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Good News For Crypto Traders in the U.S. as IRS Extends Tax Deadline
20.3.2020
The tax deadline in the USA has been extended due to the Covid-19 outbreak, and this concerns crypto as well.
The U.S. Treasury Department and Internal Revenue Service (IRS) have issued guidance extending the tax deadline 2020 for all individual and other non-corporate tax filers with up to USD...
Italian Bank to Offer Bitcoin Trading Services to 1.2m Customers
20.3.2020
Hype mobile banking platform by Banca Sella. Could the coronavirus outbreak be the jolt that drives the traditional banking sector and the cryptocurrency sector together?
In Italy, there are suggestions that this is already the case, with Banca Sella preparing to launch bitcoin trading services...
China’s Changing Perception of Bitcoin: Bitkan CEO Shares Insights After 7 Years in Crypto Industry
20.3.2020
Since the advent of bitcoin in 2009, cryptocurrencies have gone from being a niche topic for tech nerds to ubiquitously recognized — if not always understood — staples of modern finance. Bitkan CEO Liu Yang recently took some time out to give news.Bitcoin.com a peek into the Chinese...
Long-Term Bitcoin Hodlers Buying the Dip
20.3.2020
Despite a brutal price crash last week, long-term bitcoin (BTC) “hodlers” are still not scared away, and instead appear to be using the lower prices as a buying opportunity, a new analysis showed.
According to the report, prepared by blockchain analysis firm Glassnode and published on Thursday,...
Bitcoin and Altcoins Gaining Bullish Momentum, Market Up 20%
20.3.2020
After forming a support base above the USD 5,200 level, bitcoin price started a strong rise. BTC/USD broke the key USD 5,550 and USD 5,850 resistance levels to move into a positive zone. The price is now (08:00 UTC) trading well above USD 6,000 and facing a couple of hurdles near...
3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online
20.3.2020
Options to acquire cryptocurrencies in Nigeria have been growing in number, along with increasing interest in bitcoin. Nigerians are also starting to see more opportunities to spend their coins in brick and mortar stores and at online merchants. Three crypto debit cards are now available to...
How Long Will the Market Downturn Last?
20.3.2020
When will normality return? How long till global markets recover and bitcoin resumes the bull run it was teasing at before the coronavirus materialized? These are questions that all investors are pondering as the epidemic wreaks havok on gold, oil, stocks and – up until March 19 –...
Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator
19.3.2020
The last few weeks of global hysteria has shown there’s been a mad dash for dollars and various fiat currencies. Moreover, central banks have tried to quell cash liquidity issues by injecting trillions into the hands of private banks and hedge funds worldwide. As the financial system shudders...
Tether Launches Stablecoin Token on Bitcoin Cash via Simple Ledger Protocol
19.3.2020
Tether, the world’s most popular stablecoin, will be using the Simple Ledger Protocol built upon the Bitcoin Cash network for issuing its tokens. Among other things, this means that millions of Bitcoin.com Wallet users will now be able to send and receive USDT via SLP tokens right within...
Bitcoin Jumps Back Above USD 6,000 as It Rallies 50% Since Bloody Friday
19.3.2020
Source: iStock/hocus-focus
After touching the USD 4,000 level less than a week ago, bitcoin (BTC) rallied around 50% and is now trading above USD 6,000 again.
At pixel time (18:39 UTC), bitcoin is trading at c. USD 6,249 and is up 22% in a day, erasing all its weekly losses. The price is now up...
Another Venezuelan Bitcoin Spike as Banks Struggle + More News
19.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Peer-to-peer (P2P) bitcoin (BTC) trading appears to be on the rise in Venezuela after the country’s president Nicolás...
Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
19.3.2020
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro...
Bitcoin News Roundup for March 19, 2020
19.3.2020
Chewie, we're home. The markets correct as dollars flash red. Plus, a COVID-19 song. This is CoinDesk's Markets Daily podcast
Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
19.3.2020
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting...
Bitcoin Rallies as Fiat Currencies Drop Against the U.S. Dollar
19.3.2020
After a major market crash last week, bitcoin (BTC), the most popular cryptocurrency, at least today is somewhat showing its power as a hedge against risks inherent in fiat currencies and the broader financial system.
Trading up 12% over the past 24 hours as of press time (USD 5,772 at 12:41...
Bitcoin Oversupply Issue Over & Prices Now Stable, Says Chainalysis
19.3.2020
Blockchain and analytics specialist Chainalysis says that although bitcoin (BTC) inflow volumes to exchanges are still high, it looks as though prices have attained some degree of temporary stability.
In a recent report on the state of the BTC market, analyst Philip Gradwell wrote,
“The majority...
Relief to Bitcoin Miners as Difficulty Set For Largest Drop in Five Months
19.3.2020
Bitcoin (BTC) mining difficulty is now estimated to drop in six days, offering relief to miners, squeezed by the market crash and the current record-high mining difficulty.
The next adjustment will see the difficulty, a measure that shows how hard it is to compete for mining rewards, go down...
12 Platforms Allowing You to Trade Gift Cards With Cryptocurrencies
19.3.2020
In an emergency situation like the current coronavirus pandemic, anything can turn into currency as the fiat system may experience cash shortages and devaluation. Cryptocurrency users have options to trade bitcoin beyond traditional money. A number of platforms will let you exchange...
Bitcoin and Altcoins Testing Bullish Break
19.3.2020
Yesterday, we saw a downside correction in bitcoin price below USD 5,300. However, BTC/USD remained well supported above the USD 5,000 and USD 5,050 support levels. It is currently (08:30 UTC) rising steadily and likely attempt an upside break above USD 5,550.
Similarly, most major altcoins...
You Can Now Trade CS:GO Game Items Safely for BCH Through Blind Escrow on Bitcoin.com Local
19.3.2020
Are you looking for a cool way to earn bitcoin cash privately instead of buying it directly? You can now connect your Steam account to the peer-to-peer marketplace Bitcoin.com Local and trade CS:GO game items for BCH via blind escrow. This is a great improvement for players who were previously...