IRS data shows that the campaign cost him less than a tax raise would have. The Citadel CEO launched a campaign for voters to vote against a tax increase for him and other rich residents of Illinois. Ken Griffin spent $54 million to fight a tax increase, and it worked. The first document to come out of Biden’s executive order, the framework largely addresses global cooperation in digital asset regulation, as well as mitigating financial risks and illicit finance. Treasury Department announced a proposed framework for digital asset regulation. dollars - hey, no gas fees! - and the NFTs cannot be sold on a secondary market. Hosted on the Polygon blockchain, the market will let Reddit users purchase NFTs to use as profile pictures. Reddit is launching a Collectibles Avatar marketplace. Also, that Celsius is a “Ponzi scheme.” You know, that. The loan marketplace said it was “funding constrained” and cited the impact of rising interest rates.Īlso on Protocol: KeyFi is suing Celsius in another hit for the troubled crypto lender, alleging that it was not paid for its work and that Celsius mismanaged customer funds.
Unaudited results showed revenue of $228 million, 25% below the upper range of its $305 million guidance. Upstart revealed its second-quarter results early, and it’s ugly. dollar, the collateral is made up of other crypto assets. While the stablecoin is collateral-backed and pegged to the U.S. On Protocol: Aave announced Thursday that it’s launching a stablecoin, GHO, despite the general mistrust around stablecoins following the crash of UST. This could change “if inflation gives way to a recession and a ‘crypto winter.’” That may be another indicator of how mainstream crypto consumers diverge from the elite: Some industry leaders have said crypto winter is already here. Despite “market volatility” and “economic turmoil,” crypto owners appear to be holding their tokens and even planning to buy more. Globally, crypto tends to be more widely accepted in lower-income countries, especially those with “some form of foreign exchange or capital controls,” investment banker Joshua Jahani wrote recently, adding that crypto is “a lifeline for the world’s most vulnerable.” But Remitly CEO Matt Oppenheimer told Protocol’s Lindsey Choo that many of the remittance company’s customers aren’t really using crypto, and may never be crypto users, because of the trust element in sending money internationally.Ĭrypto owners “remain relatively confident,” the report said.Only 16% say they use it to send funds or buy things, while 18% say they view crypto both as an investment and a means of transacting.
Most crypto owners, about 66%, use the asset “as a way to make money rather than send it,” the report said.“Far from shunning traditional finance, crypto owners seem to embrace it,” the report said. Most are heavy users of traditional banks and other financial services - consumers we could call superbanked. Only about 12% of crypto owners are unbanked.Despite crypto’s promise to bank the unbanked, most crypto holders actually use a bank or two or more, according to the report. In the U.S., crypto appeals to the banked and the superbanked. The majority of crypto owners, about 60%, are millennials or younger, and about 42% make less than $50,000 a year. It’s also a young population that generally isn’t making a lot of money.Overall, 41% of cryptocurrency owners identify as nonwhite. About a quarter of crypto owners, or 23%, are Hispanic, versus 17% of the general population. Crypto owners are “a more ethnically diverse group,” the report said.A majority, about 72%, are men, while 28% are women. respondents said they or “someone in their household” own crypto, the report said. Crypto ownership surged in the second half of 2021 when consumers “bought the dip.” And 17% of U.S.Crypto holders come from all walks of life and they own it because they see it as an investment, according to a July 2022 report from Morning Consult. But the people who could get hurt are actually far more diverse.Ĭrypto crashed right as it was going mainstream.
The common view of crypto is a realm dominated by young white bros. But the meltdown could also cause harm to consumers who lost their savings when the crypto market went into a tailspin. The crypto crash is rattling a once hard-charging industry and its investors.
0 kommentar(er)
