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What do 45-59 year olds and female crypto investors have in common?

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Move over men, the number of “crypto queens” or rather female crypto investors is on the rise

A new report from Australian cryptocurrency exchange BTC Markets says the crypto market is maturing and no longer driver by speculation.

The report finds that the number of female investors has grown at a faster rate than males.

In fact, the number of female investors surged by 126 per cent in comparison to the number of male investors, which increased by just over 80 per cent 

BTC Markets found most new clients are between 45 to 59 years old and come from Australia’s “mature wealth accumulators”.

Like crypto queens – investors in this age bracket are dominating new crypto opportunities.

BTC Markets CEO Caroline Bowler says the trend is encouraging to see people who are cautious, preparing for retirement investing in crypto.

“They bring a wealth of experience in traditional investment markets and their decision to invest in crypto is not driven by the fear of missing out (FOMO) but on strategic research and information,” Bowler says.

The crypto exchange also revealed that Bitcoin and Ethereum continued to be the most traded tokens on the platform last year.

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This move is set to boost Australia’s crypto gains

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Coinbase is coming down under, in a major boost for the country’s crypto gains

The crypto platform is calling the country “a priority market”.

It will add its local payments platform so Australians can transfer dollars into their Coinbase account.

There will also be advanced trading tools and better pricing.

Users will also receive 24 hour support, where they can ask all about their accounts and concerns.

The exchange is registered with a local regulator to provide its digital currency exchange services.

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Europe cracks down on crypto tax

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In a major development, the European Parliament has voted in favour of a coordinated and fair tax system for crypto-currencies

Around 80 per cent of lawmakers voted to start using blockchain tech to create a more robust way of stopping tax evasion

Only seven voted against the resolution, with 47 absent for the vote.

Europe has had crypto reform high on its agenda.

Lawmakers want crypto-users to be subjected to a fair and transparent taxing system.

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Government-backed crypto could threaten the U.S. economy, report finds

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Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

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