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Legally Speaking, is Digital Money Really Money?
17.1.2021
Catalina Margulis is a consulting counsel in the International Monetary Fund (IMF) Legal Department’s Financial and Fiscal Law unit, seconded from the Central Bank of Chile. Arthur Rossi is a Research Officer in the IMF Legal Department’s Financial and Fiscal Law unit.
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Countries are moving fast...
Crypto and Tax in 2021: Be Ready to Pay More
16.1.2021
As some may be aware, there are only two things certain in life, death and taxes, and while crypto was initially able to avoid tax (to varying degrees), it would seem that the taxman is finally catching up with the industry. The US Internal Revenue Service (IRS) introduced a new tax form at the...
Partial Blame, Promised Revocation, Presidential Attacks and 20 Crypto Jokes
16.1.2021
This week in the world of crypto, analysts said USD and Coinbase might be partially blamed for the Monday BTC crash, EOS prices were in a tailspin after Daniel Larimer stepped down from his role as Block.One CTO, and XRP dropped following several mixed news. Meanwhile, lawyers planed to file motion...
Three Quick Predictions For Altcoins in 2021
12.1.2021
What's in store for altcoins this year? Well, one industry insider sees death for a number of altcoins, another reminds of good signs that will help altcoins this year, while a third says we might need a change in terminology.
A bull was reigning the crypto market since the end of 2020, while this...
Is Bitcoin’s bull run over?
12.1.2021
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.
Dr. Bruce Ng is an educator in the field of Distributed Ledger Technology...
Not Only Bitcoin Price Is Changing During This Bull Run
10.1.2021
As the most popular cryptocurrency, bitcoin (BTC), keeps scoring its new all-time highs, industry observers see important changes on the BTC adoption front too.
According to Anthony Lauriola, Chief Operating Officer at blockchain portfolio company Dan Holdings, in 2020, we saw “a significant shift...
What to do When Low-for-Long Interest Rates are Lower and for Longer
10.1.2021
Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund's (IMF) Monetary and Capital Markets Department.
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Central banks have played a pivotal role in easing financial conditions in response to the COVID-19 shock, and helped avert a catastrophic downturn....
Bitcoin Mining in 2021: Growth, Consolidation, Renewables, and Regulation
9.1.2021
Bitcoin (BTC) mining has had a couple of less profitable years. After the highs of late 2017 and early 2018, profitability declined by March 2020 to as little as USD 0.0693 per day for every 1 THash of mining power (having been USD 3.139 in January 2018).
However, with the bull market of late 2020...
High BTC Highs, Major OCC News, No XRP-SEC Deals and 20 Crypto Jokes
9.1.2021
Over the course of this week, Bitcoin jumped over USD 41K to the delight of many, setting its sight on the 50K level, with JPMorgan strategists saying its long-term target should be above USD 146,000. Bitcoin, ethereum, and stablecoin camps 'fought' over who benefits more from the major OCC news...
2021 Hashed Blockchain & Crypto Market Predictions
8.1.2021
Simon Seojoon Kim is the CEO and Managing Partner at South Korea-based blockchain accelerator Hashed.
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I. Bitcoin
A solid and continuous Bitcoin (BTC) bull run is expected in 2021.
Since the inception of Bitcoin, the amount of BTC owned by the exchanges has steadily increased. However, starting...
Bitcoin Cash To Hit USD 100K, Says Roger Ver (Bullish on Ethereum Too)
6.1.2021
Roger Ver. Now the third worst-performing major cryptoasset, bitcoin cash (BCH), in 2030, will be worth almost 229 times its current price, according to Roger Ver, tech entrepreneur and investor and Bitcoin Cash evangelist, who said is also bullish on ethereum (ETH).
“The more useful something...
Former Xbox Executives Say Nintendo 'Laughed Their Asses Off' When Microsoft Offered To Buy It
6.1.2021
Microsoft once proposed buying Nintendo in order to lock in its first-party games for the Xbox. The Japanese video game company didn’t just decline to entertain the offer; it laughed the tech giant’s executives out of the room, according to a new report by Bloomberg. Read more
What Might Change The Currency Composition of Central Banks’ Reserve Holdings?
4.1.2021
Alina Iancu, Neil Meads, and Yiqun Wu work at the International Monetary Fund (IMF)’s Strategy, Policy, and Review Department, while Martin Mühleisen is the former director of this department.
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The currencies that are being held by central banks as foreign exchange reserves have remained...
DeFi 'Genie Is Out' and Is Set For Growth in 2021
3.1.2021
In 2021, decentralized finance (DeFi) might see stronger interest not only from individual users but from institutional investors also, as the environment for this nascent sector is still favorable, according to industry players speaking to Cryptonews.com. Meanwhile, regulation might slow down this...
Rallying BTC, Crashing XRP, Welcoming New Year and 20 Crypto Jokes
2.1.2021
The final week of the year brought us quite a gift. Bitcoin rallied above the USD 29,000 level, while its market capitalization jumped above USD 0,5 trillion. And as it was rallying, critics called it a Ponzi with an infinite supply. It wasn't such a good week for XRP though - it crashed after...
What's in Store for Ethereum in 2021?
2.1.2021
Source: Adobe/Виктория Гирина
The second-largest crypto network by market capitalization, Ethereum (ETH), had an eventful 2020 as many other players in the Cryptoverse. But what awaits the network in 2021? The picture looks green price-wise and busy when it comes to new developments, according...
Happy New Year Of Bitcoin, Ethereum, Alts, DeFi, CBDC & Other Trends!
1.1.2021
On this first day (UTC time) of the new year, we will turn to the future and look into the predictions we have already published for 2021: on crypto space in general, individual cryptoassets, prices, technology, adoption, investment, regulation, security, as well as decentralized finance (DeFi)...
Fact-checking Ripple’s Claim that ‘Many G20 Gov’ts’ Call XRP a ‘Currency’
31.12.2020
Brad Garlinghouse. Source: a video screenshot, Bloomberg
The struggle between the US Securities and Exchanges Commission (SEC) and one of the nation’s biggest crypto companies, Ripple, is coming to a head, leading exchanges all over the world, including American giant Coinbase to suspend the...
Cryptonews Rewind 2020: Q4 - ETH 2.0 Phase 0, BTC Rally, Ripple & Ledger Troubles
31.12.2020
Here is what happened in the Cryptoworld in the last quarter of this year:
Total crypto market capitalization in Q4
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Total crypto market capitalization in 2020
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October
And thus the final quarter of the year begun.
The news hit the Cryptoverse: three owners of BitMEX and five related...
Cryptonews Rewind 2020: Q3 - DeFi Summer, New Bitcoin Bulls, More Hacks
30.12.2020
Here is what happened in the Cryptoworld in the third quarter of this year:
Total crypto market capitalization in Q3
July
In July, the decentralized finance (DeFi) summer got hotter. Yield farming boosted by liquidity mining was all the rage, with compound COMP, BAL, and YFI all taking a turn...