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Ark Invest’s chief executive officer and chief investment office Cathie Wood, is backing up her bold claim that Bitcoin will reach $500,000. In the same interview, Wood revealed her firm’s increasing confidence in Ethereum following the 2.0 update, along with potential plans to rebalance between the two top cryptocurrencies. Ark Invest’s
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China has reiterated plans of cracking down on Bitcoin mining and trading within its bordersBitcoin has dipped from $41k to a local low of $36,600 due to the newsChina’s government had announced and initiated a similar crackdown in 2018 which officially kicked off the bear market thenThe Chinese government has
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Six months after its first response to the European Commission’s crypto legislative proposal, the International Association for Trusted Blockchain Applications, or INATBA, has released a detailed report on key issues regarding the planned regulations.According to the recently published document, INATBA argued that the commission's Markets in Crypto Assets regulations do
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Cryptocurrency payments and trading using digital currencies are now tax free in Portugal, the European country’s tax authority has clarified. It should be noted that there is no income tax on cryptocurrency earnings in the country.Local Business newspaper Jornal de Negócios has reported earlier this week that the relevant tax
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