MicroStrategy announces debt buyback amid potential tax on BTC gains

The Nasdaq-listed firm MicroStrategy (MSTR) is continuing to purchase hundreds of millions of dollars worth of Bitcoin (BTC), resulting in its company stock price to gain over 9% on Sep 16. MSTR stock recovers to pre-Covid levels after buying Bitcoin MicroStrategy first announced the firm is purchasing Bitcoin on Aug. 11, after which its stock price surged…

XRP contributes to the development of CBDCs and stablecoins, says key exec. XRP, the world’s third largest cryptocurrencies by market capitalization, is not competing with national digital currencies like the forthcoming digital yuan, according to a senior executive at Ripple.Emi Yoshikawa, senior director of global operations at Ripple, claimed that XRP does not compete either…

NFL Star Odell Beckham Jr's (OBJ) decision to take his $750,000 salary in Bitcoin appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is estimated by some to have made 61% less than if he’d taken…

Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.

While inflation has an effect on the price of Bitcoin, researchers were bewildered by bitcoins resilience to other macroeconomic factors. 1372 Total views 26 Total shares Own this piece of history Collect this article as an NFTThe collapse of FTX and related developments did more to pull up or push down the price of Bitcoin…

The Central Bank of Russia is intending to use a local, FSB-approved blockchain for its upcoming e-mortgage project. 1161 Total views 32 Total shares The Central Bank of Russia is reportedly developing a digital mortgage platform powered by a domestically developed blockchain called Masterchain, local state-owned news agency Ria reported on May 28.According to Olga…

Even with Bitcoin, Ether and altcoins in a bear market, venture funding for the blockchain industry continues to grow. 279 Total views 8 Total shares Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy amid the bear market. Multicoin’s Venture…

Nonprofit organization The Zcash Foundation has partnered with blockchain company Parity Technologies to release a new, open source software client for the cryptocurrency Zcash, according to a press release on June 17.The new software client, Zebra, purportedly exists to provide redundancy in the case of its first client — Zcashd — failing. Zcash hopes this…

The U.S. Food and Drug Administration has announced it will study blockchain technology to aid in smarter food security. 1066 Total views 14 Total shares The United States Food and Drug Administration (FDA) released a blueprint and pilot study for food safety, highlighting blockchain as a viable option for some of the identified challenges. The blueprint,…