Zug, a canton in Switzerland, will be the first canton to start accepting cryptocurrency for tax payment purposes starting from February 2021. Zug Canton Partners with Bitcoin Suisse for Crypto Tax Payment According to an announcement by the canton on Zug on Thursday (September 3, 2020), taxpayers in the canton will have the option of...Read More
It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along. Bitcoin Plummets Below $11K It’s safe to say...Read More
Binance’s monthly trading report for August was just released. Data from the report points to striking growth trends in the world’s largest cryptocurrency exchange. However, the key takeaway that stood out was open interest touching the $1 billion mark for the first time since the launch of Binance’s crypto futures trading platform. Crypto Futures Open...Read More
After starting the month of September around the $12k mark, Bitcoin experienced a sharp correction today that crashed it to lows of nearly $1,160 in a matter of hours, erasing the gains of almost five days. Admittedly, a nervousness during the correction was to be expected as several traders adapted their strategies to this sharp...Read More
Twitter continues to experience technical issues trying to protect high-profile accounts as the social media giant has confirmed another hack. This time, it involved India’s Prime Minister Narendra Modi. Upon taking over the account, the perpetrators had requested donations in Bitcoin and other cryptocurrencies. Twitter Hacks – The Indian Edition Less than two months ago,...Read More
Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily. Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines). Polkadot becomes the top 5 cryptocurrency, enjoying...Read More
The popular Bitcoin exchange Bithumb in South Korea has reportedly been raided by the authorities. This happened because of fraud allegations. Bithumb Accused of Fraud by South Korean Police According to a report by a local news outlet, the Intelligent Crime Investigation Unit of the Seoul Police authorities raided South Korea’s largest cryptocurrency exchange Bithumb....Read More
Launched back in 2007 in Montreal, Canada, Pornhub is undoubtedly one of the largest, if not the largest adult websites out there. Pornhub Premium is the company’s source for HD adult videos, where users have to pay a fee to watch, and now they can do so using Bitcoin and Litecoin. Pornhub Premium Accepts Bitcoin...Read More
One of the moderators running the giant darknet marketplace AlphaBay has been sentenced to 11 years in prison. Bryan Connor Herrell received payments in Bitcoin for his moderator position, which he used to settle disputes between buyers and sellers. AlphaBay’s Moderator Sentenced To 11 Years In Prison The statement from the US Department of Justice...Read More
Bitcoin bulls were met with another wave of intense selling pressure at the psychological $12,000 yesterday, which sent prices reeling $900 all the way back to the $11,160 level. This is the third time in under a month that BTC has experienced a strong rejection at this critical level of around $11,100. In the previous...Read More
Kazakhstan’s new Digital Development Minister, Bagdat Mussin, has reportedly asserted that the country is already in talks to attract a significant investment worth over $700 million to expand the cryptocurrency mining sector in the Central Asian nation. Kazakhstan Aims For $700M Investment For Crypto Mining The plans for attracting 300 billion tenges ($715 million) of...Read More
Bitcoin briefly jumped to above $12,000 but has retraced since then. In the last few hours, the entire market appears to be taking a break. Bitcoin Tested $12K To No Avail The past 24 hours have been rather impressive for the cryptocurrency field, with the entire market cap gaining over $13 billion from yesterday’s bottom...Read More
Investment has been pouring back into the global crypto market and Bitcoin consistently now since August 27, from a low of $348 billion to its current peak at $387 billion – according to data from Coinmarketcap. This influx of capital has helped the leading crypto’s price climb over $800 from it’s monthly low at $11,115,...Read More
Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%. 2-Year High For ETH, Sushi Enters Top 100 Ethereum doubles-down on its recent price pump with another 10% increase. ETH...Read More
IOV Labs has announced the integration of RIF Gateways & Chainlink’s decentralized blockchain oracles into its ecosystem, thus enabling developers to access critical price feeds and data resources generated outside the blockchain network. Decentralized Oracles on Top of Bitcoin’s Network The firm’s smart contract platform, the RSK Network, is designed to leverage Bitcoin’s hash power...Read More
An anonymous Bitcoin investor by the name “1400BitcoinStolen” claimed on Sunday that he lost 1400 BTC after “foolishly” installing an old version of the popular Electrum wallet, but turned out to be a phishing scam. A Trap Explaining the unfortunate incident, the victim said he had not been able to access the funds since 2017....Read More
Huobi Futures, the derivatives platform of the popular cryptocurrency exchange Huobi Group, will launch Bitcoin options trading starting September 1st. The company explained that more sophisticated investors are entering the digital asset market, and their BTC options release aims to meet their demand. Huobi Futures Adds BTC Options Trading Announced earlier today, the Singapore-based platform...Read More
After the launch of short Bitcoin (SBTC) ETP on Boerse Stuttgart, Germany’s second-largest stock exchange, the crypto trading product is now available on Xetra. This is a significant breakthrough for 21 Shares, which has already tasted success with eleven other institutional-grade crypto exchange-traded products. Short Bitcoin ETP Gets Listed on Deutsche Xetra Germany is Europe’s...Read More
Bitcoin continues to increase in price slowly and is currently hovering at $11,650. Larger-cap altcoins are in the green as well, as Ethereum’s 4.5% increase has taken ETH to $420. Altcoins On The Move The top ten cryptocurrencies have been recovering since last week’s dumps, and most of them have marked gains in the past...Read More
Recent data indicated that the HODLing mentality towards Bitcoin prevails as the number of coins that haven’t moved in two or more years has reached a three-year high. At the same time, miners are following suit as their BTC holdings have reached a two-year high. HODLing Mentality Among BTC Investors Prevail The analytics firm Glassnode...Read More
OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao.Hao spoke of the challenges OKEx has to...Read More
Spencer Schiff, the son of the well-known economist, gold-bug, and permanent Bitcoin basher Peter Schiff, recently purchased an undisclosed amount of BTC. Aside from criticizing the primary cryptocurrency once again, his father prompted the community to send Spencer a belated birthday present, not in gold but in BTC. Schiff Jr. Appreciates Bitcoin, Unlike His Dad?...Read More
As another week comes to its end, let’s start from the bottom line: Bitcoin price ends the week exactly where it started it, hovering around the $10,600 mark. It wasn’t a remarkable week for Bitcoin, unlike the other cryptocurrencies, especially the DeFi ones, that saw triple-digit gains. Looking at the shorter timeframe, which is seen...Read More
The use of cryptocurrencies in Venezuela has thrived over the years, and although they may not be the revolution that many expected, they have managed to fit into the financial thinking of the people there more strongly than in other countries. The status of crypto and blockchain technology in the country has evolved significantly. A...Read More
Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%. YFI To $40k, Low-Caps Surging It’s no secret that the DeFi...Read More
Yearn Finance is undoubtedly all the rage in the cryptocurrency field right now. Up just shy of 80% in the past 24 hours, it peaked at almost $39,000 on Binance. Now, industry proponents such as the CEO of one of the world’s largest Bitcoin margin trading exchanges are making bold predictions about its price. Arthur...Read More
It has long been questioned as to why Bitcoin is priced in U.S. dollars when they are two entirely different entities. One is an inherently weak currency that has been continuously devalued for almost 50 years, and the other is a mathematically finite digital store of value. In a recent blog post by entrepreneur, Sylvain...Read More
Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw...Read More
Yesterday, the United States’ Department of Justice filed a complaint to seize 280 cryptocurrency accounts operated by notorious North Korean hackers. They allegedly stole millions of dollars worth of crypto assets from two cryptocurrency exchanges and also sought the help of Chinese OTC traders to launder the funds. US DOJ Moves To Seize Cryptocurrency Accounts...Read More
Bitcoin had a rather unproductive week of trading as it declined from about $17,750 to where it’s currently at $11,500, losing about 2% in the process. However, the last seven days were not without their highlights. Just yesterday, the US Federal Reserve’s Chairman, Jerome Powell, announced a historic shift in the institution’s approach towards inflation...Read More
