Category: Bitcoin

Indonesia’s Commodity Futures Trade Regulatory Agency (known as Bappebti) is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country. Currently, 13 cryptocurrency exchanges fall under Bappebti’s regulatory oversight, and the tax would be automatically applied by these platforms should it be approved, according to a report by the

Amid the growing opposition against the new cryptocurrency tax regime in South Korea, finance minister Hong Nam-ki confirmed that the government will start taxing capital gains from crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” the minister said when asked whether the tax should

Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys. Musk’s comments came in response to accusations from comedian Dave Portnoy that the Tesla CEO had profited from a Bitcoin

Eric Weinstein, managing director of Thiel Capital and host of the popular podcast The Portal, urged his followers over the weekend not to get caught up in Bitcoin’s (BTC) daily fluctuations. He seemed to feel that it was wiser to focus on the cryptocurrency’s ability to hedge against currency debasement at the hands of central banks.

Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the $64,900 all-time high reached on April 14. The popular Crypto Fear & Greed Index

A pseudonymous on-chain analyst and market cyclist is exposing the behavior of old and new whales amid the continued Bitcoin correction. In the new tweetstorm, the analyst known as Dilution-proof highlights a certain group of whales who he believes is responsible for igniting the big Bitcoin sell-off from its all-time high of about $64,000. “The

Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided by bullish assessments from JPMorgan analysts and PayPal’s announcement that demand for purchasing cryptocurrencies

Following major sell-offs in cryptocurrency markets amid reports of United States President Joe Biden’s capital gains tax rise proposal last week, the Biden administration defended nearly doubling tax levies for only the “very, very richest.” A senior Biden administration official claimed that only 0.3% of taxpayers in the U.S. would be affected by higher levies

Widely followed crypto influencer and host of Coin Bureau says that there’s “no turning back” as the crypto sector erodes the entire current financial system. In a new video, the pseudonymous trader who goes by Guy lists some key factors allowing Bitcoin and cryptocurrencies to reshape the existing financial sector. Guy notes that with the

Bitcoin (BTC) creator Satoshi Nakamoto left the cryptocurrency community with a parting message exactly one decade ago today: “I’ve moved on to other things.”  In the years since, Bitcoin has evolved from an obscure and esoteric project to a trillion-dollar financial asset drawing attention from governments, financial institutions, corporations and investors. Despite dozens of plausible