Transcribed
ASIC Scam Alerts, Schumer's Pro-Crypto Stance, Harris' Tax Proposal, and Morgan Stanley's Bitcoin bet
Aug 15, 2024 ·
4m 50s
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ASIC Scam Alerts, Schumer's Pro-Crypto Stance, Harris' Tax Proposal, and Morgan Stanley's Bitcoin bet
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Description
The Crypto Currently Podcast provides daily updates about the cryptocurrency world. In today's edition, we discuss the Australian Securities and Investments Commission's findings that over half of Facebook adverts for...
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The Crypto Currently Podcast provides daily updates about the cryptocurrency world. In today's edition, we discuss the Australian Securities and Investments Commission's findings that over half of Facebook adverts for cryptocurrency are scams, urging investors to be careful. We also cover Senate Majority Leader Chuck Schumer's optimism about passing a U.S. crypto bill before the year ends, showing a proactive stance on the subject. Kamala Harris' proposal to increase the cryptocurrency tax rate to 28% is also discussed as it aims to regulate the growing market. Financial institution Morgan Stanley's investment in BlackRock's Bitcoin ETF reveals an increasing interest in digital currencies in the traditional financial sector. Despite Bitcoin's recent downtrend, HODLers are still actively accumulating, indicating the stability of the market. Bitfinex analysts predict that the interest rate cuts by central banks can lead to a bullish trend for Bitcoin. Stay tuned for more crypto news and updates with the Crypto Currently Podcast.
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| Organization | Sophos Media Productions LLC |
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