In his recent comments on the Ethereum vs. Bitcoin chart, Peter Brandt has shifted his stance from previously criticizing Ethereum as a “junk coin” to offering more positive insights into its market developments. Despite his prior derogatory remarks towards Ethereum and its proponents, Brandt’s analysis of the Ethereum-to-BTC chart now suggests a potential bear trap,
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Recently, cryptocurrency analyst Michael Van De Poppe made waves with his prediction that Bitcoin could reach $300,000 in the current bull cycle. This forecast comes at a time when Bitcoin has been consolidating around the $73,000 mark, unable to sustain further growth. However, Poppe remains optimistic about Bitcoin’s short-term prospects, especially with the upcoming Bitcoin
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Recently, the Swedish tax authority, Skatteverket, made a significant ruling regarding the Value-Added Tax (VAT) treatment of NFTs. The decision was a response to the growing economic importance and interest in NFTs in the digital realm. According to the ruling, the standard 25 percent tax rate applies to NFTs related to digital works. The ruling
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The disconnect between policymakers and technology has led to a situation where regulations often overlook crucial aspects of emerging technologies such as blockchain and AI. Senator Cynthia Lummis has recognized the importance of innovation in the financial sector and introduced the Digital Asset Innovation Act to address these concerns. However, the approach taken by the
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