President Bukele eliminates all taxes on tech innovations
President Bukele eliminates all taxes on tech innovationsEl Salvador's Innovation and Technology Manufacturing Incentives Act is another step towards achieving financial hub status.
Happy Thursday!The global crypto market cap is $1.19 trillion with a 24-hour volume of $40.95 billion. The price of Bitcoin is $28,835.99 and BTC market dominance is 47.1%. The price of Ethereum is $1,881.58 and ETH market dominance is 19.1%.
Latest NewsPresident Bukele eliminates all taxes on tech innovations
El Salvador's Innovation and Technology Manufacturing Incentives Act is another step towards achieving financial hub status. Deloitte enters the Polkadot ecosystem to issue reusable digital credentialsDeloitte will issue signed credentials leveraging the KILT blockchain. Users can manage their credentials using a browser extension wallet. ChatGPT-created Turbo memecoin crosses $50M marketcapSeveral crypto exchanges like MEXC and LBank have listed Turbo and its holders have now exceeded 9000 indiviuals. Bloomberg, others ask court to release FTX customer detailsThe media outlets argued that there was no legal basis to redact the FTX's customer names pursuant to foreign laws. CryptoSlate wMarket Update: Crypto market recovers this week’s lossesThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Over 75% of global institutions anticipate a successful cyber attack within a yearTrend Micro's latest report revealed the cyber-risk levels improved to moderate from elevated for the first time in the second half of 2022. Court asks SEC to reply Coinbase in 10 daysThe Court informed Coinbase that it can issue a reply to the SEC's response within seven days after it is filed. North Carolina joins Florida in passing anti-CBDC legislationDennis Porter said 'We are winning' in response to the state of North Carolina passing bill blocking CBDC payments. Coinbase users will no longer be able to borrow fiat against BitcoinThe feature that allowed users to take out loans of up to $1 million against 40% of their Bitcoin holdings will be scrapped from May 10. FTX seeks to claw back $3.9B from Genesis; undersold SUI contracts by 1000xFTX's bankruptcy trial continues as creditors await compensation.
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Wednesday, May 3, 2023
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Judging by its precedence, the US government could potentially sell off the Bitcoin within the next few years.
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