US policy group proposes Bitcoin tax-free zone for digital economy growth

His Majesty’s Revenue and Customs has issued a warning to crypto, NFT and utility tokenholders about paying their taxes on time or facing the consequences. 718 Total views 4 Total shares His Majesty’s Revenue and Customs (HMRC) has instructed crypto users in the United Kingdom to declare and pay their taxes on digital assets within

Bitcoin (BTC) has hit its lowest price since Feb. 8 and is struggling to maintain $40,000 — but is Elon Musk wholly to blame?Cointelegraph takes a look at other factors working against Bitcoin bulls this week as the market returns to levels that some thought would never appear again.USD bounces off multi-month lowsTesla CEO Elon…

The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%. 673 Total views 30 Total shares The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.The stablecoin landscape is a constantly-shifting dynamic but one trend has become clear…

Traders watch closely as BTC price presses at a long-term trendline resistance that has previously capped previous rallies. 241 Total views 8 Total shares On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline…

Saturday, Sept. 21 — crypto markets continued to trade sideways, with the majority of the top 20 coins by market cap seeing losses at publishing time.Market visualization. Source: Coin360Bitcoin dominance continues to slipAfter briefly dipping below the $10,000 threshold, Bitcoin (BTC) has bounced back to trade at $10,041 at press time. The major cryptocurrency is…

Binance's chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space. 676 Total views 6 Total shares A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts…

This week, a number of banks shed light on their respective crypto-related projects, following the recent expansion of JPMorgan Chase into the field.IBM was the big mover. A joint announcement by IBM and Stellar (XMR) said that as many as six global banks might issue their own stablecoins on IBM’s blockchain-powered payments network, dubbed “Blockchain…

Following Bitcoin’s (BTC) flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip.In a tweet posted on March 13, Snowden — famous for disclosing top-secret documents that revealed the extent of American and British global surveillance operations — wrote:“This is the first time in a while I've felt like buying bitcoin. That drop…