Tag: Business
Exploring Bitcoin Mining in Swiss Canton with Surplus Energy
The Swiss canton of Bern recently passed legislation to explore Bitcoin mining as a potential solution to address surplus electricity production in the region. Samuel Kullmann, a member of the canton's parliament, led the...
Hong Kong Proposes Crypto Tax Exemptions to Compete with Singapore as Financial Hub
Hong Kong is looking to become a major financial and crypto hub by proposing tax exemptions for hedge funds, private equity funds, and high-net-worth family offices. This move is aimed at attracting global asset...
US Influence on Bitcoin Grows Under Trump Administration
The influence of the United States on Bitcoin has been steadily growing under the Trump administration. As the world's largest economy and a major player in the global financial system, the US has a...
Russia Implements New Taxation Framework for Cryptocurrency and Mining
Russia has taken a significant step in regulating cryptocurrency and mining by implementing a new taxation framework. The Federation Council approved amendments to the Tax Code, providing legal clarity and incentives to boost the...
Ethereum Co-Founder Transfers $72 Million in ETH to Kraken Exchange
Ethereum co-founder, Jeffrey Wilcke, recently transferred a significant amount of ETH to the Kraken exchange. The transfer amounted to 20,000 ETH, which is worth over $72 million. This is the fourth time Wilcke has...
CFTC Leading Digital Asset Regulation in Trump Administration
The Trump administration is looking to shift digital asset regulation from the SEC to the CFTC, as reported by Fox Business. This move would give the CFTC oversight of spot markets for digital commodities...
Metaplanet’s $62M Bitcoin Expansion Strategy: Following in MicroStrategy’s Footsteps
Metaplanet, a Tokyo-listed investment firm, is planning to raise 9.5 billion yen, which is around $62 million, to strengthen its Bitcoin portfolio. The company revealed that the funds will be raised through its 12th...
Tether Shifts Focus to Hadron Amid European Regulatory Challenges
Tether, a well-known stablecoin issuer, has decided to stop supporting its Euro-pegged stablecoin, EURt, due to regulatory challenges in Europe. The CEO of Tether, Paolo Ardoino, mentioned that the regulatory hurdles with MiCA have...
Bitcoin Price Plunge: Short-term Investors Suffer Losses Below $93k
Bitcoin investors were hit hard recently as the price of the cryptocurrency plunged below $93,000. Short-term investors who were hoping for quick profits found themselves facing significant losses as the market took a downturn.The...
Bitcoin Price Prediction Post-Election: $140K Break or Reversal?
Bitcoin has been on a wild ride since the recent U.S. presidential elections, surging past previous highs to reach $73,000 in March. The big question now is whether this upward trend will continue or...
