Justin Sun, a cryptocurrency entrepreneur, made headlines when he purchased a piece of conceptual art featuring a banana duct-taped to a wall for $6.2 million. In a press conference at The Peninsula Hong Kong, he peeled off the tape and tasted the banana, proclaiming it better than others. The artwork, titled “Comedian” by Maurizio Cattelan, ...
Justin Sun, a cryptocurrency entrepreneur, made headlines after purchasing Maurizio Cattelan’s controversial art piece, a banana taped to a wall, for $6.2 million. In a unique move, Sun peeled off the duct tape and ate the banana during a press conference at The Peninsula hotel in Hong Kong. He described the banana as tasting “much ...
Jay Zagorsky, a former adviser at the Boston Federal Reserve, emphasizes the advantages of physical cash over digital alternatives. He argues that using cash can significantly benefit society, personal savings, and security. Zagorsky believes that cash encourages people to manage their finances better and helps them to save more, as it is more tangible than ...
Russia’s Federation Council has approved an important cryptocurrency tax bill, marking a significant step in regulating digital assets in the country. Set to come into effect after President Vladimir Putin’s signature, the law introduces a maximum tax rate of 15% on Bitcoin and other digital currencies, aligning them with securities income taxes. Also, mining operations ...
MicroStrategy, once known for its software, has transformed into a major player in the bitcoin Market, raising an astounding $42 billion in equity and debt while holding nearly 2% of all bitcoins. The company’s strategy involves selling shares and convertible bonds to invest in bitcoin, which boosts its stock price and creates a cycle of ...
This year has been remarkable for the stock Market, with major indexes like the Dow, S&P 500, and Nasdaq reaching multiple record highs, mainly driven by excitement around artificial intelligence and stock-split enthusiasm. However, cryptocurrencies, particularly Bitcoin, have significantly outperformed these indexes, boasting a staggering 118% increase in 2024. MicroStrategy, a firm that champions Bitcoin ...
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 ...
