Surge in Crypto Adoption in Saudi Arabia, 3 Million Saudis are Crypto Investors | Curated CoinCodeCap #14 July 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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Surge in Crypto Adoption in Saudi Arabia, 3 Million Saudis are Crypto Investors
Nearly 14% (or 3 Million) of the adult population in Saudi Arabia aged 18 to 60, are either crypto investors or have traded crypto over the last six months, the latest study by the cryptocurrency exchange Kucoin revealed. The study further added that around 17% (Approximately 3.6 Million) of the country’s adults are “crypto-curious and are likely to invest in cryptocurrencies over the coming six months.” Keep Reading »
One More Giant Down: Celsius Network files for Chapter 11 Bankruptcy
Cryptocurrency lender Celsius Network announced on Wednesday that it had filed for Chapter 11 bankruptcy in the US, nearly after a month of freezing withdrawals and suspending all operations. Keep Reading »
Kazakhstan Imposes new tax rules on Crypto Miners
The country’s law “On Taxes and Other Mandatory Payments to the Budget” has been amended, and a supplemental law that improves the application of Kazakhstan’s Tax Code has also been signed by President Tokayev. Differentiated tax rates for crypto mining are expected to be introduced under the revisions. According on the typical cost of electricity required to mine coins throughout a specific tax period, exact fees will be computed. Keep Reading »
CoinCodeCap's Weekly Issue 13
Cryptocurrency exchange CoinFLEX is facing a huge crisis as one of its users, Roger Ver owes them $47 million. However, further investigation reveals that the investor holds the Flex coin of the exchange in collateral. Therefore, the total amount that Roger owes to CoinFLEX is $84 million. Keep Reading »
Market Updates
MIOTA Price Analysis July 2022
MIOTA is a coin of the platform IOTA. Its current price is around $0.27 by the time of writing, with a low of $0.232, and has a market cap of 772 million dollars. Keep Reading »
BTT Price Analysis July 2022
BTT is a token of the platform BitTorrent. Its current price is around $0.0000008847 by the time of writing, with a low of $0.000000705, and has a market cap of 825 million dollars. Keep Reading »
MKR Price Analysis July 2022
MKR is a token of platform Maker. Its current price is around $1002 by the time of writing, with a low of $663, and it has a market cap of 979 million dollars. Keep Reading »
EOS Price Analysis July 2022
EOS is a coin of the platform EOSIO. Its current price is around $1.02 by the time of writing this article, with a low of $0.82, and has a market cap of 1 billion dollars. Keep Reading »
Crypto to Look Out for this Week: BTC, ETH, BSV, ICX, NEO
The price of cryptocurrencies has dropped by 60% in the last few months. This has made it hard to deny that we are in a bear market. The prices for smaller assets such as ZCash also decreased by over 80%, and other significant drops were noted across the board. Keep Reading »
Top 3 Metaverse Crypto to Look Out for in June 2022: ONT, APE, MANA
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
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