June, 2021

Bloomberg report that Cryptocurrencies will replace gold
Altcoins, Bitcoin, Multimedia, Τεχνική Ανάλυση
04/06/2021
22

Bloomberg: Cryptocurrencies will replace gold

Despite rising metal prices, cryptocurrencies and, above all, Bitcoin are increasingly approaching its value.
With the capitalization of the most popular cryptocurrency exceeding 1.47 trillion dollars. and with inflationary pressures intensifying in the US, now hovering above 2%, both crypto and gold, as safe havens for investment, are likely to show further upward trends.

But despite the upward trend in precious metals in general, Bloomberg reports that the rise of gold is “indifferent”.
“At the moment I do not see any interest in the gold market.
It is stuck and I think it will soon be replaced by digital gold, Bitcoin.
“Every day that passes, everyone who knows and owns gold understands that little by little the yellow metal will be replaced.”

Source: https://www.bankingnews.gr/kriptonomismata/articles/560791/vloomberg-ta-kryptonomismata-tha-antikatastisoun-ton-xryso?fbclid=IwAR3PQ_uTJQ2Xyw6g3SDmQ5oIZTpGRW96zqENYRurZYf4K6CbtwjBDw-Nrtc

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Luxemburg will become a center for the development of blockchain and cryptocurrencies
Altcoins, Bitcoin, Multimedia
02/06/2021
18

Luxemburg will become a center for the development of blockchain and cryptocurrencies

Luxembourg will cultivate the conditions for the development and establishment of a blockchain network for cryptocurrencies, as the authorities consider it to be a promising industry.
According to Luxembourg Prime Minister Xavier Bettel, the government will continue to “pave the way” for the development of innovative technologies, with the hope that the country will become a leader in digital currencies.
In fact, Bettel joked that he could create his own collection (NFT) to “make a lot of money in a very short time.”

Bettel has been Prime Minister of Luxembourg since 2013.

He is not a technician or programmer, but he is convinced that blockchain can simplify people’s lives.

“Intangible assets”

According to occasionally stated by Luxembourg officials, digital currencies are considered intangible assets.
Therefore they should not be subject to tax until they get to the point of exchanging fiat money.
In 2019, the Luxembourg government approved a bill regulating the use of the blockchain in transactions.

Source: https://www.bankingnews.gr/kriptonomismata/articles/558968/bettel-louksemvoyrgo-tha-ginoume-kentro-anaptyksis-tou-blockchain-kai-ton-kryptonomismaton?fbclid=IwAR1donvbvgfo0jgKqzSe5WDxwKt7qCptaqMUuKIRsG4HPyyRfnNKAe8Kt1w

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