Introduction The surge in popularity of non-fungible tokens (NFTs) has led to the emergence of several marketplaces catering to this growing trend. Magic Eden is the latest platform to enter the fray, launching its own fully audited marketplace for Bitcoin Ordinals. In this article, we will explore Magic Eden’s latest.
The US Internal Revenue Service (IRS) has proposed to collect tax from non-fungible tokens (NFTs) by treating them as collectibles, according to a statement released on March 2. The agency has asked for public opinion on the matter, which will be used to inform future guidance on the tax treatment.
Introduction The U.S. dollar has been hovering near five-week lows as investors anxiously await the Federal Reserve’s policy meeting conclusion. The central bank’s decision on interest rates and its approach to inflation will have a significant impact on the global economy. This article will explore the current situation in greater.
Austria’s foreign minister, Alexander Schallenberg, has stated that Russia will always remain important for Europe, and that to think otherwise would be delusional. His comments come amid rising tensions between Russia and the West, particularly following the country’s recent military buildup on the Ukrainian border. Schallenberg’s statement is notable, given.
Introduction The AUD/USD currency pair is making gains on Wednesday, March 22, as the US dollar continues to weaken. The weakness in the dollar is attributed to expectations of a less hawkish Fed, and easing fears of a banking crisis. This article will discuss the factors contributing to the AUD/USD.
The Bangko Sentral ng Pilipinas (BSP) is expected to raise its policy rate by 25 basis points (bps) in the coming weeks, according to UOB Group Economist Lee Sue Ann. The anticipated move comes as the central bank tries to control rising inflation and a revised timeline for the US.
Introduction The USD/JPY currency pair has been oscillating in a narrow trading band on Wednesday, lacking any firm direction. The pair’s movement has been influenced by a subdued USD price action and positive risk tone, which provides some support. However, traders are currently hesitant and prefer to wait for the.
The Bank of England (BoE) is set to announce its decision on interest rates on Thursday, and economists at Commerzbank have warned that if the central bank decides to pause its rate hike cycle, Sterling may suffer. Commerzbank economists believe that the BoE’s decision will be crucial in determining the.
Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a retail central bank digital currency (CBDC). The bill seeks to prevent the development of a CBDC that could potentially be used as a tool for financial surveillance by the federal government. In.
Introduction The GBP/USD currency pair has reached its highest level since early February thanks to a combination of supporting factors. In this article, we will take a closer look at these factors and what they mean for the forex market. UK CPI Data One of the main drivers behind the.
Economists at Credit Suisse have a positive outlook for the Chinese yuan, despite the challenges facing China’s economy. They predict that the yuan will continue to be supported by growth-friendly policies and recent measures taken by the Chinese government to boost economic growth. According to Credit Suisse, the yuan is.
Shiba Inu (SHIB) is a cryptocurrency that was created in August 2020 as an alternative to Dogecoin. It is named after the popular Japanese dog breed and has quickly gained a following in the crypto community. Like Dogecoin, SHIB started as a meme-inspired currency but has since gained real-world value..