Launch of short-Bitcoin ETF
June 22, 2022
Is someone criticizing Bitcoin and/or claiming that the price will go to zero? As of this week, you can refer them to a new short ETF: a financial instrument that allows traders to speculate on a drop in the price of Bitcoin. Peter Schiff, put your money where your mouth is!
New bill seeks to regulate crypto in the United States
June 7, 2022
A new, far-reaching bill on the regulation of crypto in the United States has been announced. The legislation is going to give clarity to both regulators and crypto companies. This is needed to break all kinds of deadlocks, for example that of the long-awaited Bitcoin ETF.
New York State bans new fossil fuel-based Bitcoin mining
June 6, 2022
New York State has placed a moratorium on mining Bitcoin based on unsustainable energy. This means that for the next two years no unsustainable new mining operations may be started or scaled up. It is a first in the United States.
Portugal rejects tax proposals – Investors are relieved
May 27, 2022
Portugal has become a place that is increasingly attractive to investors worldwide. The reason is simple, Bitcoin and altcoins are regarded as currency, and investors are tax-exempt when taking profits. Only professional entities or businesses are being taxed when they are actively participating in the market. But it seems that some political parties like to extend taxes and formulated two proposals. What has changed the situation in Portugal and why were these proposals rejected?
Chinese miners remain active despite ban
May 17, 2022
Bitcoin miners in China accounted for 21.1% of the total global hashrate of Bitcoin in early 2022. This is according to a report by Cambridge Bitcoin Electricity Consumption Index (CBECI). It is noteworthy given that the country banned mining in the summer of 2021.
Shanghai High Court: Bitcoin is virtual property
May 11, 2022
Although China issued a ban on Bitcoin mining and crypto trading last year, owning it is not prohibited. And according to a recent ruling by the Shanghai High People's Court, Bitcoin has the status of virtual property.
The Fed's upcoming interest rate decision: how will crypto react?
May 4, 2022
Tonight at 8:00 Central European Time, the U.S. Federal Reserve (FED) will announce the new interest rate. Will it indeed go up by 0.5%, as the market expects? If it's going to be more and/or if Chairman Powell uses stern language, equities and crypto might panick. If the decision is not as bad as expected, prices could rally.