Here’s Where Grassroots Crypto Adoption Is Highest

BanksterCrime: by Tyler Durden Of 154 countries analyzed by blockchain data platform Chainalysis, India ranks the highest in grassroots crypto adoption by far. While countries with higher purchasing power would naturally score better when looking at transaction volumes, according to Chainalysis experts, the index measures where “average, everyday people are embracing crypto the most.” However, this…

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IRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt

BanksterCrime: The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. On July 31, 2023, the IRS issued Revenue Ruling 2023-14, providing clarity on the tax implications for individuals engaging…

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Bitcoin Faces Backlash: Bank Of England Governor Expresses Disapproval–Satan Soldiers Will Never Agree to Cryptocurrencies–There Going to be a War

Bitcoin and other cryptocurrencies have long been a subject of debate and scrutiny within the financial world. Bank of England Governor Andrew Bailey recently added his voice to the conversation, expressing skepticism about their status as true currencies. In a speech delivered at the Financial and Professional Services Dinner in London, Bailey asserted that Bitcoin…

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Bitcoin ETF Race Begins: Has Institutional Trust Returned To Crypto?

by Tyler Durden Wednesday, Jul 05, 2023 – 06:20 AM Authored by Prashant Jha via CoinTelegraph.com, Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices. With the Bitcoin halving event less than a year away, several financial giants…

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Renowned Bitcoin Hater Peter Schiff Has Once Again Cast Doubt on the Cryptocurrency’s Long-Term Sustainability

Renowned Bitcoin hater Peter Schiff has once again cast doubt on the cryptocurrency’s long-term sustainability. Schiff recently expressed skepticism regarding the recent Bitcoin rally that saw its market capitalization earlier reach an impressive $31,000. According to Schiff, the current surge in BTC price is merely a temporary thing, and he believes that “the party” will…

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