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Wealthfront gives green light to investment in cryptocurrencies Reuters 7 hrs ago By Anna Irrera © Reuters/BRENDAN MCDERMID FILE PHOTO: Dan Carroll, Founder and Chief Strategy Officer of Wealthfront, speaks during an interview in New York By Anna Irrera (Reuters) - Wealthfront will start allowing clients to invest in cryptocurrencies later this year, the U.S. digital wealth manager said on Wednesday, in the latest sign of growing acceptance of digital assets by mainstream finance. Starting this week, users will also be able to build their own portfolio from a range of ...

4 Min Read LONDON (Reuters) - Lloyds Banking Group smashed quarterly profit forecasts and freed up some cash set aside to cover bad loans, ending CEO António Horta-Osório’s decade in charge on a high as Britain’s pandemic-hit economy shows signs of recovery. FILE PHOTO: A woman walks past a branch of Lloyds bank in London, Britain, July 20, 2018. REUTERS/Toby Melville Britain’s biggest domestic lender said on Wednesday it made 1.9 billion pounds ($2.64 billion) of pretax profit in the first three months of the year, comfortably ahead of analysts’ forecasts and the 74 million pounds ...

Bitcoin tumbles below $50,000, other cryptos sink over Biden tax plans By Stanley White, Anna Irrera and Gertrude Chavez-Dreyfuss Reuters TOKYO/LONDON/NEW YORK (Reuters) - Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investments in digital assets. News reports on Thursday said the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million. Bitcoin, the big...

PayPal's Venmo launches crypto buying and selling Anna Irrera , By Anna Irrera LONDON (Reuters) - Venmo, the peer-to-peer payment service owned by PayPal Holdings Inc, said on Tuesday it has started allowing users to buy, hold and sell cryptocurrencies on its app, a step that could inspire more mainstream adoption of the asset class. Venmo users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1 and publish transactions on the app's feed, the company said. With more than 70 million customers, Venmo is one of the most popu...

DogeDay hashtags help meme-based cryptocurrency Dogecoin hit new high Reuters 1 hr ago By Anna Irrera and Tom Wilson LONDON, April 20 (Reuters) - Dogecoin prices hit an all-time on Tuesday, with a market capitalisation above $50 billion, after social media fans used hashtags to fuel a rally in the meme-based cryptocurrency. An 8,000% price surge this year has seen Dogecoin, which was launched as a satirical critique of 2013's cryptocurrency frenzy, overtake more widely-used cryptocurrencies like Tether to become the fifth-largest coin. While Dogecoin, whose logo features a Shiba Inu dog at ...