5 stories that suggest crypto is moving into ludicrous territory
Dogecoin, Lindsay Lohan, Ivan On Tech and the New Zealand government, What do they all have in common? The Bitcoin bull run may have slowed since the price retreated from $42,000 last week, but the pace of absurd crypto stories appears to have sped up.Just like we saw in 2017, when a bull run gets going, life in the crypto gets increasingly weird. Maybe that's because retail is finally here, with social media interest in Bitcoin hitting an all-time high last week.The result is a hilarious combination of noobs trying to understand crypto amid crazy memes, influences doling out terrible....
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Despite ludicrous claims that bitcoin has decreased in value, those on a sat standard have been accumulating wealth at a discount.
Crypto capital is moving to Puerto Rico as tax regulations are much more favorable than in the U.S. proper. The United States territory of Puerto Rico is seeing a resurgence of interest among crypto investors attracted by the fact it doesn’t charge federal income tax and eligible investors can pay zero taxes on their crypto gains.Under local law Act 22, those who live in Puerto Rico for at least half of the year are exempt from taxes on interest, dividends and capital gains — meaning they can keep most or all of the profits from crypto or other investments without having to renounce U.S.....
The crypto market pushes upwards as Bitcoin, Ethereum, and other larger cryptocurrencies are turning critical resistance points into support. ETH’s price currently leads the market recovery as it records a 40% profit in the past seven days trading at $1,500. Related Reading | Solana Adds 70% More Shine – Can SOL Keep The Light Coming? On the other hand, BTC’s price is more conservative but has begun recording important gains. At the time of writing, BTC trades at $22,800 with a 14% profit over the same period and is on track to securing further gains. As a result of the bullish....
Bitcoin has recently recovered above $40,000 to much fanfare from investors. This has been a long time coming given how low the digital asset had gotten following the market crash. It is a significant point to cross in the road to another bull rally. One thing though, is that the cryptocurrency still has a long way before it is back in bull territory, which market analyst Justin Bennett puts at the $45,000-$46,000 level. As the market tries to work its way towards this bull trend, there are also signals that suggest that a bull rally is not the only likelihood in the near future of the....
Throughout the past few months, here has been a lot of talk about Bitcoin and quantum computing. Coinfac, a company, based in Hong Kong – allegedly owned by Palantir Technologies – wants to use quantum computing for Bitcoin mining. Palantir Technologies Not Involved in Coinfac. That seems to be the big question right now, although a Palantir spokesperson mentioned there is no connection between the company and Coinfac. Hong Kong-based Coinfac claimed they will use quantum computing in the Bitcoin mining sphere very soon, although those claims seem to be ludicrous at best. Stories like....