursday, Indian finance ministry officials are discussing a framework for cryptocurrency with various stakeholders such as the International Monetary Fund (IMF), the World Bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). The finance ministryâs consultation document, anticipated to be completed in the next six months, will address how to deal with bitcoin. Read Full on Bitcoin News.
â Cryptocurrency Is In High Demand, According To Cowenâs CEO
Jeffrey Solomon stated there is a lot of demand for digital assets during a Friday interview on CNBCâs âClosing Bell.â Last October, Solomon predicted that institutional clients who had yet to dip their toes into cryptocurrency will become âmore significantlyâ involved in digital assets in the coming years. Cowen Digital, the investment bankâs cryptocurrency branch, was launched earlier this month.Read Full on U.Today.
â In March, Ethereum Miners Made $1.29 Billion In Revenue
In March, Ethereum miners made a total of $1.29 billion in income. Revenues climbed by 7.2 percent month over month. Since November 2021, when revenue totaled $2.07 billion, they have been on a downward trend. The majority of this income ($1.21 billion) came from the block subsidy, with only a minor fraction ($78.27 million) and uncle awards ($58.23 million) coming from transaction fees. Transaction fees now account for 5.9% of overall income. Read Full on theblockcrypto.
â Study Shows, One Out Of Every Five Americans Has Experimented In Cryptocurrencies
According to a recent NBC News study, one out of every five Americans has used, invested in, or exchanged cryptocurrency. A total of 1,000 Americans took part in the poll, which was conducted between March 18 and 22. One of the important findings was that 21% of participants had already dabbled in cryptocurrency in some way. Men aged 18 to 49 made up the largest demographic group, with over half claiming to have used cryptocurrency. Read Full on theblockcrypto.
â As A Policymaker, Senator Lummis Defends Bitcoin Ownership
Senator Cynthia Lummis (R-WY) is the most outspoken supporter of Bitcoin in the United States government. And the junior senator from Wyoming is working on legislation that would effect Bitcoin and other crypto assets, which are currently unregulated in the United States. She told âMeet the Press Reportsâ that having Bitcoin is similar to owning livestock in terms of policymaking. Read Full on Decrypt.
