Crypto News in 60 Seconds
May 14, 2022
Germany declares cryptocurrency gains tax-free after one year, even if they are used for staking or lending. The German Ministry of Finance has issued an official letter clarifying that the sale of crypto assets after one year is tax-free, even if the coins are used for staking and lending. The German Ministry of Finance […]
May 13, 2022
Will Bitcoin Price Recover After Its Deepest Drop Since 2020? Bitcoin’s (BTC) price fell to its lowest level since December 2020 on May 12, as a result of the current crypto market massacre. The current negative pattern is very comparable to the previous mid-season bearish trend, which ran from May to June 2021. Bitcoin’s […]
May 12, 2022
Michael Saylor is overjoyed with the FASB’s decision to revisit crypto accounting standards According to current FASB rules, companies must report virtual property and commodities as “intangible property” on their balance accounts. This is because cryptocurrencies no longer come within the traditional definition of “coins and coins equivalents, financial instruments, monetary property, and inventories.” Because […]
May 11, 2022
First Mover Asia: Crypto Market Decline Highlights Unpredictability; Bitcoin Maintains $31,000 First Mover Asia: Crypto Market Decline Highlights Unpredictability; Bitcoin Maintains $31,000. Although bitcoin and ether shook, Terra’s LUNA plummeted in Tuesday trade. The Terra ecosystem’s native token has dropped more than 53% in the last 24 hours as the organization’s UST stablecoin continues to […]
New York digital media company is the latest to include Bitcoin on its balance sheet While the acquisition had no bearing on the billions of dollars in Bitcoin owned by other companies, the corporation claims it might have profited $1.2 million if it had sold its holdings at the conclusion of the first quarter. Townsquare Media, […]
As sentiment falls to 10-month lows, cryptocurrency liquidations reach $1 billion Following the price drop, the crypto market saw significant liquidation. Coming off the weekend, the market has had one of its greatest drops, with bitcoin falling below $30,000 for the first time this year. This has resulted in hundreds of millions of dollars in […]
May 10, 2022
El Salvador Purchases 500 Bitcoins in the midst of the cryptocurrency bloodbath El Salvador has purchased the bitcoin drop. During a crypto market sell-off, Salvadoran President Salvador Allende stated that his nation had acquired 500 additional bitcoins. Since El Salvador made cryptocurrencies legal tender, the Salvadoran government has acquired a total of 2,301 bitcoins. El […]
May 9, 2022
Craig Wright files legal action against Coinbase and Kraken for ‘misrepresenting’ Bitcoin Craig Wright files legal action against Coinbase and Kraken for ‘misrepresenting’ Bitcoin. Craig Wright, a computer scientist, is suing everybody who disputes his claims to be the developer of Bitcoin and the proprietor of the related highbrow property. This time, cryptocurrency exchanges Coinbase […]
Extreme Fear’ Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano, and Avalanche ‘Extreme Fear’ Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano, And Avalanche. Bitcoin BTC -3.1 percent, Ethereum, and different foremost cryptocurrencies have plummeted, wiping out […]
May 8, 2022
Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase. Terra’s determination to stock its coffers with Bitcoin has been reinforced yet again with a $1.5 billion purchase. This is the result of the project’s vow to purchase more than $10 billion in […]
May 4, 2022
Coinbase took out the 1st Bitcoin-supported loan from Goldman America’s biggest crypto exchange Coinbase has been disclosed as the mystery company that took out 1st BTC-backed loan from Goldman Sachs. Goldman Sachs has 2.5 trillion dollar assets under management as of 2021. Loan published by Goldman Sachs had been taken out by Coinbase as a […]
MicroStrategy may examine prospective yield generation opportunities on 95,643 BTC holdings Business intelligence company MicroStrategy said it will contemplate chances for yield generation on 95,643 unencumbered Bitcoin. In MicroStrategy’s announcement for the 1st quarter of 2022, the company said it may conservatively examine future yield generation chances on unencumbered MacroStrategy BTCs as a deliberation following […]
