Tax cancellation is possible for bitcoin lost to lending sites like Celsius

Cryptocurrency lending platforms like Celsius, Anchor, and Voyager Digital has gained prominence for offering almost unbelievable returns of up to 20% per year on customer deposits. Now, much of that crypto money is stuck as falling token prices force platforms to temporarily suspend or limit withdrawals. In the wake of its own solvency crisis, Celsius … Read more

Bitcoin Family Says It Lost $1 Million In Value This Year

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihutu The “Bitcoin Family” has dropped more than $1 million in its bitcoin investment since the world’s most popular digital currency hit around $69,000 in November 2021 — but patriarch Didi Taihuttu is more bullish than ever. “I am buying bitcoin daily,” Taihuttu told … Read more

Bitcoin is bad

Why not all cryptocurrencies are the same and why you should care and (re)act Bottom For as long as I’d like to admit, I’ve developed experience in the banking and retail payments infrastructure. Being very curious about all digital subjects, especially within my profession, I have added distributed ledger technology, blockchain, tokenization, cryptocurrencies as well … Read more

El Salvador buys 500 bitcoins as cryptocurrency market sell-off continues

El Salvador’s President Nayib Bukele gestures during his speech at the closing ceremony of the Latin Bitcoin conference (LaBitConf) in Mizata Beach, El Salvador, where he announced “Bitcoin City”, on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $15.5 million worth of bitcoin to its balance sheet … Read more

Coachella for Capitalists: Why Bitcoin Topped the Berkshire Hathaway AGM Account

It’s been called the Woodstock of Capitalism, Coachella for Capitalists, and much worse too. What is certain is that Berkshire Hathaway’s annual general meeting is a must-event for market lovers. While our UK readers may have enjoyed the holiday, the long weekend saw a lot of inflammatory comments from Berkshire leaders Warren Buffett and Charlie … Read more

Dorsey, Saylor and Fidelity Write to EPA to Defend Bitcoin Mining

These machines, known as mining rigs, work around the clock to find new units of cryptocurrency. Benjamin Hall | CNBC Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee and Michael Saylor — have come together to refute allegations made by House Democrats urging the Environmental Protection Agency to investigate the … Read more

Bitcoin Well CEO and CRO will present at Alberta Technology

EDMONTON, Alberta, April 14, 2022 (GLOBE NEWSWIRE) — Bitcoin Well Inc. (“Bitcoin Well”) (TSXV: BTCW)is pleased to announce that Adam O’Brien, Founder and Chief Executive Officer, and Dave Bradley, Chief Revenue Officer, are scheduled to present at the Alberta Technology Symposium on Wednesday, April 20 and Thursday, April 21, 2022 at the Grand Theater in … Read more

See how we send bitcoin from Miami to a Ukrainian in Poland

Alena Vorobiova hadn’t thought much about bitcoin before Russia invaded Ukraine in February. Fast forward to border closures and bombings in her hometown, cash shortages at ATMs across the country, and the central bank suspending electronic money transfers — and she decided to give bitcoin a try. While money providers generally charge transfer fees of … Read more

Exxon mining bitcoin with Crusoe Energy in North Dakota Bakken region

View of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters ExxonMobil, the largest US oil and gas producer, is piloting a project to mine bitcoin in North Dakota, according to people with knowledge of the matter. For more than a year, Exxon has worked with Crusoe Energy Systems, a Denver-based company, said … Read more

Bitcoin’s Largest Fund, Grayscale, Is Trading At A Bargain, But That’s Not Good News

The world’s largest bitcoin fund is trading at 73 cents on the dollar. This might seem like a bargain if you want cryptocurrency in your portfolio. But nothing is really free on Wall Street, including a reduced rate deal on bitcoin. With $26.2 billion in assets, Grayscale Bitcoin Trust owns more cryptocurrencies than any other … Read more