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…

Bitcoin Reward Startup Lolli Gains $5 Million in Funding

Bitcoin rewards startup company Lolli has raised $5 million in funding thanks to a push by celebrity investors. Lolli offers a browser extension and an app that gives bitcoin rewards up to 30% for online shopping purchases, but it depends…

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…

First Bitcoin ETF in North American Approved by Canadian Securities Regulator

The Purpose Bitcoin ETF has received regulatory approval in Canada. It will debut on the Toronto Stock Exchange, where it can be used for investment plans for retirement and college. Bitcoin exchange-traded funds have consistently failed to be licensed by…

Compound for Noobs

What is Compound? Compound is a DeFi project that enables users to take out loans or provide loans by locking up their properties via Ethereum-based smart contracts. The availability and demand of each crypto asset dictate the sum of interest…

Mt. Gox Creditors May Be Able to Claim 90% of Remaining Bitcoin

According to Bloomberg, the contract between the debt trustees of Mt. Gox and MGIFLP, a subsidiary of Fortress Investment Company, would allow creditors to claim up to 90% of the exchange’s remaining bitcoin. CoinLab, which reported the agreement, customers are…

XRP’s price falls further after Bitstamp Delists Coin for US Users

Bitstamp will prohibit the trade of XRP by its US customers next month. The step follows the case filed by the SEC against Ripple. This comes after XRP’s price plummeted as news of an SEC lawsuit leaked. Bitstamp is the…

Ripple for Noobs

What is Ripple? Ripple is a privately owned fintech corporation that uses a proprietary payment network named Ripple Network with a global payment solution (also known as RippleNet). RippleNet, renamed XRP Ledger, is a payment network developed on top of…

MicroStrategy Raising $400M to Buy Bitcoin

MicroStrategy said Monday it aims to sell up to $400 million in debt securities to buy Bitcoin. The market intelligence firm said in a press release that after first making room for business costs, it would “invest the net proceeds…