It’s been a tumultuous couple of days in the cryptocurrency market following the latest declines. According to a reputable analyst, however, the short-term downside might not be over, though other …
MoreTag: Bitcoin news
Cardano, Dogecoin, Ethereum Classic Will Benefit From This Happening To Bitcoin
DOGE’s altseason might have come to an end a few days ago on the back of Elon Musk’s lukewarm SNL appearance, but other alts such as Ethereum, Cardano, and Ethereum …
More
Square is not planning new Bitcoin purchases, saying carbon footprint needs to be addressed
Amrita Ahuja, the chief investment officer of payment company Square, recently told Financial News that there were no plans to buy more Bitcoin: We don’t have any plans at this point to …
More
MicroStrategy Not Fazed by Musk’s $300 Billion Crypto Market Crash – Continues To Spend Millions On BTC
Bitcoin’s status as a viable asset hasn’t withered even as the market takes a hit from Elon Musk suspending Bitcoin payment for Tesla cars. In fact, it seems that shrewd entities …
More
Why Bitcoin (BTC) is the solution to the ‘Powell problem’
Legendary investor Stanley Druckenmiller gave an interview to CNBC’s Squawk Box strengthening the theory of Bitcoin as a store of value. Druckenmiller talked about the possibility of the U.S. dollar losing its …
More
Palantir accepts bitcoins for payments and is considering adding BTC to balance
Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their …
More
EU Country To Reduce Cryptocurrency Tax By 50% To Attract “Billions” To Its Budget
Hungary’s economy minister Mihály Varga announced Tuesday that the tax on cryptocurrency earnings would be slashed to 15 percent in 2022, which is roughly half of the current rate of 30.5 percent. The move is expected to attract billions of Hungarian forints to the …
More
Hungary to plan Bitcoin (BTC) tax cut as part of economic recovery program
Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the Covid-19 pandemic. In …
More
Bitcoin (BTC) mining consumes 8x more electricity than Google & Facebook combined
The rise of bitcoin in popularity and value continues to cast the spotlight on the asset over its potential. However, there is always a lingering question on how much electricity the cryptocurrency …
More
Ray Dalio’s Bridgewater CFO to leave to work on Bitcoin (BTC) full-time
John Dalby, now-former chief financial officer at investment company Bridgewater Associates, has been appointed as the CFO of Bitcoin (BTC) financial services firm New York Digital Investment Group (NYDIG). “Working …
More