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+19 +1
Cryptoverse: Bitcoin wants to break its bond with stocks
After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq slid to 0.26 last week, its level lowest since early January, where a measure of 1 indicates the two assets are moving in lock step.
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+13 +1
Hong Kong wants to legalize cryptocurrency trading next March
While Hong Kong has complied with China’s cryptocurrency policy, it looks like retail trading will be permitted again in the coming months. This position contrasts with that of China, which is always opposed to cryptocurrencies.
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+29 +1
Google Partners With Coinbase to Accept Crypto Payments for Cloud Services
Google (GOOGL) will start accepting crypto payments for cloud services early next year, according to a press release. Announced Tuesday at Google’s Cloud Next conference, the tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase (COIN).
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+4 +1
A Record Amount of Brazilian Companies Announce Bitcoin Holdings
Brazil's tax authorities released August figures that revealed that over 12,000 companies had cryptocurrency holdings. This is the highest amount of any month.
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+17 +1
Future rate hikes may be good for the crypto markets as major currencies are devalued against the dollar
Investor and founder Vinny Lingham wrote a series of tweets on Sept. 29 outlining a potential short-term future whereby Bitcoin will act as a store of value for those suffering a devaluation of their local currency. The British Pound fell to its lowest level against the dollar recently following the Chancellor’s mini-budget. However, as Lingham highlighted, the price of Bitcoin rose when measured in GBP during the same period.
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+23 +1
What’s Next for Ethereum After the Merge
The blockchain project’s cofounder Vitalik Buterin says its recent big upgrade lays a path for more technical changes, and greater adoption.
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+2 +1
Bitcoin surges 6% to top $20,000, its highest level in more than a week, even as stocks hit 2022 lows
Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to break out of its tight trading range. The world’s largest cryptocurrency was more than 6% higher at $20,193.90 at around 7:14 a.m. ET, according to data from CoinDesk.
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+21 +1
Google Wallet rolls out to users, will live alongside Google Pay in the US
Google will have one payment app internationally but not in the US for some reason.
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+4 +1
Bitcoin 'will be part of everyone's portfolio', says former Blackrock executive
Former Blackrock Executive and investment adviser Edward Dowd has stressed that despite the recent crypto market turmoil, Bitcoin is here to stay and has the qualities to make it into everyone’s portfolio. While appearing on Layah Heilpern’s podcast, Dowd reiterated that once Bitcoin matures, it will likely beat gold due to unique features such as the ability to be transacted digitally.
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+11 +1
Buy now, pay later will soon affect your credit score in the UK
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt. Starting June 1, the Swedish fintech firm will share information on whether Brits paid off an installment loan in time or are falling behind on their payments to TransUnion and Experian, meaning such data will now start to appear on their credit reports. Klarna has around 16 million users in the country.
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+7 +1
Russia turns to China for microchips for in-demand domestic bank cards
Russia is turning to microchip manufactures in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with the domestic payment system said.
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+22 +1
Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants
Visa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert and spend digital currency at 80 million merchant locations worldwide.” He emphasized, “We’ve built a lot of momentum in this space, and we’ll continue to support the crypto ecosystem in several ways.”
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+2 +1
Amazon to stop accepting Visa's UK-issued credit cards over high fees
Amazon.com Inc (AMZN.O) said on Wednesday it would stop accepting Visa Inc (V.N) credit cards issued in the United Kingdom from next year due to the high fees charged by the payment processor for transactions.
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+18 +1
Mastercard says any bank or merchant on its vast network can soon offer crypto services
The crypto economy is about to expand. Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.
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+17 +1
61% of Americans paid no federal income taxes in 2020, Tax Policy Center says
More than 100 million U.S. households, or 61% of all taxpayers, paid no federal income taxes last year, according to a new report. The pandemic and federal stimulus led to a huge spike in the number of Americans who either owed no federal income tax or received tax credits from the government. According to the Urban-Brookings Tax Policy Center, 107 million households owed no income taxes in 2020, up from 76 million — or 44% of all taxpayers — in 2019.
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+4 +1
Mastercard Is Removing the Magnetic Stripe From Credit and Debit Cards
Card swiping is expected to stop by 2024, but the stripe won't disappear until 2033.
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+15 +1
Can financial stress lead to physical pain in later years?
Financial stress can have an immediate impact on well-being, but can it lead to physical pain nearly 30 years later? The answer is yes, according to new research from University of Georgia scientists. The study, published in Stress & Health, reveals that family financial stress in midlife is associated with a depleted sense of control, which is related to increased physical pain in later years.
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Expression+1 +1
30 of the Best Frugal Living Tips
I am all about Frugal Living. I live frugally. I blog about frugality. Frugal, I am thee. I wanted to share some of the best frugal living tips I could put together. I got some
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+1 +1
First Savings Credit Card Review
The First Savings Credit Card is a card designed to help you build your credit score. From home mortgages to personal loans, most of the time, when you ask to borrow money, your credit score
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+4 +1
What is Credit Report, Understand it!
A lot of people stress out about their credit scores. Although the FICO credit score is just one thing that lenders look at, it’s often very important when trying to get a mortgage, a new credit card, or a car loan. What is My Credit Score? If you don’t know what a credit score is, … Continue reading "What is Credit Report, Understand it!"
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