Germany's government and media are bolstering bitcoin popularity
Berlin has long been seen as something of a hub of bitcoin activity, but Germany as a whole has lagged slightly behind the UK in terms of bitcoin popularity... until now. For the first six months of the year, the UK was home to a higher number of downloads of the original bitcoin client (Bitcoin-Qt) than Germany. Since then, Germany has taken the lead, with 19,248 Bitcoin-Qt downloads taking place in the country from 1st July to the time of writing, compared with 16,826 in the UK. Those based in Germany have also been giving CoinDesk more attention over the past few months. In June and....
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With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8....
A team of university students in Germany aims to make the first-ever feature-length documentary about bitcoins funded entirely by bitcoins. "Alongside captivating interviews from celebrities and experts around the bitcoin scene from all around the globe, external experts from the fields of law, politics or science will also talk about bitcoin and what it could mean for society, economy and the World!" Bitcoin Forum member Spekulatius posted on the site late Monday night. "The only thing we need right now are donations!" Spekulatius claims to be a student of "applied media science" at....
Venezuela now faces massive misinformation campaign against bitcoin by the government. Recent article on state-owned media says it all. Venezuela now faces massive misinformation campaign against bitcoin by the government. Recent article on state-owned media says it all. Hola Venezolana de Television, you have got the whole thing wrong about Bitcoin! The Government of Venezuela’s propaganda machine. Venezolana de Television is a public television network administered by the country’s Ministry of Popular Power for Communication and Information. This state-run organization has recently run....
Bitcoin transactions in Germany have been made exempt from capital gains tax after one year. In Germany, assets such as stocks and bonds are subject to a 25% capital gains tax (plus a solidarity surcharge) and a state-dependant church tax. With the new decision, bitcoins having been held for more than a year will not be subject to these charges. According to German news site Die Welt, financial expert Frank Schaeffler stated: "It is good that investment in bitcoins is finally [a] legal certainty. Private profits from the sale of bitcoins are tax-free after one year". Germany has long faced....
Back in August, Germany became the first country in the world to recognize Bitcoin as “private money.” Note this is not the same as legal tender. This, perhaps above all, is seen as legitimizing Bitcoin’s image worldwide, where prevailing narratives before mid-2013 or so focused on Silk Road and money launderers. In Germany itself, Bitcoin spenders and businesspeople are now free to engage in digital commerce without the fear that their activities put them on the wrong side of the law. But this designation has further implications in Germany and Europe. First, the currency’s decentralized....