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Cryptocurrency News

Location American Cryptocurrency News for 8 February 2022
Tesla Holding Bitcoin Worth $2 Billion -- Sees Crypto as Both Investment and Liquid Alternative to Cash Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The com...
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Russia Plans Up To USD 13.3B In Crypto Taxes

Crypto News - 8 Feb 2022 17:13
Russia Plans Up To USD 13.3B In Crypto Taxes Amid ongoing talks on new crypto regulation, the Russian government reportedly estimates that, if the country introduces regulations for the crypto market and imposes a tax on transactions that involve cryptoassets, it c...
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Zimbabwe's Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency (CBDC). Th...
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What's Behind the KPMG Bitcoin & Ethereum Hype?

Crypto News - 8 Feb 2022 13:40
What's Behind the KPMG Bitcoin & Ethereum Hype? The cryptoverse is hyped about the news that full-service Audit, Tax, and Advisory firm KPMG in Canada added the top two cryptoassets to its treasury. However, while the news is important for the space, it might help to ...
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Stablecoin Whale Domination -- Tether Addresses Valued at $1M Own More Than 80% of USDT Supply As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more ...
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Is It Early or Too Late to Invest in Bitcoin: Wells Fargo Has 3 Tips for New Crypto Investors US-headquartered banking giant Wells Fargo has three tips for new cryptoasset investors, with a recent report released by the bank's Investment Institute answering the question that many ask themselves: is it too early o...
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Bitcoin bulls aim to solidify control over BTC price by flipping $44K to support Bulls seek to flip $44,000 to support and analysts forecast further upside for BTC, calling the asset "the Amazon of our time."
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US Seizes 94,636 Bitcoin From 2016 Bitfinex Hack in 'Largest Crypto Seizure to Date' -- 2 People Arrested The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.�...
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Florida Home to be Auctioned Off as an NFT

Crypto News - 8 Feb 2022 21:00
Florida Home to be Auctioned Off as an NFT A Florida, USA home is being auctioned off as a non-fungible token (NFT) for the first time in the history of real estate. Real estate startup Propy will host the auction and will accept payment in the form of digital as...
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Metaverse Regulation, Alchemy Raises USD 200M, Stablecoin Hack + More News Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. __________...
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Research Firm Predicts Bitcoin Will Hit $200K in Second Half of 2022, ETH to Reach $12K This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell...
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US Arrests Two Suspects in Bitfinex Bitcoin Hack, Seizes USD 3.6B in BTC; LEO Skyrockets Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder bitcoin (BTC) that was stolen during the 2016 hack of Bitfinex, presently valued at approximately USD 4.5bn, the US Department ...
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Bybit partners with Cabital to offer EUR and GBP fiat onramps Cabital's fiat-to-crypto on and off ramp service reportedly allows Bybit customers to purchase cryptocurrencies at reduced gas costs.
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Freedom Convoy Continues, Trudeau Begs Protestors to Stop, Fundraiser Raises $542K in Bitcoin During the last week, a large number of truckers are still occupying the streets of Ottawa protesting the vaccine mandates. On Monday, Canadian Prime Minister Justin Trudeau begged protestors to stop the demonstration an...
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Bitcoin begins correction after $45K rejection -- Where can BTC price bounce next? Bitcoin is not home and dry when it comes to recent gains, multiple pundits warn amid the week's first major correction.
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate After Monday's Surge Crypto markets marginally consolidated on Tuesday, following yesterday’s price surge which saw bitcoin and ethereum both rally to multi-week highs. BTC climbed to $45,000, with ETH moving to $3,200. Bitcoin Bitcoin pri...
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Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it ...
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No precedent: IRS court settlement doesn't clarify crypto staking taxes There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.
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Cappasity to Present 3D NFT for E-Commerce in March 2022 PRESS RELEASE. Cappasity’s platform will allow retailers to create immersive NFTs easily and quickly. The proprietary utility token CAPP will be used in the provision of NFT services. Cappasity lets companies create an...
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XRP Rallies as New Court Orders Offers Hope that Ripple Case May Soon End XRP, the coin affiliated with the US-based fintech firm Ripple, extended a week-long rally in the market today that started after a judge in an ongoing court battle between Ripple and the US Securities and Exchange Commi...
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New Taxes Await for Kazakhstan's Beleaguered Bitcoin and Crypto Miners The government of Kazakhstan has unveiled a package of measures aimed at further taxing the nation's Bitcoin (BTC) and crypto mining sector. The measures will involve tax hikes on electricity, a crackdown on unregistered...
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US national figure skating body adopts Bitcoin donations After announcing plans to go crypto in September last year, U.S. Figure Skating now officially accepts Bitcoin for donations.
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