Tag Archives: News

Cryptocurrency is a growing medium of finance, but according to many analysts, the lagging tax regulations is a serious problem for the arena worldwide, and they are convinced that so long as regulations continue to lag, the crypto space will never reach mainstream or legitimate status.Regulations May Not Be as Important as We ThoughtFor years, people have been talking about the lack of regulation and clarification regarding tax data for cryptocurrencies. What constitutes a transaction? What...

It looks like the idea that bitcoin is a “safe haven” of sorts has been challenged this weekend. News of Donald Trump and his hospitalization due to the coronavirus infection has brought an end to the electric surge stocks were experiencing, and as a result, bitcoin is also showing signs of weakness, suggesting that the correlation between the S&P 500 and bitcoin is still there and as strong as ever.News Regarding Trump Brings Down Stocks… and BTCFor the longest time, many industry...

Many analysts and industry experts are predicting that bitcoin will likely fall back into the low $10,000 range following its recent drop of nearly $200.Bitcoin Keeps Heading SouthAs it stands, the currency has failed over and over this week to reach the $11,000 mark. The currency has been struggling to reach this peak over the past 14 days and wants to repeatedly waver between $10,500 and $10,800. Today’s drop to around $10,536 is nearly $200 less than where it stood just 24 hours ago, and...

Remember Atari, the old video game system? The original video game system? Well, it turns out the company is still around, and it’s entering the cryptocurrency arena.Atari Is Releasing Its Own CoinThe firm has announced the establishment of the Atari token, which is set to have a public sale in about a month on the Bitcoin.com exchange. Set for early November, customers or participants looking to take part in the sale can only purchase the coin utilizing five “mainstream” cryptocurrencies....

Criminal charges have been filed against the owners of BitMEX, arguably one of the largest and most popular cryptocurrency exchanges in the world. The company has been accused of engaging in illegal transaction activity and of money laundering.BitMEX Owners Experience IndictmentsBitMEX chief executive Arthur Hayes was formally charged on Thursday by prosecutors in the greater metropolitan area of New York City. In addition, three of the platform’s other owners – including Benjamin Delo,...

Decentralized finance (DeFi) has grown exponentially this year and is becoming more popular on a regular basis.DeFi Is Heading for the StarsOne of the big things behind the growth of DeFi is Chainlink, which has become one of the largest cryptocurrencies available in the digital world today. At one point, Chainlink (LINK) was in 12th place when it come to the arena’s largest digital assets, but now, the currency has a total market cap of several billion and has moved into fifth place, marking...

Bitstamp – one of the world’s largest and most popular cryptocurrency exchanges – has published a new report with the help of a firm known as Byte Tree that details the value drivers behind bitcoin.Bitstamp Discusses BTC Value Drivers in New ReportAs we all know by now, bitcoin’s popularity is heading for the mountains. It’s getting higher every day, and needs a new peak to sit atop to ensure it’s head doesn’t scrape the ceiling, but what are the factors that are driving bitcoin’s growth? We...

The stock-to-flow model that’s allegedly been behind bitcoin for some time is seemingly driving many analysts and industry experts insane. Apparently, there are arguments regarding the accuracy and effectiveness of the model, and it looks like the world of bitcoin is strongly divided over whether it works or even suggestive of bitcoin’s recent gains.Stock-to-Flow Isn’t Convincing EveryoneThe model comes by way of anonymous analyst Plan B, who is frequently on Twitter not only pushing the plan...

Bitcoin cash price failed to clear the $235 resistance and declined sharply against the US Dollar.The price is now trading near the key $220 support and the 55 simple moving average (4-hours).There was a break below a crucial bullish trend line with support near $227 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either continue lower towards $200 or it might recover from the $220 support.Bitcoin cash price is struggling to hold gains above $220 against the...

It looks like banks and financial institutions are still split right down the middle when it comes to cryptocurrency.Many Banks Are Still Iffy on the Subject of CryptoFor the most part, the gap between both centralized and decentralized finance has been somewhat bridged over the past few months. After all, many banks have now been given the green light to offer crypto custody services to their customers, but how many are looking to do this willingly?It appears many of them are still having...