Crypto & Blockchain News 8 Jan 2021: Bitcoin

1. In a rather interesting turn of events, several Bitcoin critics are beginning to retrace their steps. The latest on the list is former Federal Reserve governor, Kevin Warsh.

2. The South Korean government has finally decided to tax cryptocurrency profits starting from 2023. Following a government-issued amendment on Wednesday, the country will proceed to tax profits from cryptocurrency trading.

3. Coinbase is under the microscope with Bitcoin’s (BTC) price surges past $41,000 following a minor retrace after topping $40,000 on Thursday. The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity.

4. First Mover: It Might Be Getting Silly as Bitcoin Passes $39K, $40K, $41K. It’s taken just eight days in 2021 for bitcoin prices to surge more than 40%, and some analysts are starting to handicap the chances for a correction.

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5. Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa.

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