Tag Archives: News

It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was denied a refund two years ago after creating new coins through staking. Despite the offer, Jarrett is saying “no” and continuing his case against the tax people in D.C. to ensure the IRS never pursues him on the matter again. Has Crypto Beaten the IRS? In 2019, Jarrett was made to pay income taxes on new...

Liam Ghershony – a 25-year-old former crypto enthusiast – has completed a 125-day jail sentence after drugging his father so he could convert more than $400,000 worth of his BTC into Ethereum. What Liam Did to Keep His Dad’s Crypto from Falling Liam was involved in crypto investing with his dad, and together, they began an account that saw them earn more than $350,000 in digital currency profits after taxes. Things were going well, but Liam had a serious drug problem...

Tron price started a decent increase above the $0.0600 level against the US Dollar. TRX price is now trading above $0.0620 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0630 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it stays above the $0.0620 support zone. TRON price started a fresh increase above $0.0600 against the US Dollar, similar to bitcoin. TRX price could rally...

Bitcoin price started a fresh increase above the $40,000 zone against the US Dollar. The price is now trading above $40,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is now facing a major resistance near $45,000 and might correct lower. Bitcoin price gained pace above $40,000 against the US Dollar. BTC even spiked...

MicroStrategy has already lost nearly $150 million this quarter largely because bitcoin’s price has dipped so much. MicroStrategy Stock Has Fallen Due to BTC It wouldn’t matter if bitcoin fell on its own. The problem is that the company has invested in the digital asset so much that stock shares are practically tied to the digital currency, and thus when BTC falls, the company is likely to fall with it. Chief financial officer Phong Le explained in an interview that the...

A new peer-to-peer (P2P) wireless network known as Pollen Mobile is emerging. What’s the clincher? The project is looking to pay its users in crypto for running their own mini cell towers. This will build out the network’s coverage in San Francisco, where the company is stationed. Pollen Mobile Mixes Cell Phones with Crypto Pollen Mobile was launched by Pronto AI, an autonomous vehicle startup which was begun by Anthony Levandowski. He was pardoned in 2021 by President...

Michael Saylor – the man behind MicroStrategy, a software firm that’s made a name for itself buying bitcoin – is confident proper regulation would help the crypto space become more legitimate. He thinks the right rules will be a “catalyst” for BTC, the world’s number one digital currency by market cap. Michael Saylor Is Pro Regulation In a recent interview, Saylor said: Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and...

ADA price started a fresh increase above $1.10 against the US Dollar. The price is now trading above $1.10 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1.052 on the 4-hours chart (data feed via Bitfinex). The price could rise further, but it might face resistance near the $1.30 zone. Cardano price is gaining pace above $1.20 against the US Dollar, unlike bitcoin. ADA price could start another...

Ethereum price started a fresh increase from the $2,800 zone against the US Dollar. ETH price is now trading above $2,800 and the 55 simple moving average (4-hours). There is a crucial rising channel forming with support near $2,820 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $3,200 resistance. Ethereum price is showing positive signs above $2,800 against the US Dollar. ETH/USD might rally...

Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against crypto mining completely, he says he wants most facilities shut down so they can take time to reevaluate all the energy they’re using. Williams Wants NY to Take a “Mining Break” Williams made the announcement at a winery in the Finger Lakes, which recently saw the Greenidge...