• MicroStrategy is one of the first publicly traded companies in the U.S. to invest in Bitcoin, and currently holds 140,000 BTC in its treasury. • As a result, buying MicroStrategy shares is an indirect way for large U.S. entities to gain exposure to Bitcoin. • Several major financial institutions such as Bank of America…
1K Daily Profit Review – Is it a Scam? Open An Account Introduction Cryptocurrency trading has become increasingly popular over the years with many people looking to invest in the market. 1K Daily Profit is one of the trading software available in the market that claims to help traders make significant profits daily. The software…
• The Supreme Court of Denmark has ruled that Bitcoin profits are now taxable. • This ruling applies to both investors and miners who make a profit from the sale of Bitcoin. • Denmark has one of the highest tax rates in the world, with an average effective rate of 45%. Denmark Ruling: Bitcoin Profits…
• The US Treasury recently conducted a study on the potential impact of introducing central bank digital currency (CBDC). • The results showed that CBDCs could destabilize the banking sector while potentially boosting household welfare. • Additionally, the research suggested that CBDCs could reduce financial system volatility as asset price volatility would decrease after integration.…
• Crypto mixers, such as Tornado Cash, enable anonymous transactions which can be misused by criminals. • Regulators have implemented Anti-Money Laundering (AML) laws and Know Your Customer (KYC) measures to combat money laundering. • Transparency International recently revealed that 8 crypto exchanges in Moscow are willing to assist with money laundering. Crypto Mixers Enable…
• Bitcoin mining has been transitioning towards green energy sources, with 52.6% of the network now using sustainable energy. • Specialized computing units are used to validate transactions on the blockchain, leading to high electricity consumption and emissions. • Total emissions have been trending down recently, despite miners‘ electricity consumption increasing, due to a recent…
• Non-fungible tokens (NFTs) have been popular in the crypto industry for some time now. • Recently, a Bitcoin developer exposed a fraudulent site selling his code as an NFT without his permission. • He made it clear that he had not consented to such use of his property and asked the seller(s) to desist…
• The Securities and Futures Commission (SFC) in Hong Kong proposed a licensing regime for cryptocurrency exchanges set to be put in place from June 2023. • Under the proposal, individual retail investors would be allowed to trade larger crypto assets listed on crypto exchanges licensed by the SFC. • The SFC proposed that only…
• Bitzlato, a cryptocurrency exchange platform, made headlines after its cofounder, Anton Shkurenko, was briefly detained and questioned by local authorities. • He was released after a quick interrogation but sources suggest the arrest is due to an investigation into the company’s business practices and financial dealings. • Following the release of Anton Shkurenko, Bitzlato…
• Indonesian Trade Minister Zulkifli Hasan announced that the launch of Indonesia’s national crypto exchange will now happen in June 2021. • The national platform will act as a clearing house and custodian, facilitating smooth trades and overseeing the activities of private exchanges. • Regulators have already registered five exchanges which will operate under the…