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Russian Crypto Traders May Be Forced to Declare Earnings to the Taxman
5.11.2020
Russia’s parliament, the State Duma, will debate a new draft law that would force Russians to declare “electronic” asset earnings and holdings on overseas-based platforms – in a move that could potentially impact crypto traders.
Although the draft bill does not make specific mention of crypto...
$1 Billion Silk Road Bitcoin Moves for First Time in Five Years
5.11.2020
At least 69,369 bitcoins, worth about $955 million, were on Wednesday moved from a wallet address that may be linked to the collapsed Silk Road darknet marketplace. This is the first time that the funds have moved from the address — bitcoin’s fourth largest — since April 2015....
Bitcoin Inches Closer To USD 15,000, Analysts Eye Higher Levels
5.11.2020
After surpassing USD 14,000 yesterday, bitcoin (BTC) jumped above USD 14,800 today, reaching another almost three-year high, while analysts expect even a stronger rally.
At pixel time (12:50 PM UTC), BTC trades at USD 14,871 and is up by almost 8% in a day and 13.5% in a week. The most popular...
Gold Price Expected to Rally Despite Concerns About Lockdown 2.0
5.11.2020
Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve...
Knife-edge Biden-Trump Showdown Has Crypto Backers on Both Sides
5.11.2020
As American voters face a nervous wait to see if Democratic candidate Joe Biden can edge out President Donald Trump in the recent United States election, it appears that some big crypto community players may be watching the vote counts with more trepidation than others – with Bakkt's parent and...
Hash Watch: Bitcoin Cash Services Reveal Contingency Plans for Upcoming Fork
5.11.2020
The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it’s still expected that the network will bifurcate. So far, a number of crypto services have revealed contingency plans for the fork, and today’s data shows that 754 out of 1,000 bitcoin cash blocks were mined...
Bitcoin At New High, Altcoins Gain Momentum
5.11.2020
There was a steady rise in bitcoin price above the USD 13,800 and USD 14,000 resistance levels. BTC even broke the USD 14,200 resistance and traded to almost a three-year high. It is currently (06:00 UTC) consolidating gains and trading well above the USD 14,000 support level.
Also, there...
83 Tons of Fake Gold Bars Backing $3 Billion Loans in China: This Man Claims to Know the Truth
5.11.2020
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese...
BitMEX Completes Accelerated Verification, Secures 'Vast Majority' Of Volume
5.11.2020
Major crypto derivatives exchange BitMEX has completed their hastened user verification program, stating that it has secured the "vast majority" of its trading volume.
BitMEX gave its users until midnight (UTC time) on November 5 to complete the full verification in order to continue...
Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin
4.11.2020
A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system. Bitcoiner Wins Senate Election...
Covid-19: IMF Urges More Stimulus Support For Non-Contact Intensive Businesses
4.11.2020
The International Monetary Fund (IMF) is encouraging countries to create money to mitigate the effects of lockdown restrictions on economies. Specifically, the international lender wants businesses and workers displaced by the pandemic related responses to get financial support as they adjust their...
Bitcoin Above USD 14K While Prediction Markets Wave Goodbye To Trump
4.11.2020
Donald Trump. Source: a screenshot, Instagram/realdonaldtrump
The most popular cryptocurrency, bitcoin (BTC), jumped above USD 14,000 for the second time in a day, reaching almost three-year highs, while crypto prediction markets increasingly favor the Democratic candidate, Joe Biden, over...
US Presidential Election Unlikely to Alter Bitcoin’s Path: Analyst
4.11.2020
Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin...
US Presidential Crypto Candidate Brock Pierce Yet to Break Silence
4.11.2020
Brock Pierce: Source: Twitter/@brockpierce
As President Donald Trump and his leading challenger, the Democrat Joe Biden, continue to claim victory in an exceptionally tight general election, the crypto community is on the lookout for its self-proclaimed champion Brock Pierce.
Today We Prove...
Bitcoin Bull Cynthia Lummis Wins US Senate Seat
4.11.2020
Cynthia Lummis. Source: Twitter/@CynthiaMLummis
The United States faces a nervous wait to see who has won the country’s general election with results too close to call in many states – but crypto advocates are already celebrating victory, with a known bitcoin (BTC) proponent winning a seat in...
Nearly USD 1B In Bitcoin, Possibly From Silk Road, Moved
4.11.2020
Nearly USD 1 billion in bitcoin (BTC) believed to be from the infamous Silk Road darknet market moved today, for the first time in five years, claimed blockchain tracker Elliptic.
According to their report, BTC 69,369 - currently (8:16 UTC) worth USD 945.4m - has been moved out of the bitcoin...
Uniswap Dark (UNID) Next Generation Defi protocol with Ultimate Security Futures, Token Pre-Sale is Now Live
4.11.2020
PRESS RELEASE. Uniswap Dark is a uniswap fork that tackles impermanent and permanent loss. Our exchange provides a decentralized, peer-to-peer, and safe exchange platform with minimal fees and slippage to solve the problems. Usually, trading or swapping on Uniswap demands ERC-20 token to...
US Election Fuels Volatility in Bitcoin and Altcoins
4.11.2020
There was a strong upward move in bitcoin price from the USD 13,350 support level. BTC broke the USD 13,650 resistance and it is currently (05:00 UTC) trading above USD 13,800. It seems like the bulls are eyeing a strong upward move, with an increase in volatility due to the US presidential...
US Election: Crypto Prediction Markets Flip To Favor Trump Over Biden, Bitcoin Rallies
4.11.2020
As the race between the two main opponents in the US presidential elections inches towards the end, crypto prediction markets flipped to favor the still-President Donald Trump over the potential-President Joe Biden.
Now, according to these markets, there is a 75% (36% several hours ago) chance...
Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011
4.11.2020
Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when...