Bitcoin (BTC)

Crypto traders are converting worthless NFTs into tax breaks. They’re using a service started just for that purpose. Others are taking advantage of IRS tax loopholes for tax breaks on their losses from BTC, ETH, and others this year. That’s how bad the crypto winter is getting as the frost sets into planet earth’s northern hemisphere. But in a sign of persistence and entrepreneurial spirit, crypto markets are reacting. NFT buyers are now helping people with their underwater...

Bitcoin bull and crypto investor Cathie Wood thinks the FTX debacle may have done irreparable damage to the crypto space, and she says the incident will likely make many institutional investors stay away for a long time. Cathie Wood Thinks the Damage Done by FTX Is Severe The FTX fiasco will go down as one of the biggest embarrassments of the arena. Long considered one of the greatest players in crypto, the company first came to fruition in 2019. It rose through the...

The crypto sector experienced significant challenges in the first half of 2022, with the prices of major assets like bitcoin (BTC) and ether (ETH) experiencing a 50%+ drop in value. The situation was further exacerbated by the collapse of the Terra ecosystem in the second quarter, which had a ripple effect on the industry. As a result, major industry players such as Three Arrows Capital, Celsius Network, and Voyager Digital filed for bankruptcy later in the year. The bear...

2023 has finally arrived. Happy New Year to all digital currency enthusiasts out there! Here’s to hoping that all bitcoin players are greeted with kinder, gentler, and more loving maneuvers to their crypto stashes than what was doled out in 2022. Could Bitcoin Recover Soon? To say 2022 was a bad year for crypto would be a huge understatement. It was by far one of the most bearish periods ever to strike the space, and many argued that assets like BTC were on the verge of...

The end of 2022 brought almost zero volatility for bitcoin, which remained flat at around $16,500. Most altcoins also failed to produce any significant volatility, aside from the two recent high-flyers – OKB and Toncoin. Bitcoin Stalls at $16.5K In yesterday’s Market Watch, CryptoPotato summarized bitcoin’s overall price movements in 2022, which started on a high note at almost $50,000 but ended 65% lower following a violent year that saw multiple collapses. While zooming in...

On pourrait retenir de l’année qui vient de s’achever les trois mises à jour – dont deux majeures – de Bitcoin Core et toutes les avancées sur les protocoles de seconde couche, notamment Lightning (voir la synthèse de Bitcoin Optech). On pourrait également se réjouir du nombre exceptionnel de rencontres consacrées à Bitcoin en France cette année ou encore du retour en grâce des « unhosted wallets » après l’implosion de quelques...

Publicly-traded business intelligence company MicroStrategy revealed that it sold part of its bitcoin stash on December 22 for tax purposes. Although the firm later purchased more bitcoins, the sale defied its promise of never selling any portions of its BTC stash. MicroStrategy Sold BTC for Tax Benefits As reported earlier, MicroStrategy purchased 2,395 bitcoins worth about $42.8 million between November 1, 2022, and December 21, 2022. The company then sold 704 BTC for about...

The price of bitcoin took a massive hit in 2022, dropping by more than 50% in 12 months. However, the crypto analytics platform Santiment believes there’s more bad news incoming in the new year. The company based its rather bearish prediction on the BTC whales’ activity. BTC Whales Are Net Sellers Santiment began its 2023 prediction analysis by highlighting the significance of BTC whales’ behavior for the asset’s price movements. This is somewhat expected since these types of...

Bitcoin had a very harsh year in 2022. Can we expect 2023 to be any better now that it’s about to enter the fray? The Bitcoin Price Had It Really Hard This Year We are literally hours away from greeting 2023, and we can’t help but reflect on what a year 2022 has been for the world’s number one digital currency by market cap. The crypto space has had extreme difficulty staying at the top of its game these last 12 months, and many of us are surprised that bitcoin and its...

2022 is on the verge of disappearing forever, and Live Bitcoin News is looking back one last time on the biggest digital currency stories of the year. The Bitcoin Price The biggest story of 2022 revolved around how poorly bitcoin did. What was once one of the largest and most worthwhile assets around sank to the bottom of a deep financial pit, and the currency has refused to get up. In November of last year, for example, the world’s number one digital currency by market...