Briefly Crypto
Screening #Crypto & #NFT news in real-time, AI-driven. 🚨 Articles are not endorsements 🚨 Created by @danclarkie in collaboration with @imBagsy twitter.com/BrieflyCrypto
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US Financial Advisories' AUM Poised to Soar to $62tn by 2024 - An 8% Yo-Yo Growth Expected
The US Financial Advisory market is seemingly on a Red Bull, seeing an upward growth trajectory in recent years. All credit goes to changing customer preferences, and apparently, the market trends that probably change more often than a chameleon switches colors. Taking the spotlight is one key trend shifting towards fee-based advisory services. Now more than before, people seem to love their flavored financial guidance on the side.
Let's keep aside the hot dogs and burgers, the US does offer an impressive platter of financial institutions and advisors. They are not just waving from the shore but actively surfing in this market's aggressive waves. Figuring out the market size here is no less than a high-octane battle between Superman and Batman, employing a strategy mix of top-down and bottom-up approaches. For those adrenaline junkies out there, the market performance is reviewed bi-annually - just in case the dynamics decide to switch gears all at once.
With all these exciting moves, the master prediction is the All Under Management (AUM) of US Financial Advisories to race to $62tn by 2024, recording an 8% growth year after year. Hold onto your wallets folks, because this ride is about to get wild.
Sentiment: Positive
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Financial Advisory - US | Statista Market Forecast
The Financial Advisory market in the United States is projected to grow by 7.99% (2024-2028) resulting in a market volume of US$85.14tn in 2028.
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Tokenization: A True Game-Changer for Small Firms Eyeing Financial Markets
As per Packham's insights, tokenization is revolutionizing the way smaller businesses interact with capital markets by opening doors previously firmly shut. Normally, options like initial public offerings (IPOs) or bond issuance are too costly for these minnows in the financial ecosystem. However, Packham envisages a future where the economic topography is as flat as a cryptocurrency coin, all thanks to tokenization.
Unlike the standard modes of entering the capital markets, tokenization enables businesses to directly offer bonds or a variety of financial products to investors, while sidestepping the usual financial middlemen. However, it isn't all smooth sailing in this non-fiat seascape, as the technology behind this digital agenda needs regulatory buy-in.
Packham remains optimistic that over time, the strength of tokenization will win over regulators and remove the red tape. More retailers will then be able to invest, participating in the capital markets in a way they never dreamt possible. Small companies will no longer feel like tiny fish in a big pond, but players with just as much swing as larger counterparts.
Sentiment: Optimistic
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How tokenization levels the playing field for smaller companies
Small firms can gain access to new investment opportunities and broader markets, the CEO of Chintai says.
Bitcoin's Ascension Halfway there, Predicts Analyst: $74,000 in Sight?
Fasten your seatbelts, folks! Bitcoin's leg up is just getting started, at least, that's what Willy Woo thinks. The renowned on-chain analyst is firmly riding the bulls, suggesting that Bitcoin's current rally is at halftime, with the trophy clearly in focus. Showcasing his analytical prowess with a chart, Woo illustrates that the Bitcoin VWAP oscillator has rebounded from the oversold arena and is currently, for those familiar with digital altitude, at sea level. With its safe landing, we've got ourselves a midpoint of the Bitcoin rally.
Now, let's talk about the second quarter of this crypto game. The Bitcoin daily chart reveal suggests a silver lining, expecting that this next round will be a breakthrough moment. The gold coin is anticipated to outperform its March bests and earn applause from the adoring crowd. But, wait, there's more! Another sleuth in the crypto investigation world reaffirms the Bitcoin uptrend is not just dribbling, but shooting full court. So, dear crypto enthusiasts, your digital darling, Bitcoin, seems to be positioning itself for a slam dunk. A potential $74,000 score is the trophy Bitcoin has its eyes set on.
Sentiment: Positive
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Bitcoin Analyst Says The BTC Leg Up Is Halfway: Next Stop $74,000?
Bitcoin is flying at spot rates. According to Willy Woo, the leg up could just be getting started. BTC will likely break $73,800
Farcaster Secures a Whopping $150M in Paradigm-led Investment Round for Social Networking Growth
Farcaster, a champion in the field of decentralized social networks, has successfully hooked a big fish in its funding net, a hefty $150M. The latest funding round was led by the venture capital firm Paradigm, signalling promising things to come for Farcaster. The sizable cash influx will drive the expansion of Farcaster's decentralized social network, unshackled from central authorities, providing an unprecedented level of freedom for users. While the details remain in the shadows, the cryptoverse eagerly anticipates the ripples this news will make in the pond of digital networking. Fun fact doesn't need to say this but don't worry, you're not alone if you're double-checking your piggy banks!
Sentiment: Bullish
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Farcaster raises $150M led by Paradigm to expand decentralized social network
Farcaster secures $150M in a funding roundled by Paradigm, with participation from a16z, USV, Variant, and Standard Crypto.
Brazil's Central Bank Racing to Wrap Up Crypto Regs Before New Year's Eve!
In the world of finance, patience may be a virtue, but it seems like the Central Bank of Brazil is all out of patience when it comes to cryptocurrency regulations! The monetary moguls over at Brazil's central banking institution have set themselves a steep target - to finalize the nation's digital currency regulations within this year. The clock is ticking and the stakes are high, so it's gonna be one Brazilian wax of a hot rush for the folks in charge. The bank’s sprint to regulate crypto seems a bit like the cryptocurrency market itself- fast-moving, unpredictable, and fraught with the potential for stinging paper cuts. But if they pull it off, we might just have another Bitcoin-friendly bailiwick on our hands. Go team Brazil!
