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How to Reduce Your Crypto Tax Bill by Taking Out a Crypto-Back Loans
25.8.2019
The crypto lending market has been experiencing an increasing interest in the past 12 to 18 months. More and more HODLers are using their digital asset holding as collateral for fiat currency loans. While the reasons to take out loans are myriad, one of the biggest arguments for taking out...
Has the Bitcoin-Ethereum Rivalry Hit New Heights of Hostility?
24.8.2019
Bitcoin and Ethereum are often seen as arch rivals, and in recent weeks the online cat fighting that characterizes this rivalry seems to have hit new heights of animosity. Ethereum supporters have described Bitcoin maximalists as "tyrants" on Twitter, while certain Bitcoiners have accused Ethereum...
Innovation, Regulation, and 20 Crypto Jokes
24.8.2019
Another week of innovation and regulation in the Cryptoworld. We learned that Binance plans to start an open blockchain project, Venus, and a new digital currency might be delivered to the Cryptosphere. Santander is bringing a Ripple-powered app to Latin America, Rakuten enters crypto trading...
Watch Two Alleged Thieves Walk out of a Mall with a Bitcoin ATM
23.8.2019
Two men entered a mall in Lynnwood, Washington earlier this month and apparently strolled out with a Bitcoin ATM, a security footage captured on August 3 showed.
The alleged thieves casually went into the mall, then immediately went back out. Several minutes later, after the stores had closed at...
Bitcoin Salary: 'Regress to Slavery' vs. Real Life Example
23.8.2019
Mainstream media plays an important role in educating public about the world of cryptocurrencies, and this time, two major British news outlets attempted to discuss what it means to be paid in crypto. The picture they showed is somewhat mixed.
First, the Financial Times opined that, while...
Did Someone Just Buy 45 Bitcoins for USD 14?
23.8.2019
Users of Singapore-registered cryptocurrency exchange BitMax (39th by reported trading volume) are scratching their heads as it looks like someone managed to buy 45 bitcoins for USD 14 today, which would normally cost c. USD 458,100.
Today, a screenshot started to circulate in social media...
Ethereum Classic Beats 96 Coins as It’s Up 30% in a Week
23.8.2019
With a gain of 30% over the past 7 days, Ethereum Classic (ETC) is once again in the spotlight following the break-out that started on Tuesday, and the subsequent correction on Wednesday. After today’s rally, ETC is now up from 18th to 16th place in terms of market capitalization.
Although the rise...
Bitcoin and Altcoins Rebound Likely To Face Hurdles
23.8.2019
After a downward move, bitcoin price found support near USD 9,750 and recently started an upside correction. BTC/USD climbed above the USD 10,000 resistance, but it is still facing many important hurdles near USD 10,000, USD 10,280 and USD 10,320. Similarly, ethereum, ripple, bitcoin cash, binance...
What a Month! Third Crypto Exchange to Leave the Business
23.8.2019
The pressures of doing business in an increasingly competitive arena have taken their toll on Asian cryptocurrency exchanges – with a first-generation Japanese operator leaving the market and a major South Korean exchange closing down an overseas venture, while a smaller local player has also...
Overstock Appoints New CEO After Under-fire Byrne Steps Down
23.8.2019
American retailer Overstock has confirmed the appointment of Jonathan Johnson as its new interim boss after crypto-keen Patrick Byrne stepped down as CEO and board member on August 22. Shares in the company shot up by 8.31% in the hours after Overstock revealed the news.
Byrne stepped into...
‘They Said It’s a Dead-end’: Crypto Startups Tell How to Deal With SEC
22.8.2019
SEC Chairman Jay Clayton. Source: Twitter, @SEC_News
Blockstack and Props are the two first representatives of the crypto industry that managed to get an approval for their token sales from the U.S. Securities and Exchange Commission (SEC). Both journeys were a lengthy, challenging and costly...
DeFi is the Ultimate Defense Against Political/Financial Disasters
22.8.2019
Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings.
Fact is stranger than fiction. But before we talk about the latest facts...
Why Bakkt's Physically-Delivered Bitcoin Futures Are a Big Deal
22.8.2019
Kelly Loeffler, CEO of Bakkt. Source: a video screenshot, Youtube, Bill Rich
Highly-anticipated, Intercontinental Exchange-backed crypto venture Bakkt announced that it will launch its bitcoin futures trading and custody service in the coming weeks.
Bakkt’s physically-delivered bitcoin futures...
Bitcoin Rewards are Spreading with Major Partnerships
22.8.2019
Lolli joined hands with a major goods and food delivery service, Postmates. There are new announcement coming in every day showing major partnerships being made which help cryptocurrency and blockchain adoption. A particular area that has been spreading recently through various partnerships...
Bitcoin and Altcoins Trading With Bearish Bias
22.8.2019
In the past few sessions, there were mostly bearish moves in bitcoin price below the USD 10,200 and USD 10,000 support levels. BTC/USD tested the last swing low near USD 9,750 and it is currently (08:00 UTC) correcting higher. However, upsides are likely to face a lot of hurdles near the USD 10,150...
Crypto Exchange: Taiwan to Become Libra’s Chinese-language Capital
22.8.2019
Formosa Boulevard, a station of Kaohsiung MRT located in Sinsing District, Kaohsiung, Taiwan. A Taiwanese cryptocurrency exchange wants to join Facebook’s Libra Association – and believes that Taiwan will become Libra’s de facto center of gravity in Chinese-speaking countries.
Per a report from...
Good News and Bad for Blockchain and Crypto in South Korea
22.8.2019
There were mixed fortunes for cryptocurrency and blockchain enterprises in South Korea yesterday – with Kakao’s Ground X blockchain arm winning a second major banking partner, while government authorities yet again delayed making a key cryptocurrency ruling.
Woori, a financial firm that comprises...
Watch How Bitcoin Miners in Sichuan Are Being Flooded
21.8.2019
Source: Twitter, @redtheminer
A life-threatening disaster hit Aba prefecture in Sichuan, China, causing enormous damages. The four-days-long heavy rainfall produced raging floods and massive mudslides which directly impacted miners in the “Bitcoin mining capital”, as Sichuan is called.
Two videos...
Ethereum Classic is the Only Green Spot as BTC Dives Below USD 10K
21.8.2019
While nearly all the coins in the top 100 in terms of market capitalization are in red today, Ethereum Classic (ETC) remained the only green spot among the top 20 largest tokens on Wednesday.
Its 24-hour gains fluctuated from 12% to less than 1% and still might turn red as bitcoin price dropped...
'Untrusted' Crypto Exchanges Increased Their Market Share in 2019
21.8.2019
Even though top-ranked exchanges have increased their market share in July, lower-ranked, 'untrusted' exchanges have increased their dominance this year even further, according to CryptoCompare, a provider of the crypto market data.
Based on CryptoCompare’s Exchange Benchmark grading, those...