Madeira ‘embraces’ Bitcoin and how the president met Michael Saylor

The tiny Portuguese island of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement made during the Bitcoin Miami Conference in 2022 has spurned confusion and misinformation. The President of the Regional Government of Madeira, Miguel Albuquerque, hopped onto the stage in April to announce that he believes in the “future […]

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BitMEX launches spot crypto exchange following $30M penalty

Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX Spot Exchange, is now live, allowing retail and institutional investors to buy, sell and trade cryptocurrencies like Bitcoin (BTC) and Ether (ETH). […]

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Portugal becoming its own enemy with 28% tax on bitcoin and crypto

Portugal’s finance minister has announced that cryptocurrency enthusiasts must take into account a 28 percent capital gains tax. A date for this new tax to come into effect has not yet been declared. When is the party over? For a long time, the crypto community saw Portugal as the promised land because the government was […]

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China returns as 2nd top Bitcoin mining hub despite the crypto ban

The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs, according to a new report. China became the second-largest Bitcoin hash rate provider as of January 2022, months after the local government […]

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Miami and New York City coins tank despite Mayoral endorsements

Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs. According to data from CoinGecko, the price of MIA has dropped 92% since its ATH of $0.055 on Sept. 20 to sit at $0.004 at the time of writing. While […]

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Portugal to lose crypto tax haven status as state announces gains duties

To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date. The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according to Sapo, a local […]

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