MPL is looking to raise investment as part of its Series E extension at a valuation of $2.5 billion. Source
Indian Gaming Firm MPL Could Attract Investment From FTX: Report
Tag: Report
Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency – Economics Bitcoin News
On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach $31,000 per ounce and bitcoin could potentially hit $1.3 million per coin. If the assets became M2 monetary supplies, then the values of bitcoin and gold could be much higher. Vaneck’s Investment Team Calculates ‘Extreme’…
Indonesia to impose 0.1% crypto tax starting in May: Report
The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset transactions starting from May 1. According to a Friday Reuters report, Hestu Yoga Saksama, a spokesperson for Indonesia’s tax office, said the country will be imposing “income tax and VAT” on crypto assets “because they are a commodity as defined by the Trade Ministry” and “not a currency.” The government is still reportedly considering how to implement such taxes, but legislation passed in…
Indonesia to Charge 0.1% Tax on Crypto Transactions, Investments: Report
Indonesia is planning to charge value-added tax (VAT) on crypto transactions and capital gains on investments at 0.1% from May 1. Source
BitMEX CEO, CFO's Bid for German Bank Fails: Report
The deal, which was expected to complete later this year, was called off by a mutual agreement, according to report. Source
Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round: Report
Crypto exchange Blockchain.com reached a $14 billion valuation in a funding round led by Lightspeed Venture Partners, with “major participation” from Baille Gifford & Co, Bloomberg News reported on Thursday, citing the company. The amount raised wasn’t disclosed. Source
Kraken users report Bitcoin Lightning Network availability
Major American cryptocurrency exchange Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a bit later than the firm originally planned. Bitcoin maximalist Mr.Hodl took to Twitter on Wednesday to report that Kraken has implemented the Lightning Network. He attached a screenshot of the supposed new Kraken withdrawal process allowing users to complete a withdrawal request from a Lightning wallet to receive BTC from their accounts. “The Lightning network runs on top of the Bitcoin blockchain to enable more uses of Bitcoin,” Kraken’s withdrawal notice on the screenshot reads.…
Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report
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Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value – Economics Bitcoin News
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced Biden’s proposed budget for the 2023 fiscal year. According to marketwatch.com author Victor Reklaitis, the Biden administration’s inflation forecast “doesn’t look realistic.” Biden Administration Expects ‘Inflation Will Ease Over the Coming Year’ The Biden administration and White House economist, Cecilia Rouse, are predicting very low estimates as far as future…
Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner: Report
A high-ranking Russian official says that the nation is considering accepting Bitcoin (BTC) as payment for its fuel exports. According to a new report by the BBC, Zavalny, who is the Chairman of Russia’s Energy Committee, says that nations that are considered “friendly” toward Russia can pay for oil and gas using their own currencies. Zavalny adds that friendly nations such as China and Turkey can also opt to pay in Bitcoin. “We have been proposing to China for a long time to switch to settlements in national currencies for…