Search
Russia Plans Up To USD 13.3B In Crypto Taxes
8.2.2022
Amid ongoing talks on new crypto regulation, the Russian government reportedly estimates that, if the country introduces regulations for the crypto market and imposes a tax on transactions that involve cryptoassets, it could generate as much as RUB 1tn (USD 13.3bn) in revenue for the state...
New Taxes Await for Kazakhstan’s Beleaguered Bitcoin and Crypto Miners
8.2.2022
The government of Kazakhstan has unveiled a package of measures aimed at further taxing the nation’s Bitcoin (BTC) and crypto mining sector. The measures will involve tax hikes on electricity, a crackdown on unregistered miners, a tax on mining hardware, and the introduction of VAT charges...
Brace for Green February, Kraken Tells Bitcoin Hodlers as BTC Tests USD 45K
8.2.2022
Despite January being the historically worst performing month for bitcoin (BTC), the coin’s -19% return for the month this year “did not live up to expectations,” crypto exchange Kraken said. But if history is a guide, February should be better for BTC investors, with average returns of +17%...
Bitcoin and Ethereum Keep Gains Above Key Hurdles, MATIC, SHIB, and XRP Rally
8.2.2022
Bitcoin price remained in a positive zone above the USD 40,000 resistance. BTC cleared the USD 43,500 resistance level and spiked towards USD 44,500. It is currently (04:09 UTC) consolidating gains near USD 44,200.
Similarly, most major altcoins are gaining bullish momentum. ETH was able...
Crypto Exchanges are Top Consumers of Bitcoin Block Space, Binance No 1
7.2.2022
Crypto exchanges are now the largest consumers of Bitcoin (BTC) block space – with transactions related to them taking some 40% of that space, found the on-chain analytics firm Glassnode.
The share of block space used by crypto exchanges shows “a general upward trend,” which further...
Polygon's USD 450M Boost, Inflows in Bitcoin Grow, ETH Still Sees Outflows + More News
7.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Polygon's USD 450M Boost, Inflows in Bitcoin Grow, ETH Still Sees Outflows + More News
Bitcoin Climbs Above USD 43K, Analysts See a Bull Long-term Too
7.2.2022
While bitcoin (BTC), ethereum (ETH), and most of the broader crypto market rose higher in price today, a number of researchers and analysts are arguing that the crypto market may be bottoming out and that it could be in for a bullish ride later in the year, prompted by a number of possible...
Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021
7.2.2022
Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings.
This was disclosed in a filing with the US Securities and Exchange Commission (SEC) for the previous fiscal year...
Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes
7.2.2022
Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar....
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela...
Bitcoin and Ethereum Consolidate Gains, XRP Surges
7.2.2022
Bitcoin price gained pace after it settled above the USD 41,200 level. BTC even cleared the USD 42,500 level but faced sellers near USD 43,000. It is currently (11:54 UTC) consolidating and the bulls might eye a fresh increase above USD 43,000.
Similarly, most major altcoins are consolidating...
State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report
7.2.2022
A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco...
North Korea Still Hacking Crypto Exchanges to Fund Its Weapons Program, Says UN
7.2.2022
Independent sanctions monitors have told the United Nations (UN) that North Korea is continuing to use crypto and raids on international crypto exchanges as a major revenue stream to fund its nuclear and ballistic weapons programs.
The monitors, Reuters reported, submitted their findings to...
Bitcoin Nears USD 43K, Ethereum Still Above USD 3K, DOGE and SHIB Surge
7.2.2022
Bitcoin price started a strong increase and cleared the USD 40,000 resistance. BTC even surpassed the USD 42,000 resistance. It is currently (04:21 UTC) showing positive signs and is trading above USD 42,800 after increasing 3% in a day and 13% in a week.
Similarly, most major altcoins...
Bitcoin Returns Above USD 40K, Ethereum Nears USD 3K
4.2.2022
On Friday, bitcoin (BTC) rallied and returned above the USD 40,000 level for the first time in two weeks, while ethereum (ETH) neared the USD 3,000 level.
At 17:00 UTC, BTC trades at USD 40,426 and is up almost 10% in a day and 9% in a week. ETH jumped 12%, surpassing USD 2,950. It's also...
Manchester United & Tezos, US Job Growth, Marathon Mined 816% More Bitcoin + More News
4.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____...
Read More: Manchester United & Tezos, US Job Growth, Marathon Mined 816% More Bitcoin + More News
SEC’s Gensler Wants Crypto Exchanges, Lending Platforms to ‘Come and Work with’ Regulators
4.2.2022
The US Securities and Exchange Commission (SEC) Chairman Gary Gensler has suggested that crypto exchanges and lending platforms should voluntarily work with the agency under existing securities laws....
Read More: SEC’s Gensler Wants Crypto Exchanges, Lending Platforms to ‘Come and Work with’...
Bitcoin and Ethereum Still Rangebound, ATOM and QNT Rally
4.2.2022
Bitcoin price started a downside correction below the USD 38,000 level. BTC even traded below USD 36,500, but there was no test of USD 36,000. It is currently (04:11 UTC) recovering and trading above USD 37,300.
Similarly, most major altcoins are also moving higher. ETH spiked below USD 2,600...
South Korean Crypto Exchanges See Rise in Complaints, More People Turn to Home Mining
4.2.2022
There was a x7.7 spike in the number of customer complaints lodged against South Korea’s four biggest crypto exchanges last year as citizens in the nation are embracing crypto like never before. Meanwhile, crypto mining is also on the rise.
Yonhap reported that the data on complaints...
USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News
3.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News
Like Bitcoin, 'Fortune Favors the Brave' in New South Park Episode
3.2.2022
Eric Cartman, one of the four central characters of the US animated series South Park, is perhaps best known for his affinity for profanity and expletives, but in the latest episode of the show, he uses his knowledge of crypto advertisement to give his friends a motivational speech....
Read...