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Bitcoin Replacing Gold is Happening – Bloomberg Report

Quick summary:Bitcoin is replacing gold in investment portfolios is acceleratingBitcoin has gained legitimacy with declining volatility and is increasingly becoming a global digital store of value$100k is the logical next threshold for BitcoinShort-term, Bitcoin could dip to $42kdue to a weakening stock marketThe team at Bloomberg has released their monthly

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Tesla Tapped Coinbase for $1.5B Bitcoin Buy: Report

Coinbase’s institutional trading wing handled electric car-maker Tesla’s $1.5 billion bitcoin investment earlier this month, according to The Block.The report illustrates Coinbase’s growing role as corporate America marches deeper into crypto. Coinbase handled MicroStrategy’s early allocations; The Block reported it has five Fortune 500 firms as clients. CoinDesk could not

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India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report

India is reportedly planning a short-term boost to its coffers by ensuring the nation’s cryptocurrency space is taxed before bringing in a ban on such assets.The government is likely to impose both personal income tax (IT) and the goods and services tax (GST) on gains from trading cryptocurrencies, according to

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Crypto Mining Farm Spotted Using Nvidia RTX 30 Gaming Laptops: Report

Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency.In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a

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