Danish regulators are targeting crypto traders in a tax avoider crackdown. Skattestyrelsen, or Skat, Denmark’s tax agency, has issued warning letters to “20,000 cryptocurrency tax avoiders,” according to European crypto tracking and tax reporting startup Koinly. The move comes months after regulators were sniffing around at a trio of local exchanges for information on crypto...Read More
Ethereum’s annual gathering, Devcon, announced the launch of MakerDao‘s MCD back in October. Since its launch on 18 November, the Maker Foundation’s newly collateralized asset has been at the end of some criticism from some quarters. Coinmonks, a crypto-educational platform, recently highlighted the Foundation’s governance system which allowed MKR token holders to be the deciding...Read More
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but the company closed their account...Read More
It has been a while since BitPay surprised the cryptocurrency industry. In a new turn of events, the company is looking to step up its commerce game by removing volatility whenever possible. The press release confirms BitPay will begin offering stablecoin payments for both merchants and consumers all over the world. BitPay Favors Non-USDT Stablecoins...Read More
Bitcoin has been caught within an unrelenting bout of sideways trading within the $7,000 region in the time since it bounced from lows of $6,500 in late-November. This consolidation period has made it increasingly unclear as to where BTC will go next.One potential factor that could provide some insight into what type of movement is...Read More
Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s security research wing claims...Read More
American businessman and investor Mark Cuban believes that Bitcoin has “no chance” of becoming a reliable currency. Amongst other criticisms, the billionaire believes the digital asset is too difficult to use for the average person.Naturally, Bitcoin’s staunchest proponents disagree. Some have said that Cuban sounds like a critic of the early internet. Others have offered...Read More
Bitmain, the crypto-mining equipment manufacturing giant, has been in the news a lot recently. Over the past few months, the Beijing-based entity has had to deal with several internal turmoils, conflicts which eventually led to the departure of Micree Zhan as Jihan Wu took back control of the company. However, the firm’s prospects in other...Read More
Mark Cuban has made a fortune by investing in innovative technologies, but this doesn’t mean he loves everything new that comes along. Case in point is cryptocurrency as the billionaire has made his disdain of virtual currencies clear. In an interview with Forbes, he said there is “no chance” that Bitcoin will ever be used...Read More
$100,000 has long been a popular Bitcoin (BTC) price target amongst cryptocurrency investors and analysts, but there is much debate as to whether or not this is a realistic target for the cryptocurrency.Although the calls for an imminent $100k Bitcoin keep pouring in, there is a limited number of events that could catalyze this type...Read More
BitPay, a payment provider offering merchants the ability to accept cryptocurrencies, launched support for several stablecoins. Users will now be able to use USD Coin, Gemini Dollar and Paxos to pay for goods with all on-boarded merchants. BitPay previously specialized on letting sellers accept cryptocurrencies without ever getting exposure to their volatility. The service was...Read More
Over the past few decades, we have seen almost unimaginable progress in computation speed and power. A watch today is a more powerful computer than the first Macintosh that my parents bought me in 1984 (I was very lucky). The weakest and lightest laptop today is more powerful than the computers that I programmed on...Read More
The CEO of a digital currency exchange in the UK has set himself an incredibly bizarre challenge. People have been donating to Pete Wood of CoinBurp as he attempts to raise money for a homeless charity by saying the word “crypto” 100,000 times.Wood is live streaming the challenge via YouTube with public addresses displayed for...Read More
On December 9, 2019, Nayuta announced the launch of what it claims is the first application to enable a “Bitcoin full node and SPV [simplified payment verification] node” on mobile devices. The Japanese company, best known for releasing the fourth Lightning Network client which operates on the grounds of the BOLT protocol, Ptarmigan, has published...Read More
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion. Additionally, according...Read More
Recently, Philip Gradwell, Chief Economist at Chainalysis, a blockchain data analytics company, spoke at a Meetup in London about token economics in on-chain analytics. During his talk, Gradwell spoke about both on and off-chain data, how they can be linked together, and gave some insights based on their analysis of Bitcoin and other cryptocurrencies’ data....Read More