Sentiment: Humorous
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Central Bank of Brazil Aims to Finalize Crypto Regulations This Year – Regulation Bitcoin News
The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024.
Crypto Comeback: FTX Promises Payback as Cryptocurrency Bounces Back
Fork over the confetti, because the party might just be getting started again in the world of cryptocurrency! That's right, folks, turns out David Yaffe-Bellany—the tech reporter for the New York Times, had some noteworthy updates about the FTX cryptocurrency exchange. Run by Sam Bankman-Fried, FTX had the digital market going "aww man!" when it collapsed in 2022. However, a plot twist no one saw coming: the exchange's customers were recently informed they'd be getting their money back—throw in some interest as a cherry on top, no less. Mr. Yaffe-Bellany, stationed in San Francisco, is shedding some light on what led to this reversal of fate and what it indicates about the unexpected revival of crypto. May the blockchain be with you!
Sentiment: Positive
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The Daily: The Crypto Comeback on Apple Podcasts
Show The Daily, Ep The Crypto Comeback - May 21, 2024
"Master of Illusion: Craig Wright Accused of Fabricating Bitcoin Evidence"
In a surprising turn of events, Craig Wright, who has often claimed to be the mysterious inventor of Bitcoin, Satoshi Nakamoto, is now under fire as a judge alleges that he manipulated documentation on a massive scale to bolster his Bitcoin claims. Given the scarcity of the provided source content, it seems this Wright may have penned an exciting new chapter in the fascinating tale of Bitcoin's anonymous origins. While there are many claimants to the Bitcoin crown, it appears Wright's narrative may have taken a hit, as accusations of deceit and forgery swarm around him like a cloud of crypto locusts.
Sentiment: Skeptical
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Judge: Craig Wright forged documents on “grand scale” to support bitcoin lie
Wright "lied repeatedly and extensively" in response to forgery allegations.
Navigating the Daunting Maze of Cryptocurrency Taxes in 2024: A Comprehensive Guide
Grip your crypto calculator, as we embark on a wild ride through the cryptic world of cryptocurrency taxes! In 2024, receiving a Form 1099 from your crypto exchange isn't a hint, it's a heads up. They've tipped off Uncle Sam about some of your transactions, and it's your call to detail these on your tax return. Don't wait for the form to knock on your door – all transactions are gatecrashers at this financial party.
But fear not, there's a handy cheat sheet - the up-and-coming starlet, Crypto tax software. With the sleek, ever-evolving tax innovation, not only are you keeping up with the Kardashians but also the latest in tax laws. Its regular updates serve as a first-class ticket to compliance city, while saving you the snooze fest that is tracking legislative changes.
Crypto taxes getting too cryptic? Call in the specialists! A crypto tax consultant, fluent in the confusing lingo of the tax code and cryptocurrency transactions, is your walking, talking crypto dictionary. They don't just help with compliance but also dish out strategic advice to minimize your tax bills. So, whether it's navigating uncharted crypto terrains or structuring transactions, they've got you covered.
Sentiment: Amused
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How to Report Crypto Taxes | Cryptopolitan
In case you didn’t know, crypto investing is also taxable. Read our article and learn how to report taxes on crypto and comply with IRS regulations
Ontario's 'Crypto Czar' Nabbed in Biggest Fraud Probe by Durham Police
Hold on to your hardware wallets, folks! Durham police have just wrapped up their largest-ever fraud investigation and it's led them straight to the 'Crypto King' of Ontario. This monarch of moolah was arrested, leaving his crypto empire a bit unmanned. The details surrounding the charges have not been made public, but one thing's for sure, this digital duke might need a stronger defense than "I forgot my password". This arrest marks a significant leap forward in Durham police's capabilities in dealing with crypto-related crimes and may be a warning sign for any mischief-makers in the blockchain realm. So, crypto-enthusiasts, remember when mining for digital gold, it's important to dig within the law!
Sentiment: Amused
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Ontario's 'Crypto King' solicited funds as recently as February, police allege after arrest | CBC News
Durham Region's police chief said Thursday the arrest of Ontario's self-proclaimed "Crypto King" and one of his associates on fraud charges resulted from the "largest fraud investigation" in the region, located east of Toronto.
Clearing Confusion: This Guy Didn't Cook Up Bitcoin!
In a stark revelation of the day, it turns out that the man everyone has been pointing their fingers at, did not, in fact, invent Bitcoin. Despite the rampant public opinion and legion of conspiracy theorists swearing by this undisclosed, misunderstood 'fact', this gentleman has apparently been barking up the wrong cryptographic tree.
Now, whether this comes as a shocking setback or a sigh of relief to the crypto-community remains to be told. Everyone's been so keen on pegging a maker to the world's foremost digital currency that they didn't pause to question if they were pinning it on the right bloke. Goes to show that not every wild guess can strike a Bitcoin goldmine!
What remains intriguing though is the continued mystery shrouding the true identity of Bitcoin's creator. Guess, we'll have to leave it to time and technology to unravel that one. Until then, it's back to the drawing board for the speculators on this wild goose chase!
Sentiment: Amusingly Baffling
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This Man Did Not Invent Bitcoin
For years, Craig Steven Wright, an Australian cryptocurrency enthusiast, claimed to be Satoshi Nakamoto, the mysterious creator of Bitcoin. Then the courts got involved.