Rising US debt could deliver solid gains for Bitcoin in Q4, data hints

Rising US debt could deliver solid gains for Bitcoin in Q4, data hints

Bloomberg Intelligence chief commodity strategist Mike McGlone has shared his thoughts on Bitcoin (BTC) for the fourth quarter of 2021. On Monday, 11 October, through his Twitter account, McGlone said that the world’s flagship cryptocurrency’s price would increase substantially in the final quarter of 2021, having previously predicted a price of $100,000 earlier this year. Indeed, the commodity strategist…

Will South Korea delay bill dealing with tax on crypto gains

Will South Korea delay bill dealing with tax on crypto gains

In recent times, regulators in South Korea have taken significant steps to make sure the crypto space is well regulated. From cracking down on “unlicensed” exchange platforms to implementing tax on crypto gains, the country was constantly making headlines. South Korea’s crypto tax regime that will see the imposition of a 20% tax on cryptocurrency gains above 2.5 million Korean won…

Billionaire Investor Who Spotted Amazon Early Says Bitcoin Is Comparable To His Big Bet

Billionaire Investor Who Spotted Amazon Early Says Bitcoin Is Comparable To His Big Bet

Bill Miller, the legendary Australian investor, said that he bought Amazon shares at $17 over 20 years ago. He also bought bitcoin at an average price of $500. He also said that the most altcoins would not survive long-term.  Miller, who has been investing for over 40 years, was interviewed in “A meeting of great minds”,…

Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela

Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela

Travelers will be able to purchase airline tickets in Venezuela using cryptocurrencies in the near future. According to statements made by Freddy Borges, Director of the Maiquetía International Airport, the institution would be working to include cryptocurrencies such as dash, bitcoin, and the national petro as supported currencies in the airport’s payment system. Airport to…

Surpassing S&P500, Apple, Google, Gold and Silver: Bitcoin is Up 90% Year to Date

Surpassing S&P500, Apple, Google, Gold and Silver: Bitcoin is Up 90% Year to Date

Bitcoin’s ROI has outperformed gold, silver, and Wall Street’s indexes S&P 500, Nasdaq, Apple, Facebook, Tesla, and others since the beginning of the year. Bitcoin stands at $55,000 today, as of writing these lines. This means it’s about 90% up since the beginning of 2021. While that’s impressive on its own, what’s even more notable…

Regulators are coming for crypto: Is digital identity the answer?

Regulators are coming for crypto: Is digital identity the answer?

It’s time to give control over personal data in megadatabases managed by a handful of corporations and governments back to the people. The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy….

Bitcoin Platform Bakkt Partners With This Tech Giant To Expand Crypto Payment Options

Bitcoin Platform Bakkt Partners With This Tech Giant To Expand Crypto Payment Options

Digital asset marketplace Bakkt is teaming up with a tech giant in hopes of making cryptocurrencies more accessible to its users. In a new press release, Bakkt announced a partnership with Google on Friday that enables the platform’s customers to add Bakkt Visa debit cards into Google Pay. According to the statement, the debit card…

Ukrainian president seeks revision of cryptocurrency bill

Ukrainian president seeks revision of cryptocurrency bill

Ukrainian President Volodymyr Zelenskyy returned a cryptocurrency bill to Parliament for revision on Tuesday, demanding the National Securities and Stock Market Commission of Ukraine be designated the country’s main crypto regulator. Fast facts The crypto bill had passed the second parliamentary hearing on September 8. Had Zelenskyy signed the bill, it would have made the country the fifth to recognize…

Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry. Kapruka to Launch Cryptocurrency Payments Within Weeks Kapruka (Kapruka.com), a major e-commerce platform in…

Here’s How Bitcoin Might Benefit From Low Numbers in U.S. Jobs Report

Here’s How Bitcoin Might Benefit From Low Numbers in U.S. Jobs Report

While the U.S. shows questionable jobs statistics, the cryptocurrency market is on the rise. While most countries recover from the “covid crisis,” the U.S. was showing significant growth and recovery since the beginning of the year. But according to the latest jobs report, the country is not keeping up with the stated recovery rates and is adding fewer…