sophia7100265

@sophia7100265

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Pollak said Coinbase has “no concrete plans right now” and is in “an exploratory phase” as the exchange works to understand how to navigate US regulations.

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“Alongside the return of USD, we are committed to cementing our reputation as the best crypto platform for low fees and high rewards,” he added.

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Binance.US is “closer than ever” to restoring USD services and targets achieving this milestone in early 2025, Reed said in a blog post on Dec. 18.

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Binance.US, the United States-based arm of global cryptocurrency exchange Binance, plans to resume US dollar services early next year, according to interim CEO Norman Reed.

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The risk concerns over crypto holders are a new phenomenon that the Skattelister couldn’t anticipate when it was established centuries ago. The breach of an individual’s financial privacy is an ongoing national debate; however, the risks involved for crypto holders are all too apparent. Until they are addressed, crypto holders may want to follow some security tips to protect their crypto.

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To combat the practice, since 2014, Norway has made searches of the tax records non-anonymous, which seems to have successfully leveraged social norms to discourage unintended uses of the data, such as snooping on friends.

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“During the busiest week of the year, these websites were more popular than YouTube [...] This behavior became so pervasive that the Norwegian media dubbed it ‘tax porn,’” noted the study.

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With the available data, users could create leaderboards showing the highest and lowest earners among their Facebook friends or maps showing the incomes of everyone living around a specific location.

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When the list was set online, every Norwegian was one click away from finding everyone else’s income in the country. While the legitimate goals of uncovering corruption or tax evasion remain, it also turned into a website to snoop on friends, relatives and social contacts.

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The study concluded that “the higher transparency increased the gap in happiness between richer and poorer individuals by 29 percent, and it increased the life satisfaction gap by 21 percent.”

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Intended to foster transparency and protect the less fortunate from wealth disparity, a game of income comparisons emerged, which negatively affected the well-being and status of poorer Norwegians, simultaneously boosting the self-esteem of the rich.

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As Cointelegraph reported, other market participants are watching profitability levels of certain hodler cohorts for BTC price cues.

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An illustrative chart showed daily moving averages of the current percentage of supply at a loss, which as of Dec. 12 was still circling 8%.

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“Why? Below 4% means a lot of people are in a profit this is the peak bullrun phase,” the post continued.

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To avoid the volatility and subsequent comedown that characterized much of 2021 and to protect profits, February was arguably the time to begin selling BTC via DCA, reducing exposure.

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Crypto investment firm Paradigm government affairs vice president Alexander Grieve said it was “one last “gift” for crypto on the way out the door, Senate Banking Chair Sherrod Brown is trying to ram through the renomination of anti-crypto SEC commissioner Caroline Crenshaw.”

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“Caroline Crenshaw is anti-crypto. She even embarrassingly opposed Bitcoin ETFs. The SEC has to change,” crypto exchange Coinbase president and chief operating officer Emilie Choi said in a Dec. 7 X post.

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The US Senate Banking Committee will vote on Dec. 11 whether to renominate SEC Commissioner Caroline Crenshaw, a vocal crypto skeptic. Several industry executives have voiced frustration over the possibility of her reelection.

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Bukele’s latest update shows the country has spent nearly $270 million on Bitcoin since its initial adoption of the cryptocurrency. The portfolio shows no Bitcoin has been sold, and unrealized gains now exceed $333 million.

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Salvadoran President Nayib Bukele highlighted the country’s unrealized gains from its Bitcoin investments on social media after the cryptocurrency surpassed $100,000 for the first time.

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