Browsing Tag

bitcoin

IGTF will exempt cryptocurrency operations

Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large Financial Transactions (IGTF). This measure also applies to…

Coinbase surpasses Q4 2022 revenue expectations

Coinbase, one of the world's largest cryptocurrency platforms, beat fourth-quarter 2022 revenue expectations, despite falling transaction volume. The company reported revenue of $1.86 billion, beating the estimates of analysts, who had…

Featured

El Salvador will create a Bitcoin Embassy in the US

The government of El Salvador announced that it is going to create a Bitcoin Embassy in the United States. The objective of this embassy is to encourage the use and adoption of cryptocurrencies, and help the Salvadoran economy through…

Featured

European Union asks banks to limit their exposure to Bitcoin

The European Union (EU) sent out a recommendation for banks to limit their exposure to Bitcoin and other cryptocurrencies. This measure is part of the EU's efforts to address the risks associated with cryptocurrencies and protect…

Featured

Coin Cloud ATM company files for bankruptcy

The company Coin Cloud, operator of cryptocurrency ATMs, announced that it is filing for bankruptcy, according to Chapter 11 of the United States Bankruptcy Law. Coin Cloud currently operates some 4,000 bitcoin ATMs in this country and in…

Featured

Robert Kiyosaki claims that Bitcoin will reach $500,000 in 2025

Famed writer and motivational speaker Robert Kiyosaki once again expressed his optimism for Bitcoin by predicting that the leading cryptocurrency will reach $500,000 by the year 2025. In a recent interview, Kiyosaki pointed out that the…

Featured

IMF and El Salvador assess the region’s economy

The Government of El Salvador received a visit from the Executive Board of the International Monetary Fund (IMF) to evaluate the economy of the region. The meeting is held as part of the traditional visit that the IMF maintains with member…

Featured

London ranks as the city best prepared for crypto adoption

The capital of England, London, is emerging among the cities best prepared for strengthening and launching cryptographic companies, according to recently analyzed data. The aspects analyzed to reach this conclusion include “eight key…

Cryptocurrencies

Crypto ban in China poses a risk

Huang Yiping, a former member of the People's Bank of China's Monetary Policy Committee, said the current ban on cryptocurrency trading in China could result in long-term missed opportunities for the formal financial system, including…

Cryptocurrencies

South Korea to launch Virtual Currency Tracking System

This year South Korea will implement the Virtual Currency Monitoring System, according to an announcement by the Ministry of Justice of the Asian country, which will have as its main objective to reduce crimes related to the crypto market,…

Featured

Tesla posts loss on Bitcoin trades

Electric vehicle maker Tesla posted a gross impairment loss of $204 million on its Bitcoin holdings in 2022, according to a report filed with the US Securities and Exchange Commission (SEC). Despite recording a profit of 64 million from…

Featured

Bitcoin miners begin to show significant increases

The bitcoin mining community experienced a 50% increase in revenue in the first month of 2023 through mining rewards and transaction fees. The drop in bitcoin mining revenue in December 2022, coupled with a rise in energy prices, had put…

Older Posts

Newer Posts