El Salvador President & Bank Of England Predict Bright Future For Bitcoin; China Says Btc Heading To Zero

The future of Bitcoin has become a topic of deliberation in recent weeks. The first-generation cryptocurrency has fallen more than 70 percent from its November 2021 all-time high of $69,000. Since then, Bitcoin has struggled to regain its lost footing and even dipped below the $18,000-mark earlier this month. Through the turmoil, the legacy coin … Read more

El Salvador bitcoin experiment not saving country’s finances

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would. The government’s crypto coffers have been cut in half, … Read more

Jim Chalmers, Stephen Jones: Crypto not taxed as foreign currency

The Australian Government has made a major announcement on cryptocurrencies after a big decision on the treatment of Bitcoin overseas. The Australian Government has confirmed crypto currencies will continue to be excluded from foreign currency tax arrangements following a major announcement overseas. The decision follows a move by El Salvador to allow Bitcoin as legal … Read more