The world’s biggest cryptocurrency set a new record price of $52,954.49 on Friday, CoinDesk’s Omkar Godbole reported, having scaled the $50,000 mark two days prior. Related: Should the US Federal Reserve Buy Bitcoin?īitcoin continues to outshine gold amid calls for more fiscal spending to boost the U.S. “That Christie’s is willing to accept cryptocurrency for the first time,” according to the piece, “says more about the auction house’s attempt to break into new audiences than it does about a shift in the traditional art market.”īitcoin beating gold where it counts right now – on the inflation trade “As the home of the Crypto Valley, it is important to us to further promote and simplify the use of cryptocurrencies in everyday life,” said Zug’s finance director, Heinz Tannler, when the tax initiative was announced.īIDDERS UP: Christie’s, the 255-year-old auction house of art, antiques and apparently meterorites, will now accept cryptocurrency for payment, Bloomberg reported. PAY YOUR SWISS TAXES IN BTC: The Swiss canton of Zug – dubbed “Crypto Valley” thanks to the many digital-asset companies drawn to the jurisdiction because of its friendly blockchain and crypto regulation – has started accepting tax payments in cryptocurrency. In traditional markets, European shares rose and U.S. Related: Stripe Names Digital Currency Advocate, Former BoE Governor Carney to Board
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