According to David Marcus, the former Facebook executive who also co-founded the Diem stablecoin, Bitcoin will remain the global leader in the crypto segment for the next 20 or even more years. Moreover, its market value will continue increasing at compounding interest over time. The reason is that Bitcoin effectively performs its functions without any dependence on a specific leader or agency. “It’s become clear to me that #Bitcoin will be the one asset and L1 still around i

India legalizes crypto, unveils 30% tax on sale of digital assets India announced plans to begin taxing income from digital assets on Tuesday, while also setting out plans for the launch of its own digital currency. The Indian government unveiled a tax of 30% on the sale of crypto assets in a move that brings more clarity to the regulatory and tax treatment of cryptocurrencies following months of uncertainty about their legal status in the country. “There’s been a phenomenal

Joey Krug, co-chief investment officer of cryptocurrency-centered hedge fund Pantera Capital has said Ethereum has prospects of becoming an integral player in the global financial system. In an interview with Bloomberg, Krug projected that over 50% of all financial sector transactions might involve Ethereum citing the assets underlying technology. He stated that despite Ethereum facing competition, the platform’s position might go unchallenged, citing aspects like minimal tra