The crypto community is reeling after Matic dumped 70% of its USD value in an hour. And as a Binance Launchpad project, the circumstances around the event have left many wondering whether IEOs are any different to ICOs.Matic Crashes Back Down To EarthOnly yesterday, Matic was riding high off the back of strong price performance....Read More
The price of the second-largest cryptocurrency by market cap, Ethereum, may be down as much as 90% from its all-time high price of over $1,400, but ICO investors are still up over 400x on their initial investment.The post appeared first on NewsBTCRead More
A lot of companies and service providers are rolling out staking support for Tezos. The latest company to do so is Ledger, as its Live software now lets users stake XTZ. Ledger is best known for providing hardware wallets to customers all over the world. Ledger Enables Full Tezos Support Their devices are both relatively...Read More
Bitcoin price has been steadily falling, locked in a downtrend over the course of the last few months, taking the price of the cryptocurrency to roughly 50% of the year’s high of $14,000.After the latest sustained drop, Bitcoin has been consolidating in what now appears to be a bear pennant chart pattern formation, which suggests...Read More
The Bitcoin [BTC] market has lost 0.54% of its value in December 2019, with the king coin’s price movement recording recurring dips. A recent dip of 2.45% contributed to the price of the world’s largest crypto tumbling down from $7,450.62 to $7,268.03. Following the loss, Bitcoin tried to recover. However, it was stuck at $7,337.32,...Read More
Many Wall Street veterans are in agreement. The returns from stocks and bonds over the next decade will be sluggish. Time to add crypto to your savings plans? Traditional Investment Portfolios Set to Underperform Morgan Stanley analysts told Bloomberg that “The return outlook over the next decade is sobering. Investors face a lower and flatter...Read More
Last night, the altcoin cryptocurrency known as Matic was the talk of the crypto community, as the asset had spent the week going on a circa-2017 Bitcoin-like parabolic run, only to drop over 70% in less than an hour, destroying investors who got caught up in price action.The post appeared first on NewsBTCRead More
Meme Lord. Street artist. Unique startup founder. Feeder of the hungry. There’s no end to the amount of cool jobs in crypto, and new uses for decentralized, peer-to-peer cash are limited only by the bounds of one’s imagination. Whether finding new and innovative solutions for longstanding societal or technological problems, just having fun, or both,...Read More
Verge (XVG) is backtracking, erasing more than 15% of its price on Tuesday. XVG fell to $0.004, moving away from a recent spike. The Verge market price sank significantly on Tuesday, despite the still expected scheduled hard fork. The asset sank after a week of hiking higher, moving up by as much as 30% on...Read More
Bloomberg called Binance Coin the best-performing cryptocurrency of 2019 but it nevertheless remains vulnerable to traders’ intrinsic greed.The native token of one of the world’s largest crypto exchanges, Binance, has surged by more than 146 percent as of this time of writing. The gains are far larger than what the benchmark cryptocurrency Bitcoin has delivered...Read More
Tezos has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bearish reversal may start to take place The daily time frame continues to show the presence of a large bullish pattern Tezos is starting to correct lower after the cryptocurrency recently rallied to its highest trading level since August...Read More
HODL is not working for now. How do traders profit from Bitcoin trading sideways? Register via this link now to get a permanent 10% trading fees discount. On December 4th Bitcoin have suddenly raised for almost $1,000 in just minutes, but then gave up and returned to the $7,200 mark, similar spike showed the other...Read More
With the holiday season around the corner, you probably have started looking into Bitcoin travel options. Especially given that traveling to be with family and friends is something that every person looks forward to, it’s only fair that you start making arrangements in advance. However, the reality is that making travel arrangements is never an...Read More
Our previous price analysis had identified a tight range in which Bitcoin is trading inside. Over the past hours, this range is seemingly cracking down, to the downside. For the past five days, Bitcoin was trading between $7300 to $7600. Despite a fake-out that reached the mentioned resistance area of $7700, Bitcoin was trading inside...Read More
