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This Week in Crypto...

April 25, 2021
On Monday, Time Magazine announced it would begin to accept crypto payments for their digital subscriptions through a partnership with crypto.com.

On Tuesday, 

Newegg, an American online retailer, followed in the Dallas Maverick's steps, now accepting Dogecoin payments. 

On Wednesday,

The Norwegian Tax Administration strongly suggested its citizens report earnings on crypto trading profits before their April 30 Tax deadline or they could risk paying additional taxes. 

On Thursday,

UK-based NatWest Bank announced it does not want customers who "deal in crypto." The head of the bank's risk committee stated the following: “We have no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business is backed by an exchange for cryptocurrencies, or otherwise transacting in cryptocurrencies as their main activity.”

On Friday,

Venture capitalist Tim Draper spoke at the Collision Web Summit, reiterating the importance of cryptocurrencies in the coming years. The investor stated: “People are already realizing that they would rather have Bitcoin than fiat currency,” said Draper. “Bitcoin facilitates [a global economy] from the economic standpoint because it is a global currency — it doesn’t care where the borders are. It isn’t tied to one nationality or another.”

Bitcoin fell by more than 10%, trading below $50K. This marks a 23% drop from its all-time high. 


For more information on these stories, visit: 
https://time.com/5955969/time-partners-with-crypto-com/
https://twitter.com/Newegg/status/1384356278638571525?s=20
https://www.skatteetaten.no/presse/nyhetsrommet/kryptovaluta-for-milliarder-av-kroner-rapporteres-i-skattemeldingen/
https://www.theguardian.com/technology/2021/apr/21/natwest-will-refuse-to-serve-business-customers-who-accept-cryptocurrencies
https://cointelegraph.com/news/bitcoin-facilitates-a-global-economy-says-tim-draper
https://cointelegraph.com/news/bitcoin-tumbles-10-in-12-hours-to-trade-below-50-000

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