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“# Bitcoin eyes $58K as spot-driven BTC bounce makes rally ‘look sustainable’ ” Bitcoin (BTC) is riding high on the back of a “very low and healthy” indicator, according to one market analyst, which could propel it to a key resistance level at $58,000. In a tweet on April 27, analyst Lex Moskovski noted that…
“#Tesla’s bitcoin gambit gave it $100M boost in first quarter” Tesla’s foray into the cryptocurrency market made it quite a bit of coin, the company announced. The electric carmaker’s first-quarter earnings released late Monday revealed that it sold some of the $1.5 billion worth of bitcoin that it purchased in February, giving the company a $101 million bump…
“# Possible Bitcoin treasury adoption as more companies cite inflation concerns ” No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure represents the highest number of companies to do so in the last…
“# Gemini to launch Bitcoin cashback rewards on Mastercard credit card ” New York cryptocurrency exchange Gemini today announced the pending release of the Gemini Credit Card, which will allow cryptocurrency holders to spend crypto and receive cashback rewards in the form of Bitcoin (BTC), or any other cryptocurrency available on the Gemini platform. The…
“# Iran’s central bank says officially mined crypto can be used to pay for imports ” Iran is continuing to explore the potential use of cryptocurrency as a tool for mitigating the devastating impact of economic sanctions imposed by the United States. According to a report from the English-language Iranian economic news source Financial Tribune,…
“# Indonesian regulators consider tax on cryptocurrency transactions ” Indonesia’s Commodity Futures Trade Regulatory Agency (known as Bappebti) is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country. Currently, 13 cryptocurrency exchanges fall under Bappebti’s regulatory oversight, and the tax would be automatically applied by these platforms should…
“# Crypto tax in South Korea is ‘inevitable’ in 2022, says minister ” Amid the growing opposition against the new cryptocurrency tax regime in South Korea, finance minister Hong Nam-ki confirmed that the government will start taxing capital gains from crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from…
“# Bitcoin price nears $55K as fund manager ‘still sees $100K’ in 2021 ” Bitcoin (BTC) is still on course to hit $100,000 this year and its recent dip is “unchanged price action.” That was the conclusion of one of the industry’s best-known investors as BTC/USD recovered from its trip to near $46,000. Tapiero eyes…
“# ‘I have not sold any of my Bitcoin’: Elon Musk ” Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys. Musk’s comments came in response to accusations from…
“# Altcoins hit new highs after bulls kick Bitcoin price back above $50K ” Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided…