American cryptocurrency holders are all too aware of what the IRS aims to achieve. In a new form sent to recipients, the agency is trying to dig deeper into people’s crypto past. It is pertinent for US cryptocurrency users to report their holdings, earnings, and losses to the IRS. The IRS is at it Once...Read More
The weekend has seen marginal gains for most crypto assets as total market capitalization claws back above $200 billion. Tezos has been the clear leader in terms of performance though as it tops $1 billion market cap and closes in on a top ten position.Tezos Outperforming Crypto MarketsThe good news is that there has been...Read More
Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar.The price is likely to rally significantly once there is a clear break above $152.There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).The price could dip a few points,...Read More
Most technology-related news coming out of Russia will not be positive. New research confirms access to Moscow’s surveillance system can be purchased for very little money. The things one can buy on online forums and messenger groups are absolutely astonishing, but not in a positive manner. Making Extra Money in Russia It turns out anyone...Read More
Block.one, the parent company behind EOS, announced a launch date for its social network Voice. The company plans to launch a beta version of Voice on Feb. 14, 2020. The announcement also indicates that “tens of thousands” of users have already signed up over the past several months. Voice has additionally published a new FAQ...Read More
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to...Read More
If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed the phrase “Bitcoin golden cross” tossed around incessantly. The reason, the leading cryptocurrency’s weekly chart is on the verge of printing what is known as a “golden cross,” when a short-term moving average crosses over a long-term one to...Read More
Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story.Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty,...Read More
Although Litecoin is often criticized for a lack of development, the community tends to come up with new solutions. One user has developed TheLitecoinApp, which gives users access to everything Litecoin-related. Although one could easily find Litecoin-related resources online, having them all in one app adds a degree of convenience. TheLitecoinApp is a Great Addition...Read More
Ethereum’s price action has been closely correlated to Bitcoin’s over the past several weeks, leading ETH’s price to dip into the lower-$150 region, which is where it has been able to find some levels of support.Ethereum’s much-anticipated Istanbul hard fork has come about concurrently with ETH’s ongoing downtrend, and it appears that investors are not...Read More
China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans,...Read More
While Ethereum‘s Istanbul upgrade was deemed successful, it was, however, not all smooth-sailing. The upgrade that went live on block 9,069,000, introduced six Etheruem Improvement Protocols, and all the major clients such as Geth, Parity, Aleth, Besu, Nethermind, and Aleth had released version that would be compatible with Istanbul, and the result of failing to...Read More
XRP’s price was hovering between the $0.21-$0.25 range for a long time now. A much-needed breakout to the positive side could be in the offing as XRP bulls take position to take over. The coin was trading at $0.23 after a surge by 2.14% over the last 24-hours, at press time. Additionally, according to data...Read More
This year is coming to its end, and, naturally, it’s time to wonder what’s the next big thing in the world of Bitcoin. CryptoPotato had the chance to meet and talk with one of Bitcoin’s most famous proponents and industry experts, Anthony ‘Pomp’ Pompliano, co-founder and managing partner at the venture capital fund Morgan Creek...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...Read More
The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care. Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria,...Read More
The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around the world have been either regulating cryptocurrencies or completely banning them, while a few others are still in the process of figuring out how to...Read More
While the creation of Bitcoin has spawned an entire industry of cryptocurrencies and blockchains that are used by individuals around the world, this nascent market remains small.Related Reading: Crypto Tidbits: Deutsche Bank Gives Nod to Bitcoin, EOS to Host Social Media, France Digital CurrencyAs Mati Greenspan, founder of Quantum Economics and a former eToro senior analyst,...Read More
Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and 24-hour trading volume...Read More
After incurring a significant influx of volatility earlier this week, Bitcoin (BTC) has been able to gain some tempered upwards momentum as its buyers attempt to push it up towards its near-term resistance that exists at $7,800.This momentum comes about as buyers grow aggressive at BTC’s near-term support levels, which one analyst believes is a...Read More
Monero recently upgraded its network, keeping in line with its constant efforts to steer clear of ASIC centralization. One of the major network upgrades included the shift of the mining algorithm from CryptoNightR to RandomX. The new algorithm not only puts ASIC miners at a disadvantage but also limits GPU mining to an extent. The...Read More
The last days saw Bitcoin trading under a tight range of $300, between $7300 and $7600. The good news is that Bitcoin is finally trading above the confluence zone of $7300 – $7400, along with the 4-hour MA-50, which was mentioned here more than once. Besides, the RSI is showing strength due to the negative...Read More
The cryptocurrency world has more than its fair share of self-proclaimed clairvoyants. Whether it’s traders predicting great things for a digital token that’s set to launch, or a journalist touting the next groundbreaking Web3 project, future-gazing is a popular pastime.With so many crypto projects in the offing, and so many supposed psychics pulling you in...Read More
Coinbase is one of the most highly secure and reliable exchanges on the market, supporting directly purchase cryptocurrencies with fiat, but this security and convenience come with a cost. Coinbase is also known for its high fees, and if you are a trader that makes frequent withdraws and trades, these fees can really take a...Read More
Last month, MakerDAO rolled out its Multi-Collateral DAI [MCD] which is supported not just by Ethereum but also Brave’s Basic Attention Token [BAT], as opposed to its Single-Collateral DAI [SAI] which restricted its support to Ethereum alone. While this seems to be successful as the total DAI in circulation surpassed 50 million, the possibility of...Read More
There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies. Price gaps, for example, are something seen quite regularly within traditional...Read More
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets ‘The End of Fiat Money?’ –...Read More
Bitcoin’s price collapse creates opportunity to buy more BTC, but how much? When AngeloBTC, BitMEX‘s ex-top trader tweeted that Bitcoin would dip into the $6,000 zone on October 15, most of the traders were skeptical and asked him to delete the tweet, stemming from disbelief that BTC wouldn’t dive that deep. 38 days later, BTC...Read More
The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. Korean Authorities Hope to Tax Crypto Capital Gains Until recently, Korea was one of the most active markets for crypto speculation....Read More
Internal Revenue Services [IRS] released a 2019 criminal investigation report celebrating its 100 years of law enforcement. The report entailed the fight against criminals using advanced technologies to evade taxes and commit other crimes. The report specifically mentioned the success it has had over the past year in curbing and apprehending criminals who used cryptocurrencies....Read More
