Fears Of Bitcoin Sales By US And German Govts Are FUD, Even Bullish: Experts
Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its sales of Bitcoin, reducing its holdings from 50,000 BTC to 45,264 BTC. Concurrently, the US government transferred 4,000 BTC to Coinbase, likely aiming for liquidation, retaining a substantial 213,546 BTC in its reserves. Why....
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The cryptocurrency market has taken another step towards regulated and mass investment in cryptocurrencies with the first-ever application for a Solana ETF in the US by asset manager and Bitcoin ETF issuer VanEck. Following the approval of spot Bitcoin ETFs in January and the anticipated launch of Ethereum ETFs in July, this development marks another milestone in expanding cryptocurrency investment options for retail and institutional investors. The news of VanEck’s Solana ETF filing with the US Securities and Exchange Commission (SEC) caused a surge in the native token SOL, with....
According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more, they will not have to pay taxes on the money they make from the crypto sales. The Federal Finance Ministry of […]
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents challenges.
Puerto Rico May Soon Tax NFT Sales
The Department of Treasury of Puerto Rico has its eyes on NFT sales. The organization released a newly proposed reform to the Sales and Usage Tax law last month that includes the concept of....
International markets are mixed today, as investors and speculators try to find yield in a shifting world economy. Production is slowing and commodities are declining in unison, but the scramble for illusive profits increases. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Sun 9 August. Chine CPI y/y 1.6% (expected: 1.5% previous: 1.4%). Mon 10 August. Japan Bank Lending y/y 2.6% (previous: 2.5%). Tue 11 August. Australia NAB Business Confidence. German ZEW....
Bitcoin-24, the largest bitcoin exchange in Europe, has been offline for the last two weeks after its Polish and German bank accounts were closed. Simon Hausdorf, the owner of the exchange, is currently awaiting legal action from the German prosecutor's office, which has said he is suspected of fraud in connection with bitcoin sales via Bitcoin-24. The exchange's customers began complaining earlier in the month, after the site began refusing withdrawals. "Our Service is momentarily not available," the website stated. On April 12, one customer posted a threat of legal action against....