China, tax moves and liquidity squeeze may have served to present a lethal combination, suggests Gabor Gurbacs, as Bitcoin circles $7,000. Bitcoin (BTC) price’s decline has come as a result of geopolitical and financial factors, a senior investment executive has suggested. In a tweet on Nov. 25, Gabor Gurbacs, digital asset director at investment management […]
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Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting. Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting. As the 2019 tax year comes to an end, the software is designed to help firms, certified public accountants and professionals counsel their clients about reporting their taxes from […]
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Author of peer-to-peer BitTorrent protocol Bram Cohen says ASIC-resistant proof-of-work is both “a pipe dream and a bad idea.” Bran Cohen, best known as author of the peer-to-peer (P2P) BitTorrent protocol, has responded to some of Vitalik Buterin’s opinions about the state of technology around cryptocurrencies. On Nov. 25, Cohen, also the current CEO of […]
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The crypto businessman sings praises for “uncensorable money.” In an exclusive interview with Cointelegraph, Blockstream CEO Adam Back stated that for him, nothing is above Bitcoin, not even stablecoins or other coins issued by central banks. Adam Back invented the hashcash proof of work system, and was one of the first people to work with […]
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Cryptocurrency firm Ripple invests additional $20 million in MoneyGram, completing its original commitment of $50 million. Major money transmission network MoneyGram has announced that blockchain-based payments firm Ripple has completed its original commitment with a final $20 million investment. In a Nov. 25 press release, MoneyGram announced that Ripple Labs Inc. has made a final […]
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The Excise Department in Thailand plans to change its current tax refund practice by introducing a blockchain-based tax payback system for oil exporters. The Excise Department in Thailand is poised to introduce a new way of refunding overpaid taxes to oil exporters by using blockchain technology. On Nov. 25, director-general Patchara Anuntasilpa told the Bangkok […]
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Cryptocurrency markets are showing signs of recovery with mild gains, while Bitcoin is looking to gain traction above the $7,100 price mark. Monday, Nov. 25 — Cryptocurrency markets are showing mild signs of recovery, while Bitcoin (BTC) is fighting to stay above the $7,100 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day […]
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Strong Bitcoin support at $6,500 resulted in a 13% gain today, pushing BTC back over $7K as key metrics point to a possible bullish reversal. Bitcoin (BTC) closed the week down at $6,900 having lost around $1,400 or 18.72%. Monday got off to a disastrous start for the bulls, with a selloff in the Asian […]
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The bears have been unable to capitalize on the breakdown of critical support levels and this suggests that the current dip could be a bear trap. The total crypto market capitalization has bounced from the $180 billion mark. We anticipate a strong support in the $168 billion to $183 billion range because the market cap […]
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CX Technologies, the firm behind a supposedly Estonia-based cryptocurrency exchange DX.Exchange, is ceasing operations following a petition filed by its employees. The firm behind a purportedly Estonia-based cryptocurrency exchange DX.Exchange is ceasing operations following a petition filed by employees. CX Technologies, the Israeli company operating DX.Exchange, entered bankruptcy after 78 of its employees filed a […]
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