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Banking Giant BNY Mellon Expects Significant Revenue From Its Crypto Services: Report

America’s oldest bank is eager to capitalize on the cryptocurrency revolution but remains concerned that the government still has not provided regulatory clarity. According to a new Bloomberg report, Bank of New York Mellon Corporation (BNY Mellon) chief financial officer Emily Portney says the holding company expects digital assets to act as a significant revenue […]

The post Banking Giant BNY Mellon Expects Significant Revenue From Its Crypto Services: Report appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

NYC Mayor Adams to receive first paycheck in cryptocurrency Friday

Mayor Eric Adams previously said he would be accepting his first three paychecks, or $97,000 annualized, in cryptocurrency.

On Thursday, New York City Mayor Eric Adams announced he would be taking his first paycheck in Bitcoin (BTC) and Ether (ETH), with the funds arriving Friday. The salary will not be directly paid out as crypto; instead, it will be first issued in fiat as U.S. dollars and then converted into the digital currencies on crypCoinbase.

Due to United States Department of Labor and various state-level regulations, resident U.S. employees typically cannot receive their remuneration directly in cryptocurrency. This is partly because the Internal Revenue Service classifies dollar wage payments as income, whereas items such as stock-based compensation or cryptocurrencies are classified as property.

Mayor Adams issued the following statement regarding his choice of remuneration:

“New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations. Being at the forefront of such innovation will help us create jobs, improve our economy, and continue to be a magnet for talent from all over the globe.”

Matt Fraser, NYC's chief technology officer, added:

“This step taken by the mayor provides a leading example of how we can empower people through tech with a more diverse set of options to manage their finances.”

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Crypto Strategist Justin Bennett Updates Outlook on Bitcoin (BTC), Ethereum (ETH), and Two Popular Altcoins

A widely-followed crypto analyst foresees impending bounces for top cryptos Bitcoin (BTC) and Ethereum (ETH) while highlighting support levels for two popular altcoins. In a recent YouTube update, crypto trader Justin Bennett tells his 8,470 subscribers that a substantial Bitcoin bounce could be on the horizon. “I would expect, at some point over the coming […]

The post Crypto Strategist Justin Bennett Updates Outlook on Bitcoin (BTC), Ethereum (ETH), and Two Popular Altcoins appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

The Real Crypto Adoption Is Happening in These Sectors, According to Ava Labs Chief John Wu

A senior executive at the tech firm building the Avalanche smart contract platform is optimistic that the crypto industry will continue to enjoy growth and adoption. Ava Labs president John Wu says in a Fox Business interview that cryptocurrency adoption is growing despite a recent report by payment processor BitPay revealing that the Bitcoin (BTC) […]

The post The Real Crypto Adoption Is Happening in These Sectors, According to Ava Labs Chief John Wu appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist

Bloomberg senior commodity strategist Mike McGlone says that crypto assets will likely see a correction along with an imminent pullback in the stock market. In a new interview with The Wolf of all streets host Scott Melker, McGlone says that cryptocurrencies are risky assets, but he expects Bitcoin (BTC) and Ethereum (ETH) to come out […]

The post Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Crypto Analyst Who Called 2018 Bitcoin Bottom Says a Bullish Reversal Pattern for BTC Is Forming

A popular cryptocurrency analyst is bullish on Bitcoin (BTC) even as the price of the flagship crypto asset remains subdued. The crypto analyst and trader pseudonymously known as Smart Contracter tells his 202,400 Twitter followers that Bitcoin is forming a bullish reversal pattern known as the swing failure pattern. A swing failure pattern occurs when […]

The post Crypto Analyst Who Called 2018 Bitcoin Bottom Says a Bullish Reversal Pattern for BTC Is Forming appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

300 Small US Banks Set To Offer Bitcoin Trading in Second Quarter of 2022: Report

Hundreds of small US banks are set to offer Bitcoin (BTC) trading services during the first half of 2022 as digital assets continue to become popular among clients. According to a report from American Banker, an estimated 300 community banks will start providing BTC trading on their mobile apps starting in the first or second […]

The post 300 Small US Banks Set To Offer Bitcoin Trading in Second Quarter of 2022: Report appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Shark Tank Investor Kevin O’Leary Says Solana (SOL), Polygon (MATIC) and Hedera (HBAR) Have ‘Large’ Potential

Shark Tank star and billionaire investor Kevin O’Leary sees several leading altcoins that he believes have the potential to add problem-solving value as the blockchain world expands and evolves. In an interview with Anthony Pompliano on The Best Business Show, O’Leary says cryptocurrencies should be viewed as functional “software” rather than simply alternate forms of […]

The post Shark Tank Investor Kevin O’Leary Says Solana (SOL), Polygon (MATIC) and Hedera (HBAR) Have ‘Large’ Potential appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Major Spikes Could be Coming for Binance Coin (BNB), Axie Infinity (AXS), Monero (XMR) and Four More Altcoins: Santiment

Crypto intelligence firm Santiment says that significant price spikes could be coming for seven different altcoins based on under-the-radar data. Santiment says that an excessive number of short-sellers are piling into altcoins, raising the probability of an incoming short squeeze. A short squeeze occurs when a large number of traders try to short an asset, […]

The post Major Spikes Could be Coming for Binance Coin (BNB), Axie Infinity (AXS), Monero (XMR) and Four More Altcoins: Santiment appeared first on The Daily Hodl.

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Bitcoin Dominance Increases, ETH’s Market Share Slides, Stablecoin and Smart Contract Coins Rise

Bitcoin Dominance Increases, ETH’s Market Share Slides, Stablecoin and Smart Contract Coins RiseOn Wednesday, the crypto economy of 12,620 coins across 543 exchanges is hovering just above the $2 trillion mark. Ever since the crypto economy’s market slump, bitcoin’s market dominance among all the coins in existence has slowly risen from 37% zone back over the 38% range. Meanwhile, Ethereum’s market dominance has diminished as it has […]

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking