The stock Market has seen remarkable gains in 2024, with major indexes like the Dow, S&P 500, and Nasdaq reaching record highs, thanks to factors like artificial intelligence and political optimism. However, cryptocurrencies have outperformed these traditional markets, with Bitcoin soaring 118% year-to-date. MicroStrategy, a company that heavily invests in Bitcoin, has gained an astonishing ...
Hyperscale Data, Inc. has announced that it has mined a total of 640 Bitcoin in 2024, with around 380 of those mined at its Michigan facility. The remaining 260 Bitcoin came from previously hosted machines at Core Scientific, Inc. CEO William B. Horne expressed satisfaction with their Bitcoin mining operations as the company transitions toward ...
Russian President Vladimir Putin has approved a new law that officially recognizes digital currencies as property in foreign trade. This law introduces tax exemption for cryptocurrency mining and related sales from value-added tax (VAT). However, operators of mining facilities must report their clients to tax authorities to avoid fines. Mining profits will be taxed as ...
Russian President Vladimir Putin has recently signed a law that officially recognizes digital currencies as property for foreign trade settlements. This new legislation includes significant updates to the tax framework for cryptocurrency activities. Specifically, crypto mining and sales will be exempt from value-added tax (VAT), but operators must inform tax authorities about their clients or ...
President Vladimir Putin has signed a new law aimed at regulating cryptocurrency mining and transactions in Russia. This law acknowledges digital currencies as property and amends the country’s Tax Code. While cryptocurrency mining and sales will not incur value-added tax, operators must report their activities or face fines. Cryptocurrency trading will attract a 13% income ...
BiyaPay, a leading FinTech platform, has announced a significant reduction in cross-border payment fees, benefiting international users. This move highlights BiyaPay’s dedication to creating cost-effective global payment solutions as the financial landscape evolves with advancements in FinTech and cryptocurrencies. By leveraging innovative technologies, BiyaPay is transforming the cryptocurrency cross-border payment sector, enabling seamless and low-cost ...
The UK government plans to introduce a new framework for cryptocurrency regulation in early 2025, which will cover stablecoins and clarify the legal status of staking services. The Treasury has decided that stablecoins will not fall under UK payment regulations, focusing instead on promoting innovation and overseeing risks through the Financial Conduct Authority. This regulation ...
The UK is set to introduce a comprehensive cryptocurrency regulation framework by early 2025, targeting stablecoins and clarifying the legal status of staking services. The Treasury has confirmed that stablecoins will not fall under UK payments regulation, aiming to foster innovation while ensuring safety through oversight by the Financial Conduct Authority (FCA). This framework also ...
As cryptocurrency continues to rise, its impact on traditional payment methods, like credit and debit cards, is becoming a hot topic. With Bitcoin reaching record highs and businesses like Trump Media & Technology showing interest in crypto payments, more consumers are eager to use digital currencies for their purchases. The holiday season is also sparking ...
As cryptocurrency gains traction, the question arises: could it eventually replace credit and debit cards? While Bitcoin recently hit a record high, widespread adoption remains uncertain. However, businesses like Trump Media & Technology are exploring crypto payment options, reflecting a growing interest among consumers during the holiday season. Instant crypto payments can simplify transactions, particularly ...
