Category: Bitcoin News

Bitcoin mining profits in Russia to face new 15% tax rules, officials say

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The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and related infrastructure. According to an Interfax report, the amendments, announced by the Ministry of Finance, establish new guidelines for taxing income and expenses in the crypto mining sector, along with outlining the tax obligations for operators of mining infrastructure. Under the changes, cryptocurrencies are defined as property for tax purposes.…

Metaplanet Secures Over $11M in Bonds to Boost Bitcoin Holdings

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Metaplanet, a company listed on the Tokyo Stock Exchange, has announced the issuance of about $11.31 million (¥1.75 billion) in one-year bonds with a 0.36% interest rate, with the proceeds earmarked for additional purchases of bitcoin (BTC). This strategic move underscores Metaplanet’s commitment to expanding its cryptocurrency investments amid a growing interest in digital assets. […] Original

Bitcoin Price Near a Record High Might Be Just Half the Journey as BCA Research Signals BTC at $200K

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“Despite bitcoin’s election-fueled rally, its 260-day complexity is not yet close to the 1.2 level that would signal the start of another crypto winter,” the BCA Research team led by Chief Strategist Dhaval Joshi said in a Nov. 14 note to clients. “Hence, while we should expect a near-term retracement, bitcoin’s structural uptrend is intact with an ultimate destination of $200,000+.” Original

First European Presidential Candidate Joins the Global Race for Bitcoin With Call for a National Strategic Reserve

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In a bold move that echoes recent calls from the U.S. to establish a Strategic Bitcoin Reserve, Sławomir Mentzen, a presidential candidate, has proposed that his country create its own Strategic Bitcoin Reserve. In a recent social media post, Mentzen outlined his vision for transforming Poland into a cryptocurrency haven, promising friendly regulations, low taxes, […] Original

Financial ‘Indiana Jones’: The Massive Bitcoin Rally Has Not Even Started

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Sean Brodrick, also known as the ‘Indiana Jones’ of natural resources, believes that even with the latest price hikes, bitcoin still has room for growth. Brodrick stated that in 2025, governments, banks, and corporations will push the leading cryptocurrency’s potential into overdrive. ‘Indiana Jones’ Sean Brodrick: Governments, Banks, and Corporations Will Push Bitcoin Higher in […] Original

Metaplanet to buy more Bitcoin with $11.3m bond issuance

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Japanese investment adviser Metaplanet has announced plans to issue ¥1.7 billion in one-year 0.36% bonds to buy more Bitcoin. Tokyo Stock Exchange-listed Metaplanet is doubling down on its Bitcoin (BTC) strategy with the issuance of a ¥1.75 billion — around $11.7 million as of press time — ordinary bond to fund additional BTC acquisitions. The third series of ordinary bonds, exclusively allocated to EVO FUND, carries a 0.36% annual interest rate and is fully guaranteed by the company’s president and representative director, Simon Gerovich, per a Nov. 18 regulatory filing.…

MicroStrategy’s $26 billion in Bitcoin Exceeds Nike and IBM cash

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MicroStrategy recorded $26 billion in Bitcoin after its price surged to $90.000 last week. The number are surpassing cash owned by big companies including Nike and IBM. Bitcoin, the biggest cryptocurrency in the world, price increasing up to 11% to $90.000 last week. Making MicroStrategy’s Bitcoin, one of the biggest companies that hold Bitcoin, valued up to $26 billion. MicroStrategy executive chairman Michael Saylor, on his X post-Nov. 17, claimed that their Bitcoin value exceeds Nike Inc. and International Business Machine (IBM) Corp cash holdings. In comparison, MicroStrategy’s Bitcoin is…