President Nayib Bukele is encouraging foreigners to come to El Salvador, promoting the country as the “new land of the free.” Bukele tweeted a poster in vintage American style that highlights various benefits El Salvador has to offer its citizens. Among these is the adoption of bitcoin as legal tender. El Salvador as the New […]
Tag: BTC
April 5, 2023
April 3, 2023
Denmark Now Taxing Bitcoin Profits & Recognize It As A ‘Means of Payment’
The Danish Supreme Court has issued a ruling stating that profits made from Bitcoin trading must be taxed and that investments in the cryptocurrency are speculative in nature. The verdicts are expected to set a precedent for cryptocurrency investments in Denmark. “The Supreme Court assumes that bitcoins are generally only acquired with a view to […]
March 30, 2023
Bitcoin Heading To Best Quarter in 2 Years
Bitcoin (BTC) is on track to record its best quarter in two years, outperforming several other assets including Ethereum (ETH), gold, and the Nasdaq index, as per an analysis by Coindesk on Wednesday (March 29th). At the start of this year, $BTC traded below $17,000, reaching its lowest price since the 2021 boom, and many […]