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Bitcoin News

The Illiquidity of Bitcoin Is Approaching a New All-Time High

Jeet Adhvaryu Apr 4, 2022 0
For the past year, 63% of the entire Bitcoin supply has remained illiquid, falling only 0.3 percent short of the new all-time high. Along with the growth in long-held supply, there is evidence of "weak hands" dumping their holdings more…
Crypto News

Oklahoma joins a growing number of states in the United States considering tax incentives for…

Jeet Adhvaryu Apr 4, 2022 0
Oklahoma lawmakers recently approved legislation that, if passed, would extend a tax benefit to bitcoin and cryptocurrency miners who establish operations in the state.The Commercial Digital Asset Mining Act of 2022, introduced by…
Crypto News

The Founder of SkyBridge Capital Declares That the Next Generation of Presidential Candidates Will…

Jeet Adhvaryu Apr 3, 2022 0
Former White House Director of Communications Anthony Scaramucci, founder and managing partner of global alternative investment company SkyBridge Capital ("SkyBridge"), predicts that both presidential contenders in the United States in…
Crypto News

Colombian Tax Authority Warns Against Not Declaring Crypto-Related Taxes

Jeet Adhvaryu Apr 3, 2022 0
The Colombian tax office, DIAN, has reminded taxpayers that beginning this year, they must begin reporting cryptocurrency in their statements. Lisandro Junco, director of the DIAN, warned cryptocurrency users that this kind of asset is…
Adoption News

According to the IMF, the Russia-Ukraine War Will Boost Crypto Asset Adoption  ‏‎

Jeet Adhvaryu Apr 3, 2022 0
According to reports, a managing director at the International Monetary Fund (IMF) believes that the growing usage of cryptocurrencies might be one of the consequences of Russia's conflict with Ukraine.According to a recent Financial…
Adoption News

Galaxy Digital to Purchase BitGo Later in 2022

Jeet Adhvaryu Apr 2, 2022 0
Galaxy Digital's purchase of BitGo was delayed and will not occur until October 2022.Galaxy Digital Holdings, the cryptocurrency-focused financial services business run by Michael Novogratz, said that it would buy digital asset…
Crypto News

Indonesia has confirmed that it would begin taxing crypto transactions next month

Jeet Adhvaryu Apr 2, 2022 0
Indonesia proposes to impose a value-added tax (VAT) on cryptocurrency transactions and an income tax on capital gains from such investments as a consequence of the recent surge in crypto trading.According to Reuters, Indonesia intends…
Blockchain News

Washington state approves legislation aimed at increasing local usage of blockchain technology

Jeet Adhvaryu Apr 2, 2022 0
The governor of the northwest Pacific state has finally signed into law a bill creating a working group to examine the prospects for business and trade to profit from the blockchain.Governor Jay Inslee of Washington signed a bill into…
Crypto News

South Korean banks seek regulatory approval for crypto

Jeet Adhvaryu Apr 1, 2022 0
According to a leaked draught report, the Korea Federation of Banks (KFB) may seek approval from South Korea's future presidential administration to allow local banks to service cryptocurrency.According to KFB, the main organisation…
Altcoin News

The Fantom Foundation Announces a $335 Million Incentive Program for FTM

Jeet Adhvaryu Apr 1, 2022 0
Projects that use the Fantom ecosystem may now apply for financing through the Gitcoin Grants Incentive Program.The Fantom Foundation launched a new 335 million FTM reward program this morning in a blog post in partnership with Gitcoin…
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