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.
New York state wants to ban gas-fueled Bitcoin mining
April 28, 2022
The New York State Assembly has passed a bill banning Bitcoin mining by gas-fired power plants for the next two years. The bill is now before the Senate. It was and still is hotly debated.
Big Bitcoin news, times two: adoption in Central African Republic and in Fidelity 401k
April 28, 2022
In the past few days, positive news about Bitcoin adoption arrived on two occasions. For one news fact, you had to be able to read French: the Central African Republic (CAR) is introducing Bitcoin as legal tender. The other news is about asset manager Fidelity, who will be adding Bitcoin as an option in their retirement plans.
Regulation of stablecoins coming: will the banks get it on a silver plate?
January 28, 2022
A political game has been playing out for a while now around which US institutions and companies will have power over the part of the crypto market that is seen as the biggest threat by the US government: stablecoins.