Early Bitcoin believers ventured into the digital currency industry because of its autonomy and anonymity. But the anti-establishment attitude cannot help the sector grow, according to Bittax. The Israel-based crypto tax specialist said that most people would not pay taxes off their crypto-based capital gains. However, if a majority of the crypto industry becomes a…
Since Bitcoin (BTC) seemingly lost its value proposition as a form of digital cash, investors have searched high and low, doing their utmost best to determine what defines the world-renowned cryptocurrency. While the search hasn’t produced any definitive results or conclusions, a discussion has begun to mount regarding Bitcoin’s status as the second coming of gold,…
Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break…
After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region. Although this drop seemed significant, BTC has found support in the $3,400 region, and it is still holding steady well above its 2018 lows…
The two most recognisable names from the Bitcoin Satoshi’s Vision (BTCSV) side of the Bitcoin Cash hard fork that occurred last November are adamant that the cryptocurrency agreed upon by the market as the original Bitcoin (BTC) chain is going to plummet in price. In fact, Craig S. Wright and Calvin Ayre are so bearish…
Bitcoin price reject lower lows, stable Exchanges in South Korea band together to protect investors and prevent illegalities Transaction volumes low, prices trading in tight ranges Despite yesterday’s declines, BTC is technically bullish. From candlestick arrangements, it is likely that in days ahead, buyers will flock in driving prices back above the $3,800 level triggering…
Since Bitcoin garnered traction in 2016/2016, the crypto & blockchain industry has been overtly lauded as a catalyst behind a “brain drain” on Wall Street, Main Street, and even Silicon Valley. Case in point, notable talents from the legacy industries’ most preeminent conglomerates, like Starbucks, Google, PayPal, amongst others, have flocked to this firms investing…
It is no secret that Chicago’s history is intertwined with finance. It therefore comes as little surprise that the city seems to be embracing the coming Bitcoin and cryptocurrency revolution too. Already home to proportionately large numbers of Bitcoin ATMs, Chicago is about to get a lot more, courtesy of Lux Vending. The decision was…
Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop…