Tax guidelines for crypto mining pass the first reading in Kazakhstan

Tax guidelines for crypto mining pass the first reading in Kazakhstan

The gradual scale would impose the highest taxes on the cheapest electricity sources. Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators.  On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis, passed in…

JPMorgan Says Bitcoin Is Undervalued By 28%, Says Cryptocurrencies Are Now A ‘Preferred Alternative Asset’

JPMorgan Says Bitcoin Is Undervalued By 28%, Says Cryptocurrencies Are Now A ‘Preferred Alternative Asset’

Despite the crypto slump, banking giant JPMorgan says bitcoin is massively undervalued. Maintaining its estimate of bitcoin’s fair value at $38,000, the bank today reiterated the assessment it gave the asset in February when the cryptocurrency was trading around $43,400. This price is approximately 28% higher than its current level of $29,757. In a note to clients…

Thailand Exempts Crypto Transfers From VAT Until End of 2023

Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and…

JPMorgan says Bitcoin and crypto is now its preferred ‘alternative asset class’

JPMorgan says Bitcoin and crypto is now its preferred ‘alternative asset class’

After a steep decline in cryptocurrency prices, JPMorgan (NYSE: JPM) has said that the fair price of Bitcoin is 28% higher than its present level, implying that there is a “considerable upside from here” for the flagship digital asset.  In a note published on Wednesday, May 25, the bank said that cryptocurrencies had surpassed real estate as one of its…

Mastercard’s Top Exec Believes Crypto and Blockchain Likely to Be Adopted in Near Future

Mastercard’s Top Exec Believes Crypto and Blockchain Likely to Be Adopted in Near Future

Harold Bosse from global payments giant believes crypto and DLT will be adopted rather “sooner than later” According to a recent article by Techcrunch, Mastercard’s VP in charge of developing new products and innovation overall believes that the world will adopt cryptocurrencies and blockchain technology massively “sooner rather than later.” Crypto and blockchain mass adoption could be close…

Miami Mayor addresses WEF, says he still takes salary in Bitcoin

Miami Mayor addresses WEF, says he still takes salary in Bitcoin

As the 2022 World Economic Forum (WEF) in Davos unfolds, it is being taken over by cryptocurrency firms pushing for rapid adoption of digital assets, as well as prominent cryptocurrency personalities publicly expressing their standpoints and experiences involved with the novel asset class – including Miami Mayor Francis Suarez. Specifically, Suarez highlighted at a WEF panel that…

BITCOIN IS A NEW WORLD COUNTRY

BITCOIN IS A NEW WORLD COUNTRY

Bitcoin’s enforceable signature verification creates new possibilities for seamlessly and privately expressing ownership of bitcoin to another counterparty. Sam Abbassi is Founder and CEO of Hoseki, the proof-of-assets Bitcoin service. DE SOTO DREAMS OF ELECTRIC MONEY Countries in the Global South are not poor because of culture, collective IQ, a lack of entrepreneurial spirit or…

STRIPE TO ENABLE MILLIONS OF MERCHANTS TO CONVERT PAYMENTS INTO BITCOIN VIA OPENNODE

STRIPE TO ENABLE MILLIONS OF MERCHANTS TO CONVERT PAYMENTS INTO BITCOIN VIA OPENNODE

Stripe, a global payment processor, is working with OpenNode to enable businesses to convert fiat payments into bitcoin. Stripe, one of the largest payment processors in the world, just announced businesses will be able to convert any amount of payments into bitcoin. The functionality is available via a new app from Bitcoin Lightning Network infrastructure…