Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Taxation, Definition of Digital Currency Discussing upcoming changes in the legislation regarding digital currencies in Russia, head of the Financial Market Committee in the State Duma, Anatoly Aksakov, expressed his opinion that cryptocurrency mining should be added to Russia’s register of entrepre ..read more

Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal tender in El Salvador on Sept. 7, making it a landmark event for retail and sovereign adoption of the asset. However, it turned out to be a chaotic event for the premier cryptocurrency token as the country celebrated “Bitcoin Day.” Soon after the day began, BTC’s price suffered a flash crash of over $8,000 to bottom out at $42,900. Even though this flas ..read more

The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based solutions to lower the cost of remitting funds across borders. Understanding Cryptocurrencies Prior to making these remarks about cryptocurrencies, Ncube has previously urged Zimbabwe to “invest in understanding emerging innovations like bitcoin.” At the time, Ncube, who had just been appointed finance minister, tol ..read more

Football superstar Lionel Messi recently launched his own collection of NFTs, or non-fungible tokens, that were created using his image by an Australia-based digital designer and are expected to make billions of dollars. In India too, Bollywood superstar Amitabh Bachchan has launched his own NFTs, which are themed around his life. Before him, Sunny Leone became the first Bollywood actress to launch her own NFT collection of unique, hand-animated art. Messi, Big B and Leone are not alone in this business. The popularity of NFT, a type of digital asset, has exploded beyond anyone’s imagination ..read more

A few months ago, the crypto industry was shaken up by the news of the mass exodus of miners from China. At the end of May 2021, it became known that the Chinese authorities were going to ban Bitcoin (BTC) mining, bringing the already existing regulatory pressure on miners to a breaking point. The list of banned operations includes purchasing cryptocurrencies, as well as any related investment activities, crypto trading and exchange. The People’s Bank of China had held substantive consultations with banks and payment systems and then the largest Chinese financial institutions were told to s ..read more

It has been one of the most volatile weeks for the cryptocurrency market in months. Markets began the week on a positive note, with Bitcoin first crossing the $50,000 mark and then $51,000 and then $52,000. The overall market capitalization had shot past $2.3 trillion. However, the market took a drastic U-turn on Tuesday as Bitcoin dropped from near $53,000 levels to around $43,000. In one of the largest liquidation events in months, 328,000+ traders were liquidated. The total value of liquidations surpassed a whopping $3.54 billion. The crash coincided with El Salvador’s implementation of Bi ..read more

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/09/2809042b-795d-466a-bb7c-e8fd9991874b-460×259.jpeg Bitcoin, and cryptocurrencies in general, has been a controversial topic for a long time. There are many words for what cryptocurrencies pretend to be but are not: decentralized, safe, fair, valuable, stable, a currency, honest, a solution, the future. Much like many other central bankers, Sweden’s Central Bank governor is very skeptical about Bitcoin trading. The Sveriges Riksbank Governor’s Take On Bitcoin According to a Bloomberg article, the governor ..read more

Last March, the comic book publisher DC Comics told freelancers that intellectual property (IP) and characters owned by DC Comics were off-limits in regards to freelancers leveraging the IP for non-fungible token (NFT) asset sales. A recent report indicates that Marvel Comics has also told freelance artists that the sale of NFT products featuring Marvel’s IP is off-limits as well. DC Comics and Marvel Tell Freelance Artists to Hold Off on Auctioning NFTs Featuring Company’s IP A report published on Friday shows that the world’s largest comic book publisher Marvel Comics does not want artists ..read more

Following El Salvador making bitcoin legal tender, a survey was conducted to ascertain whether U.S. adults support or oppose a similar move in the U.S. Among 4,912 adults who participated, 61% did not oppose. Majority of Adults in US Do Not Oppose Making Bitcoin Legal Tender, Survey Shows Yougov America Inc. conducted a survey Thursday to ascertain whether consumers are for or against adopting bitcoin as legal tender in the U.S. A total of 4,912 adults in the country participated in the survey. Yougov is an international research data and analytics group headquartered in London. Survey respo ..read more

Visit the original article* http://bitcoinmagazine.com/.image/c_limit,cs_srgb,fl_progressive,h_1200,q_auto:good,w_1200/MTgwOTg2NDAyOTMzMTg3Njcy/bull-price-market.jpg It’s time for retail investors to get out of their comfort zone, and spread the good word of bitcoin. To HODL bitcoin is to love bitcoin. And love, being the primary experience which we were set upon this earth for, should be spread like pollen in the wind. If you truly love the people around you, you need to be educating them about bitcoin. Every single time a negative event occurs that is a direct result of the fiat standard ..read more