After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — …
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South Korean Government Will Levy Taxes On Bitcoin Capital Gains Starting 2022
According to South Korea’s amended income tax law, cryptocurrency investors will pay 20 percent tax on profits from digital currencies. As cryptocurrencies continue to pick up steam and encompass the …
MoreSquare CFO: 1 Million Cash App Users Purchased BTC for the First Time
Square, Inc.’s chief financial officer Amrita Ahuja said the company’s popular Cash App product recorded a record number of first-time bitcoin buyers in January. Speaking in an interview with CNBC on Wednesday, …
MoreBill Gates on Bitcoin: If you have less money than Elon, beware of it
Over the recent months, Bitcoin has made significant strides towards becoming a mainstream asset, mostly inspired by institutional investors. Tesla’s (NASDAQ: TSLA) $1.5 billion investment in the digital currency largely inspired the new …
MoreJPMorgan to advise clients to expose 1% of their portfolio to Bitcoin
In a recent note to clients, strategists from JPMorgan suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined …
MoreBitcoin price ‘macro top’? Not so fast
Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC …
MoreDubai Fund Sells $ 750 Million Bitcoin To Buy Cardano & Polkadot
Dubai-based crypto fund FD7 Ventures will sell over $750 million worth of Bitcoin in the next month to purchase Cardano and Polkadot instead, it said in a release on Thursday. Both blockchains are high-speed networks that …
MoreBitcoin and Gold Serve Different Roles in a Portfolio
Both bitcoin and gold have a specific role to play in investors’ portfolios and, as such, bitcoin won’t take over gold’s market capitalization, nor will gold make the flagship cryptocurrency …
MoreCrypto investment firm Arca files with SEC to set up a Bitcoin trust
Crypto investment firm Arca is moving ahead with plans to create a bitcoin trust, according to a Thursday filing published by the U.S. Securities and Exchange Commission (SEC). Arca’s trust would join …
MoreBiggest Bitcoin Fund Sinks to a Discount as Traders Flee
The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself. The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline …
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