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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...
Bitcoin Price Diary: How REN/BTC Double Bottom Made Me 49% Profit
12.10.2019
“A bounce was somewhat inevitable,” a veteran trader explains after executing a profitable trade with REN/BTC and BTC/USD
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...
Slovenia Has the Most BCH-Accepting Physical Locations Worldwide
12.10.2019
Bitcoin Cash (BCH) merchant adoption continues to grow, but in certain regions worldwide like Australia, Japan, and New Hampshire, BCH acceptance is swelling. As each area pursues BCH adoption in a variety of unique ways, the Republic of Slovenia has seen massive retail approval as the payment...
4 New High-Powered Bitcoin Miners Revealed
12.10.2019
Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds...
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...
Price Analysis 11/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
11.10.2019
If Bitcoin price does not turn around quickly, is a dip to $7,702.87 is possible? Let’s analyze the charts
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...
Top-20 Coins Experience Downward Trend, BTC Stick Near $8,600
10.10.2019
Crypto markets are mostly in the red, remaining relatively quiet with moderate losses throughout the top-20 coins
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...
SEC Rejects Another High-Profile Bitcoin ETF Proposal
10.10.2019
Another high-profile proposal for a bitcoin exchange-traded fund (ETF) has been denied by the U.S. Securities and Exchange Commission (SEC). The agency, however, emphasized that the disapproval was not based on whether bitcoin has utility or value as an innovation or an investment. Shares of...
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...
Chinese Bitcoin Miners Migrate North After Wet Season
10.10.2019
A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after...