Tag: Bitcoin

Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies.Lithuania Sold Seized CryptocurrenciesThe State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the state budget. The tax authority explained that this is the first time it has sold seized cryptocurrencies.Irina Gavrilova, Director of the STI Non-Payment Administration Department, commented:The whole process was new for the tax administrator, from the takeov...

If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the old adage “it could never happen here,” many economists expect the increase of rent controls and hyperinflation to ravage the U.S. and many other powerful countries.Countries That Allow Massive Stimulus Injections Will Face Serious Economic ImplicationsThe coronavirus outbreak was a great excuse for the world’s banking cartel to mint more promissory notes than any other time in history. In the U.S., Americans have seen $9 trillion in stimulus ...

The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system.How Bitcoin Is Regulated in the USSEC Chairman Jay Clayton explained how the U.S. government is regulating bitcoin during an interview with CNBC Squawk Box on Thursday.He began by responding to a comment made by JPMorgan CEO Jamie Dimon regarding bitcoin regulation. Dimon said that he was not a supporter of bitcoin because in his experience, the government “can regulate whatever they want when they feel like it.” Given the current bitcoin market capitalization of about $340 billion, Dimon asserted that “If it gets bigger and bigger ...

Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years.Millionaires Don’t Want to Miss Out on BitcoinA new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000.Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high net worth clients — those having more than $1 million in investable assets — who currently reside in the U.S., the U.K., Asia, Africa, the Middle East, East Asia, Australasia, and Latin America.“The pric...

Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins.Over $10 Billion Under ManagementGrayscale Investments announced Tuesday that it has surpassed a major milestone in cryptocurrency assets under management (AUM), which the total now stands at $10.4 billion. The company offers 10 cryptocurrency products, all of which are single-asset trusts except the Digital Large Cap Fund.Most of the funds are held in the Grayscale Bitcoin Trust (GBTC), which currently has $8.85 billion in assets under management, followed by the Ethereum Trust with $1.22 billion, and the Digital Large Cap Fund with $146.7 million. In addition, the company announced Mond...

PRESS RELEASE. Saint Kitts, November 17, 2020— Bitcoin.com, the go-to web portal for everything bitcoin, announced the launch of a new Franck Muller luxury watch called “Free the Money, Free the World.”The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch that will sell for 9,900 EUR per timepiece and only 500 will be made available.The “Free the Money, Free the World” Franck Muller luxury watch was designed by Tyler Gallagher of Regal Assets and the cofounder of Bitcoin.com Mate Tokay. During the launch event, Gallagher said that he was thrilled to collaborate with the Bitcoin.com team.“This has been an exciting project and it is beyond an honor to work with Bitcoin.com, Mate Tokay, and Roger Ve...