Search
Bitcoin Breaks USD 38K, XRP Rips Higher, Altcoins Remain Attractive
7.1.2021
There was a fresh increase in bitcoin price above the USD 37,500 and USD 37,750 levels. BTC even cleared the USD 38,000 level and traded to a new all-time high. The price is currently (13:00 UTC) showing signs of upside continuation and it could rise further to USD 39,500 or USD 40,000.
Similarly...
Strike Visa Cards To Launch in US, EU, and UK Within First Half of 2021
7.1.2021
Jack Mallers. Source: Twitter/@JackMallers
Strike, a popular bitcoin (BTC) banking service by US-based Bitcoin Lightning startup Zap, aims to have their Strike Cards rolled out in countries on two continents in the first half of 2021.
Per the rollout plan as presented by Zap founder Jack Mallers...
JPMorgan Predicts $146K Bitcoin Price as Competition With Gold Escalates
7.1.2021
JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,000 as the cryptocurrency’s competition with gold heats up. Meanwhile, the firm’s global strategist sees the current bitcoin bull run as being similar to the bull run of 2017. He warns of three risks...
Crypto-Stealing Malware Targets At Least 6.5K Victims
7.1.2021
The ElectroRAT malware has been attempting to steal cryptoassets, including bitcoin (BTC), litecoin (LTC), ethereum (ETH), and monero (XMR), among others, from thousands of victims for the past year, according to a researcher at the New York-based cybersecurity company Intezer Labs.
Intezer...
IRS Updates Tax Requirements for Cryptocurrency Owners
7.1.2021
The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes...
Top Gambling Firm IGT Obtains US Patent for a System to Enable Customers to Fund Their Bets via Crypto
7.1.2021
A gambling tech giant received the green light from the U.S. Patent and Trademark Office (USPTO) to start offering cryptocurrency payment options to their users. The company is known for manufacturing slot gambling machines. Gamblers Could Also Transfer Crypto From Their Wallets to...
Bitcoin Trader Robbed During an In-Person Transaction, Kicked Out of Car in Hong Kong
7.1.2021
An unnamed 37-year-old man was a victim of a theft from a gang of robbers who fled with 15 bitcoin (BTC), worth HKD 3 million ($387,000) in cash. They agreed to meet in person for a crypto exchange transaction. Six Non-Chinese Suspects Allegedly Involved in the Theft Per the South China Morning...
Bitcoin Hits New ATH, Ethereum, Altcoins Strengthen, XRP Surges
7.1.2021
After a fresh bullish breakout above USD 35,000, bitcoin price started a fresh rally. BTC broke the USD 36,000 resistance and extended its rally above USD 37,000. It traded to a new all-time high close to USD 37,700 and it is currently (05:00 UTC) consolidating above USD 37,000.
Similarly, there...
Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
7.1.2021
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service...
New Report Studies Satoshi Nakamoto’s Inconsistent British and American Writing Techniques
7.1.2021
On December 31, 2020, a new report was published that studies Satoshi Nakamoto’s writing style, the creator’s use of expressions, and spelling. The new examination shows Satoshi’s spelling and American and British wording indicates it was very inconsistent and littered with...
Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion
7.1.2021
The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $26 billion in trade volume worldwide. Moreover, the entire crypto-economy...
Trump Bans Chinese Payment App Giants Alipay and Wechat- Order Could Steer Billions of Dollars Toward Bitcoin
7.1.2021
Cryptocurrencies may see a boost between China and the U.S., as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. Following the signing of Trump’s new executive order, popular payment apps including...
Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’
6.1.2021
The Sweden-based XBT provider Coinshares saw roughly $202 million in XBT certificates swap hands on the market’s first day of trading in 2021. Meanwhile, on the same day, the bitcoin exchange-traded product BTCE saw $100 million in trade volume. Coinshares Group is a European firm dedicated...
Israeli Regulator Designates Utility Tokens Issued by Companies as Securities
6.1.2021
The Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did...
South Korean Politicians Won’t Be Required to Disclose Their Crypto Holdings After Proposals Failed to Pass the National Assembly
6.1.2021
South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in November 2020 According to the Electronic Times, the bills aimed to require...
Bitcoin News Roundup for Jan. 6, 2021
6.1.2021
With BTC topping $35K and JPMorgan predicting even higher long-term gains for the cryptocurrency, CoinDesk’s Market’s Daily is back with the latest crypto news roundup
Current 'Trickle Into Bitcoin' Could Become 'A Torrent' - Bill Miller
6.1.2021
Bill Miller. As bitcoin (BTC)'s latest surge continues to convert ranks of legacy finance institutions into crypto-enthusiasts, legendary investor Bill Miller predicts that "the current relative trickle into bitcoin" could become "a torrent."
"If inflation picks up, or even...
Crypto Regulation Commences in Serbia: Trading, Mining Legalized
6.1.2021
Serbia has started regulating the crypto industry as the country’s law on digital assets has gone into effect. It requires cryptocurrency service providers to obtain a license and legalizes crypto activities, including trading and mining. Serbia Starts Regulating Cryptocurrency Serbia’s...
Bitcoin and Altcoins Bulls Keep Pushing, XLM Surges 100%
6.1.2021
After trading to a new all-time high of over USD 36,000, bitcoin price started a downside correction. It declined over USD 1,500, but the bulls remain in action. The price is currently (13:00 UTC) trading above USD 34,000 and it could attempt another surge towards USD 36,000.
Most major altcoins...
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...