Revolut has launched Revolut X, a new cryptocurrency exchange platform for professional traders. The exchange will initially only be available to UK users. Revolut’s new cryptocurrency trading platform, Revolut X, is now live, the fintech company announced on Tuesday. Revolut Revolut X has been released to UK users. Aimed at professional traders, Revolut X is designed to be the most accessible cryptocurrency exchange for UK users, with no instant on/off ramps and no fees. Leonid Bashlykov, head of cryptocurrency exchange products at Revolut, said: “We know that easy switching on and off, as well as competitive fees, are at the…
Author: Crypto Flexs
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The Australian Tax Office is reportedly seeking personal data and transaction details from up to 1.2 million cryptocurrency exchange users in a bid to crack down on cryptocurrency tax obligations.The Australian Taxation Office (ATO) said the data will help identify traders who have failed to pay taxes on cryptocurrency transactions, according to a notice seen by Reuters last month.ATO collects personal data including your date of birth, social media accounts, and phone number, as well as transaction-related details such as wallet address, coin transaction type, and bank account information.For Australian regulators, cryptocurrencies are taxable assets, unlike other foreign currencies. This…
When Johnny Depp refused to reprise his role as the sexiest pirate on the seas, we’re told Disney was looking for The Rock to replace him. Look, I’m no BuzzFeed sensationalist, but The Rock playing Johnny Depp seems just as obvious as Danny Davito playing Ken. Although I rate Dwayne. He’s a solid dude. Anyway, the topic of pirates and people who play pirates has been decided by Skulls in Pirate Multi Coins slot. I think that will solve the problem. If it’s not Depp, someone’s dead. It works for me. Would it be helpful to now play for a…
Bundesbank President and European Central Bank (ECB) member Joachim Nagel emphasizes the importance of central banks embracing technological innovations and implementing central bank digital currencies (CBDCs) to remain relevant in the future. This reflects the fact that the financial environment is rapidly changing. Nagel emphasizes that central banks must adapt their business models and respond to the changing payments environment to maintain a competitive advantage. This is necessary for them to continue to survive. Central banks must continue to explore new ways to remain relevant. This is because the use of real currency is gradually…
Bitcoin fluctuated between $63,000 and $64,000 during the morning hours in Asia and Europe on Tuesday. Consolidates recovery from last week’s crash below $57,000. Despite the pullback from Monday’s high of around $65,500, BTC appears to have settled into a range comfortably above the $60,000 level. At the time of writing, the price is $64,114, not much different from the price 24 hours ago, but nonetheless up about 10% since early May, following a more than 16% decline in April. The broader digital asset market is down 1.33% since yesterday, according to the CoinDesk 20 Index (CD20).
A poll released by blockchain venture firm Digital Current Group found that more than 20% of voters in several battleground states see cryptocurrency as a key issue in the upcoming US election. According to DCG’s poll, half of 1,201 registered voters surveyed in Michigan, Ohio, Montana, Pennsylvania, Nevada, and Arizona said they were paying attention to a candidate’s cryptocurrency stance. The Harris Poll, conducted on behalf of DCG, was conducted April 4-16. According to a statement released by DCG on Tuesday, an online survey found that voters in swing states consider cryptocurrency an important issue. “This data shows that cryptocurrencies…
Polygon, an Ethereum-focused layer 2 upgrade service, has made available the Miden Alpha Testnet with its zk platform targeting builders. This gives users the option to generate evidence for state transitions. Miden helps builders increase their output applications by improving their privacy factors. Polygon is reaching out to builders to gain exposure for certain key features, such as private and public notes. Additionally, private and public accounts can join hands to implement simplified smart contracts such as issuing new tokens, exchanging assets, and creating faucets. Polygon has several services that make it the best layer 2. The Polygon technology stack…
The cryptocurrency community has long debated whether Ethereum (ETH) could one day surpass Bitcoin (BTC) in market capitalization. This scenario is often referred to as “flippening.” But Markus Thielen, head of research at 10x Research, remains skeptical. According to Thielen, Ethereum’s weak fundamentals and recent performance trends strongly suggest that Bitcoin will maintain its dominance. How Ethereum Has Left Behind Bitcoin, often referred to as digital gold, has solidified its role as a hedge against inflation and a key asset in “sovereign” portfolios around the world. This identity was further strengthened in 2017 when Bitcoin developers decided to maintain a…
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s application for a spot Ethereum exchange-traded fund (ETF). The SEC extended the review period by 60 days and a new deadline is set for July 5. This delay is consistent with similar delays affecting all eight potential Ether ETF issuers, including VanEck, BlackRock, Fidelity, and Franklin Templeton. Delayed decisions and extended review periods The SEC’s decision on Invesco Galaxy’s application for a spot Ether ETF has been delayed, giving the committee more time to review the proposal. The 60-day extension of…
Solana’s DEX volume and increased network fees mean a growing user base. The deployment of Firedancer is expected to improve Solana’s network performance. Solana improves with upcoming airdrops and ongoing meme coin activity. After nearly collapsing due to the FTX bankruptcy in late 2022, Solana has made a remarkable recovery. The token rose 580.44% from $21 to $154.25 last year, sometimes ranking third among crypto assets. This is currently being noticed by leading analysts, who predict that it could rise further. According to a recent analysis by Franklin Templeton, Solana is positioned to surpass Binance Coin (BNB) and USDT, permanently…