Since its introduction, Bitcoin is the “King of Cryptocurrency”. There is little doubt who the leader is.
That might be changing according to one billionaire. Ken Griffin believes that, eventually, Bitcoin’s top spot will be replaced by an Ethereum based token. The reason stems from the lack of utility when it comes to Bitoin.
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Miami Will Distribute Free Bitcoin To Its Residents Thanks To Miami Coin’s Success
Mayor Suarez is making news again. The leading “Crypto Mayor” says that the City will distribute the Bitcoin it receives from the MiamiCoin project to its residents.
A few months ago, the City of Miami introduced “MiamiCoin”. Through this project, according to the Mayor, the City earned $21 million in STX tokens, which it is staking to earn Bitcoin.
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Tencent CEO excited about metaverse as Q3 revenue lags
The Metaverse seems to be on everyone’s mind of late. This was something not talked about a few months back but since Mark Zuckerberg made headlines, it seems everyone is jumping on board.
We see, in the quarter 3 earnings call, the CEO of Tencent is stating how exciting the Metaverse is. Here we have another company that is promoting the idea that it is a going to be a “Metaverse Company”.
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Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment
Countries all over the world are grappling with how to deal with cryptocurrency. Regulators are unsure how to treat this new asset class.
We can now add Austria to the list of nations that are looking for cryptocurrency clarity. The country is going to treat it just like stocks. This means capital gain taxes are applicable. It vows to treat this asset class in the same manner.
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