‘Not so bearish’ patterns are surfacing and Bitcoin looks prepared to move past the $9,000 range. The king coin had been trading sideways throughout the week as Bitcoin trifled with the higher ends of $9,000. Not very much has changed in price movement, yet the constant sideways move is another indication that Read more…
After the massive Twitter hack in which official Twitter accounts of Apple, Uber, Bill Gates, Joe Biden, Elon Mush and others were hijacked and fake tweets were posted. The fake tweet was offering $2,000 for every $1,000 sent to an anonymous Bitcoin address. Elon Musk, just tweets about Dogecoin [DOGE] when one Read more…
PayPal said it is working on integrating crypto capabilities in its platform It said the European Commission should establish clear rules and definitions to encourage companies PayPal is studying the use of blockchain to improve financial services Digital payments company PayPal has confirmed it is seeking to enter the cryptocurrency space. In a Read more…
Gold bug and notorious cryptocurrency critic Peter Schiff wonders whether the recent hack of verified profiles on Twitter is “a harbinger of Bitcoin itself being hacked.” In a July 16 tweet, Schiff mentioned yesterday’s mass hack of verified Twitter profiles which were used to promote a Bitcoin scam, further suggesting that it could Read more…
In what seems to be an attack on twitter, famous celebrities like Elon Musk and few major crypto twitter accounts were used to roll out a seemingly bitcoin scam. The fake posts include a BTC address and promises anyone double returns on their deposits. #TwitterHacked Trending with Account Including Elon Musk Read more…
New York-based crypto-fund manager Grayscale today reported a record $906 million in crypto inflows in the second quarter of 2020 — nearly double its previous record set in Q1 at $500 million. The new data suggest that institutional investors, dominated by hedge funds, have been scooping up Bitcoin products, despite Read more…
Cryptocurrencies like bitcoin are treated as “property” per IRS rules (IRS Notice 2014-21). When you trade cryptocurrency for a profit, you end up having to pay taxes on the resulting capital gains. The capital gains (profit) is the difference between how much you paid for the cryptocurrency (the cost basis) Read more…
Crypto exchange Binance has announced the launch of its crypto debit card in Europe and the UK. Dubbed Binance Card, it’s powered by multi-asset wallet and Visa debit card platform Swipe. The card users will be able to pay with Bitcoin, Binance Coin, Swipe’s native SXP token and Binance USD Read more…
Digital assets management firm Grayscale has increased the weighting of Bitcoin and Ethereum in its Digital Large-Cap investment fund. The change in composition comes at the expense of major altcoins including XRP, Bitcoin Cash and Litecoin. In the two weeks following Bitcoin’s halving in May 2020, Grayscale’s rate of Bitcoin Read more…
Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing. Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in Read more…