Musk on Crypto Twitter’s ‘Most Annoying Problem,’ Bored Ape NFTs, Mt Gox Bitcoins, and More — News Week in Review

Another week has handed within the action-packed world of crypto, so it’s time to chill, take inventory of the state of affairs, and revel in this week’s bite-sized digest of the most well liked crypto information from the previous seven days. On the menu this go-round is Tesla CEO Elon Musk speaking about Twitter’s ‘single most annoying downside,’ a deep dive into the world of Bored Ape Yacht Club NFT features, a pile of bitcoins linked to Mt Gox nonetheless shrouded in thriller, and tax developments in Indonesia. Without additional ado, that is the News Week in Review.

Elon Musk Promises to Make 'Significant Improvements' to Twitter — Calls Crypto Spam Bots 'Single Most Annoying Problem'

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 administrators and promised to “make important enhancements” to the social media platform. Some adjustments he’s contemplating embody including an edit button and fixing the crypto spam bot downside, which he sees because the “single most annoying downside on Twitter.”

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An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time

An In-Depth Look on the 5 Most Profitable Bored Ape NFT Traders of All Time

Non-fungible tokens (NFTs) have been extraordinarily well-liked over the past two years and in latest occasions, particular NFTs from sure collections promote for tons of of hundreds and even tens of millions of {dollars} per NFT. During the final 30 days, Bored Ape Yacht Club (BAYC) NFTs noticed $257 million in gross sales quantity. While folks nonetheless query the worth of NFTs, it’s additionally attention-grabbing to see who’s buying the costliest NFTs like Bored Apes and buying and selling them usually. The following is an in-depth have a look at the highest 5 BAYC merchants of all time and the tens of millions of {dollars} in earnings they’ve made.

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Bitcoin Cold Case: The Tale of the Dormant Wallet With Close to 80,000 BTC From Mt Gox

For the final 11 years, a mysterious pockets related to the Mt Gox scandal has sat dormant holding near 80,000 bitcoin price $3.7 billion in the present day. While the pockets was as soon as the sixth-largest tackle just a few years in the past, in the present day it’s the ninth-largest pockets by way of bitcoin held, and the funds have by no means been spent because the first deposit on March 1, 2011.

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Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting May

Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May

The Indonesian authorities has determined to tax capital features revenue from crypto investments at 0.1% beginning in May. In addition, value-added tax (VAT) of the identical charge might be levied on crypto purchases.

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