Honduras’ Prospera Economic Zone, situated on Roatan Island, has officially recognized Bitcoin as a unit of account. This significant move acknowledges Bitcoin’s role in various commercial, fiscal, and financial transactions. The announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, who provided details on the criteria that legal entities […]
Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a dip on Sunday evening. This was largely due to market anxiety over the potential approval or denial of the United States’ first spot Bitcoin exchange-traded fund (ETF). Bitcoin, Ethereum, and Dogecoin saw decreases of -0.63%, -1.69%, and -3.36% respectively.Senior Bloomberg ETF analyst Eric Balchunas expects most […]
The attractiveness of cryptocurrencies for investment purposes could be affected by changes in tax laws. At the same time, the number of coins that Spot-Bitcoin-ETFs would need to hold to be profitable could make them attractive targets for cybercriminals. Bitcoin and other cryptocurrencies rely on digital keys and internet-based storage and transmission. Major security breaches […]
The United States Securities and Exchange Commission (SEC) has reiterated its cautionary stance on FOMO crypto investing, just days before the expected approval of spot Bitcoin exchange-traded funds. The SEC’s Office of Investor Education posted a warning on X (formerly Twitter) on January 6, highlighting the risks associated with digital assets such as meme stocks, […]
Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account less than two years after adopting it as legal tender. This means Bitcoin can now be used to measure the market value of goods and services in the area. The initiative was led by Jorge Colindres, the acting […]
In a surprising turn of events, the number of kiosks offering the option to purchase cryptocurrencies using cash or debit cards has been on a decline, despite Bitcoin’s record-breaking performance throughout 2023. Data from Coin ATM Radar reveals that the total count of crypto ATMs worldwide has decreased from 37,827 on January 1, 2023, to […]
Arthur Hayes, a renowned thought leader in the crypto industry, has warned Bitcoin investors to prepare for a potential 40% dip in March due to macroeconomic factors. In a recent blog post, Hayes highlighted three key reasons why March will be a pivotal month for Bitcoin.The Bank Term Funding Program (BTFP), established after the 2023 […]
The Honduran Special Economic Zone, Prospera ZEDE, has officially recognized Bitcoin as a unit of account, a significant milestone in the regional acceptance of cryptocurrencies. This announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, and provides clarity on the conditions that legal entities must meet to adopt Bitcoin […]
Major U.S. exchanges are on the brink of approving the country’s first Bitcoin exchange-traded funds (ETFs), signaling a significant milestone in the cryptocurrency world. The advanced stage of Bitcoin ETFs, set to debut in the U.S. market, is evident in the amendments filed by BlackRock, Grayscale, Fidelity, and other issuers in 19b-4 filings. These adjustments, […]
Ethereum whales have been consistently purchasing more of the altcoin, indicating their ongoing support. The buying activity has particularly escalated in recent weeks. On-chain data from Santiment shows that Ethereum’s largest private wallets now hold a record 56.25 million ETH, which accounts for 46.8% of the total circulating supply of the cryptocurrency.Currently, Ethereum is trading […]
