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Category: economic value
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Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears
On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as […]
The post Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears appeared first on Bitcoin News.
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Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value
The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court Has Ruled South Korea’s top […]
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South Korean Court Rules Bitcoin Has Economic Value
A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin’s Status Re-Examined The Suwon District Court […]
The post South Korean Court Rules Bitcoin Has Economic Value appeared first on Bitcoin News.
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