South Korea To Delay 20% Crypto Tax By 2023 Amid Pressure From Young Voters

Calls for a crypto tax have drawn severe backlash in the country where crypto trading is ubiquitous. Now, the governing party is set to delay the crypto tax, according to The Korea Times. Due to diminishing support from young voters ahead of the upcoming elections in May, the government will ask regulators to delay the implementation by one year. So instead of on January 1, 2022, the tax will take effect in 2023. Indeed, there were signs that this decision…

Crypto Surges As Major Blockchain Networks Get Long-Expected Overhauls

As major blockchain platforms are seeing upgrades, major cryptos are surging on a wave of trader enthusiasm. Bitcoin is surging to all-time highs, breaking $67,000. However, altcoins are doing even better. Ether has reached an all-time high of $4,841 following a network upgrade. Ethereum's Altair Upgrade Since the start of 2021, Bitcoin's dominance has fallen from 73% to 44%. Meanwhile, Ether's share of the crypto market cap has risen to 20%. Its main advantage is that it powers the Ethereum network, a…

Apple CEO Tim Cook Says He Personally Owns Cryptocurrency

Another mainstream billionaire has added cryptocurrency to his portfolio. Tim Cook – CEO of Apple – recently confirmed that he owns at least one of the two top cryptocurrencies. Cook’s Personal Interest In Crypto In a recent interview with CNBC’s Andrew Sorkin, Cook was asked whether he owns Bitcoin or Ethereum. “I do”, he replied.  I think it’s reasonable to own it as part of a diversified portfolio… I’m not giving anyone investment advice by the way.” [caption id="" align="aligncenter"…

Bitcoin Breaks Another All-Time High, Crypto Market Cap Passes $3 Trillion

Feeling bullish? After achieving its first all-time high since April last month, Bitcoin has done it again within only weeks. Following a brief retesting at $60k, the primary cryptocurrency has surged back up to $67k and beyond. Furthermore, given the successes of various altcoins, the total cryptocurrency market cap has overtaken $3 trillion for the first time. Bitcoin To The Moon According to CryptoAdventure’s live price data, Bitcoin broke towards the upside late yesterday around 8pm EST. After seesawing between…

Tesla Tokens Drop 6% After Shock Musk Poll – Tesla Shares Follow

Musk's tweets are shaking the markets again - including Tesla. Specifically, Elon Musk created a Twitter poll to decide whether he could sell 10% of his Tesla shares. The sale could be worth $25 billion. As a result, Tesla crypto tokens dropped 6.8%. Tesla shares in premarket trading soon followed, dropping 5%. The CEO of Tesla and SpaceX decided to engage his Twitter followers on the question of unrealized capital gains. On Saturday, Musk tweeted that he would sell 10%…

Will Ethereum Ever Surge Past Bitcoin?

As the oldest cryptocurrency, Bitcoin may rightfully lead the other digital assets by market capitalization. However, Ethereum takes second place as the leader of all altcoins. Furthermore, it is currently enjoying a swift surge in popularity and, subsequently, value. Ether (ETH), Ethereum's native token, has a market cap of over $500 billion. One unit sells for over $4,000, and some expect it to reach or even overcome Bitcoin soon. This article looks at Ethereum and its chances to take the top…

Four US Mayors Have Started Flexing Their Bitcoin Paychecks

While China ejects the Bitcoin industry from its borders as fast as possible, certain Western jurisdictions are eagerly inviting them in. Displaying support for Bitcoin, four US mayors have promised to receive a paycheck in Bitcoin during this week alone. This marks the beginning of a fierce political competition to attract crypto businesses to their respective jurisdictions. Mayors Accepting Bitcoin: The Timeline The trend began as recently as Tuesday, when Bitcoin YouTuber Anthony Pompliano released a tweet on the matter.…

JP Morgan: Ethereum Is A Better Investment Than Bitcoin. Is This Correct?

JP Morgan – America’s largest investment bank – said that Ethereum now beats Bitcoin as an investment option. Interestingly, this comes shortly after the bank released a report arguing Ethereum's overestimation in comparison to BTC. Though it presents plausible arguments, there are also some holes in the banking giant’s logic. Ethereum Over Bitcoin? JP Morgan’s Argument JP Morgan’s market strategist Nikolaos Panigirtzoglou offered this analysis in a recent report, according to Markets Insider. As he argued, rising interests could make…

Joe Rogan Said He Accepted $100k Worth of Bitcoin

Could Joe Rogan be a HODLer? The world’s biggest podcast host recently claimed that he’d accepted one hundred thousand dollars in Bitcoin for a recent deal. If true, this would be Rogan’s first serious interaction with cryptocurrency that he has made public. What Did Rogan Say? Rogan revealed the recent payment during Joe Rogan Experience (JRE) episode #1728, nearly an hour into the show. The podcast was what he called a “supershow” featuring podcast hosts and comedians Shane Gillis, Ari…

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