5/18/2021 6:09:49 PM GMT Bitcoin price rests at strategic technical level, still searching for a bottom.Ethereum price joins the broad selling in the cryptocurrency complex, falling 30% from peak to correction low.Ripple price forms symmetrical triangle but fails on first breakout attempt. Bitcoin price has fallen 27% over the last ten days, making it the…
General Crypto
General Crypto
Bitcoin falls further as China cracks down on crypto currencies
At the same time, Tesla shares fell more than 3% on Wall Street, possibly because of the electric carmaker’s exposure to Bitcoin. The firm, owned by Elon Musk, still holds around $1.5bn worth of the crypto-currency.Beijing cracks down Crypto-currency trading has been illegal in China since 2019 in order to curb money-laundering.But people are still…
U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax-evasion risk
U.S.Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion risk – The Treasury Department announced that it will require any transfer worth $10,000 or more to be reported to the IRS.- “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said.- Investors have…
Ohio senator wants clarity for crypto tax reporting in proposed bill
Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Ohio senator wants clarity for crypto tax reporting in proposed bill Ohio senator wants clarity for crypto tax reporting in proposed bill April 20, 2021 Senator Rob Portman said lawmakers were “still pulling in information” on crypto to formulate the bill, implying he announced it…
IRS Clarifies Tax Implications On 2017 Bitcoin Hard Fork
IRS Clarifies Tax Implications On 2017 Bitcoin Hard Fork IRS Clarifies Tax Implications On 2017 Bitcoin Hard Fork Published on by Shehan Chandrasekera, Contributor A view of Bitcoin token.A split in the Bitcoin community is set to create a new incompatible … [+] version of the cryptocurrency.They plan to offer existing investors a matching amount…
Cardano on hiring spree as it prepares to take the smart contracts throne from Ethereum
Cardano on hiring spree as it prepares to take the smart contracts throne from Ethereum Published 8 hours ago Cardano is on the verge of disrupting the smart contract and NFT market, with its network costing just a mere fraction of the charges on the larger Ethereum network.Data reveals that Cardano has overtaken Ethereum and…
Ethereum price rallies once again after recent flash crash
Ethereum price rallies once again after recent flash crash By Ethereum is showcasing gains of nearly 30% over the course of the last month Ether’s short-to-medium-term monetary outlook appears to be quite strong at the moment, according to experts.ETH continues to be faced with monetary resistance around the AUD$2,650 range.The total value locked (TVL) in…
Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks ‘absolutely insane’
Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet.Huobi Group shared the announcement with Cointelegraph on Aug.19.MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal.The Maker project is a combination of its stablecoin,…
Ethereum Set To Reach $5,000?
Get the latest crypto news delivered to your inbox daily.Ethereum Set To Reach $5,000? Total views: 1177 by Vlad Hatze April 21, 2021 Ethereum’s implementation of EIP-1559 through the forthcoming “London update” has divided the network’s community.What’s more, Ethereum miners have dramatically opposed the new update as it is set to diminish their rewards.In the…
Ethereum Classic Hits 24 Hour Volume of $2.58 Billion (ETC)
Ethereum Classic Hits 24 Hour Volume of $2.58 Billion (ETC) Ethereum Classic (CURRENCY:ETC) traded 3.8% lower against the dollar during the 1 day period ending at 15:00 PM Eastern on April 21st.Over the last week, Ethereum Classic has traded up 58.1% against the dollar.Ethereum Classic has a market cap of $3.86 billion and approximately $2.58…