Bitcoin has fallen to $10,000, the latest low in an ongoing slump this week. Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its […]
Continue Reading
Cryptocurrency holders that will not reply are subject to account examination by the United States Internal Revenue Service. Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report […]
Continue Reading
The upcoming crypto derivatives platform Blade has raised over $4 million from Coinbase and SV Angel, among others. A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time. Blade’s funding […]
Continue Reading
A prominent analyst believes Tether issuance and market cap are pretty good indicators of where Bitcoin price is headed. Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to […]
Continue Reading
Major cryptocurrency exchange Binance has announced that it is considering 30 different cryptocurrencies for trading on its platform for U.S.-based clients. Major cryptocurrency exchange Binance has announced that it is expanding the number of digital assets available to United States-based customers. Per a blog post published on Aug. 9, Binance is considering support for 30 […]
Continue Reading
Around 80% of Tether is reportedly held by about 300 whale accounts, suggesting a highly concentrated ecosystem. The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply. Bloomberg reported the company’s finding in a report on Aug. […]
Continue Reading
The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg reveals. The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg revealed on August 7. The statistics reveal that while the correlation between Bitcoin (BTC) and gold […]
Continue Reading
Cryptocurrency exchange Bittrex has completed switching Tether from the OMNI-based implementation of the stablecoin to the ERC-20 one. American cryptocurrency exchange Bittrex has completed switching Tether (USDT) from the OMNI-based implementation of the stablecoin to the ERC-20 standard on the Ethereum network. Bittrex announced that USDT deposits and withdrawals are now open in a tweet […]
Continue Reading
Good or bad sign? The New York attorney general’s injunction against Bitfinex has been extended. The saga continues. Despite everything that’s been said about Tether and Bitfinex, defying all the scrutiny and suspicion, they continue to survive as a controversial pillar of the global crypto ecosystem. And in their ongoing legal battle with the New York State […]
Continue Reading
Bitcoin’s price steadily climbed from $9,100 to $10,900 over the past week. Is a move to $12,000 and higher back in the cards? Bitcoin (BTC) remains bullish and a multitude of metrics support this claim. Is this a trend reversal? Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While […]
Continue Reading