Elon Muskappointed by Donald Trump to the Department of Government Efficiency, would plan to use blockchain technologyintroduced by Bitcoin, to keep US government spending under control. The information was revealed by Bloombergciting an anonymous source. Given that the new US administration plans to both cut spending and encourage local industry, it is possible that Musk […]
Tag: cryptocurrencies
STF overturns the STJ decision and maintains evidence against the cryptocurrency pyramid
In a recent new decision involving the cryptocurrency pyramid MK Negócios (Sbaraini Administradora de Capital), Federal Supreme Court (STF) Minister Alexandre de Moraes handed another victory to injured investors. By attracting investments from clients in 17 Brazilian states, the scheme generated more than 1 billion reais. To convince the victims, high profits from so-called cryptocurrency […]
“Bitcoins cannot be confiscated”
It will cause discussion of the Supreme Court’s decision that Bitcoins are not confiscated assets because they have no legal value. User and Consumer Rights Association Aduc announced Consulta’s decision, signaling a serious short circuit between tax authorities and investors. But let’s go in order. Bitcoin: seizure of business activities It all started in May […]
Digital Currency Group, owner of Grayscale, will pay a $38 million fine to the SEC
THE Digital Currency Group (DCG) will pay a $38 million fine to the SEC. The agreement concerns its subsidiary Genesisthat promised returns in cryptocurrencies to its investors, but declared bankrupt in early 2023. In addition to Genesis, DCG also controls Grayscalemanager of the third largest Bitcoin ETF in the world, and owner of the Coin […]
Let’s fight Trump and Bitcoin, says the American Democrat
Democratic Congressman from Massachusetts, Richard E. Nealreleased a bombastic report to American voters last Wednesday (4). According to him, the new study will serve as a basis to fight against a possible wrong policy of Donald Trump and even against the use of bitcoin and cryptocurrencies in pension funds. The study, commissioned by the GAO […]
Paramount Business Jets now accepts bitcoin and cryptocurrencies as payments for private jets
THE Paramount Business Jets (PBJ) announced on November 22, 2024 that it now accepts bitcoin and other cryptocurrencies as payment for private jet charter flights. The decision marks a bold and innovative step to address the growing customer demand for more modern and technological payment methodsmaking the company one of the few in the industry […]
China says Bitcoin is not illegal and executives expect the Chinese market to return within two years
A text published in WeChata famous Chinese social network, emphasized last Monday (18) that the China’s Supreme Court Classified Cryptocurrencies Like Bitcoin as a “Commodity”that is, a commodity such as gold, oil and corn. The case in question concerns the dispute between two companies that jointly planned to launch their own token in 2017, but […]
Coinbase launches ‘Coin50’ to compete with the S&P 500
THE Coin basethe largest cryptocurrency exchange in the US, launched called an index Coinbase 50 Index (COIN50) next Tuesday (12), and serves as a competitor to the traditional S&P 500, which brings together the 500 largest companies in the US. According to a document published by the broker, the index consists of 50 currencies, but […]
The city of Detroit is beginning to accept Bitcoin and other cryptocurrencies for tax payments
Detroitthe most populous city in the state of Michigan, announced on Wednesday (7) that started accepting Bitcoin and other cryptocurrencies when paying taxes. The decision was released shortly after Donald Trump won the US presidential election. The text points out that two other US cities already accept cryptocurrencies, Willistonin North Dakota, and Miami LakesinFlorida. Two […]
Kamala Harris lost election because he ignored cryptocurrency community, says internet pioneer
Paul Grahamfounder of Viaweb and Y Combinator, believes so Kamala Harris lost the US elections because he didn’t pay attention to cryptocurrency investors. Although she was invited to participate in conferences, such as Bitcoin 2024, the current US Vice President declined such invitations and preferred not to pay attention to this audience. That was only […]