Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin
Month: October 2020
Currently worth $100 million, the nonfungible tokens industry is changing how the ownership and authenticity of digital assets are perceived. Leading entities in the gaming and blockchain world are already experimenting with NFTs in all sorts of ways. However, the primary goal is to prove the authenticity and ownership of digital items, which had proven
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four convicts involved in the billion-dollar Ponzi scheme Wotoken on Tuesday, several local
On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches.
Has it only been a dozen years since Oct. 31, 2008, that Satoshi Nakamoto published a modest nine-page paper describing a new online payments system called “Bitcoin?” Depending on where one stands, that pseudonymous white paper — its author(s) remain unidentified — fostered either a fintech revolution or, as some believe, “the greatest scam in
In the past week, altcoins prices received a significant haircut, and investors who were light on Bitcoin (BTC) saw their portfolio value take a hit. Initially, Ether (ETH) price followed Bitcoin higher as the top-ranked digital asset rallied through the $12,000 resistance but as BTC continues to slowly push higher Ether struggled to flip $400
Bitcoin (BTC) is sucking up the volume from the entire cryptocurrency market as it continues to rally. This is causing the alternative cryptocurrency (altcoin) market to pullback, which has seen rising selling pressure and low buyer demand. On Oct. 30, researchers at Santiment pinpointed the growing volume and dominance of Bitcoin, while Chainlink (LINK), Ether
Days before a U.S. presidential election marred by court fights over vote counting and partisan allegations of rampant mail-in ballot fraud, Overstock.com is once again touting what it calls a solution: blockchain voting. “If [voting] doesn’t work as well as it should, next week think about how Voatz could have solved that,” Overstock chief Jonathan
A Peruvian regulator authority said on October 26 that studies currently performed on local crypto exchanges will keep on going despite the COVID-19 pandemic, as the country is looking to find ways to regulate the national crypto industry. According to local news outlet Gestion, Superintendent of the Financial Intelligence Unit of Peru (UIF) Sergio Espinosa
Even though the Bitcoin (BTC) hash rate has experienced a sharp decline in recent weeks, the head of research at Blockchain .com, Garrick Hileman is not concerned. Blockchain .com was founded in 2011 by dissenting members of another early crypto start up — Coinbase. It was one of the first providers of Bitcoin analytics, eventually
A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols. Despite efforts to decentralize control in the yield farming phase, the researchers maintain that many projects — especially those with strong venture capital roots — remain highly centralized. The researchers analyzed projects like
At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting the initial margin requirements to $0.50 for its TRUMP token contracts. Individuals who don’t live
The code for Taproot, Bitcoin’s biggest upgrade in years, is finalized and has been packaged into a forthcoming update. Only, it’s not ready to be deployed yet because Bitcoin developers have differing opinions on the best route to activation. To parse the opinions surrounding the Taproot upgrade, Bitcoin Core contributor A.J. Towns surveyed 12 other
Crypto income taxation is a murky arena at present. It would seem that even the U.S. Internal Revenue Service, or IRS, has a tough time figuring out who owes what, according to Wendy Walker, solution principal at the tax compliance company Sovos. “In the typical tax system, the IRS uses 1099 reporting,” Walker told Cointelegraph in
Bitcoin’s (BTC) dominance has risen from about 56% in early September to above 63%. This suggests that the market participants may be rotating their investments out of altcoins to buy Bitcoin. Due to this, several altcoins have either corrected or formed a range. While legacy markets are keeping a close eye on the U.S. Presidential
As the weekend approaches, Bitcoin (BTC) price appears set to close out the month with a remarkably strong performance which has many bulls calling for a new all-time high above $20,000 in the near future. Traders attribute these lofty estimates to the fact that BTC appears to have flipped $12,000 to $12,500 to support and
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