Bitcoin News

Horizon Kinetics, a major independently owned and operated investment adviser, is betting on cryptocurrencies such as bitcoin (BTC) as a protection against rising inflation for their investors.

Leveraged trading is the biggest risk to the crypto market in terms of what could cause “something to pop down the line,” according to Joey Krug, Co-chief Investment Officer (CIO) at US-based major crypto investment company Pantera Capital.

A survey of 30 central banks brought somewhat surprising results as some bankers showed signs of openness to cryptoassets such as bitcoin (BTC). Also, central bankers are becoming more concerned about inflation.

The Indian government could become the latest to impose a tax on crypto trading. In a report, the Times of India stated that politicians are mulling the imposition of a flat 18% rate of goods and services tax (GST) on bitcoin (BTC), although altcoin trading would likely be covered by the same rules.

The European Commission (EC) announced "an ambitious package" of legislative proposals that would decrease the privacy of the EU citizens if implemented.

The Sindh High Court, the top court of Pakistan’s Sindh province, has instructed the country’s government to develop regulations for cryptoassets within a three-month period, and established a committee to look into the legality of such regulations under Pakistani law.

Digital asset investment products saw inflows totaling USD 80m last week.

Trading and investing platform eToro said it did not limit buy orders this past weekend.

The recovering hash rate indicates that some mining operations are beginning to return online in new locations, and the worst of the crackdown could be over, according to a recent analysis by crypto financial intelligence provider CoinMetrics.

The mCBDCs prototype demonstrates the potential of using digital currencies and DLT for ensuring real-time, cheaper and safer cross-border payments and settlements, according to the BIS.