XRP – the digital token closely associated to FinTech company Ripple – has had a rough couple of years, plummeting from highs of over $3.00 in early-2018 and finding itself caught within a firm downtrend that has persisted throughout all of 2018 and 2019.Although many major altcoins saw some relief in the first half of...Read More
The first week of Lightning Network support at cryptocurrency exchange Bitfinex, has seen more than 800 transactions make use the Bitcoin payments layer. The company’s Chief Technical Officer Paolo Ardoino says customers have deposited more than seven Bitcoin (~$52,000) to the exchange since it added Lightning payments.Despite recent Lightning Network vulnerabilities, it appears to be...Read More
Bitcoin price predictions are all over the map, with some expecting the price to reach zero, while others expect beyond a million dollars per BTC.One cryptocurrency analyst has charted the asset using a logarithmic growth curve, that could provide accurate clues as to when Bitcoin price could reach prices of $100,000 or higher.Bitcoin Price to...Read More
Crypto startups are becoming less frequent as interest in the emerging fintech industry cools off, however, there was once a time that cryptocurrency-related startups were a dime-a-dozen, making finding clear winner a difficult and risky process.The post appeared first on NewsBTCRead More
After an early 2019 parabolic rally, Bitcoin has spent the last few months locked within a vicious downtrend that’s seen nearly 50% of the crypto asset’s value eliminated.The post appeared first on NewsBTCRead More
There are still many questions associated with China’s digital currency plans. The PBoC has now confirmed how the currency will be tested in a few cities, and will gain the support of telecom giants. The to-be issued central bank currency in China will go through rigorous testing first and foremost. PBoC Announces Digital Currency Test...Read More
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances...Read More
After many months of speculation as to the whereabouts of Dash ex-Senior Advisor, Moocowmoo, and the location of investors’ funds, it seems he’s finally come out of hiding. Investors Start Receiving Their Shares In a euphoric Reddit post, entitled “Developing story: More and more people reporting they are receiving their shares back,” Dash supporters come...Read More
China’s Center for Information and Industry Development once again published a new list of its crypto ranking index, pushing Bitcoin 2 spots higher than its last report. Bitcoin Back in China’s Top 10 China has just released a new CCID Global Public Blockchain Technology Assessment Index. This is the 15th assessment index that’s been released...Read More
According to recent documents, the United States Securities and Exchange Commission (SEC) believes that the case against the serial Ponzi scammer, Renwick Haddow, has yet to be properly solved. The United States SEC does not appear to be satisfied with the New York Southern District Court judge’s decision regarding the case against Renwick Haddow. Judge...Read More
Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it as the central bank and regulators procrastinated with the new technology and stifled further innovation. Indian Crypto Industry Stunted Increasing hostility from central banks is to be expected. Decentralized...Read More
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
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
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 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
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
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
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
Gift cards have become a popular payment tool for cryptocurrency users. Plenty of platforms now offer a wide variety of cards which can be purchased with your digital coins. You can use them to buy just about any product or service from major and small retailers, order food and drinks, or book a flight. And...Read More
When it comes to determining the performance of cryptocurrencies, Bitcoin is always miles ahead of the rest. That is, until this year, as Binance Coin has had a pretty decent year as well. Competing with the world’s leading cryptocurrecy is no easy feat, even under the best of circumstances. The Success of Binance Coin Most...Read More
Many people questioned the viability of issuing Donuts on the Ethereum blockchain. This new currency for the Ethtrader subreddit has been well-received by the community so far. For a token that is only usable on a subreddit, one wouldn’t necessarily expect there to be much interest. DONUT is More Popular Than Expected Things are a...Read More
Ethereum and most major altcoins have been closely tracking Bitcoin’s price action as of late, and the aggregated market has been unable to find any decisive momentum over the past few weeks. This lack of momentum has caused ETH to hover around the $150 region as bulls and bears remain deadlocked.Analysts are now noting that...Read More
Another week, another round of Crypto Tidbits. Bitcoin saw an effectively flat week, gaining 0.08% over the past seven days according to Coin360.com. Altcoins have posted similar results, or rather, a lack of results, with a majority of cryptocurrencies posting gains or losses of a percent or two.Analysts from Bloomberg and other top industry firms are...Read More
Ethereum client Parity released an urgent announcement, admitting that they forgot to include an EIP in the latest upgrade. Ethereum’s Biggest Client Forgets EIP Inclusion A recent announcement posted by one of Ethereum’s biggest clients, Parity, came as a surprise. The service admitted that it forgot to include an EIP (Ethereum Improvement Proposal) into their...Read More
Bitcoin (BTC) has been able to incur some decent upwards momentum in the time since its faced a strong and swift rejection around $7,800, as it has since climbed up towards $7,600.Analysts are noting that this recent price action may point to the possibility that Bitcoin is forming a bullish long-term bottom formation, which comes...Read More
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures...Read More
Nvidia has urged a US judge to dismiss a case brought by investors who say it misled them over crypto mining revenues. The company claims that the plaintiffs had cherry-picked information and relied on analysts who were clearly speculating on its financials. Lack Of Transparency Over Crypto-Mining Demand The case was initially brought, back in December 2018,...Read More
