The top 5 crypto news for the day, are as follows:
CNBC’s “Mad Money,” Jim Cramer has recently tweeted his desire to get paid in Bitcoin. These formidable remarks come in the light of MicroStrategy announcing that it will pay its Board of Directors. He was reportedly quoted saying;
“Yes absolutely. I think it is a store hold of value. I think this is a $2 trillion market cap, maybe going to $3 trillion.”
“Absolutely. As a matter of fact, I may demand it.”
Hacienda, the Spanish tax authority has recently been purportedly issuing warning letters to Spaniard cryptocurrency Hodlers. About 14,800 warning letters have been released so far as the crypto regulations tighten up in the country. The national tax agency is compelling the crypto hodlers to declare their earnings while filing their tax, who will be fined over a 5000 euros penalty.
In February 2021, Ana de la Cueva, the Spanish Secretary of State for the Economy, said “Cryptos such as bitcoin carries a risk of default, given that the user does not have the protection offered by traditional payment systems against a default by the counterparty.”
In 2020, the tax authority happened to do a similar campaign of sending notices to crypto owners. The total targets covered were approximately 66,000 investors.
Jack Dorsey in a recent event has decided to take the self-proclaimed Satoshi Nakamoto Craig Wright to the UK High Court after COPA files a lawsuit against him. COPA has mentioned that Wright is not the author of the white paper, and along with that, he is not the owner of the copyright in the founding document. COPA asked for more data about the copyright claims of Wright and said:
“Please explain on what basis you assert that your client is the individual behind the pseudonym ‘Satoshi Nakamoto’ and is the author of the White Paper.”
Roberto Campos Neto the Chief of the Central Bank of Brazil claims that the country is making great progress in digitizing its currency, and should have news on the matter soon.
“We are making great progress on the digital currency process and we should have news soon.”
He declared in an online debate podcast hosted by the Bank of Spain, emphasizing that central banks across the globe should discuss digital currencies.
New York-based Galaxy Digital has filed for a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). It is a diversified financial firm dedicated to cryptocurrency.
Hopping on the bandwagon of top crypto exchanges like Kraken, Coinbase, Grayscale, the Galaxy Digital is the latest after Kryptoin to file an application.
“The Index is designed to measure the performance of a single bitcoin traded in U.S. dollars.”
reads the filing.
Brazil Making Great Progress in Digital Currency, Says Central Bank Chief.
Jack Dorsey Takes Craig Wright to the U.K. High Court After a Lawsuit.
14,800 Warning Letters to Spaniards Who Hide Their Crypto Earnings.
Mad Money’s Jim Cramer Wants to Get Paid in Bitcoin.