The Boom of Cryptocurrency in Latin America

As I’m sure you’re well aware, El Salvador just recently became the first country in the world to recognize Bitcoin as legal tender, and this caused the price of the crypto to jump 5%. The Bitcoin Law, as it’s named,…

President Biden Plans to Propose on Raising Federal Capital Gains Tax

President Joe Biden is expected to put forth a proposal that will raise the federal capital gains tax from 20% to 39.6%, but if you factor in the Medicare surtax, the richest taxpayers will end up paying 43.4%. According to…

Cryptocurrency Market Hits $2 trillion Market Cap

A new record has been broken in the world of cryptocurrency as the total market cap for cryptocurrencies has now reached $2 trillion with Bitcoin alone hitting $1 trillion according to market trackers CoinGecko and Blockfolio. Over the past several…

Bitcoin Scams on the Rise

With every new popular trend comes people wanting to take advantage of the situation. Cryptocurrency is gaining more mainstream acceptance everyday, but it’s still a relatively niche thing and can be confusing to uninformed people which allows bad actors to…

India to Propose a Cryptocurrency Ban and Penalize Holders

India will reportedly propose a law banning all cryptocurrencies as well as fining anyone found trading cryptos in the country or even holding assets. A senior government official with knowledge of the plan explains the bill would criminalize possession, issuing,…

Bitcoin Quantity Down, Holding Increasing Data Suggests

At the time of this writing, Bitcoin has hit the $60,000 mark, breaking the former all-time high of $58,620.77. This milestone comes at a time where corporations and financial institutions are warming up to Bitcoin and investors buying more of…

Citigroup Says Bitcoin could become the “currency of choice” for global trade

Banking giant Citi released a new report that suggests Bitcoin could become an “international trade currency” in the future. Titled “Bitcoin: At the Tipping Point”, the report goes over Bitcoin’s history as a digital payment method to bypass banks and…