Bitcoin on Monday hit a 2022 high of $48,086.84, a price not seen since New Year’s Eve.
In the last seven days: Solana ballooned 39% to $138.73, Terra’s LUNA blew up 26% to $112, Avalanche rallied 23% to $103, NEAR Protocol added 20% to $16, and Tron rallied 16% to $0.075.
By the White House’s estimate, the government can raise roughly $11 billion from taxing crypto in over 10 years—and nearly $5 billion of that just in 2023.
First, the administration will tax unrealized gains, so even if you don’t sell your crypto after it blows up 25% in a week, those gains will be taxed.
He leveraged a subsidiary called MacroStrategy to take out a $205 million loan, which was backed by MicroStrategy’s 124,391 BTC reserves at the time.
On Wednesday, electronics giant Samsung announced that it was partnering with NFT marketplace Nifty Gateway to create a new NFT market that Samsung TV owners can enjoy from the comfort of their sofas.
On Thursday, European lawmakers voted through a proposal requiring crypto service providers, such as exchanges and wallet providers, to enforce KYC standards with individuals who transact more than €1,000 using non-custodial cryptocurrency wallets, such as MetaMask.