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Foreign Bitcoin Investors to Be Tax-Exempt in El Salvador
Foreign Bitcoin Investors to Be Tax-Exempt in El Salvador
News  •  Politics  •  Sep 12, 2021 by Jeannie Bennett

El Salvador made history on Tuesday, September 7th as the first country to make Bitcoin legal tender. 72 hours later, a government advisor for the Central American country revealed it will exempt foreign investors from paying taxes on Bitcoin profits, both on capital gains and income in bitcoin. With this

Starbucks, McDonald's, Pizza Hut: El Salvador Merchants Now Accept Bitcoin
Starbucks, McDonald's, Pizza Hut: El Salvador Merchants Now Accept Bitcoin
News  •  Politics  •  Sep 06, 2021 by Jeannie Bennett

As El Salvador became the first country to accept bitcoin as a legal currency, many merchants in the country of 6.5 million began accepting bitcoin. From McDonald's to Pizza Hut, Salvadorans can now make their purchases with bitcoin. Since September 7th, dubbed "Bitcoin Day" by

New Documentary Tackles Bitcoin Energy FUD
New Documentary Tackles Bitcoin Energy FUD

A new Bitcoin movie has hit the screens. This Machine Greens, a documentary by award-winning filmmaker Jamie King (“Steal This Film”), premiered this week on YouTube. The crowd-funded documentary, produced by Enrique Posner, explores the relationship of Bitcoin to energy and examines critics’ claims that bitcoin mining is “dirty.” The

News  •  Politics  •  Sep 14, 2021
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New Documentary Tackles Bitcoin Energy FUD
New Documentary Tackles Bitcoin Energy FUD

A new Bitcoin movie has hit the screens. This Machine Greens, a documentary by award-winning filmmaker Jamie King (“Steal This Film”), premiered this week on YouTube. The crowd-funded documentary, produced by Enrique Posner, explores the relationship of Bitcoin to energy and examines critics’ claims that bitcoin mining is “dirty.” The

News  •  Politics  •  Sep 14, 2021
Foreign Bitcoin Investors to Be Tax-Exempt in El Salvador
Foreign Bitcoin Investors to Be Tax-Exempt in El Salvador

El Salvador made history on Tuesday, September 7th as the first country to make Bitcoin legal tender. 72 hours later, a government advisor for the Central American country revealed it will exempt foreign investors from paying taxes on Bitcoin profits, both on capital gains and income in bitcoin. With this

News  •  Politics  •  Sep 12, 2021
Starbucks, McDonald's, Pizza Hut: El Salvador Merchants Now Accept Bitcoin
Starbucks, McDonald's, Pizza Hut: El Salvador Merchants Now Accept Bitcoin

As El Salvador became the first country to accept bitcoin as a legal currency, many merchants in the country of 6.5 million began accepting bitcoin. From McDonald's to Pizza Hut, Salvadorans can now make their purchases with bitcoin. Since September 7th, dubbed "Bitcoin Day" by

News  •  Politics  •  Sep 06, 2021
Belarusian President Urges Country to Mine Cryptocurrencies
Belarusian President Urges Country to Mine Cryptocurrencies

Belarusian president Alexander Lukashenko has called on the country's workers to mine cryptocurrencies rather than "pick strawberries" on farms abroad. Speaking at the opening of the Petrikovsky mining and processing plant on August 27th, Lukashenko advocated for the more efficient use of energy, of which he

News  •  Politics  •  Aug 31, 2021
Bitcoin Hash Rate Recovers As Miners Leave China Behind
Bitcoin Hash Rate Recovers As Miners Leave China Behind

Bitcoin's hash rate is on a steady upward trajectory as miners switch their machines back on — outside of China. Since its June low around the 84 exahashes per second (EH/s) mark, the hash rate has grown around 50%. China’s crackdown on bitcoin mining has contributed to

News  •  Bitcoin  •  Aug 23, 2021
Argentina's President Is Open to Bitcoin — the Central Bank Isn't
Argentina's President Is Open to Bitcoin — the Central Bank Isn't

Argentina's president Alberto Fernandez is open to the idea of the South American country issuing a central bank digital currency (CBDC) or adopting Bitcoin. In an interview with local media outlet Filo News, Fernandez showed himself open towards Bitcoin, although he admitted he wasn't too familiar

News  •  Politics  •  Aug 12, 2021
Bank of Russia Governor Calls Bitcoin a "Technological Financial Pyramid"
Bank of Russia Governor Calls Bitcoin a "Technological Financial Pyramid"

First Deputy Governor of the Bank of Russia Sergey Shvetsov likened buying bitcoin to "entering a minefield" in an interview released on the Central Bank's official website Wednesday. Shvetsov went on to describe alternative financial instruments such as Bitcoin as "technological financial pyramids," adding

News  •  Bitcoin  •  Aug 11, 2021
White House Supports Warner-Portman Infrastructure Bill Amendment
White House Supports Warner-Portman Infrastructure Bill Amendment

The White House has come out in support of an amendment to the infrastructure bill drafted by U.S. senators Mark R. Warner and Rob Portman — much to the despair of many in the digital asset space. Initial hopes for the $1 trillion bill, which is over 2,000 pages

News  •  Politics  •  Aug 05, 2021
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