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FameEX Morning Crypto News Recap | April 3, 2023

2023-04-03 11:55:45

Above 40% of Singapore's Population Now Hold Cryptocurrency
A recent survey by Independent Reserve revealed that 43% of 1,500 Singaporean respondents own cryptocurrencies. This demonstrates an increased interest in digital assets, as last year's estimate was around 40%. The current adoption rate mirrors the 43% level seen during the 2021 bull run, highlighting the growing popularity of cryptocurrencies among Singaporeans, regardless of market conditions.

Denmark's Supreme Court Rules 
Bitcoin Earnings Subject to Taxation
The Supreme Court of Denmark has determined in two separate rulings that profits from selling cryptocurrencies, including bitcoin, are taxable. These decisions, which involve cases related to crypto purchases, payments, and income from bitcoin mining, confirm the judgments made by lower courts.

Trump NFT Sales Surge Following Historic Indictment Event
Although March seemed to be the lowest month for Trump NFT trading card sales, a late-month spike occurred following former US President Donald Trump's indictment by a New York grand jury. This event led to increased prices and trading activity surrounding the collection.

Bitcoin Dissertation Climbs to Amazon's Best Seller List
Jason Lowery's report, "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin," is the result of his 6-month MIT research fellowship sponsored by the Department of Defense. While not among Amazon's top 500 books, the study has consistently ranked near the top in the digital currencies category and is currently second in both technology and engineering book rankings.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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