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Fear of Another Global Recession Suggests Cryptocurrencies Are a Safer Bet Than Fiat Currencies
15.10.2019
The global recession of 2008 was the scariest dream of the world economy when bankers became poppers within a matter of hours, and the entire market collapsed. After more than a decade, the shocks of recession are still felt in some sectors, and therefore, the thought of another one sends chills...
Indian Supreme Court Postpones Crypto Case to November
15.10.2019
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case...
Bitcoin and Ethereum Donations Won’t Be Converted to Fiat Currencies: UNICEF
15.10.2019
UNICEF, last Wednesday, became the very first United Nations organization and one of the handfuls of international bodies to reap the benefits of cryptocurrencies. They proudly announced that the agency would now be accepting Bitcoin and Ether as donations through the UNICEF Cryptocurrency Fund....
Diversified Crypto Fund Receives FINRA Regulatory Approval
15.10.2019
Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which...
Tax Guide: What Crypto Owners Should Know
14.10.2019
With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are...
Bitcoin Trades Around $8300; Resistance may Come at $8435
14.10.2019
Bitcoin manages to stay above 8,250 USD, while trades around 8,300 USD in the last 24 hours. The next resistance may come by 8,435 USD. Bitcoin has been successful in maintaining its value around 8,250 USD over the last 24 hours, and the three price swings have given a range between 8,166 USD...
Bitcoin Price Indicates Relaxed Fall Since August
13.10.2019
Bitcoin (BTC) moves towards the support level Bitcoin price is seen dealing with the bears. The price movement in the currency is quite surprising as the month has experienced a heavy fall in BTC that took it to $7,800. The current price also indicates an intraday loss which is expected to stay....
IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings
12.10.2019
The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies...
Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra
12.10.2019
Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of...
TradeSanta and HitBTC’s Collaboration to Offer 0% Trading Fee Opportunity to Traders
12.10.2019
Serving as one of the leading cryptocurrency exchanges in the European market, HitBTC has broadcasted the news of its strategic partnership with TradeSanta, the cloud software solution that allows us to create and manage bots efficiently. As per the announcement, the highly anticipated...
Michael Novogratz: Bitcoin has “one Store of Value,” While Other Cryptos are for Use
12.10.2019
There’s a growing debate in the crypto industry between the supporters of Bitcoin and other altcoins, about the general value, legitimacy, and usage. While some argue that each coin has its own value, others think all cryptos except Bitcoin will fall down someday. However, giant investor and market...
Alipay Bans All Cryptocurrencies Transactions on Its Platform
12.10.2019
In a significant development that doesn’t bode well for the mass adoption of cryptocurrency, Alipay has decided to ban all the transactions involving Bitcoin and other cryptocurrencies. So that you know, Alipay is one of the subsidiaries of the Alibaba group, which is involved in the business...
BTC Surf Expands Its Exclusive Offer for Its Community
12.10.2019
If you have been in the world of cryptocurrencies for a long time, you should have experienced the evolution of the business models. In the initial phase, there were many business models linked to advertising. The already known “faucets” and the PTCs (Paid To Click) were a viable way...
Swedish Government Auctions Cryptocurrency Again
12.10.2019
The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11. Also read: Sean Walsh: Cryptocurrencies Can Harness...
5,200 Tobacco Shops in France Now Sell Bitcoin
11.10.2019
Bitcoin can now be purchased at 5,200 tobacco shops in France. Fintech startup Keplerk launched the service on Oct. 10 after halting it for many months. France’s 24,000 licensed tobacco shops have diversified into non-tobacco products to boost revenue. Also read: IRS Issues New Crypto...
Bitcoin Stagnates at $8544 After a Mere Decline of 0.84%
11.10.2019
Bitcoin loses 0.84% over the last 24 hours The next resistance may come at 8,650 USD Bitcoin has been through huge volatility in the price movements over the last 24 hours but there is only 0.84% decline in the value in this period. The price movements have been in the range between 8,654 USD...
Is the Next Altcoin Season on the Horizon?
10.10.2019
The digital currency market appears not to be exhibiting any particular trend at the moment as major cryptos have initially recuperated from the September selloff. Moreover, some of the altcoins have bounced back to the pre-selloff levels; still, they mostly stayed in the upper side of the current...
Virginia Beach-based Bcause Mining Operation is Ordered to Get Liquidated
10.10.2019
BCause Mining LLC, involved in Bitcoin mining operations and situated in the city of Virginia Beach in the United States, has been subjected to liquidation. The news has been confirmed by an Attorney of BCause who clarified that the firm’s operations have come to a halt. The local news outlet...
Bitcoin Price Gets a Hike; Soars to $8500
10.10.2019
Bitcoin gains 4.45% after a day of struggle The next resistance may come at 8759 USD Bitcoin (BTC) seems to have resumed its recovery after a day of sluggish movement. Over the last 24 hours, it rose by 4.45%, and the value against USD has now gone as high as 8,500. All three major price...
IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In
10.10.2019
The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard...