Miami Shows Laser-Eyed Bitcoin Bull, Crypto Steady And Coinbase Opens In India

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Last Updated on 8 April 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Miami has not missed its entrance onto the grand stage as the crypto capital of the world. At the opening of Miami’s Bitcoin conference, Mayor Francis Suarez unveiled a 3,000-pound robotic-looking bull which was meant to look the same as the famed Charging Bull of Wall Street.

As he showed it to the world, Suarez stated:

New York is the former financial center… I give you the Miami bull!

That is a hopeful statement indeed. At this moment, crypto can’t really compete with classic finance just yet of course.

Advertentie.

Crypto steady and Coinbase app opens in India

Just at the moment that Miami unveiled a Bitcoin bull, cryptocoins themselves steadied after two days of drops after hawkish comments from the Federal Reserve.

Bitcoin is struggling for direction as Wall Street grows cautious over how aggressive the Federal Reserve will be with tightening of monetary policy.

Oanda Senior Market Analyst Americas Edward Moya explained.

Over in India, Brian Armstrong, CEO of crypto platform Coinbase, vowed that his app, which as from now also operates over there, would be successful in the Asian subcontinent.

It comes just as the Indian government levies a 30% tax on crypto profits given that trading digital currencies is so popular with Indian youngsters.

In a blog post, Armstrong said:

We know it’s not going to be a straight shot to bring this technology. We don’t know exactly how it’s going to evolve. But we’re committed to working with bank partners, regulators, most importantly, the Indian people because they’ve shown a real spark of interest in cryptocurrency, and there’s a real desire to get access to some of these services and products.

Coinbase claimed it would hire more than a 1,000 people to operate in India.