Tags : Capital

Bitcoin

No capital taxes on Bitcoin, PR for crypto entrepreneurs

El Salvador president Nayib Bukele said in a tweet last night that investors will pay no capital taxes on Bitcoin gains, a day after announcing the asset could soon be ‘legal tender’ in the country. “No capital gains tax for Bitcoin, since it will be a legal currency,” Bukele said, responding to a tweet by […]Read More

Cryptocurrency

Kyber Network (KNC) launches new market maker protocol with high

Blockchain-based liquidity protocol Kyber Network announced the release of the world’s first Dynamic Market Maker (DMM). The newest feature is designed for liquidity providers to optimize fees, maximize earnings, and enable high capital efficiency.  Following extensive research into the benefits of DMMs over automated market makers (AMMs), Loi Luu, co-founder of Kyber Network, concluded that […]Read More

Bitcoin

First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

Investment advisory firm First Trust Advisors and hedge fund SkyBridge Capital, led by former White House communications director Anthony Scaramucci, have filed an application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Per the filing, the fund is dubbed “First Trust SkyBridge Bitcoin ETF Trust.” First Trust Advisors is expected […]Read More

Bitcoin

SkyBridge Capital CEO says Elon Musk owns over $5 billion

Electric car giant Tesla’s $1.5 billion investment in Bitcoin is less than one-third of the total crypto reserves held by Elon Musk and his companies, Anthony Scaramucci, CEO of investment firm SkyBridge Capital, asserted today. “Elon Musk didn’t stop with Tesla. I understand that SpaceX owns Bitcoin on its balance sheet,” Scaramucci tweeted, adding: “Elon […]Read More

Regulation

U.K. tax authorities freeze capital gains tax signaling short term

U.K. crypto investors braced themselves for significant changes in the treatment of Capital Gains Tax (CGT). But these fears were ill-founded as Chancellor Rishi Sunak delivered his budget just after noon today. The government opted to freeze thresholds for Income Tax, Inheritance Tax, Pensions Allowance, VAT registration, and Capital Gains Tax. While this is welcome […]Read More

Ethereum

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving.  Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021.  His analysis is based on the change in the stock-to-flow ratio across each halving.  The hype and excitement surrounding the Bitcoin halving event is once again […]Read More