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Canadian Exchange Claims Bitcoin Is More Efficient For Paying Taxes Than Bank Cards

The co-founder of the cryptocurrency exchange Coinberry in Toronto has claimed Bitcoin is more efficient for paying taxes than bank cards. As reported earlier this week by the real estate news outlet Mansion Global, Evan Kuhn said that his firm takes significantly lower fees than the ones that card institutions impose on their clients. He went onto say: “A credit card company charges a 3% fee. [...] Our fee is .5%, so that’s a lot more beneficial for the municipalities.” Coinberry acts as an intermediary because local municipalities aren’t allowed to hold or accept cryptocurrencies because of the volatility they...

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Germany Are Leading The Way For Bitcoin Adoption

If you’re asked to think of countries that are paving the way for Bitcoin adoption, we could guess that you would think of countries such as Japan and the United States of America which have been in the game for quite a long time. Indeed, the adoption of cryptocurrency across these countries is rife, so it is hard to forget just how far other countries across the globe have come in their own crypto-journey’s too. Germany is somewhat an underdog when it comes to crypto, simply because Germany is a FIAT finance powerhouse, so we can assume that regulation might...

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Peter Schiff: “Gold Will Eventually Hit 5k. Bitcoin Will Never Hit 50k.”

The gold bull and bitcoin naysayer, Peter Schiff has said that the leading cryptocurrency will never make it to $50k. As it stands, I can see where Schiff is coming from. Given that the market is being very volatile and struggling to reach even $11k, $50k is a bit of a dream at this point. That being said, we saw bitcoin reach its all-time high of $20k at the end of 2017 so who knows what could happen! Twitter Debates Speaking in a debate on Twitter, Schiff and Fundstrats Thomas lee had some varying opinions on cryptocurrency, although it was...

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Can Bitcoin (BTC) Really Be A Safe Haven Asset Like Gold?

Bitcoin (BTC) has been following Gold for the most part since 2018. The correlation is not very clear before then but recently Bitcoin (BTC) has been acting a lot like digital gold, but the question is “Could Bitcoin (BTC) be Digital Gold or is all of this staged?” First of all, let me say that a lot of people have been trying really hard to portray Bitcoin (BTC) as Digital Gold but investors have yet to buy this narrative. That being said, when you ‘stage’ a correlation too often, it is easy to convince investors that that might be the...

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Are Bitcoin (BTC) Bulls Fighting A Lost War?

Bitcoin (BTC) crashed hard in the past 24 hours but the bulls are still not ready to give up. There is a fight for control going on that we see can spot more closely on lower time frames. If we take a look at the 5 min chart for BTC/USD, we can see that the price has repeatedly been breaking out bear flags. It is now on the verge of declining below another bear flag that would pave the way for further decline. The price is not in a position to go even towards the top of the bear flag....

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