Crypto news

Peter Schiff cannot access his bitcoin wallet and is blaming his “losses” on the blockchain. Schiff is a boomer in every sense of the word, and his lack of blockchain understanding shows. Maybe he has a secret crush on bitcoin. Peter Schiff has “lost” all of his bitcoin. Or at least he thinks he has. A Sunday morning tweet revealed that he could no longer access his crypto wallet due to a decryption error: Human error or something more sinister? | Source:...

Russian Prime Minister Mikhail Mishustin is looking to implement crypto taxes in his native land.Mishustin: Crypto Must Be TaxedIn a recent interview, Mishustin – a former director of tax agencies in Russia – has said that the country is more than likely to adopt a new crypto tax plan this coming spring. He states:I am convinced that it is necessary to tax such operations and to correctly assess any economic consequences of using cryptocurrencies.Many are thrilled about the addition of...

Initial exchange offerings (IEOs) are getting a bad rap from the Securities and Exchange Commission (SEC), which claims that they’re just initial coin offerings (ICOs) under a different brand.IEOs Are Not What They Claim To BeThe SEC is warning investors to steer clear of IEOs in that they could come from unregulated exchanges. If the exchange itself is not in compliance, this could lead to heavy problems for whoever’s willing to put money into it in that they will not receive investor...

The popular economist and well-known nocoiner, Peter Schiff, has said that he’s lost all of his bitcoins because of a forgotten software. He took his rant to Twitter, outlining that the lost bitcoin has no market value, on top of having no intrinsic value as well. Peter Schiff Loses His BitcoinsPeter Schiff is a well-known economist, as well as a frequent guest on national news and an author. However, he has also chosen to take a very definitive stance on Bitcoin. He’s said on multiple...

New details have emerged in the Craig Wright/ Ira Kleiman case. Reportedly, Wright has gotten a hold of the private keys that will potentially give him access to the secret bitcoin stash he’s been insisting exists for so long. He’s now ready to unlock those funds and hand over what he reportedly owes.Will Craig Wright Hand His Money Over?Lawyers for Craig Wright have told the United States District Court of the southern district of Florida that their client has obtained the keys from a...

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The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year.The Holiday is taking place during the next weekend, between January 25th (Saturday) and 27th (Monday), a quick look at the Bitcoin’s longer-term price chart can reveal this occasion had a tremendous Bearish effect on the price of Bitcoin over the...

Today we got another reminder that volatility is working both ways.Bitcoin has fabulous times since entering the new decade. However, when we see such a parabolic move to the upside, we can expect volatile moves to the other side, as well.Just yesterday, we mentioned Bitcoin price reaching its first major test – the 200-days moving average line (marked light green on the following chart). Many analysts see this tough resistance as the barrier between Bear and Bull markets.Today, Bitcoin...

While most people consider every cryptocurrency transaction anonymous, that’s not the case. Bitcoin, for example, has all transactions recorded on a public ledger, which can be easily accessed. In theory and practice, it’s entirely possible to associate a Bitcoin address with an individual, especially if he has ever used a cryptocurrency exchange, which requires identity verification.However, the apparent need for a fully anonymous payment option ultimately led to the creation of such, called...

Anyone can issue his own money – this should be the main notion in FinTech of the 21st century.According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.Let’s consider the volume of international payments stated above. If the...