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Biden’s Crypto Tax Evasion Crackdown Could Also Hit Non-US Traders
3.6.2021
Joe Biden. Source: A screenshot, Instagram/joebiden
The American President Joe Biden appears ready to go to war with tax evaders, particularly those seeking to make use of crypto – and has put forward a plan that could hit crypto traders outside the United States, as well as domestic users.
In...
European Union to Release Digital Wallet for Payments Next Year
3.6.2021
The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with...
Sichuan Energy Meeting Offers Glimmer of Hope for Bitcoin Miners
3.6.2021
Th Xiluodu Dam and Hydroelectric Power Plant. Source: Adobe/contributor_aerial
There appears to be a ray of positivity for Chinese Bitcoin (BTC) miners, after a meeting of energy stakeholders in the province of Sichuan appeared relatively sympathetic to the miners’ cause.
Per a report from...
Daymak to Launch Crypto Mining Vehicle by 2023
3.6.2021
Daymak, a Canada-based electric vehicle company, has announced the Daymak Spiritus, an electric car that will be able to mine cryptocurrencies. According to the specs, it will also feature solar charging to lessen the load on the battery while driving. The company, which has only offered the...
South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body
3.6.2021
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection...
SmartKey and Orange Revolutionize the Blockchain of Things
3.6.2021
As technology moves forward, you use more and more innovations to facilitate your daily activities. The cooperation of the largest Polish telecommunications operator with the innovative BoT (Blockchain of Things) provider improves the standard of your daily life. With the use of technology provided...
Bitcoin and Ethereum Approach Key Breakout Level, BNB Outperforms
3.6.2021
Bitcoin price is stable above the USD 36,500 support zone. BTC is currently (04:40 UTC) trading above USD 37,000, but it is facing hurdles near USD 38,000. A successful close above USD 38,000 could trigger a steady increase in the near term.
Besides, most major altcoins are showing positive signs....
Satoshi Nakamoto to be immortalized in bronze near the Steve Jobs statue in Budapest
3.6.2021
Budapest is set to erect a life-size bronze statue depicting Bitcoin creator Satoshi Nakamoto. The face features a reflective surface that symbolizes the unknown identity of Satoshi
Former congressman Ron Paul: Bitcoin is money and should be taxed the same
3.6.2021
Former congressman Ron Paul believes Bitcoin should be regulated and taxed the same as money
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash
3.6.2021
Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling...
Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC
3.6.2021
Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.” He sees a string of “all positive things” that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market...
South Korean Banks See Crypto Exchange Commission Fees Grow Tenfold
3.6.2021
The group of South Korean commercial banks that recently ruled out working with domestic crypto exchanges may be forced to rue their decisions after figures for the first quarter of the financial year revealed bumper commission earnings for the banks currently working with trading platforms.
Per...
Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold
3.6.2021
Goldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on” inflation hedges whereas gold is a “risk off” asset. Bitcoin Is More Like Copper Than Gold as Inflation Hedge...
Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom'
3.6.2021
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.”
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
Market makers in ‘fear mode’ ahead of Friday’s $575M Bitcoin options expiry
2.6.2021
Bear's misplaced belief that Bitcoin price would drop to $32,000 allowed Friday's BTC options expiry to become unexpectedly balanced
Bonded.Finance (BOND) Token Is Now Listed on Bitcoin.com Exchange
2.6.2021
PRESS RELEASE. Bitcoin.com Exchange is ecstatic to announce the listing of BOND, being available to trade on the 2nd June 2021 at 12:00PM UTC. BOND was created by the Bonded.Finance team, as the driver and receipt of value within their platform. BOND will start trading with BTC and USDT pairs. What...
Pepe the Frog Creator Launches NFTs Featuring the Infamous Internet Meme
2.6.2021
The infamous Internet meme “Pepe the Frog” will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However...
Altcoins and DeFi tokens breakout as Bitcoin price nears a key resistance
2.6.2021
DOGE, KNC and KAVA are just a few of the altcoins that posted double-digit gains as Bitcoin and Ethereum price rallied to key overhead resistance levels