Investing – Page 74 – The Trust Nest

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Revolut Launches Crypto Trading Platform ‘Revolut X’ for UK Retail Customers

May 7, 2024

Global fintech firm Revolut has introduced its standalone crypto trading platform called Revolut X, catering to UK retail customers. The company, which initially began operations in the UK in 2015 offering money transfers, expanded its services to include…

Investing

Canada’s Tax Authority Targets Crypto Tax Dodgers, Investigating Multimillion-Dollar Cases

May 7, 2024

The Canada Revenue Agency (CRA) is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors. The National…

Investing

Bitcoin Price Prediction: Hits $64,000 on U.S. Economic Slowdown, Rate Cut Hopes

May 7, 2024

Bitcoin Price Prediction Bitcoin failed to continue its upward trend despite multiple supporting factors such as a bearish US dollar and a dovish stance from the Federal Reserve. It lost…

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Polygon Launches Alpha Testnet of Zero-Knowledge Rollup Solution ‘Miden’

May 7, 2024

Polygon, a prominent Ethereum layer-2 developer, has introduced the alpha version testnet of its latest zero-knowledge (ZK)-rollup solution named Miden. In a post on May 6, Polygon announced that the Polygon Miden…

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Digital Chamber Criticizes SEC Over Wells Notice Issue to Robinhood Crypto

May 7, 2024

Crypto trade association Digital Chamber has slammed the US Securities and Exchange Commission (SEC) for issuing a Wells Notice to Robinhood Crypto, calling it an “alarming development.” The Digital Chamber…

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Public Mining Companies Experience Production Decline of 6-12% in April Post-Halving

May 7, 2024

Public mining companies have reported decreases in Bitcoin production ranging from 6% to 12% for the month of April following the halving event. Major Bitcoin miners, including Bitfarms, Cipher, CleanSpark, Core Scientific,…

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India’s Central Bank Working To Boost Retail CBDC Volume Through Offline Capability

May 7, 2024

The Reserve Bank of India (RBI) is working to expand the use of its Central Bank Digital Currency (CBDC) by actively developing an offline transfer capability. At the BIS Innovation…

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SEC Delays Decision on Invesco Galaxy Spot Ethereum ETF

May 7, 2024

The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the Invesco Galaxy spot Ethereum exchange-traded fund (ETF). In an announcement, the SEC said the next…

Investing

US Spot Bitcoin ETFs See $217M Net Inflows as GBTC Posts Second Consecutive Day

May 7, 2024

US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th, according to data from SoSoValue. This surge comes after a period of massive outflows, with Grayscale’s…

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Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details

May 7, 2024

The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto…

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