Cryptocurrency
Capital Gains on Your Bitcoin Profits
Italy stunned the crypto world recently by announcing that they will raise the capital gains tax of Bitcoin profits from 26% to 42%. How will an increase in capital gains taxes on Bitcoin affect trading in Italian bitcoin markets? Speculation is that traders will simply move to other “offshore” exchanges where such taxes are not […]
Crypto Bets on the Presidential Election
It is illegal for anyone in the USA to accept bets on the outcome of an election in the USA. Nevertheless, there are extensive bets on the outcome of the 2024 US presidential election. In fact, the Polymarket decentralized crypto market has registered $1 billion in crypto wagers on the outcome of this year’s contest […]
Trump’s Crypto About-face
Is Trump’s crypto about-face a true change of heart of a ploy to get donations to help his presidential campaign?
Trump and the Digital Dollar
Now, with the US election campaigns in full swing, Trump and his opposition to a digital dollar have become a significant issue for crypto.
When Did the FTX Fraud Start?
FTX neglected to tell folks that they were in trouble and engaged in various shenanigans like moving money from one business to another and accounting it as new assets. A more thorough review of the evidence, especially from Bankman-Fried’s trial, shows that fraud appears to have been part of the business plan almost from day one.
Biden Warning to Bitcoin
Since President Biden issued an executive order regarding the future of US money and payment systems half a year ago government agencies have been considering cryptocurrencies and how to regulate them. The end result will be substantial regulation of the world of cryptocurrencies. That is the Biden warning to Bitcoin and the rest of the cryptocurrency world.
Effect of Higher Interest Rates on Crypto Investing
Now the Fed has raised interest rates by 0.50% in May 2022 and promises to raise rates by the same for several months in a row. What will be the effect of higher interest rates on crypto investing?
Crypto Bank or Pawnshop?
Because you need to deposit cryptocurrency with these folks in order to get loans or earn interest, the State of California raised the question with such a company if they want to be a crypto bank or a pawnshop?