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SEC to Require US Companies to Disclose Crypto Holdings
SEC to Require US Companies to Disclose Crypto Holdings
News  •  Bitcoin  •  Apr 01, 2022 by Adan Kohnhorst

According to a new guidance by the Securities and Exchange Commission, US companies that hold cryptocurrencies for their customers must now account for those assets as liabilities, and warn investors about the associated risk. This includes major players such as Coinbase, PayPal, Block (formerly known as Square), and Robinhood. In

Indonesia Sets New Tax Policy for Crypto
Indonesia Sets New Tax Policy for Crypto
News  •  Bitcoin  •  Apr 01, 2022 by Philipe F

Starting on May 1st, Indonesia has plans to charge a value-added tax (VAT) on crypto transactions and capital gains taxes on income. The VAT rate is currently below 11% on most Indonesian goods and services, and capital gains are expected to be 0.1%, which is also the capital gains

Norway Shows the World How Green Bitcoin Mining Is
Norway Shows the World How Green Bitcoin Mining Is

Bitcoin mining in Norway is 100% renewable and is a flourishing industry according to Arcane Research’s report.  Hydropower is Norway's renewable energy source of choice which packs a mighty punch for a small European country as they contribute almost 1% of the global hash rate. By way

News  •  Bitcoin  •  Apr 05, 2022
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Norway Shows the World How Green Bitcoin Mining Is
Norway Shows the World How Green Bitcoin Mining Is

Bitcoin mining in Norway is 100% renewable and is a flourishing industry according to Arcane Research’s report.  Hydropower is Norway's renewable energy source of choice which packs a mighty punch for a small European country as they contribute almost 1% of the global hash rate. By way

News  •  Bitcoin  •  Apr 05, 2022
SEC to Require US Companies to Disclose Crypto Holdings
SEC to Require US Companies to Disclose Crypto Holdings

According to a new guidance by the Securities and Exchange Commission, US companies that hold cryptocurrencies for their customers must now account for those assets as liabilities, and warn investors about the associated risk. This includes major players such as Coinbase, PayPal, Block (formerly known as Square), and Robinhood. In

News  •  Bitcoin  •  Apr 01, 2022
Indonesia Sets New Tax Policy for Crypto
Indonesia Sets New Tax Policy for Crypto

Starting on May 1st, Indonesia has plans to charge a value-added tax (VAT) on crypto transactions and capital gains taxes on income. The VAT rate is currently below 11% on most Indonesian goods and services, and capital gains are expected to be 0.1%, which is also the capital gains

News  •  Bitcoin  •  Apr 01, 2022
Bitcoin Mining Company Core Scientific Blows Past Analyst Predictions
Bitcoin Mining Company Core Scientific Blows Past Analyst Predictions

Core Scientific is the largest publicly-traded bitcoin mining company by hashrate, and just reported financials for 2021 that exceed analysts’ predictions. In the fiscal year ending on December 31st, 2021, Core Scientific’s total revenue increased 803% to $544.5 million. Analyst estimates were at $507.1 million, according to

News  •  Markets  •  Mar 30, 2022
About Japan's List of Acceptable Digital Assets
About Japan's List of Acceptable Digital Assets

The Japanese Virtual Currency Exchange Association (JVCEA), a self-regulatory body for the Japanese crypto sector, is working to release a “green list” of 18 widely accepted cryptocurrencies and digital assets by the end of the month, according to a local Japanese news agency, Nikkei Asia.  Efforts to Simplify Processes and

News  •  Politics  •  Mar 23, 2022
50k Bitcoin Removed from Exchanges
50k Bitcoin Removed from Exchanges

According to the on-chain data pointed out by an analyst in a CryptoQuant post, Bitcoin reserves in exchanges have lost another 50k Bitcoin over the last week and could be a bullish indicator. The “all exchanges reserve” is an on-chain indicator that aggregates the total amount of Bitcoin stored on

News  •  Bitcoin  •  Mar 18, 2022
El Salvador Ready to Launch First Bitcoin Bonds
El Salvador Ready to Launch First Bitcoin Bonds

The country of El Salvador planned to launch Bitcoin backed bonds in just six months after making Bitcoin legal tender. The tentative timing for the launch of the bond was between March 15th and 20th, but according to the financial minister Alejandro Zelaya the launch may be delayed due to

News  •  Bitcoin  •  Mar 15, 2022
Dubai's First Crypto Regulation Laws
Dubai's First Crypto Regulation Laws

In January of 2022, Dubai’s Chamber of Digital Economy organized the city’s first one of a kind summit to attract venture capitalists for financing start-ups. This summit was created to expand and double the amount of digital companies run out of Dubai. Soon after, Dubai is now adopting

News  •  Bitcoin  •  Mar 10, 2022
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