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The Brex Card is designed for well-funded startups, so it's not the easiest card to get approved for. It offers generous points income across a variety of categories, with the most expensive ones designed to accommodate expenses a startup may have. Brex customers who pay monthly with their card can earn benefits at the following rates: reward: 7 points per dollar on rideshares, 4 points per dollar on trips booked through Brex Travel, 3 points per dollar on restaurants, 2 points per dollar on regular software, and 2 points per dollar on all other purchases. Earn 1 point. welcome offer:…

The Internal Revenue Service (IRS) is hiring employees from the cryptocurrency industry to improve its expertise in handling digital assets. According to a Feb. 28 Bloomberg report, the IRS has hired two former crypto executives. One of them, Sulolit “Raj” Mukherjee, previously worked at Binance US, the American arm of the Binance cryptocurrency exchange. His past work experience includes serving as head of tax at crypto company ConsenSys. Another IRS recruit, Seth Wilkes, most recently served as vice president of government affairs and success at TaxBit. Both experts will help lead the agency's crypto compliance and enforcement efforts. However, the…

Liquidations worth hundreds of millions of dollars are hitting the cryptocurrency market as Bitcoin (BTC) hits the $64,000 level for the first time since late 2021. According to new data from market intelligence platform Coinglass, traders have liquidated more than $638 million in the past 24 hours, with the vast majority of it being short positions. The flagship digital asset itself saw a staggering loss of $185.62 worth of derivatives contracts at the time of writing, while other assets such as leading smart contract platform Ethereum (ETH) and dog-themed meme asset Dogecoin (DOGE) saw losses of $77.53 million and $31.62…

Michael Lee, founder of Michael Lee Strategy, joins ‘Varney & Co.’ to discuss action in crypto markets and where he stands on Nvidia stocks. The crypto industry has mounted a legal counteroffensive against U.S. regulators to fight what it sees as a government-wide attempt by the Biden administration to quash the $2 trillion digital asset industry, FOX Business has learned. The pushback, in the form of lawsuits, lobbying Congress and challenging enforcement actions by the Securities and Exchange Commission (SEC) and other federal agencies, is not being coordinated by any one entity, sources familiar with the matter say. Yet as…

Bond yields in most Asian countries have been rising steadily recently. The rise in government-related bonds could act as a hook for many investors to stick with risk-free assets and protect their investments from volatility. However, rising yields could also reduce the risk appetite of market participants in the region and continue to put pressure on the crypto market.Bond yields rise in AsiaAsia's high yields could exceed investment grade in the US and developed markets by 2024 due to overvalued credit risk and low interest rate risk, according to a KraneShares report. The value proposition of Asia-Pacific is currently superior…

Cryptocurrency traders are keeping an eye on Kangamoon (KANG), this year’s wildcard. The entire industry is shaking. Even Monero (XMR) and Aave (AAVE) are shaky. Some analysts claim that this Stage 2 pre-sale star could become the next 100x meme coin in the 2024 bull market. Today we'll look at why. KangaMoon (KANG): Meme coin with a special twist When it comes to meme coins, KangaMoon (KANG) is in a class of its own. Typically, these cryptocurrencies have no utility. Well, it's different, but the difference comes down to social Fi and play-to-earn (P2E) elements. KangaMoon presents his P2E game.…

Disclaimer: This is not a validation of any cryptocurrency or any particular provider, service or product. It should not be taken as advice to enter into a transaction or use the Service. please confirm. terms of service. Quick answer: The Monero blockchain is stored on each node participating in the Monero network. When a user runs a full Monero node, the blockchain is downloaded and stored locally on the user's computer or device. This decentralized storage ensures the network is secure and allows for transaction validation without relying on a central authority. As the size of the blockchain increases as…

Inflation in the euro zone fell to 2.8% in January from 2.9% the previous month, providing evidence for the ECB to cut interest rates. However, the core inflation rate was 3.3%, higher than expected. Here's what to expect from the February data release.Flash inflation figures for the euro area are due to be released at 11am on Friday 1 March, with markets expecting a further decline in the Harmonized Index of Consumer Prices (HICP). Inflation is expected to rise 2.5% from a year ago, down from 2.8% in January, according to FactSet consensus estimates. What does this mean for the…

Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.Bank lending to the euro zone's private sector fell for the first time in five months, indicating the region's economy remains weak as record high interest rates continue to suppress demand.Eurozone private sector lending fell by 12.2 billion euros for the month in January, the European Central Bank said on Tuesday, the first decline since August. Annual growth in private sector lending in the region, excluding securitization, slowed to just 0.4% last month from more than 7% in mid-2022. The eurozone economy…

Financial institutions poured $598 million into crypto investment products last week, marking the fourth consecutive week of inflows, according to digital asset management firm CoinShares. In its latest digital asset fund flow report, CoinShares says year-to-date inflows into crypto investment products are approaching the $6 billion mark. “Weekly inflows into digital asset investment products totaled USD 598 million, the fourth consecutive week of inflows. It accounted for 55% of record inflows.” Source: CoinShares According to CoinShares, Grayscale had the highest inflow from the US at $610 million, despite suffering an outflow of $436 million over the same period. “Brazil and…