Bitfarms Buys Land to Open New Mining Facility in Canada
Bitfarms, a corporate player in the bitcoin mining world, has announced a new acquisition of land and a facility in Canada. The purchased land is located in Sherbrooke, Quebec, and…
Next Cryptocurrency to Explode
The crypto market faces the bears as the bulls try to force their way back into the fray. The nascent industry is down 0.76% wat press time ith $1.73 trillion…
Tax expert says buying crypto is not a taxable event
Purchasing crypto with fiat or any “unrealized appreciation” is not a taxable event according to Thomas Shea, an EY crypto tax executive. While many refer to crypto as the “Wild…
Bitcoin threatens $38K as 3-day chart hints at March 2020 COVID-19 crash repeat
Doomsday outlooks for Bitcoin price action remain in focus as some whales and smaller buyers choose to go big on BTC at current levels. Bitcoin (BTC) further tested $38,000 overnight…
Magic Eden To Announce A Funding Round Worth $27 Million Involving Sequoia And Other Investors: Report
Summary: Magic Eden, a Solana based NFT marketplace is planning to announce a $27 million fund on Monday The funding round may reportedly include investors such as Sequoia Capital and…
Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity
Musk acknowledged that predominantly scarce assets such as physical property and company stocks help investors maintain their purchasing power against high inflations. As rising inflation threatens to eat up further…
Two years since the COVID-19 crash: 5 things to know in Bitcoin this week
It‘s been two years since BTC/USD crashed to $3,600 and it is trading over ten times higher — but clouds, as ever, are looming large. Bitcoin (BTC) starts a new…
Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations
Sudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in…
MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals
Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording…
Artists and Activists Turn to NFT Sales to Support the Ukrainian People
NFTs are showing the brighter side of humanity as real support transcends the boundaries of nations and reaches Ukraine through the metaverse. In light of the ongoing military conflict, people…
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused…
Environmental sustainability key sticking point in EU MiCA bill
The European Union’s MiCA bill has had a line related to environmental sustainability added back in, which could be problematic for Bitcoin miners in the region. The legal standing of…
Austin mayor embraces Web3 tech and crypto payments
The second fastest-growing city in Texas will begin exploring policy capabilities to accept Bitcoin as a payment option and integrate other Web3 applications to improve resident’s lives. Mayor Steve Adler…
NFT Is The Future Of Digital Assets In Sports – PwC Report
The nonfungible (NFT) industry has exploded over the past year, but many experts still believe the NFT industry will rule other digital assets in the future. A new report Price…
Singapore Says Its New Tax Rules Also Apply To NFT Transactions
Singapore Finance Minister Lawrence Wong announced that the country’s income tax rule also extends to income from all forms of non-fungible token (NFT) transactions. It means that those trading in…