As we wrap up a year jam-packed with high-profile adoptions of crypto by big players, yesterday may have given us the concluding exclamation mark. Days after Jack Dorsey announced that he was stepping down as Twitter CEO, the other company Dorsey runs announced that it was changing its corporate name from “Square” to “Block.” For […]
Archives for December 2021
Billionaire Investor Charlie Munger Thinks China Was Right to Ban Bitcoin; Crypto Twitter Responds
Charlie Munger, the vice chairman of Warren Buffett-owned investment conglomerate Berkshire Hathaway, believes China made the correct decision in banning bitcoin. The billionaire investor, who has has never been a fan of bitcoin, has now prompted a disparaging response on social media with his latest criticism of crypto. “The Chinese made the correct decision, which […]
Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data
Bitcoin continues to trade in a familiar range as traditional markets exhibit improved risk appetite, with investors eyeing the release of the U.S. monthly employment report. The top cryptocurrency was trading near $57,000 at press time, extending a three-day-long consolidation in the range of $55,800 to $59,300. European stocks traded higher, tracking an overnight bounce […]
South Korea Delays Plans to Tax Crypto to 2023
South Korean legislators delayed plans to tax virtual assets until 2023 at Thursday’s plenary session, CoinDesk Korea reported. The proposed tax would have levied a 20% tax on crypto gains made in a one-year period over KRW 2.5 million (US$2,122), starting Jan. 1, 2022. Lawmakers from both ruling and opposition parties are trying to appeal […]
Market Wrap: Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism
Bitcoin continued to trade in a tight range on Thursday and is roughly flat over the past 24 hours. Some analysts are concerned that rising leverage in the bitcoin futures market could precede a near-term price drop, while others expect the current trading range to result in further upside. CryptoQuant analysts pointed to the slower […]
