Digital currency

Recently, the South Korean Finance Ministry announced imposing a 20% tax on cryptocurrency earnings. Curiously enough, the decision comes a couple of days before the announcement concerning the testing of the digital won. Is this a way to push people away from cryptos?

The digital currency sector in Nigeria has been growing rapidly. Despite numerous scams and a lack of clear regulations, cryptos attract Nigerians with high profit potential.

The Chinese crypto community seems to flourish, as judged by the number of billionaires that are the country’s natives. Indeed, half of the top 10 richest crypto owners originate from the Communist Republic.

This decade has witnessed a high wave of central banks wanting to make digital versions of their fiat money, also called the Central Bank Digital Currency (CBDC) following the success of cryptocurrencies. Thailand just announced it would be unveiling its own CBDC next year. What shape does the race take after then?

Ripple, the fourth cryptocurrency by market cap, reached its highest level since 2018 and landed in a step from regaining its top 3 slot position following the major bullish recovery. However, the surge seems to be short-term.

A Virginia-based cloud-based services and mobile apps provider MicroStrategy Incorporated (MSTR) bought another 253 Bitcoin to invest in the booming digital currency industry. The event caused a short-term BTC price increase.