Author: Samantha Mitchell

Sam Mitchell is a Freelance Writer & Fitness Instructor from South Africa, living in Australia. She comes to the team with extensive writing and Social Media experience, covering a wide variety of genres from blog posts, book reviews, Whitepapers, blogs and guides to news pieces...and more. Sam has been Freelancing for over 17 years, working with many different clients. You can get in touch with Sam at www.stmwritingsolutions.com

The SEC has announced that Binance is among the 18 investors who want to own a stake in Elon Musk’s $43.4 billion Twitter investment. Elon Musk’s offer was approved by the Twitter board Bret Taylor chairs. The decision is waiting for ratification and final approval by the shareholders. All indicators are positive that the shareholders will accept the onboarding of the world’s richest person on Twitter. Binance Is Set to Have a Stake in Twitter According to the SEC 13 D Schedule, Binance, on the other hand, is offering to invest $500 million in the $43.4 billion deal. Sequoia Capital…

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The Federal Reserve has increased the federal funds rate by 0.5 basis points to a range of 0.75% to 1%. The increase is as per the expectations of monetary policy experts and economists who have been calling for a rate hike to tame the creeping inflation in the US. The Federal Reserve Board, headed by Jerome H. Powell, and deputized by John C. Williams, voted unanimously for the change. According to the official press release, the Federal Reserve is working towards reducing its balance sheet by 1st June 2022. They aim to achieve this by divesting from agency mortgage-backed securities,…

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The US Securities and Exchange Commission (SEC) has almost doubled its human resources for the Cyber Unit Department. The regulator has allocated 20 additional slots to the existing 30 days to bring the total human resources in the unit to 50. The reorganization also entails renaming the Cyber Unit to Crypto Assets and Cyber Units. The new unit will form part of the Division of Enforcement, whose mandate is to enforce policies, standards, and ethical practices in the financial markets. The Commission is Building Trust in The Financial Market According to SEC Chair Gary Gensler, the US has the most…

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The adoption of Central Bank Digital Currencies is poised for a meteoric growth after the Chinese province of Zhejiang unveiled trials for the traditional digital currency. According to a local news outlet, the Zhejiang news, dubbed the e-CNY (acronym of the E-Chinese Yuan), the digital currency is modeled for stamp duty, tax, and social security premiums. Since the beginning of April, the Zhejiang Provincial Taxation Bureau has collected digital currency taxes. Only three cities in the province- Shaoxing, Hangzhou, and Jinhua are participating in the trials. However, the service will be rolled out province-wide once the trials achieve the desired…

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In the first half of 2022, the Samsung Asset Management Company (SAMC) is set to launch a Blockchain exchange-traded fund (ETF). The fund index will be listed in the Hong Kong Stock market and will be the pioneer of its kind in Asia. The news was released to the press by the Samsung Group. It is an indicator that the award-winning electronics manufacturer is strategizing to stay relevant as the world embraces Crypto and Blockchain technology. What this Means for The Crypto and Blockchain Space In the Crypto space, an ETF is an index that tracks the performance of a…

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Finland has pledged to donate the proceeds of its sale of BTC recovered from criminal operatives. This donation will be a double win for the government customs officials since they will send a stern warning to the dark web funded by Crypto and contribute positively to alleviating the plight of war in Ukraine. Announcing on her Twitter page, Finland’s finance minister Annika Saarikko confirmed the action as “legitimate and good.” The 1981 BTC tokens seized were seized from a Twitter account user identified as SuomenTulli. This indicates that the government is on course to win the war against money laundering,…

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Damac Properties, a Dubai-based real estate company, accepts property payments in Cryptocurrencies. In the initial rollout, buyers can pay in Bitcoin (BTC) and Ethereum (ETH). The firm is the largest property developer in Dubai, and the support for Crypto payments is likely to boost the adoption of Cryptocurrencies in the global financial city. The new development is also likely to allure other real estate companies in Dubai to offer Crypto payment options to address the needs of their target clients  Cryptocurrencies Are Revolutionizing the Financial Space In an interview with Khaleej Times, the general manager of operations at Damac, Ali…

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Bahamas Prime Minister, Phillip Davis, has tabled a whitepaper in the national assembly as the country mulls allowing Crypto tax payments. Dubbed “a vision and a framework to guide digital asset policy in The Bahamas,” the bill envisages the Caribbean archipelago as a Crypto haven with the Department of Inland Revenue accepting Bitcoin and the Sand Dollar as tax receipts. The whitepaper comes shortly after the launch of the Sand Dollar, a pioneer Central Bank Digital Currency (CBDC). The new plan is consistent with the mission of Prime Minister Phillip Davis to transform the Bahamas into a global pacesetter in…

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Twitter Inc has announced the approval of Elon Musk’s proposal to acquire Twitter for $43.4 billion. This purchase comes despite reservations from the board in the preceding days. After the deal is signed, the SpaceX and Tesla CEO will own approximately 9% of Twitter shares. This ownership will give him considerable voting rights regarding setting the social media platform’s operating policies. Elon Musk is the world’s richest person, valued at $273.6bn primarily because of the value of his stocks in Tesla. He is motivated by the need to make Twitter an open platform for public discourses as the “digital town…

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Twitter influencers are paid through payment platforms that mostly support non-crypto payments. After Stripe unveiled a solution for influencers to earn in Crypto, this is set to change. This means that Twitter will integrate Stripe into its ecosystem, supporting Crypto payments and facilitating Credit and Debit Card payments, giving influencers and their Twitter audience a one-off solution for all their payment preferences. In the initial rollout, Stripe will only allow payments in USDC, which is pegged against the US Dollar. This payment option is a major boost to the Cryptocurrency market as the move aims to improve Crypto adoption. Digital…

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