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 deep dive into the world of
Bored Ape Yacht Club NFT gains, a pile of bitcoins connected to Mt Gox
still shrouded in mystery, and tax developments in Indonesia. Without
further 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’
Tesla and Spacex CEO Elon Musk has joined Twitter’s board of
directors and promised to “make significant improvements” to the social
media platform. Some changes he is considering include adding an edit
button and solving the crypto spam bot problem, which he sees as the
“single most annoying problem on Twitter.”
An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time
Non-fungible tokens (NFTs) have been extremely popular during the
last two years and in recent times, specific NFTs from certain
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 people still question the value of
NFTs, it’s also interesting to see who is purchasing the most expensive
NFTs like Bored Apes and trading them regularly. The following is an
in-depth look at the top five BAYC traders of all time and the millions
of dollars in profits 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 mysterious wallet associated with the Mt Gox
scandal has sat dormant holding close to 80,000 bitcoin worth $3.7
billion today. While the wallet was once the sixth-largest address a few
years ago, today it’s the ninth-largest wallet in terms of bitcoin
held, and the funds have never been spent since the first deposit on
March 1, 2011.
Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May
The Indonesian government has decided to tax capital gains income
from crypto investments at 0.1% starting in May. In addition,
value-added tax (VAT) of the same rate will be levied on crypto
purchases.
