No green light yet for crypto project “Diem”

Despite enormous power, the crypto project has not been given the go-ahead by the regulators in Washington. However, the changes made so far since the original draft in 2019 are welcomed. Originally called Libra, the project was designed as a global blockchain payment system centred on the cryptocurrency of the well-known social media giant. With

2021-09-13T10:00:11+00:00September 13th, 2021|economic, market news|

Green electricity trading through blockchain?

China’s Development and Reform Commission announced its intention to use blockchain technology to create a more efficient energy network. A pilot project will be carried out to find out whether new ways of using electricity and new forms of energy can be exploited in this way. China said it would become climate neutral by 2060,

2021-09-09T10:45:28+00:00September 9th, 2021|economic, market news|

Twitter tests the “Tip Jar” feature with Bitcoin

The latest beta update of the social media giant Twitter suggests that the option to tip Bitcoin is being tested. Back in July, CEO Jack Dorsey hinted that Bitcoin should be integrated into various products of the social network. The so-called “Tip Jar” was introduced in May and has different payment methods. According to Dorsey, Bitcoin

2021-09-07T13:19:35+00:00September 7th, 2021|economic, market news|

El Salvador Launches a 150 Million Dollar Bitcoin Trust

A $150 million Bitcoin trust is intended to facilitate the exchange of Bitcoin into US dollars, while promoting the development of crypto infrastructure and crypto services across the country. The Bandesal Development Bank is responsible for overseeing the operation of the trusts. A further $53. 3 million is earmarked for the implementation of the plan.

2021-09-06T12:33:46+00:00September 6th, 2021|economic, market news|

Pay less taxes due to Bitcoin investments

Bitcoin is finding more and more institutional investors, who see Bitcoin as a long-term investment with low taxes. Since Bitcoin transactions are classified as private disposal transactions, they are subject to the individual income tax rate and, unlike shares, are not subject to 25 percent withholding tax. Furthermore, there is the possibility of a complete

2021-09-03T14:34:44+00:00September 3rd, 2021|economic, market news|

10% of all Americans invest in crypto assets

According to a recent survey, one in ten Americans invests in cryptocurrencies. Moreover, half of the respondents only started investing within the last year. The newcomers are also those who trust Bitcoin in particular to gain in value. Almost half of crypto-investors cite the majority of ways to buy and sell cryptocurrencies easily as the

2021-09-02T09:36:49+00:00September 2nd, 2021|economic, market news|
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