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Accordingly, we at Blockpit also receive many questions about possible taxation. Bounties differ from airdrops in that a service must be rendered in return for the receipt. Rather, it is simply the use of a service. Therefore, the allocation of Bitpanda BEST Rewards is not taxable because no consideration is provided. “The mere use of a platform should not lead […]

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Despite the short-term correction, the market remains optimistic about Bitcoin’s potential rally, fueled by bullish catalysts such as the upcoming halving. Additionally, investors are closely monitoring Bitcoin’s response to the potential approval of a spot exchange-traded fund (ETF) in Hong Kong later this month. At the time of writing, Bitcoin was trading at $68,510, reflecting a loss of over 1% […]