Crypto Updates

Musk on Crypto Twitter’s ‘Most Annoying Problem,’ Bored Ape NFTs, Mt Gox Bitcoins

Another week has passed in the action-packed world of crypto, so it’s time to kick back, take stock of the situation, and enjoy this week’s bite-sized digest of the hottest crypto news from the past seven days. On the menu this go-round is Tesla CEO Elon Musk talking about Twitter’s ‘single most annoying problem,’ a…

Another week has passed in the action-packed world of crypto, so it’s time to kick back, take stock of the circumstance, and delight in this week’s bite-sized absorption of the most popular crypto news from the past 7 days. On the menu this go-round is Tesla CEO Elon Musk talking about Twitter’s ‘single most bothersome issue,’ a deep dive into the world of Bored Ape Yacht Club NFT gains, a stack of bitcoins linked to Mt Gox still shrouded in secret, and tax advancements in Indonesia. Without even more ado, this is the Bitcoin.com News Week in Review.

Elon Musk Promises to Make 'Significant Improvements' to Twitter — Calls Crypto Spam Bots 'Single Most Annoying Problem'

Elon Musk Promises to Make ‘Significant Improvements’ to Twitter — Calls Crypto Spam Bots ‘Single Most Annoying Problem’

Tesla and SpaceX CEO Elon Musk has signed up with Twitter’s board of directors and assured to “make substantial enhancements” to the social media platform. Some modifications he is thinking about consist of including an edit button and resolving the crypto spambot issue, which he sees as the “single most frustrating issue on Twitter.”

An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time

An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time

Non-fungible tokens (NFTs) have been very popular throughout the last 2 years and in current times, particular NFTs from particular collections sell for hundreds of thousands or even millions of dollars per NFT. During the last 30 days, Bored Ape Yacht Club (BAYC) NFTs saw $257 million in sales volume. While individuals are still concerned about the worth of NFTs, it’s likewise fascinating to see who is getting the most costly NFTs like Bored Apes and trading them frequently. The following is a thorough appearance at the leading 5 BAYC traders of all time and the millions of dollars in revenues they have made.

Bitcoin Cold Case: The Tale of the Dormant Wallet With Close to 80,000 BTC From Mt Gox

For the last 11 years, a mystical wallet associated with the Mt Gox scandal has sat inactive holding close to 80,000 bitcoin worth $3.7 billion today. While the wallet was as soon as the sixth-largest address a couple of years ago, today it’s the ninth-largest wallet in terms of bitcoin held, and the funds have never been invested considering that the very first deposit was on March 1, 2011.

Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting May

Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May

The Indonesian federal government has chosen to tax capital gains earnings from crypto financial investments at 0.1% beginning in May. In addition, value-added tax (VAT) of the very same rate will be imposed on crypto purchases.

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