The Australian Tax Office is sending warning letters to retirees investing more than 90% of funds in crypto. The Australian Tax Office has issued warning letters to 18,000 Self Managed Super Funds (SMSFs) for concentrating too much investment in one asset class. Under Australian law it is illegal to use more than 90% of retirement […]
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Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials. Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials. The firm’s Second Quarter Fiscal 2020, published on Aug. 16, revealed $2.58 billion in revenue at earnings […]
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A Bitcoin sell-off by Chinese Ponzi scheme PlusToken is not the cause of the recent price drop, researchers concluded. Bitcoin’s (BTC) recent price drop has not been caused by Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme PlusToken, according to researchers at crypto analytics firm TokenAnalyst. Crypto analytics firm: PlusToken cannot be the cause […]
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Traders are still upbeat about a return to form for Bitcoin price, which could even see a new all-time high this year. Bitcoin (BTC) price fell below $10,000 once more on Aug. 16 after climbing as high as $10,440 in early trading. Market visualization. Source: Coin360 Mixed signals for Bitcoin price Data from Coin360 spelled […]
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On the back of its part acquisition of Xapo’s clients, the U.S. exchange identified the beginning of an adoption curve. Bitcoin (BTC) adoption by institutions has gone from a myth to fact in the past year, the CEO of major cryptocurrency exchange Coinbase has said. ‘We know the answer’ about adoption: Armstrong Speaking on Twitter […]
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Fundstrat market analyst Tom Lee is confident that Bitcoin is a genuine safe haven for investors, predicts potential new all-time high by the end of 2019. Senior analyst at market strategy and sector research company Fundstrat Global Advisors Tom Lee is confident that Bitcoin (BTC) became a genuine safe haven for investors. When asked directly […]
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Cryptocurrency PIVX denies allegations that its blockchain was vulnerable to a bug, as consulting firm Lunar Digital Assets had claimed. Developers of the private transactions cryptocurrency PIVX replied to crypto consulting firm Lunar Digital Assets regarding claims its blockchain was vulnerable to a bug. In a reply published on Aug. 13, PIVX developers addressed claims […]
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Coinbase Custody announces acquisition of Xapo’s institutional business, putting total assets under custory over $7 billion. Disclaimer: this story is breaking and may be subject to updates. Coinbase Custody has reportedly acquired Xapo’s institutional business to become the world’s largest crypto custodian by assets under custody. Major crypto exchange Coinbase announced the news in a […]
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Dash has released a new version of its peer-to-peer client in response to security issues that became apparent this week. Dash has released Dash Core v0.14.0.3, a new version of the wallet and P2P client for its cryptocurrency DASH in light of recent transaction spikes on its mainnet. Security upgrade Dash Core announced the news […]
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Most top cryptocurrencies are still falling in price, while Bitcoin price sees some rebound on the day after drop earlier this week. Thursday, Aug. 15 — Bitcoin (BTC) is seeing some upward movement as Ether (ETH) and XRP continue to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,407 at press time, representing a […]
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