Cryptocurrency Market Rebounds, With Bitcoin and Ethereum Up 25% in a Week

Report: El Salvador Won’t Tax Foreign Investors for Bitcoin-Related Profits

El Salvador’s efforts to appeal to cryptocurrency enthusiasts continued Friday, with a report from Agence France-Presse (AFP) revealing that the country has decided to exempt foreign investors from taxes on profits earned via Bitcoin speculation. Bitcoin speculation effectively treats the cryptocurrency like an asset that investors want to buy when it’s under-valued and sell when…

El Salvador Emerges as Bitcoin’s Savior

El Salvador Emerges as Bitcoin’s Savior

The price of Bitcoin rose 5% overnight after El Salvador President Nayib Bukele announced that the country will start to accept the cryptocurrency as legal tender on September 7 and that its citizens will be eligible to receive $30 in Bitcoin at that time. That announcement helped stem the bleeding for Bitcoin, the price of…